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Mysterious Bitcoin Maximalist Mircea Popescu Allegedly Found Dead – Bitcoin News

Mpex founder and Bitcoin evangelist Mircea Popescu reportedly drowned off the coast of Costa Rica, including to the thriller surrounding the person, his purported bitcoin fortune, and what it would imply for the way forward for the community.

Father of “Bitcoin Toxicity” Faced No Shortage of Controversy

Just just like the pseudonymous Satoshi Nakamato sparked an exciting hunt for the true id of the individual or individuals behind Bitcoin, the community has reportedly lost one among its most enigmatic and polarizing figures of the final decade.

Mircea Popescu, a Romanian nationwide and famous Bitcoin maximalist who promised to dump over a million bitcoins if block sizes had been adjusted, supposedly drowned off the coast of Costa Rica on June twenty third. Confirmation of his passing has been scant, with shops initially reporting {that a} Polish nationwide had drowned.

A comparatively mysterious determine throughout the neighborhood, little is understood about Popescu other than his running a blog on Trilema, help for security-focused open-source tasks, and dedication to protecting the Bitcoin community unchanged regardless of requires greater block sizes.

After running a blog on cryptocurrency in its early years, he based bitcoin alternate Mpex in 2012, which later grew to become the goal of a US Securities and Exchange Commission (SEC) investigation. Satoshi DICE, a preferred playing web site that solely accepted bitcoin, was listed on Romanian-based Mpex by Eric Voorhees.

Eventually, the itemizing grew to become part of the SEC investigation after the providing was not accepted by the regulator. Voorhees was later fined and compelled to purchase again the shares that had been listed. During the scenario, Popescu was famed for trolling the SEC, going as far as to publish his correspondence with the enforcement staff in his Trilema weblog. His eccentricity was on full show as he got down to dismantle the SEC’s requests and lay naked the holes of their arguments for details about Mpex and shopper actions.

Despite the little identified about his personal {and professional} endeavors, Popescu’s dedication to open-source methods is well-known. After the open-source working system Open BSD, which has been round because the Nineties, bumped into funding points, Popescu donated $20,000 in 2014 to maintain the non-profit basis behind the software operating. Given the security-centric strategy of the OS and Popescu’s leanings, Mpex additionally employed the technology in its platform.

Mired in controversy for years, Popescu left behind many quotes and sayings, a few of which painted a reasonably detrimental picture of the person himself. Yet, none of his antics had been taken so severely as his promise to dump 1,000,000 bitcoins within the market if modifications had been made to Bitcoin block sizes (this reportedly occurred in 2016), incomes him the moniker “Father of Bitcoin Toxicity.” Eventually, Segwit2x, an initiative designed to double the block dimension to 2MB, was deserted and cemented the community’s use of the 1MB block dimension.

Despite by no means being confirmed, it was inferred that Popescu truly did command management over that huge swathe of 1,000,000 bitcoin, which, if true, made him seemingly the one bitcoin millionaire (proprietor of a couple of million cash). However, this determine was by no means confirmed. It did create considerations in mild of his alleged demise, although, that a million bitcoins may hit the market and trigger costs to careen decrease.

For now, the scenario stays shrouded in thriller amid the shortage of formal affirmation of his passing.

What do you suppose will occur with Mircea Popescu’s bitcoin fortune? Let us know within the feedback part under.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Wired

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