Writing as LacedWithKerosene, Mitsubishi Goldstein’s final post on BitcoinTalk.org (August 9, 2011) was anything but disappointing—laying out a blueprint for Bitcoin’s future disguised as a casual scrapbook idea. Remarkably, 14 years later, nearly everything he envisioned has come true.

Back in 2011, people were spending 6 BTC on Bitcoin t-shirts designed by Mitsubishi himself.

LOLCOIN wasn’t just the first memecoin — it was a marketing plan for Bitcoin. Writing as lacedwithkerosene, Mitsubishi delivered a hard-hitting call for the Bitcoin community to step up and attract attention, and LOLCOIN emerged as one of his clever strategies toward that goal.

In the months after Bitcoin’s creator slipped into silence, another pseudonym took the stage: Mitsubishi Goldstein — a name as eccentric and theatrical as Satoshi Nakamoto’s own. Operating behind this mask, and others such as Laced With Kerosene and Ogashi Tukafoto, Goldstein unleashed a stream of satire, essays, and parodies that blurred the boundary between humor and foresight. He launched parody sites, authored intricate mining guides, and even conceived LOLCOIN in 2011—arguably the first memecoin, predating Dogecoin by two years. His creations often proved prophetic, foreshadowing exchange collapses, meme wars, lost fortunes, and the rise of tokenized absurdity itself. Fourteen years later, Goldstein endures as crypto’s prankster-prophet and digital ghost — every bit as enigmatic, and perhaps as influential, as Satoshi.

Mitsubishi had quite the sense of humor —mocking early Bitcoin mining with satirical posts, yet behind the jokes, he created some of the most helpful BTC mining guides for the community.

A trail of memes, mining rigs, and one silent wallet holding 3,100 BTC ($350M+) untouched for 14 years.

Mitsubishi Goldstein’s first post from the original LOLCOIN Twitter account (@lol_coin) went up on July 12, 2011— and the entire timeline of tweets is still visible today.

Fourteen years ago, Mitsubishi Goldstein (posting as “lolcoin”) dismounted a virtual alpaca to deliver a rousing speech to just 5,000 readers of r/Bitcoin. Today, that same subreddit boasts 7.9 million subscribers.

Satirical genius. Writing under the alias “Ogashi Tukafoto,” Mitsubishi Goldstein delivers a prophetic yet playful dive into Bitcoin mining, framing the craze as a chaotic mix of gold rush, geek comedy, and digital Beanie Baby mania—complete with overheated rigs, hacked wallets, and miner mishaps.

First registered in 2010, the original LOLCOIN website was lolcoin.com. This website site is preserved today with webarchive.org. The website was mysteriously taken over by a US governmental agency in 2012.

Everyone talks about Saylor, Andreas, or even Davinci’s $1 call — but the first true Bitcoin influencer was none of them. It was BitcoinPoet, who, the deeper you dig, appears directly tied to Mitsubishi Goldstein (MG), the creator of LOLCOIN.

Prophecy fulfilled. On July 13, 2011, Mitsubishi Goldstein set a goal of reaching 100 Twitter followers before he would “generate” LOLCOIN as a functioning cryptocurrency—but when the goal wasn’t met, he disappeared. Fourteen years later, in June 2025, the @lol_coin account finally crossed 100 followers, and LOLCOIN was minted on Solana, just as promised.