Bitcoin: A peer-to-peer network based anonymous digital currency. bitcoin.sourceforge.net submitted 14 years ago by [deleted]2 246 comments share save hide report all 246 comments sorted by: best topnewcontroversialoldrandomq&alive (beta) Want to add to the discussion? Post a comment! Create an account [–]ef4 13 points14 points15 points 14 years ago*2 (44 children) The cryptography to support this has existed for a long time. The harder part is designing a system with economic incentives that work. No currency can jump directly into being a pure medium of exchange. Historically, whenever money arises it starts out as something that's useful/valuable on its own, irrespective of whether you'll be able to trade it for something else. It is only later when many people have it and want it that the trade-value becomes more significant than the use-value. Once enough people are used to the idea, you can even let the use-value go to zero, as in our modern fiat currencies. So to start a digital currency, you either need to make it have some use other than directly spending it, or you need to back it with an existing currency. permalink embed save report give award reply [–]Quicksilver 5 points6 points7 points 14 years ago (24 children) ....Assuming you believe our modern currencies are a good model and just copying them is the solution. permalink embed save parent report give award reply [–]cedartrail 2 points3 points4 points 1 year ago (18 children) I feel the need to upvote this even though it’s 12 years later. permalink embed save parent report give award reply [–]Quicksilver 2 points3 points4 points 1 year ago (11 children) Wow. Wow in that I put this here 12 years ago and yet didn't have the sense to buy bitcoin until MUCH later. I wouldn't have even guessed I had commented back then. permalink embed save parent report give award reply [–]cedartrail 1 point2 points3 points 1 year ago (4 children) Pretty wild eh, 12 years can change a lot. permalink embed save parent report give award reply [–]Quicksilver 2 points3 points4 points 1 year ago (3 children) Just ask a 13 year old. permalink embed save parent report give award reply [–]Future_PeterSchiff 0 points1 point2 points 6 months ago* (2 children) Pinging 13 years old me 17 years ago, okay you little shit, in 4 years there will be this thing called Bitcoin, I know it sounds like a scam but buy as much of the fucking thing as you can. There will be a website where for 1 dollar through a PayPal portal you can get more than a thousand of these things. You’ll be working as a lifeguard at the time spending all your money on weed, I’m not saying to quite weed but cut back and buy as many of the damn coins than you can. Don’t let me down young me permalink embed save parent report give award reply [–]AdActive9457 0 points1 point2 points 4 months ago (1 child) 13 smoking weed 😭😭😭 permalink embed save parent report give award reply [–]Future_PeterSchiff 0 points1 point2 points 4 months ago (0 children) Smoking weed at 17, maybe I shouldn’t have told 13 year old me we’d be smoking weed at 17. Probably why he forgot to buy the damn coins when they were 2,615 coins per dollar -_- permalink embed save parent report give award reply [–]PlaaXer 0 points1 point2 points 1 year ago (1 child) nah please tell me you are rich rn, otherwise the world is not fair permalink embed save parent report give award reply [–]Quicksilver 0 points1 point2 points 1 year ago (0 children) Depends how you define it I guess. permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 11 months ago (2 children) I am in a similar boat. I even lurked around the sub…read a few articles. Someone mentioned needing btc on the SR sub and I noped the fuck out. “Why do I need to use some scam fake internet money to get some kush?” Lol. But, we eventually “got it.” Think of all the people who still think it’s all a scam. permalink embed save parent report give award reply [–]followedbyferrets 0 points1 point2 points 6 months ago (1 child) I can’t believe I never even investigated it. As someone that used to torrent a lot, you’d think the p2p think would have at least merited some basic research on my part. permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 6 months ago (0 children) I’m back fellow Time Traveler! Shit got crazy with Reddit NFT avatars today and I linked this post for a new person to Reddit. Now I’m hunting for my old post where I said hi to another Senses owner…back when selling a Senses for $200 was insane. Only July, already feels years ago… permalink embed save parent report give award reply [–]ultra_annoymnuos 0 points1 point2 points 7 months ago (0 children) Don't stress about it paul krugman still hates it and calls it a complete failure... 