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30,000 Bitcoins Sold for $0.03 Each, Now Valued at $800 Million

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In the evolving Bitcoin market, stories of missed opportunities and astonishing deals abound – however, few are as eye-popping as this sale from August 30, 2010.

Unearthed by Bitcoin historian Pete Rizzo, a BitcoinTalk thread shows how an early Bitcoin user amassed 30,000 BTC, only to sell them for $0.03 each.

Then sold below market price, roughly $0.06 at the time, the sale netted $900. The same amount of Bitcoin, if sold today, would be worth over $810,000,000.

While few could have predicted the meteoric rise of Bitcoin to $27,000 in the years to come, it seems the seller in this case might have been motivated by an interest in disproving that the cryptocurrency would work at all.

Though there is only speculation in the thread, it shows that market participants at the time believed the seller to be William “Nenolod” Pitcock, a data center employee who is said to have amassed close to 100,000 BTC that he liquidated in 2010.

Speaking about another sale in July, he discussed his motivation was to spark a “bank rush,” writing: “The purpose was to demonstrate in two ways that the Bitcoin system can be attacked… [and] cause speculation in the bitcoin economy.”

While no connection between the events can be substantiated, the thread, buried in the archives of an early Bitcoin user forum, serves as a time capsule, transporting readers back to a moment when the true potential of Bitcoin was still shrouded in uncertainty.

While some may view it as a painful reminder of missed opportunities, others see it as a testament to the enduring allure that Bitcoin has created over the years.

Either wary, thanks to the sale, some lucky Bitcoiners were able to get bids filled at once-in-a-lifetime prices.

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Netanyahu Scolds Biden Admin On Video & Candace Owens Reacts To Trump’s Pro-Israel Donor Money!

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20% Off For A Week! Code: SUMMER at http://DreamRare.com

 

All My Links: http://DreamRareLinks.com

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Thr 20Jun24 David Knight Show UNABRIDGED

Full description with topics by timecode to followFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

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Full description with topics by timecode to follow

Find out more about the show and where you can watch it at TheDavidKnightShow.com

If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show

Or you can send a donation through
Mail: David Knight POB 994 Kodak, TN 37764
Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshow
BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7

Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver

For 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT

Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

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Thr 20Jun24 Fauci’s Victims; Redfield Bird-Dogging Bird Flu for THIS Company; Countering Federal Meddling in Homeschool

(2:00) Fauci continues his damage repair tourBoeing families demand justice, yet the max penalty will not stop BoeingStranded in space, two astronauts on the Boeing Starliner which continues to spring more and more leaksSays politics killed people (true) because they didn’t take his jab (false)Let’s look at victimsVictims of his childhood vaccine get-out-of-jail-free pass from 1986In his tenure jabs went from 3 to 90 for infants in USATestimonies from those injured by Fauci jabs, and those killed(45:03) Fauci still attacking HCQ (and Trump) — why hasn’t Trump attacked Fauci?  Isn’t that interesting? (48:34) Punishments continue for Covid ResistersGermany: 3 years in jail and large fine for doctor who wrote mask & jab exemptionsBritain: criminal convictions for violating health dictators continue to punish, treated as felons(58:33) Why is CDC Redfield Bird-Dogging Bird Flu? Follow the MoneyLudicrous claims that  a human version is inevitable and will kill 25-50% of those who get sick. Take a look at what’s in it for Redfield… (1:19:39) Scientific American Wants Federal Regulation of HomeschoolTheir motivations are not scientific or constitutional and devoid of historical contextPerhaps they should look at the “efficacy” of homeschool vs government schoolPsychological abuse and bullying — by teachers.  My wife’s observations from when she was a teacher of abuse and the immunity of tenure(1:34:02) INTERVIEW Official But Unreported: Petrodollar Ends & Saudi Joins China’s CBDC Tony Arterburn, DavidKnight.gold joinsIgnored by both mainstream and vast majority of alt news, including financial news — the foundation of the US dollar’s status as the global reserve currency has just been removedIt’s unknown how quickly the repercussions will spread but they will come as the government’s debt continues to explode exponentiallyAs the Saudis leave the dollar they join the global CBDC being put together by China and the BIS (Bank of International SettlementHow have America’s geopolitical goals changed since the creation of the petrodollarTony responds to questions/statements about metal IRAs, metal ETFs (e.g. GLD, SLV)(2:17:00) Listener comments on schools (2:26:17) Education — 1983’s “Nation at Risk”, Ten Commandments, and moreBeware of government subsidies, bribery, blackmail — don’t touch government moneyWhat is the purpose of your child’s education?  Do you have a goal?How do homeschooled kids compare in areas OTHER THAN ACADEMICS to different types of schooling — secular, religious, classicalListener commentsTen Commandments will be put in all Louisiana schools — good idea?  Will it withstand legal challenges?Resistance to Pride Month in Canadian schools is organized and expanding(2:55:09) JuneteenthWhat can everyone learn from Juneteenth?Will it be used to unify and edify or to tear down?Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

