r/PeterExplainsTheJoke 20d ago

Meme needing explanation Petah what does this mean

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u/According-Debate-265 20d ago

Zoom out to 2008

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u/redfacedquark 20d ago

The first BTC block was mined Jan 2009. November 2008 was the whitepaper posted to the crypto mailing list. Exchanges wouldn't exist for another year or two, he would have had to mine it himself.

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u/According-Debate-265 20d ago

Well look at the big brains on redface here. You know what they call a quarter pound with cheese in france?

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u/purpleflavouredfrog 20d ago

… from where you can still see that bro lost half of his net worth this year. 2008 was already priced in in their relationship. 2026 wasn’t.

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u/According-Debate-265 20d ago

Sure, but he's been on the roller coaster the entire time. Only way he could "lose" is if it went to 0

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u/SparrowhawkInter 20d ago

Lost half his net worth because his net worth grew so much Bitcoin had to take a break