😅 permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 11 months ago (4 children) Same. Hello fellow time traveler! permalink embed save parent report give award reply [–]crodbtc 0 points1 point2 points 6 months ago (3 children) Fellow Cone. permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 6 months ago (0 children) I keep hearing about these cones… permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 6 months ago (1 child) Cones will one day be the “bought Bitcoin back in 2010/11. Cone Mother moves across the entire space time continuum. Cone Mother was there when Hal—-I mean Satoshi mined the first block. permalink embed save parent report give award reply [–]crodbtc 0 points1 point2 points 6 months ago (0 children) 🤝🙏 permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 6 months ago (0 children) I feel OP should have bought a cone. But that’s me. Hello fellow Time Traveler! I wonder how many more will one day end up in this thread? permalink embed save parent report give award reply [–]evilbunny 1 point2 points3 points 13 years ago (1 child) The idea of having some use other than directly spending it is that differentiates good currencies from modern currencies. permalink embed save parent report give award reply [–]cemasoniv 0 points1 point2 points 13 years ago (0 children) Yes, that's true, but it's not always directly usable. I.e., paper money with a honest-to-god backing by said usable substance is Just As Good. permalink embed save parent report give award reply [–]Flying_Koeksister 0 points1 point2 points 1 year ago (0 children) Definitely an underated comment. :) must be nice to see you were indeed right permalink embed save parent report give award reply [–]cosmicaltoaster 0 points1 point2 points 6 months ago (1 child) Tis I, cosmicaltoaster, traveller of times. What realm is this?! permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 6 months ago (0 children) This is the Madness realm where a cute golden avatar sold for a downpayment on a house. Top? Who knows, been thinking Top since august. permalink embed save parent report give award reply [–]irfiisme 4 points5 points6 points 1 year ago (10 children) I am from 13 years in the future and Bitcoin is $69k now. permalink embed save parent report give award reply [–]mogglar84 1 point2 points3 points 11 months ago (9 children) 30k now, haha XD permalink embed save parent report give award reply [–]Morning_Star_Ritual 1 point2 points3 points 11 months ago (5 children) We are probably going to kiss the blade down at the 200wma. Let’s see if another time traveler will post if that happens…. permalink embed save parent report give award reply [–]abarone93 0 points1 point2 points 9 months ago (3 children) oh hi permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 9 months ago (2 children) Hello! Are there flying cars? permalink embed save parent report give award reply [–]Ok_Play_7144 0 points1 point2 points 6 months ago (1 child) They're called helicopters! permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 6 months ago (0 children) Yay! permalink embed save parent report give award reply [–]head77 0 points1 point2 points 6 months ago (0 children) 18K permalink embed save parent report give award reply [–]diarpiiiii 0 points1 point2 points 6 months ago (0 children) 19k now permalink embed save parent report give award reply [–]Jeezy_7_3 0 points1 point2 points 6 months ago (0 children) 19k now I’m 2022 😂 permalink embed save parent report give award reply [–]dodgeydom 1 point2 points3 points 1 year ago (3 children) Hey, did you buy any BTC back then? permalink embed save parent report give award reply [–]DrRobertBottle 1 point2 points3 points 1 year ago (0 children) Back then it was much easier to mine than to buy. There weren't any exchanges, etc. permalink embed save parent report give award reply [–]ECore 0 points1 point2 points 6 months ago (0 children) One way was zip zap service at walmart. Sort of like western union. You gave the customer service person the money and they sent it and in about an hour you had Bitcoin. permalink embed save parent report give award reply [–]crodbtc 0 points1 point2 points 6 months ago (0 children) Cash in mail to Cryptsy exchange. permalink embed save parent report give award reply [–]Dr-WalterWhite 0 points1 point2 points 1 year ago (0 children) Please tell me you bought some permalink embed save parent report give award reply [–]Flying_Koeksister 0 points1 point2 points 1 year ago (0 children) 12 years later. Things definitely seemed to have changed permalink embed save parent report give award reply [–][deleted] 0 points1 point2 points 1 year ago (1 child) Did you ever end up mining/buying bitcoin? permalink embed save parent report reply [–]MAD-1-BILL 0 points1 point2 points 6 months ago (0 children) Bruh op came back 12 years later. I hope you are filthy rich bro. I'd delete my account too😅 permalink embed save parent report give award reply [–]Snoww 9 points10 points11 points 14 years ago (2 children) Holy cow! Seems awesomely creative. But I sure do wonder about security and whether the idea will catch on. permalink embed save report give award reply [–]DaBestWriter 3 points4 points5 points 1 year ago (1 child) Did you buy any bitcoin? permalink embed save parent report give award reply [–]Future_PeterSchiff 0 points1 point2 points 6 months ago* (0 children) I am Peter Schiff from the year 2042, Bitcoin is over a ₿illion dollars per coin in my day, but a billion in my day only has the purchasing power of 100 million in your day. If someone can access Peter Schiff in your time, please tell me I’m a fucking moron, and someone please convince my hard headed ass to drop gold and buy Bitcoin. Idk how you’ll get me to be convinced in your time, but for the love of god someone please figure out away to do it 😭 permalink embed save parent report give award reply [–]spoot 19 points20 points21 points 14 years ago (8 children) This is a pretty awesome idea. Though I'm sure the government will love anonymous, non-taxable transactions over the internet. permalink embed save report give award