Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k - 10/31/13 | TigerDroppings.com
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SPEEDY
Lamar Fan
2005 Tiger Smack Poster of the Year
Member since Dec 2003
60078 posts

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

LINK


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.



jimbeam
USA Fan
University of LSU
Member since Oct 2011
36708 posts

re: Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k
On the money board this is germans


MSTiger33
LSU Fan
New York City/Boston
Member since Oct 2007
11031 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
4852 posts

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


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okietiger
Air Force Fan
Chelsea F.C. Fan
Member since Oct 2005
29097 posts

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


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TreyAnastasio
Alabama Fan
Bitch I'm From Cleveland
Member since Dec 2010
46569 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
60078 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
33076 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
100233 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
131395 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?


TreyAnastasio
Alabama Fan
Bitch I'm From Cleveland
Member since Dec 2010
46569 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
58350 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.


CocomoLSU
Penn State Fan
Inside your dome.
Member since Feb 2004
131395 posts

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


TH03
Notre Dame Fan
Member since Dec 2008
103083 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
58350 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.


ChineseBandit66
LSU Fan
Houston,Texas
Member since Jul 2013
1171 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.


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58350 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




TreyAnastasio
Alabama Fan
Bitch I'm From Cleveland
Member since Dec 2010
46569 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.


CaptainsWafer
USA Fan
Bone it like you own it.
Member since Feb 2006
42687 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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