Topic: Original "Buy Bitcoin" sign for sale at an auction in a couple of days (Read 511 times)

He won't, because it will ruin his reputation.

If he want to make money using this same strategy, he either create a second design or promote other coins e.g. "Buy Ethereum", "Buy Doge" etc during The Fed live. Although, in most case, the second one worth less than the first one.

Filthy rich people are looking for popularity, power or something they like, they don't care about their money anymore since they can earn a lot without need to spend their time and effort.

We still don't know the real motive behind that act of buying a piece of paper for 16BTC, so don't rush to judge that they are wasting their money or spending it unwisely. Rich people always have reasons to spend money, they are not stupid enough to buy it just for entertainment or to receive ridicule from others. I can't imagine what he would do with that piece of paper, but I believe he definitely had some intention with it so he dared to spend a large amount of money to own it. We are people who have never owned a large amount of money and have never been in their position, so there is no need to rush to criticize what they are doing.

I would MAYBE spend a million Dollars on it if I had at least a Billion Dollars under my name.  But even then it would still be an insane waste of Money.

I will not be surprised if the guy decides to make about a hundred more signs and put them all up for auction again.  Now I REALLY wonder, what would of been the price of this piece of paper if it was the actual original, still attached to the note book?  Ten million?  A hundred?  This is crazy.

Those are people that have so much money they do not really know what to do with it anymore, and while at the time this moment became an icon and pretty much anyone that was part of the market found out about it, I will say that even if I had that amount of money, which I do not, I would never spend it this way, since that is an amount money you could use to have way more fun than just staring a piece of paper on your wall.

They already know.

The CIA knew about Bitcoin in 2011 because Gavin Andresen went there to have a talk about Bitcoin: https://bitcointalksearch.org/topic/gavin-will-visit-the-cia-6652

Still considered though, perhaps during that time only a small percentage has known Bitcoin, so having it in Congress and in front of TV? that is huge part of history already for us. We haven't seen that in any other crypto.

So this guy suddenly appears in his yellow pad with the "buy Bitcoin", and I think that time it already created some hype and we might say it contributed for Bitcoin to move forward, albeit it also attracted the attention of some US government agencies.

And we might put a face on the name,



https://twitter.com/PubKey_NYC/status/178327593205829635

So we might have a whale here. And I don't think that he had just 100 BTC in my opinion.

If I have to buy with 16 BTC I could have still at least 90% of my BTC, so most like this guy had like 150-200 BTC stash somewhere else.

We already have a winner, the guy spent 16 BTC just for this one legal pad. It's really crazy, the guy might have at least 100 BTC since 16 BTC is like nothing for him. Now I'm curious whether he want to sell this collectible in the future especially when Bitcoin market cap already beat gold market cap.

It's crazy how much money people pay for weird stuff like this that in reality have no value
It was cool and all what he did and even I wore this iconic picture as an avatar for a while but I wouldn't pay more than $10 for something like this...

P.S. I love how they're holding it up wearing gloves in the picture as if it is some ancient work of art that needs to be preserved LOL

Yeah there is always a chance that he just threw that piece of paper which was seen on TV in the garbage a few days after and then 7 years later had an idea that he can auction it off. So he just bought the same paper pad and same pen and write it out again. And there is no way to tell if its real or not unless somehow some expert can study the paper and see how old it can possibly be.

Its like buying a signed autograph of some celebrity, you need to get it certified because anyone can look at a signature and sign it themselves and make it seem like its authentic.

I can see how many can pass this thing and disregard it as it is not useful or interesting or worthwhile of money as anyone can get a paper and write ‘Buy Bitcoin’ on it.

But it holds a significant value at the time that it was written and showed to the world. Not much of the world were aware of cryptocurrency and bitcoin at the time so I can see how it can be attractive to hold a piece of paper that basically represents bitcoin’s history

There are only a few people bidding there. I personally can only recognize cryptograffiti.

He is a Bitcoin activist artist, and I stumbled upon his work some time ago. He has many great pieces of art that you can see in his website: https://cryptograffiti.com but I think these are the most relevant for this thread:




Although my favorite is probably Running Bitcoin, "signed" by Hal (it is his credit card): https://cryptograffiti.com/products/running-bitcoin

tdiggles is really obsessed to win the auction.

