Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k | TigerDroppings.com

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SPEEDY
Lamar Fan
2005 Tiger Smack Poster of the Year
Member since Dec 2003
59597 posts

Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k



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quote:

The meteoric rise in bitcoin has meant that within the space of four years, one Norwegian man’s $27 investment turned into a forgotten $886,000 windfall.

Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory.







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jimbeam
USA Fan
University of LSU
Member since Oct 2011
32220 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


On the money board this is germans





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MSTiger33
LSU Fan
New York City/Boston
Member since Oct 2007
10480 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Wiki?





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MillerMan
LSU Fan
West U, Houston, TX
Member since Aug 2010
4152 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Lucky bastard





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okietiger
USA Fan
Working out my small calves
Member since Oct 2005
27134 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


WTF





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TreyAnastasio
Michigan Fan
Bitch I'm From Cleveland
Member since Dec 2010
45412 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


He can buy a lot of drugs with that





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SPEEDY
Lamar Fan
2005 Tiger Smack Poster of the Year
Member since Dec 2003
59597 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

the money board









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Davie Crocket
Kent State Fan
Member since Jan 2013
1072 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


frick that guy





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NYCAuburn
Auburn Fan
TD Platinum Membership
Member since Feb 2011
32583 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

On the money board this is germans


yes but this is a deep web topic on the deep web board






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Rouge
USA Fan
TD.com HOF Member - Class of 2014
Member since Oct 2004
97290 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


i bought $100 in summer 09

this is actually a thing?

holy shit






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CocomoLSU
Penn State Fan
Inside your dome.
Member since Feb 2004
128092 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


I don't know how bitcoin works (aside from using it online as payments), but can he actually cash those in for real money?





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TreyAnastasio
Michigan Fan
Bitch I'm From Cleveland
Member since Dec 2010
45412 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

I don't know how bitcoin works (aside from using it online as payments), but can he actually cash those in for real money?


Yes






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

I don't know how bitcoin works (aside from using it online as payments), but can he actually cash those in for real money?


It's the new tulip bulb craze. He can cash it for real money. Because other gullible people will buy his bitcoin from him.






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CocomoLSU
Penn State Fan
Inside your dome.
Member since Feb 2004
128092 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Nice.





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TH03
Notre Dame Fan
Member since Dec 2008
96053 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

It's the new tulip bulb craze. He can cash it for real money. Because other gullible people will buy his bitcoin from him.






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Once the music stops, Bitcoin will have no chair to sit in.





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ChineseBandit66
LSU Fan
Jigga City, Louisiana thru Funroe
Member since Jul 2013
872 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

but can he actually cash those in for real money?


Yep. It has real world value. It's the next step in capitalism. it's not just for Trillhog to pay for whores and young children's off the interwebz.






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56662 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


quote:

Yep. It has real world value. It's the next step in capitalism








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TreyAnastasio
Michigan Fan
Bitch I'm From Cleveland
Member since Dec 2010
45412 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


Im not sure what you are laughing at. He is correct.

It is the only secure way to spend money online.






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CaptainsWafer
Austin Peay Fan
Bone it like you own it.
Member since Feb 2006
40507 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k


There was a thread recently that had links to a website where you could buy airline tickets with bitcoins.





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