- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Someone sold 80K Bitcoin for $9.6B they bought in 2011 for $54K
Posted on 7/18/25 at 4:46 pm to Lowdermilk
Posted on 7/18/25 at 4:46 pm to Lowdermilk
He couldn’t just go from BTC to gold? Can’t you buy everything with BTC?
1
Posted on 7/18/25 at 4:49 pm to ronricks
quote:The blockchain navy, they’re an offshoot of the Cajun navy.
What military backs bitcoin?
Posted on 7/18/25 at 4:50 pm to stout
So $5400 in 2011 would be worth $960 million and $540 would be worth $96 million 
Posted on 7/18/25 at 5:01 pm to weagle1999
quote:
There is nothing behind the US dollar besides faith that it has value.
There is always fake gold.
This post was edited on 7/18/25 at 5:02 pm
Posted on 7/18/25 at 5:02 pm to weagle1999
Because the government has backed the bills. The purchasing power fluxgates with fiat currency but the value is still backed by the gov
Posted on 7/18/25 at 5:03 pm to stout
so a ROI of 17,777,677% nice
Posted on 7/18/25 at 5:03 pm to hansenthered1
quote:
Because the government has backed the bills. The purchasing power fluxgates with fiat currency but the value is still backed by the gov
What will the govt give you in exchange for it?
Posted on 7/18/25 at 5:05 pm to stout
He will be disappeared
Posted on 7/18/25 at 5:11 pm to stout
Maybe that guy really did dig up the whole landfill to find the hard drive.
Posted on 7/18/25 at 5:12 pm to stout
Sorry. I needed some cash for hookers and blow.
Posted on 7/18/25 at 5:13 pm to stout
Wiki cashed out 
Posted on 7/18/25 at 5:14 pm to Dawgfanman
whatever its worth but they will give me something. The state backs you giving a piece of paper to a business for actual goods. The business then can take that and do what he wants. The value of the thing as a currency is possible due to the backing of the gov. This allows it be used as currency. It could be rocks or actual gold it doesn't matter as long as the state is saying it will back it.
Posted on 7/18/25 at 5:15 pm to schexyoung
quote:
Can’t you buy everything with BTC?
You can in Vegas. Yes everything
Posted on 7/18/25 at 5:20 pm to schexyoung
quote:
Why would anyone sell BTC for USD when BTC is so useful for daily transactions and the USD is just fiat trash?
Because it's got a good exchange rate.
Posted on 7/18/25 at 5:26 pm to schexyoung
quote:
Someone sold 80K Bitcoin for $9.6B they bought in 2011 for $54K
That was the drug-moving era of Bitcoin. Somebody's got enough money now to bury their skeletons.
Posted on 7/18/25 at 5:41 pm to Dawgfanman
quote:
Because the government has backed the bills. The purchasing power fluxgates with fiat currency but the value is still backed by the gov What will the govt give you in exchange for it?
“This note is legal tender for all debts, public and private.”
What did they say when you tried to pay your taxes in bitcoin?
Posted on 7/18/25 at 5:41 pm to stout
I knew about bitcoin before it reached $1. Figured only terrorists, money launderers, and drug dealers would use it. The Feds would shut that shite down.
Boy was I wrong!
Boy was I wrong!
Posted on 7/18/25 at 5:45 pm to stout
That takes some balls to watch 54k grow into hundreds of millions or even a few billion and not cash out. Unless he just found his seed phrase 
Posted on 7/18/25 at 5:47 pm to stout
fricking time travelers brah…..
Posted on 7/18/25 at 5:52 pm to weagle1999
quote:Except the full faith and credit of the most powerful entity in the history of humanity.
There is nothing behind the US dollar besides faith that it has value.
Why is a $20 bill worth more than a $5 bill? They are the same size and material.
Now do bitcoin.
Page 2 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News