reply [–]Ok_Analysis_1304 2 points3 points4 points 1 year ago (2 children) MONERO holds this honor now. permalink embed save parent report give award reply [–]Future_PeterSchiff 0 points1 point2 points 6 months ago (0 children) And Litecoin too permalink embed save parent report give award reply [–][deleted] -1 points0 points1 point 14 years ago (0 children) Botnet creators will love it even more. permalink embed save parent report reply [–]zaazo 0 points1 point2 points 1 year ago (0 children) It really is! I wonder if it will go big in the future. permalink embed save parent report give award reply [–]simplelifestyle 0 points1 point2 points 6 months ago (0 children) Did you buy any just in case? permalink embed save parent report give award reply [–]CandyCanePapa 0 points1 point2 points 4 months ago (0 children) Long live Monero! permalink embed save parent report give award reply [–]carac 6 points7 points8 points 14 years ago* (7 children) It SOUNDS like a good idea, but I would not trust it until a few different people/groups really qualified in terms of encryption and security will actually review the algorithms ... and the source code :) permalink embed save report give award reply [–]elvislunchbox 2 points3 points4 points 1 year ago (5 children) Revisit in 12 years. permalink embed save parent report give award reply [–]Omega3568 2 points3 points4 points 1 year ago (2 children) I wish I could send a message back in time to myself. permalink embed save parent report give award reply [–]Future_PeterSchiff 0 points1 point2 points 6 months ago* (1 child) Try to connect to yourself when you were blackout drunk. If you’re lucky, maybe you’ll convince them to buy you some coins and then you can find them on an old computer. This is the only way, but of course then you’ll be trying to buy them while you’re drunk off your ass and the words on your computer will be hard to read permalink embed save parent report give award reply [–]Omega3568 0 points1 point2 points 6 months ago (0 children) Maybe permalink embed save parent report give award reply [–]ECore 0 points1 point2 points 6 months ago (1 child) Remind me! 12 years permalink embed save parent report give award reply [–]YaZEUS 0 points1 point2 points 6 months ago (0 children) Remind me! 5 years permalink embed save parent report give award reply [–]yofingers 5 points6 points7 points 1 year ago (8 children) So did everyone on here hold on? permalink embed save report give award reply [–]Morning_Star_Ritual 4 points5 points6 points 11 months ago (2 children) What I realize now is many of these accounts are abandoned. I forgot my username from my first account. It’s only a year older then this one, but I still wish I could remember the password. permalink embed save parent report give award reply [–]LacticFactory 0 points1 point2 points 6 months ago (1 child) (Historical) Cone permalink embed save parent report give award reply [–]Morning_Star_Ritual 0 points1 point2 points 6 months ago (0 children) Cone! permalink embed save parent report give award reply [–][deleted] 0 points1 point2 points 10 months ago (4 children) I mined btc out of curiosity in 2012 when I was just 17 years old but I was too young to understand what I was doing… lesson learnt, never be lazy, be curious and learn till the finish line. permalink embed save parent report reply [–]abarone93 0 points1 point2 points 9 months ago (3 children) What happened to your bitcoins? permalink embed save parent report give award reply [–]looneytones8 0 points1 point2 points 6 months ago (1 child) Most likely lost the keys permalink embed save parent report give award reply [–]TexasBoyz-713 0 points1 point2 points 6 months ago (0 children) …in a boating accident permalink embed save parent report give award reply [–]ECore 0 points1 point2 points 6 months ago (0 children) Nobody could have held past a 10x unless it was an accident. It was too volatile and it was hard to cash out...a lot of people bought gold and silver off of... coinbull? There were no stable coins and it was difficult to trade for cash without getting ripped off...I lost around 30 Bitcoin off a PayPal charge back scam permalink embed save parent report give award reply [–]Resilience 3 points4 points5 points 14 years ago (1 child) The main problem with this project is the initial injection I guess. The only people who will dare to sell things for bitcoins will be selling things that they don't deem "real money" worth. Like freewares and opensource software or print promotion... Then it will start with a HUGE inflation term. permalink embed save report give award reply [–]whoredwhat 1 point2 points3 points 1 year ago (0 children) Lol, I think you meant Heroin and cocaine. Hindsight is 20/20 permalink embed save parent report give award reply [–]themusicgod1 2 points3 points4 points 14 years ago* (2 children) ripple discussion on the matter. (For a working ripple node, try here) permalink embed save report give award reply [–]Liarus_ 0 points1 point2 points 6 months ago (1 child) Damn, ripple was already there so early permalink embed save parent report give award reply [–]soundingdemo 0 points1 point2 points 6 months ago (0 children) Wow! permalink embed save parent report give award reply [–]zarbeto 2 points3 points4 points 14 years ago (5 children) Pretty interesting. Maybe in a couple of years and after several deep changes maybe Google could be interested. permalink embed