Remember when the USA sold 50,000 BTC to Tim Draper at $350? ðĪŠ
nostr:note1sucs7x2pd72x5p5xe7u0tgg72an9pfukphxdx34gklqdwvc2ly8srkut5a
Discussion
^30,000
What does this comment mean?
In mid-2014, the U.S. Marshals Service auctioned 30,000 bitcoins that formerly belonged to Ulbricht. Tim Draper was one of 45 people bidding on the confiscated bitcoin during the 12-hour auction. The bitcoins were auctioned off in nine blocks of 3,000 bitcoins and one block of 2,657 bitcoins. Draper was the ultimate winner of all ten blocks of the auction. In total, he paid $19 million for 29,657 bitcoins.
Ah, I think you remembered it better than I did. The following auction was for 48K bitcoin won by Bitcoin Investment Trust, but Draper also managed to pick up another 2K BTC then.
Well anyway, that's a lotta corn. ð―
I had no idea who Draper was until I saw your note. I did a little bit of searching because you made me curious. I'm not an OG. ðĪ
Remember when you could just mine 50 of them from a laptop in 10 minutes?
Nope, big sad.
Thank you nostr:npub1hl0zy55rxqwd7anvf9nh9ms78kryee4zkf32nfwglgc5gmrm3hpqmslhas for correcting me, it was closer to 32,000, not 50,000 BTC that Draper bought from the U.S. Marshals in 2014.
That would also mean the price was closer to $600 per coin, since it was earlier in the year before the market bottomed out.
You and Pepperidge Farm remember.
nostr:note1ludct2nh4vxlt90uvzd0f64l3q4020lu2jkjd7q4mc49uuerdxhqwyc3av
Remember when Lazslo... Nevermind, it's beauty of free market