Meet the Man Traveling the World on $25M of Bitcoin Profits
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Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#2>Mr. Smith—who asked me to conceal his real name
Thank goodness, since being identified is basically asking to be kidnapped depending on which countries he is visiting.
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#3I had a couple thousand Bitcoin once, but then I bought a lot of drugs :(
I calculate how much it would have been worth every once and a while -- obviously it's been 1+ million USD for a while now. Alas, I actually need to work to get money.
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#4Isn't Satoshi probably a billionaire?
Now THAT is an interesting story. The guy must go through the struggle of fighting against cashing in every single day. Fun to ponder.
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#5I had a couple thousand Bitcoin once, but then I bought a lot of drugs :( I calculate how much it would have been worth every once and a while -- obviously it's been 1+ million USD for a while now. Alas, I actually need to work to get money.
2,000 BTC would be $5.1M
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#6Math guy explains bitcoin: https://youtu.be/bBC-nXj3Ng4
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#7Tldr: bought bitcoin in 2010 and got lucky sitting on it
I find these story of stories silly but also indicative of the market. We are in a crytpocurrency mania and these read like the "Meet the 25 year old dot com millionaire who bought stock in valinux/webvan/pets.com/etc!" from 1998 that dragged even more nontechnical people into the manic runup then.
All I know is people that I'd never expect to know what bitcoin is are suddenly talking about it. What's that tell you?
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#8Isn't Satoshi probably a billionaire? Now THAT is an interesting story. The guy must go through the struggle of fighting against cashing in every single day. Fun to ponder.
Yes, but thanks to the "feature" of a wallet if he ever lost his computer without a backup that money is effectively gone.
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#9Tldr: bought bitcoin in 2010 and got lucky sitting on it I find these story of stories silly but also indicative of the market. We are in a crytpocurrency mania and these read like the "Meet the 25 year old dot com millionaire who bought stock in valinux/webvan/pets.com/etc!" from 1998 that dragged even more nontechnical people into the manic runup then. All I know is people that I'd never expect to know what bitcoin…
"What's that tell you?"
It's about to go mainstream.
Re: Meet the Man Traveling the World on $25M of Bitcoin Profits
#10I sold a domain back in 2011 where the buyer offered to pay via Bitcoin. It was a decent sized transaction. I don't remember the exact exchange rate but it would have likely been upwards of 1,000 BTC.
I took cash instead.
I still look back on that and think "what if?"