Is there a joke here Iโ€™m missing orโ€ฆ? Make this make sense.

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Shitpost

Thank you. ๐Ÿ˜… Context?

Just have to assume theyโ€™re shitposting. Only thing that makes sense.

This company has been around for many years?

Bitcoin didnโ€™t exist in 1996 so mining it then is miraculous ๐Ÿ˜… Thereโ€™s got to be a joke here Iโ€™m missing

They were an IT company that changed direction recently.

If thatโ€™s the whole story that tweet should be reworded, more likely itโ€™s a shitpost Iโ€™m not getting ๐Ÿ˜…

Whaaaaaaaaaaaaaaaat.....

Yes it's Steve. It's just shit talk lol.

Conclusion, Terawulf is Satoshi and pre-mined the genesis block in 1996. then launched the chain in 2009 which timestamped the block. I'm not even going to comment on the comment you got. The "bitcoin tech" in it's form exists since the genesis block, period. Zabo's Bitgold paper was the closest to BTC and he blogged about it long before the BTC paper dropped but "Bitcoin technology" - genesis block.

It's like saying the FED invented money.

The bitcoin blockchain started in 2009 so this company obv wasnโ€™t mining it in 1996. However the research into electronic currency began long before 2009.

Yes oc. electronic forms of payment were being played with much earlier. David Chaum's ecash for example. But none of them caught on until Satoshi solved that General dudes problem. Thus NOBODY used the "Bitcoin technology" before 2009. Not in this form.๐Ÿ˜‰

We agree ๐Ÿซก๐Ÿ˜‚

Glad we do. Sometimes I explain myself in weird ways... it's the language thing ๐Ÿ˜‰

I only speak one language so good for you! ?cid=2154d3d7ljpykpcn250bxbiijlnmyui8wo2ab75rvbwwp2cn&rid=giphy.gif&ct=g

Thanks! Can I leave this here for anyone else who wants to dive into the history of cryptocurrencies? It's a great read! https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

๐Ÿค˜

The company probably did something else 20 years ago

https://www.wsj.com/market-data/quotes/WULF/company-people

Cool, they havenโ€™t been mining bitcoin since 1996. This has to be a shitpost as some others have commented. Nothing else makes sense ๐Ÿ˜…

Their website is currently all about BTC but their stock history goes way back so they must have changed direction at some point. https://www.terawulf.com/

There are many companies who did something else before and switched to btc.

Sure but saying they mined something that didnโ€™t exist since the dawn of the company still doesnโ€™t track

Haha no yeah heโ€™s just joking Iโ€™m sure. I get that kind of dry humor vibe from him outside of this post. Just riffing on the fact that if someone has only heard of them as a public mining company, and then checks their stock history for all time they will experience that moment of expectations being unmatched with reality that is the heart of humor. This one is a bit too contrived to be very funny imo :)

Giving grace to the fact that Iโ€™m not going to get every joke Iโ€™m happy with โ€œshitpostโ€ since that seems to be the consensus here ๐Ÿ˜…๐Ÿค˜

Charts lie

They can but my confusion wasnโ€™t because of the chart ๐Ÿ˜‰

The chart was part of the shitpost, and so I was shitposting about the shitpost

itโ€™s shitpost all the way down

I need more coffee ?cid=2154d3d72so14ey7c7h7jwvj4rbw88wsw4awrqd15juv9uvv&rid=giphy.gif&ct=g