Topic: [2017-06-19] Australian Tells Story of Throwing Away Hard Drive With 1400 Bitc. (Read 2744 times)
June 19, 2017, 10:25:00 PM
Lol... forget about 2010. Even in 2013, when I first started collecting bitcoins, I never thought that the prices will go up like crazy. Back then, I purchased them just because I was interested in the concept of crypto-currency. I never expected it to give me profits.
June 19, 2017, 09:41:49 PM
The key here is ‘threw away because he thought they were worthless’. And they almost were, then. There are tons of stories of people who could have been rich, BUT not only do they have to keep up with their coins, they have to resist the MULTIPLE temptations to sell at a much higher profit in order to be as wealthy as they would today.
June 19, 2017, 08:51:34 AM
Sydney-based technology journalist Campbell Simpson details his story of throwing away a hard drive containing 1400 bitcoin 5 years ago
“I Paypal’d Some Random Stranger From the Other Side of the World a Few US Dollars for a Digital Transaction of an Effectively Worthless Faux-Currency”
In 2010 Campbell spent $25 purchasing tokens distributed by a then obscure, unknown, and predominantly academic project called bitcoin. In exchange for this apparently foolhardy decision, Campbell was sent 1400 bitcoins.
Australian Tells Story of Throwing Away Hard Drive Hosting 1400 Bitcoins
“To be honest, the details are a bit foggy these days” states Campbell. “I Paypal’d some random stranger from the other side of the world a few US dollars for a digital transaction of an effectively worthless faux-currency.”
During 2010 bitcoin to fiat trade was virtually nonexistent. The majority of the bitcoin community were miners, mostly tech nerds or academics were involved in the project for reasons of curiosity. Campbell’s interest was sparked after reading an article about bitcoin – prompting him to purchase the nascent cryptocurrency simply to understand it better.
Approximately one year later Campbell was moving house and decided to use the opportunity to “clean up some of the accumulated tech detritus that comes with being a technology journalist. USB sticks, 3D glasses, USB cables, PC components. All that sort of literal junk. A pile of junk that went into a skip.”
Continue reading
https://news.bitcoin.com/australian-tells-story-of-throwing-away-hard-drive-hosting-1400-bitcoins/
“I Paypal’d Some Random Stranger From the Other Side of the World a Few US Dollars for a Digital Transaction of an Effectively Worthless Faux-Currency”
In 2010 Campbell spent $25 purchasing tokens distributed by a then obscure, unknown, and predominantly academic project called bitcoin. In exchange for this apparently foolhardy decision, Campbell was sent 1400 bitcoins.
Australian Tells Story of Throwing Away Hard Drive Hosting 1400 Bitcoins
“To be honest, the details are a bit foggy these days” states Campbell. “I Paypal’d some random stranger from the other side of the world a few US dollars for a digital transaction of an effectively worthless faux-currency.”
During 2010 bitcoin to fiat trade was virtually nonexistent. The majority of the bitcoin community were miners, mostly tech nerds or academics were involved in the project for reasons of curiosity. Campbell’s interest was sparked after reading an article about bitcoin – prompting him to purchase the nascent cryptocurrency simply to understand it better.
Approximately one year later Campbell was moving house and decided to use the opportunity to “clean up some of the accumulated tech detritus that comes with being a technology journalist. USB sticks, 3D glasses, USB cables, PC components. All that sort of literal junk. A pile of junk that went into a skip.”
Continue reading
https://news.bitcoin.com/australian-tells-story-of-throwing-away-hard-drive-hosting-1400-bitcoins/
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