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Surprising Bitcoin Stories you may not have heard before

Jan 23, 2018 Posted /  2920 Views

Surprising Bitcoin Stories you may not have heard before

Every day we are talking about the ups and downs of Bitcoin and what if the bubble bursts. All these information and news about bitcoin may give you jitters that how bitcoin easily loses $1k in an hour or so. And, you might have heard about the story of two pizzas that were worth 10,000 Bitcoins. But here we have some collection of stories that weren’t probably heard about before. Let us assure that these incidents will surprise you, while also interests you.

One of the earliest Bitcoin bargains

One of the initial Bitcoin giveaways was by a blogger named as Xifin on a WordPress domain blog. The headline on the blog read “Whore yourself for five-hundredths of a Bitcoin.” At the time this was estimated at $0.88 giveaway. If it doesn't seem much of a giveaway and now, this total Bitcoin value is worth $579. Not bad for writing a simple comment.

If we take a look at the address that was given in the comment section of the original post, then you can see that person did receive their 0.05 BTC.

32 Bitcoins Just to Hold a Sign

In this post by Bitcoin Blogger, we can see that the owner of the site paid someone 32 Bitcoins to stand in the rain, in a crazy outfit with a sign that read “Stop the Fed. Use Bitcoins!!!”. At this time I guess the guy thought why the hell not. 32 Bitcoins were worth roughly $11.20 at that time (January 2011) and was only out there for 15 minutes. That works out to be $44.80 per hour for holding up a sign. That is pretty good.

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If he kept his Bitcoins, which he didn’t, then this would have scaled to a lot of money, specifically, $370,560 for working for 15 minutes or $1,482,240 an hour… I would hold up a sign and wear a silly hat for that… no doubt!

Win a Logo Competition and get 10 BTC

In May 2011 there was a competition for an updated logo on the /r/Bitcoin subreddit. This was for a total of 10 BTC competition where the people who donated the Bitcoin could vote on which design they liked. At this point in time, one BTC was worth about $6.26 USD so making the total competition worth $62.60 which is pretty decent for a small logo. You can see the original post here.

By the looks of the actual Bitcoin subreddit in the Wayback Machine, looks like Stive Gonzales was the winner. It appears as if his Reddit username has been deleted since then, but I did manage to find the Bitcoin address that he won with. But as the same with the other, there are no Bitcoins left on the address.

Writing a "How to" for Silk Road

A Reddit user by the name of “silkroadmagic” wrote a blog post on how to use the site Silk Road. If you’ve heard of Silk Road, you’ve heard of Bitcoin, but if you’ve heard of Bitcoin you may not have heard about Silk Road.

Silk Road was an online marketplace much like eBay but for illegal drugs basically (more or less in a nutshell). Without going into too much info, it was a revolution of getting drugs anywhere from anywhere to your front door without having to leave the comfort of your computer. A great idea but eventually Ross William Ulbricht was caught and put in jail for his mastermind of the scheme.

There is a highly recommended documentary about it, very interesting stuff. He later did an AMA on Reddit about how it all goes.

I want to sell my scooters for bitcoins

In April 2013 a Reddit poster was selling his Motorbike/Scooter for 17 Bitcoins and advertising on Reddit. Not sure if he ever sold the scooter but admire the guts to try to sell it for a digital currency rather than FIAT. At this point in time, a Bitcoin was worth roughly $118.00. He was selling his bike for 17 Bitcoins, making the final price around $2000 USD. Now if someone kept onto those Bitcoins that bike is worth a pretty penny, $196,860 to be exact. That is one expensive scooter!

Losing on Online Casino

Not really how else to describe this without using profanities. I’m sure this person did as well. So Nakowa was on a website called Just-Dice which is a Bitcoin Casino, where he lost a whopping 2300 BTC. At the time this was big news because that was around $323.00 per Bitcoin. This means he lost $742,900 at that point in time, which is still a ridiculous amount of money to lose in an online gambling site. This is now worth $26,634,000. OUCH!

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