He looks like an OG and value his privacy, so he might be a honest bidder.

While the another person Tristan Lamonica who work on Parliament of Canada. There's a chance he know Christian Langalis personally because he live in neighbor country.

At first glance, it seems that there are people interested in this auction, because the current price for this "piece of paper" is over 0.5 BTC - now the only question is whether the bids are "honest" or "friends" pump up the price to give the whole thing importance

Yeah, it's a weird feeling in my mind.

On one hand it is the amazing dude that showed the sign and is now selling it, fair enough....

But...

It doesn't look right if he also posted a photo with the sign and an address talking about it...

I don't know, maybe you can make the paper nicer and "forget" the marks you can see before... sure.. but if he actually shows the sign outside of the board it would actually make me think better of it...

In a broader context, we can call that event a part of BTC history - because it's not just a piece of paper that says "Buy Bitcoin", it's the fact that a man wrote it and held it up in the middle of Congress while Janet Yellen (Secretary of the Treasury) was speaking. Considering their views on Bitcoin, it gives the whole thing some weight.

I still don't see how this is part of Bitcoin history. The guy shows the sign "buy Bitcoin" on live TV in just a few seconds.
It will go down in history only if someone pays an incredible amount for this.

As someone who has a habit of shoving papers down my bag, I would say that’s pretty impressive lol

but you could see that the paper below seems relatively new and void of any crumpled parts or just sign that it was used and stored for years now. If I had a picture that can prove that I was into bitcoin years back that would be priceless for me.

Anyway I personally do not understand the point of buying a yellow paper with a “Buy Bitcoin” written with a marker on it when I could do it myself despite any significance of the paper itself. But it would still be entertaining to see how high the price can get.

I would like to see how much people will be willing to bid for this collectible, starting from tomorrow. Some members have already shared their sentiments in this topic as to why they don't think people should pay too much for this, but you never know, for people who have a lot of money, they may not mind spending some of it on a piece of BTC's history.
The value in it is that it is a very popular story in the BTC community, there is a very high chance that anyone who joins the network now and in the future would read about what happened that day. So it is kind of a piece of BTC's history and people would want to have it, the only problem is the one being sold in this auction does not seem to be the original.

If you carefully read what I wrote, you will see that I only expressed myself sarcastically in relation to the policy of endless money printing - and in the link from the 2nd post of this topic, you can read what she was talking about in front of Congress when that sign appeared behind her.


Unfortunately, people (the majority) show that it is not important to them what will happen in 1, 10 or 20 years, but how they are today. Someone will have to pay all the debts that the system creates, and obviously we have no problem leaving that burden to our descendants.

Do you mean Janet Yellen? When did she say that printing money is the solution to financial crisis? By the way, it's sad but too many people lack the most basic financial education and think that printing money is all that's necessary for better life. People have this opinion when only one cell of brain barely works.

C'mon man, I hope this will not turn into another NFT and Ordinals bullshit.

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Is this man from Bitcointalk? From a quick thought, it looks like someone asked him to sing a message and he thought he had to write it down on paper and take a picture. By the way, why should someone buy this? It's from 2017, not from 2008 and there is nothing valuable here, it's just a paper where someone write something.

If the real version was auctioned, I don't think it was just the paper on which was written 'buy Bitcoin ' that was sold, but perhaps a printed copy or picture or meme of the original picture.
Whichever is easier to understand, the target market should be fine with the idea and pay as much as it costs just to help pass the message of investing in Bitcoin now.

The halving is a few days away, I wonder how many persons will want to spend much money now, when the results of the halving hasn't played out to get to a new ATH.

Wow. I actually remember the day that this happened. And if I recall correctly, if you followed his advice and bought bitcoin on that day, I think it was the last time bitcoin was at that price.

He became an icon after this event. He might of lost his position because of this stunt, according to a few press interviews he did shortly after. I find it crazy that he held on to that piece of paper for so long. I assumed it would of faded in color by now. Those types of notebooks dont hold up very well for long periods of time .

But I agree with the above poster, it was in the notebook and then he tore it out, and now its in the notebook again? Doesn't make sense.

