Do you Have Any Bitcoin Stories from a Decade Ago? - page 2.

Yaunfitda

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Quote from: retreat on July 07, 2023, 10:26:58 AM

I saw something interesting from this bitcoinblogger.com author. He seems to be able to predict the future and is very confident that Bitcoin will rise and become a digital currency that can rival The FED. His posts are also quite interesting to read, because he truly believes that Bitcoin will be popular in the future and there will be many people using it in the future.
I wonder where he was after his last post. Is he still holding on? or is he currently enjoying the results of his initial investment? but wherever he is, what he writes and his views on Bitcoin can be a motivation in the future for us to continue to believe in Bitcoin.

Is this the time traveller story?

If I'm not mistaken, there was this story here, I am a time-traveler from the future, here to beg you to stop what you are doing..

But as far as stories here in the community, yeah, this is the only one and still surviving and for sure there are a lot of OG who are still here after so many years. It's just you have to dig deeper and look for it.

EFS

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I have plenty of stories from a decade ago, just like most of the Legendary users here. None of them can be like the first transaction that Lazslo did or other big stories. They shaped history, touched the lives of many people. Now those stories have become the property of the society, they have a place beyond individual memories. Some new members have a hard time realizing how valuable they are. I'm pretty sure if you spend more time here, these legendary stories will start to interest you more.

lassdas

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Quote from: Wimex on July 07, 2023, 05:21:52 PM

...in 2009 he always talked about a bitcoin faucet,
...it turns out that this individual accumulated 11 bitcoins
..invested large amounts of his life time

This story doesn't really add up.

The first bitcoin faucet was created by Gavin Andresen and he discovered bitcoin in 2010.
Anyone visiting/using that faucet got 5BTC (at least in its early days, later the amount was reduced I think),
for doing nothing but giving the faucet his/her btc-address (it wasn't an ad-infested faucet like those today).

So I really have to wonder, how your friend accumulated (only) 11 BTC investing large amounts of his life time.

If it happened years later then it might add up, but not in 2010 and even less in 2009.

Wimex

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The story of the pizza is a classic of the life of Bitcoin, I will tell you a rather unfortunate story, it is from a friend, the first one who knew about BItcoin before me, in 2009 he always talked about a bitcoin faucet, he commented that even if it were little, in the future it would be very valuable (actually it happened)…. But it happens and it turns out that this individual accumulated 11 bitcoins and for 2017-2018 it was a large amount of money, but life itself is uncertain and a tragedy occurred... the flash drive where my friend had the private keys was damaged, I tried to shave it but it didn't work .. I try to find some other way to enter his wallet .. but nothing, this person invested large amounts of his life time to get those 11 BTC. In today's sun it could be an incredibly millionaire person but the reality is another... A true story to reflect on

The Cryptovator

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haven't come across any significant stories, but I sympathize with those who spent a substantial amount of Bitcoin on goods when its value was low. At the time, nobody could have anticipated Bitcoin's current position. Otherwise, they would not have spent such a large amount of Bitcoin, such as buying pizza. However, it's important to note that they were not foolish, as they were early adopters of Bitcoin before it gained widespread recognition. They simply couldn't envision its future price. We should learn from their experience and take away a valuable lesson.

BitcoinPanther

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Quote from: Cricktor on July 07, 2023, 01:18:44 PM

Quote from: BIT-BENDER on July 07, 2023, 12:34:20 PM

Why do you think the guy is a looser, who gave Bitcoin a value back in times when it still didn't have some "official" value. AFAIR the guy who offered 10k BTC for two pizzas had a lot more of Bitcoins because IIRC he programmed one of the first GPU miners (not exactly sure about that). For him it was a fair price for what he ordered. He had the balls to give Bitcoin a first value and challenge a trade.

Yes, we tend to look at it from today's perspective with current rates, but this is kind of stupid as it doesn't have anything to do with the reality back then when some bitcoin-rich guy craved for two pizzas. Totally bonkers to calculate how many hundred millions in fiat the price for two pizzas is today that was paid when Bitcoin had not yet a price.

I highly agree in fact it was a winning moment for the guy with Bitcoin because he is able to produce two pizza in a seemingly worthless virtual coins during those times. So yeah it really does not make sense to calculate and apply the recent value of Bitcoin today then integrate the thought of how much the Bitcoin owner has paid on the event that happen ways back years ago.

Ale88

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Quote from: BIT-BENDER on July 07, 2023, 12:34:20 PM

Well one of the story is about an individual who sold his Bitcoin of 10k to someone for a pizza, he is the loser here

You really have no idea what Laszlo did, don't you? He is the guy who exchanged something completely virtual (bitcoin) for something physical (pizza), for the first time ever. That is a game changer. Laszlo will always be part of bitcoin's history and you are here criticizing and making fun of him just because today's bitcoin value is way way higher than 10-12 years ago. So where were you when Laszlo could afford to spend 10k bitcoin for a couple of pizzas? Were you already holding tens of thousands of bitcoins?

yhiaali3

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Perhaps you can add to these stories the story of the British young man named James Howells, who was storing Bitcoin on a hard disk, then forgot about it and threw it in the trash.