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(2:00) Fauci continues his damage repair tour

  • Boeing families demand justice, yet the max penalty will not stop Boeing
  • Stranded in space, two astronauts on the Boeing Starliner which continues to spring more and more leaks
  • Says politics killed people (true) because they didn’t take his jab (false)
  • Let’s look at victims
    • Victims of his childhood vaccine get-out-of-jail-free pass from 1986
    • In his tenure jabs went from 3 to 90 for infants in USA
    • Testimonies from those injured by Fauci jabs, and those killed

(45:03) Fauci still attacking HCQ (and Trump) — why hasn’t Trump attacked Fauci?  Isn’t that interesting?
 
(48:34) Punishments continue for Covid Resisters

  • Germany: 3 years in jail and large fine for doctor who wrote mask & jab exemptions
  • Britain: criminal convictions for violating health dictators continue to punish, treated as felons

(58:33) Why is CDC Redfield Bird-Dogging Bird Flu? Follow the Money
Ludicrous claims that  a human version is inevitable and will kill 25-50% of those who get sick. 
Take a look at what’s in it for Redfield…
 
(1:19:39) Scientific American Wants Federal Regulation of Homeschool

  • Their motivations are not scientific or constitutional and devoid of historical context
  • Perhaps they should look at the “efficacy” of homeschool vs government school
  • Psychological abuse and bullying — by teachers.  My wife’s observations from when she was a teacher of abuse and the immunity of tenure

(1:34:02) INTERVIEW Official But Unreported: Petrodollar Ends & Saudi Joins China’s CBDC Tony Arterburn, DavidKnight.gold joins

  • Ignored by both mainstream and vast majority of alt news, including financial news — the foundation of the US dollar’s status as the global reserve currency has just been removed
  • It’s unknown how quickly the repercussions will spread but they will come as the government’s debt continues to explode exponentially
  • As the Saudis leave the dollar they join the global CBDC being put together by China and the BIS (Bank of International Settlement
  • How have America’s geopolitical goals changed since the creation of the petrodollar
  • Tony responds to questions/statements about metal IRAs, metal ETFs (e.g. GLD, SLV)

(2:17:00) Listener comments on schools
 
(2:26:17) Education — 1983’s “Nation at Risk”, Ten Commandments, and more

  • Beware of government subsidies, bribery, blackmail — don’t touch government money
  • What is the purpose of your child’s education?  Do you have a goal?
  • How do homeschooled kids compare in areas OTHER THAN ACADEMICS to different types of schooling — secular, religious, classical
  • Listener comments
  • Ten Commandments will be put in all Louisiana schools — good idea?  Will it withstand legal challenges?
  • Resistance to Pride Month in Canadian schools is organized and expanding

(2:55:09) Juneteenth

  • What can everyone learn from Juneteenth?
  • Will it be used to unify and edify or to tear down?

Find out more about the show and where you can watch it at TheDavidKnightShow.com

If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show

Or you can send a donation through
Mail: David Knight POB 994 Kodak, TN 37764
Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshow
BTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7

Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silver

For 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT

Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

This post was originally published on this site

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