I would guess that the best thing to do in this case would be ignoring these type of auctions because it is really not a good idea to keep promoting these things. If you pay a lot for this, then everyone will try to do it, and everyone will try to make money from it.

These type of things are the reason why things get out of hand. If this doesn't get paid a lot, then we are going to end up seeing nobody else do it, it wouldn't be worth it, but if someone pays a ton of money for this then we are going to start seeing a lot of people do the same thing and repeat it constantly as well. I think it would make more sense and that is why I believe that the best thing to do right now would be not even promote the news anywhere else and ignore it completely.

I wonder how much someone gonna spend to buy this remarkable collectible, I would bet someone might bid for 1 BTC because 1 BTC = 1 BTC.

Simple, it means the target market is not for you.

Anyway we shouldn't forget there was a duck taped banana that worth for $120,000, so it's not a joke.


https://www.nytimes.com/2019/12/06/style/art-basel-miami-beach.html

Because the real version is in real life stuff, while NFT is a fake and scam stuffs.

I don't know how they did it, but it doesn't seem to be the original anymore. It looks exactly like the original but, as pointed out, the original was already detached from the pad and was a bit crumpled. The one auctioned is still in the pad. Even the entire pad surprisingly looks new.

Anyway, this was indeed a piece of history. It deserves to be kept properly and safely. It somehow brings back the time when Bitcoin still struggled for recognition and acceptance. Today, just around 7 years later, the tide has already changed significantly, with the world's largest financial institutions already offering Bitcoin products.

Gonna need to agree with you at least on this one, well Bitcoin was not really a thing back then so small things like this are very significant, and the great story of it would probably going to make it collectible to some of the cryptocurrency collectors, I mean I didn't know much about it and I don't really think that it has huge impact overall to the Bitcoin but as long as someone is willing to pay for it, It would really matter there will be value on it and it is just going to depend on how much they are willing to pay for it.

I mean it is just similar to NFTs we see NFTs' market price skyrocket to even million of dollars, we just don't know if it gets the right marketing and exposure in the crypto space maybe it is going to have a huge market price as well just like NFTs, I still think that NFTs are a little different for sure compared to tangible assets like this, and personally I would think that it is going to reach a price like a trending NFT did because NFTs have its own market so if you want to dispose of it, you could always set a price on it, compared to tangible assets like this it would take a long time if you want to get rid of it just to sell it, like finding the right people something like that etc.

To be honest.  Considering it is NOT the original sign, I would not bid more than MAYBE a few hundred Dollars if I really had nothing to do with that amount of money.

But it is not the original.  Even if it was, it would of had much less value considering it is not even part of the note book any more.  If the guy wants some real money.  Then put that note book up for auction, if it even exists any more.

Otherwise it is like purchasing the copy of a painting at an auction.  Why spend a lot of money on a copy.  I do not see the potential or collectible value to be honest with you.  At that point I could work an upscale of the original art, stick it into a cool frame and put it on a wall.  My opinion however.

Yeah? If the man can give details on how he preserve such easy to tear paper, or maybe he really think this way before that such things will have the interest of others in the few years. So putting it on a  dust-proof frame will probably preserve the paper.

Edit: i thoroughly checked it but both paper were totally different. So i wonder how it will sells to collectors.

In London, at the British Museum, there is an exhibition about money and they mention Bitcoin: https://bitcointalksearch.org/topic/the-british-museum-has-some-bitcoin-items-on-display-5408766

Also, in Venezuela there is a Bitcoin Mining Museum: https://bitcointalksearch.org/topic/there-is-a-museum-of-bitcoin-mining-history-in-caracas-venezuela-5405204

There is another Bitcoin Mining museum as well, here are more details: https://bitcointalksearch.org/topic/meet-the-worlds-first-bitcoin-mining-museum-5410748

Unfortunately, Bitcoin is not a globally approved monetary asset just like every country have their own money design the way they want it. If Bitcoin is not ban in your country, it is banned in some countries and that's the reason why there can not be any Bitcoin museum now, maybe until Bitcoin becomes globally acceptedaccepted. Another way there can be a Bitcoin museum is if an NGO in country that Bitcoin is freely accepted will take it upon themselves to build it.