This guy accidentally dumped about 8000 bitcoins in mid-2013, worth about 225$ million today. After that, the price of Bitcoin rose, and he searched through tons of garbage, but unfortunately, he found nothing. Although he did put together an $11 million plan to get it back.

https://www.businessinsider.com/james-howells-threw-away-bitcoin-dump-masterplan-get-back-2022-7

coolcoinz

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Merit: 1192

I have a story to tell you, even more than one. I know a guy who was mining bitcoin in 2012. He was an IT guy who managed the server room in the company that I worked for. He'd sneaked a whole PC into the server room and connected it to the outlet there and he'd leave it there running 24/7. One time I went there and thought he was doing some diagnostics on that PC and asked him why doesn't he use his business PC to do that and he had a story that he has a lot of his own licensed software there that he uses to build websites and stuff and his soft is better than the one the company has licenses for. A year later he finally told some other employee that he was mining bitcoin and it was all just a story. They never fired him for it or anything like that but he never made a lot of money either because he was selling these coins every year. He eventually had 0 bitcoins by the end of 2013 when it went to 1k.

So, he in a way knew what to do, was given huge opportunity and wasted it. He did not recognize the true value in bitcoin until it was too late.

livingfree

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I don't know much and even myself, it's the same regret of not buying on those earliest times not because I am not a believer but because of financial constraints.

Maybe even if I am able during tha time, I'd still won't buy because I am not a risk taker and won't get into it because people and investors during those times weren't that much.

It's nostalgic to see stories like this and I am sure everybody heard of the guy that has dumped his hard drive and is still looking on it on the dumpsite because that hdd of his contains his bitcoins that was acquired earlier.

bitzizzix

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Quote from: Hatchy on July 07, 2023, 01:48:52 PM

Quote from: bittraffic link=topic=5458981.msg62516860#msg62516860

1st place: $500
2nd place: $250
3rd place: 150
4th: 100
5th: 25BTC

I know it will not happen anymore but if they organize a tournament again, participants might likely want BTC for the champ.

Lol,

if this were to happen now, I would probably make sure I hit the 5th position, like who gives a Dem about 500$ for 1st position.

Well this really shows how people devalued Bitcoin back then and saw no future for it. Imagine the person who got the 5th position, must have hated him self. He probably would have sold the 25 btc or rather gave it out to someone as free gift.

Because back then it was very easy to earn more than 1 BTC and no one probably thought that the bitcoin price would go up, and as we all know the bitcoin price has been steadily increasing for the last decade.
and of course those who had a lot of bitcoins at that time felt very devastated when they saw the current bitcoin price or after reaching the highest ATH yesterday, but that is all in the past and will be a lesson. And I'm very grateful because some of my friends brought me to this industry and this forum and many happy stories and also very valuable lessons that I got while knowing bitcoin and also this forum.

bittraffic

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Quote from: Eternad on July 07, 2023, 02:00:01 PM

I believe the Story of Taihuttu Family is most iconic story for me because this happened when I'm new in the Bitcointalk forum and many believe that time that he is crazy because he sold everything for Bitcoin and let his family live on a very simple environment. Their sacrifice that time is already worth it now since they do that crazy investment gamble when Bitcoin is 900$. I think they are so rich now since they still hold their asset the last time they made interview last 2021.

Source: https://www.thenationalnews.com/business/money/2021/08/17/this-family-sold-everything-they-owned-to-invest-in-bitcoin-when-it-was-900/

Also remember the story I'm already here when the news about them came out. I think he knew exactly what he is doing and most probably he trusted someone who he took advice from. Getting all in BTC though is very risky but they did it and live in a bus after it. Not sure how things are after every bear market, I only hear some news about the family every bull run.

Hope they stay safe all the time. They are popular and if someone with intentions to rob them, it could be impossible to be vigilant all the time.

Eternad

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I believe the Story of Taihuttu Family is most iconic story for me because this happened when I'm new in the Bitcointalk forum and many believe that time that he is crazy because he sold everything for Bitcoin and let his family live on a very simple environment. Their sacrifice that time is already worth it now since they do that crazy investment gamble when Bitcoin is 900$. I think they are so rich now since they still hold their asset the last time they made interview last 2021.

Source: https://www.thenationalnews.com/business/money/2021/08/17/this-family-sold-everything-they-owned-to-invest-in-bitcoin-when-it-was-900/

Hatchy

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Quote from: bittraffic link=topic=5458981.msg62516860#msg62516860

1st place: $500
2nd place: $250
3rd place: 150
4th: 100
5th: 25BTC

I know it will not happen anymore but if they organize a tournament again, participants might likely want BTC for the champ.

Lol,

if this were to happen now, I would probably make sure I hit the 5th position, like who gives a Dem about 500$ for 1st position.

