Nice find. At current prices, first place earned about $4.5 million dollars, and at peak prices back in December the first prize was worth about $11.4 million. This means that this tiny 4 player bitcoin poker tournament had more prize money than the World Series of Poker (first prize this year of $8.8 million).
Thank you for that info - that is awesome. I knew there would be someone who could put it into perspective.
This is a great quote:
"this tiny 4 player bitcoin poker tournament had more prize money than the World Series of Poker (first prize this year of $8.8 million)."Well, with only 4 people joining the tournament it's understandable why it's been forgotten.
The big question I have is how the pot was funded with 1,200BTC when only 4 players bought into the tournament. The buy in was listed at 55BTC...so where did the extra ~1000BTC come from to fund the payouts?
I suspect shenanigans.
BitcoinFX provided the extra 1000 BTC - worth at the time very little.
Don't forget that in the early days there were only a few "regulars" in the bitcoin community.
dwdollar is user 24, BitcoinFX user 30, DannyM user 51 and Theymos user 35 is the forum administrator.because people treated it like a "bottletop" game,,
like hal accepting the first ever tx from satoshi..
after hal-satoshi tx .. no tx/games/bottletop swaps seemed as important..
but then.. a real deal for real pizza .. that reset the bar to a higher milestone of importance than hals tx from satoshi
after all, you remember your first love/sexual experience.. but after a few meaningless bodily fluid exchanges.. you dont realy treat a meaningless game of strip poker with a pole dancer as something special
and these days.. its bettr to spend time walking into retailers in your town and get them to adopt bitcoin.. rather than find historic events to hope you can energise adoption with stories of the good old days
I've done the same with some later cryptos. Treated them like bottletops. Tipping then like chocolate sprinkles, playing bingo with them and using huge amounts of them to buy trivial things - only for
some of them to have some serious value years later. Nothing like bitcoin. But it was fun at the time and have no regrets about it. If it hadn't happened it would have no value now. From that perspective - it is super cool to see it done with bitcoin. Predecessor to all the alt coins - sometimes the history repeats itself. (Not every altcoin will turn to gold - most of them will fail - most alt coins and ICOs are a ploy to exchange your bitcoin for that "magic fair dust" straight from the vacuum cleaner bag)
Talking to the local bitcoin exchanger. He was telling me that he mined bitcoin when they were around $5 and was overjoyed when they hit $20 and sold them for a quick profit. Those with little faith sold them for a quick buck and those with faith would have still traded them but kept some of them.
There are a number of events that are programmed into the media psyche. There have been far more interesting events that took place. This is one of the ones that stood out when I was documenting some of them.
hereWhile I agree that getting your local retailers to accept bitcoin would be practical and productive. I believe that documenting history is important. Assembling stories, legends and timelines while the memory is still fresh and those that lived it and experienced it still can tell the stories.