It's because it could be part of Bitcoin's history. So not sure if you really witnessed this guy or you are not but here is the video for you, https://www.youtube.com/watch?v=I7GdLQIChNA

And so this guy somewhat became (in)famous to us, to Bitcoin enthusiast and now going to auction that piece of paper.

@kryptqnick - it might be a good idea, but obviously this guy needs his BTC for that piece of memorabilia. 

I don't seem to understand why someone would auction a piece of paper image of Bitcoin and nothing else. Could this be a joke or one of those pranksters?

Well, whatever be the case, an NFT would have been more precise seeing that, if the auction actually did take place as said , it would have been a gathering in real life, but it isn't , but a meme. So why not NFT actually?

I mean it was interesting I could see it has a great story overall but maybe would be better if sold on something like an NFT, Curious to see how the bidding is going to start since this is just a piece of paper, probably as long as they market it well it might get a high value when the auction starts because if there are only a few people know about the auction so there are low chance that people are going to buy it, it is just a piece of paper so maybe there was no some kind of guaranteed value here unlike NFTs where you could easily resell your NFTs on the market, this one is a tangible item and could easily be fake, its 7 years its difficult to believe that that paper was still on good condition like on the photos, it could easily be fake that could result to no value at all since you could just create something similar to it. Let's see how it is going to end up, I could easily see people here in the forum getting interested for collectors, small bids are surely going to happened.


I mean maybe but thinking of it there weren't really a lot of tangible things that could be linked to the history of Bitcoin or cryptocurrency since it's digital technology most of them are just nontangible things like NFTs. Maybe something like that first Bitcoin every mine right that could totally be a huge thing or could sell at a higher market price if we could identify that thing but it just wasn't made that way.

I think signs like this are best places at museums. I tried to google crypto museums and Bitcoin museums and couldn't unfortunately find any that are offline, so maybe it's something for the future. But there are museums of money, and it's about time for them to have something Bitcoin-related because Bitcoin is a part of the history of money.
The sign doesn't have bids yet, but the auction hasn't started. I wonder how much it'll cost the winner.

Who would forget that event considering that he obviously pissed off aunt Yellen while she was talking about how printing money is the solution to the financial crisis or whatever she was already talking about. I even had that picture as my avatar for a while

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It doesn't seem to me that the original is identical to what is being sold at the auction. Even then, the original paper was apparently in bad condition (somewhat crumpled), and this current one looks brand new without any signs of use. If I had something like that, I would probably keep it for myself and put it on the wall - but obviously it doesn't go very well for a man if he decides to do something like this.

One thing that I just noticed is that as you can see on this photo, the page seems to have been removed from the pad:



But in the bid it looks like the original, attached to the pad:



It can be that the page was simply put on top of the pad to make it look more like the original.

Its an opportunity if we can give it the necessary risk required to make an investment and hold, many people of these category found to be early investors never know bitcoin could get to this far, they invested and hold hoping for a better days ahead, same can still repeated itself today, if we all can invest and in the possible near future to come, we found that bitcoin has valued more than what we expect.

How did the man keep that paper since 2017 and did not throw it away shortly after that?

If he kept it over years, 7 years already, he deserves to any money he get from this auction and this will go to Bitcoin history too. It's not only contributed by this man but after many years, we have supporters in the US. Congress and we are going towards era that we no longer have to fear that Bitcoin will be banned in the USA.

It's a big milestone for Bitcoin and Bitcoin strong adoption nowadays started from somewhere in the past. "Buy Bitcoin" moment is one of impressive moments.

Crazy how time flies. 2017 feels like just yesterdays, but it was 7 years ago, and I think this was the time Bitcoin had not yet hit $3K!

I read this and laughed
Bitcoin has been getting free ads from mainstream media for over a decade, though they thought they were FUDing it. I also wonder what happened to the “bubble territory” Perhaps it has now shifted 
I think a bitcoiner is going to try to win the bid. Perhaps some early whale. It would be interesting to see how it goes.

Auction Start: Thursday, April 18, 12 pm ET (16:00 UTC)

Auction End: Wednesday, April 24, 7 pm ET (23:00 UTC)

Auction link: https://scarce.city/auctions/buy-bitcoin