Well this really shows how people devalued Bitcoin back then and saw no future for it. Imagine the person who got the 5th position, must have hated him self. He probably would have sold the 25 btc or rather gave it out to someone as free gift.

bittraffic

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Quote from: Cricktor on July 07, 2023, 01:18:44 PM

Quote from: BIT-BENDER on July 07, 2023, 12:34:20 PM

Why do you think the guy is a looser, who gave Bitcoin a value back in times when it still didn't have some "official" value. AFAIR the guy who offered 10k BTC for two pizzas had a lot more of Bitcoins because IIRC he programmed one of the first GPU miners (not exactly sure about that). For him it was a fair price for what he ordered. He had the balls to give Bitcoin a first value and challenge a trade.

Yes, we tend to look at it from today's perspective with current rates, but this is kind of stupid as it doesn't have anything to do with the reality back then when some bitcoin-rich guy craved for two pizzas. Totally bonkers to calculate how many hundred millions in fiat the price for two pizzas is today that was paid when Bitcoin had not yet a price.

It's just a Bitcoin story from a decade ago. It's something that those rich Bitcoin holders get to look back at. Not sure if they would regret it because they probably have more than 10K BTC as well.

One story that is funny in a way was the StarCraft gaming tournament that took place a decade ago also and the prizes to win are:

1st place: $500
2nd place: $250
3rd place: 150
4th: 100
5th: 25BTC

I know it will not happen anymore but if they organize a tournament again, participants might likely want BTC for the champ.

Cricktor

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Quote from: BIT-BENDER on July 07, 2023, 12:34:20 PM

Why do you think the guy is a looser, who gave Bitcoin a value back in times when it still didn't have some "official" value. AFAIR the guy who offered 10k BTC for two pizzas had a lot more of Bitcoins because IIRC he programmed one of the first GPU miners (not exactly sure about that). For him it was a fair price for what he ordered. He had the balls to give Bitcoin a first value and challenge a trade.

Yes, we tend to look at it from today's perspective with current rates, but this is kind of stupid as it doesn't have anything to do with the reality back then when some bitcoin-rich guy craved for two pizzas. Totally bonkers to calculate how many hundred millions in fiat the price for two pizzas is today that was paid when Bitcoin had not yet a price.

Cantsay

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Quote from: alastantiger on July 07, 2023, 09:41:35 AM

While one person paid 10,000 bitcoins (BTC) for two Papa John's pizzas another was paid 32 bitcoins to dress up in a crazy outfit and hold a sign that reads, "STOP THE FED! USE @BITCOINS!!!"

I'm not sure if I've ever heard the other guy's story before and we all know about lazlos Bitcoin - Pizza exchange here in Bitcoin.

I have read several stories about Bitcoin and people how they got into Bitcoin at he early days, bought some and forgot about it or bough some Bitcoin and lost access to their private key and after some years they found the key in an unexpected place. While some heard about Bitcoin but turned a deaf ear to it and after the price of Bitcoin skyrocketed they all started to regret their decision and hope that same opportunity present itself to them someday.

Those are the only type of story I have read about and it's still popular among bitcointalkers, especially the aspect of not buying earlier than we did.

BIT-BENDER

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Well one of the story is about an individual who sold his Bitcoin of 10k to someone for a pizza, he is the loser here, he has accepted it going by his attitude during some of the Interview he has had.

While the other story is about some one who at a long time ago believed in Bitcoin or surrounded by people who believed in Bitcoin and chances are he owns a good number of Bitcoin, and if he still does I would understand for him to remain anonymous he won't want to entertain any unnecessary familiarity by granting interview request.

Ultegra134

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Quote from: coupable on July 07, 2023, 12:07:44 PM

I do not know if I can be considered one of the first enthusiasts of Bitcoin, since I have known it since 2014, and since that time I have been supporting it. I did not have funny stories when dealing with crypto in general, except that the price always went up a lot immediately after I sold my bitcoin savings. Cheesy

But I remember that I was surprised that some of my friends knew about Bitcoin before me, including those who used it, but they did not continue their support for it, nor did they share this new knowledge with anyone. Some of them regretted that and admitted that they did not imagine that the situation would reach the way it is today.

So do I. I've been here since 2014 and had very limited to zero knowledge regarding cryptocurrencies; my only exposure was through faucets, from which I acquired my first Bitcoin. Some of which were in my possession until a few years ago, when they were sold during COVID-19 quarantine and repurposed to be used for staking purposes, which was extremely popular and profitable during that period. I'm not sure if I regret repurposing that money because Bitcoin skyrocketed a few months later, but generally, I find it almost impossible to hold for such extended periods; eventually, you'll be tempted to sell.

The ideal would be to have bought Bitcoin in 2014. The amount of BTC I had in my possession was too small to make a huge difference now, so holding it until now wouldn't matter too much.

coupable

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I do not know if I can be considered one of the first enthusiasts of Bitcoin, since I have known it since 2014, and since that time I have been supporting it. I did not have funny stories when dealing with crypto in general, except that the price always went up a lot immediately after I sold my bitcoin savings. Cheesy

But I remember that I was surprised that some of my friends knew about Bitcoin before me, including those who used it, but they did not continue their support for it, nor did they share this new knowledge with anyone. Some of them regretted that and admitted that they did not imagine that the situation would reach the way it is today.

Topic: Do you Have Any Bitcoin Stories from a Decade Ago? - page 2. (Read 362 times)