save report give award reply [–][deleted] 1 point2 points3 points 6 months ago (0 children) Good prediction permalink embed save parent report reply [–]looneytones8 0 points1 point2 points 6 months ago (1 child) And after 13 years they just made a deal with Coinbase to accept it as payment for cloud services. permalink embed save parent report give award reply [–]Crocodile900 1 point2 points3 points 6 months ago (0 children) What the hell is Coinbase? Sent from 13 years ago..... permalink embed save parent report give award reply [–]parishiIt0n 0 points1 point2 points 6 months ago (0 children) Insight was 20/22 permalink embed save parent report give award reply [–]spoot 2 points3 points4 points 14 years ago* (5 children) What they really need to do to get this to take off is to have some central authority that is willing to exchange bit coins for dollars and vice versa. What I would do (if I had a chunk of money and wanted this to take off) is seed the system with some money. For a limited time every unique new user gets $10 of bitcoins under the condition that they have to spend them and can't just turn them in immediately. Then allow anyone to purchase more bitcoins from me at $1 per coin, or turn in their coins for the $1 back. If the system took off, I would have a bunch of real dollars in a bank account earning me interest (and available to return if necessary). If it failed and every person just cashed in their bitcoins and never bought any more I would only be out the limited $10 seed money. Edit: I know this is pretty much exactly what banks do now. But the advantage is that people get to spend their money anonymously, which I think is the point of the whole system. permalink embed save report give award reply [–]whoredwhat 1 point2 points3 points 1 year ago (1 child) Do you own an exchange now? permalink embed save parent report give award reply [–]Appropriate_Joke_741 0 points1 point2 points 1 year ago (0 children) So interesting reading these comments. Some ideas that if they’d run with them could have made them billionaires permalink embed save parent report give award reply [–]WarGawd 0 points1 point2 points 6 months ago (0 children) Pretty visionary of you. And I see you're still active.. you need to come back and see this comment you made so long ago. permalink embed save parent report give award reply [–]Jeezy_7_3 0 points1 point2 points 6 months ago (1 child) This is wild. This guys thinking way ahead of it it’s time. permalink embed save parent report give award reply [–]snoringrain 0 points1 point2 points 6 months ago (0 children) Yeah so cool to read permalink embed save parent report give award reply [–]Nehkrosis 2 points3 points4 points 1 year ago (4 children) This is hilarious. I wonder if anyone here from 12 years back even has their reddit accounts still active? permalink embed save report give award reply [–]InternationalTea9203 0 points1 point2 points 1 year ago (0 children) Yes one person commented above permalink embed save parent report give award reply [–]WarGawd 0 points1 point2 points 6 months ago (2 children) Yep, I just looked and at least u/spoot is still around permalink embed save parent report give award reply [–]novacastrian90 0 points1 point2 points 6 months ago (1 child) He's last reddit interaction looks to be 5 years ago ? I might be wrong permalink embed save parent report give award reply [–]WarGawd 0 points1 point2 points 6 months ago (0 children) Weird. I see similar now but when I looked before there appeared to be comments only hours old permalink embed save parent report give award reply [–]Jonny0stars 4 points5 points6 points 14 years ago (29 children) I don't understand how this works, How can a real transaction take place if no real money is involved. The richest person would simply be the person with the most HDD space for an insanely long number. permalink embed save report give award reply [–]badassumption 4 points5 points6 points 14 years ago* (9 children) No - the richest person will be the one with the most computing power: 1.4 How are new Bitcoins created? New coins are generated by a network node each time it finds the solution to a certain calculational problem, for which an average solution time can be calculated. The difficulty of the problem is adjusted so that in the first 4 years of the Bitcoin network, amount X of coins will be created. The amount is halved each 4 years, so it will be X/2 after 4 years, X/4 after 8 years and so on. Thus the total number of coins will approach 2X. permalink embed save parent report give award reply [–][deleted] 1 point2 points3 points 14 years ago (3 children) so the richest person will be the person who can afford to spend the most money on high powered tech equiptment which is used to solve random problems and the circle continues. permalink embed save parent report reply [–]Excedrin 2 points3 points4 points 14 years ago (1 child) No, that's not how bitcoin works, check out the paper: http://superb-west.dl.sourceforge.net/sourceforge/bitcoin/bitcoin.pdf permalink embed save parent report give award reply [–]Dip_the_Dog 1 point2 points3 points 6 months ago (0 children) Turns out that was exactly how bitcoin works. permalink embed save parent report give award reply [–]solutionblue 1 point2 points3 points 14 years ago (0 children) Or the person who controls the biggest botnet permalink embed save parent report give award reply [–]Fragsworth 1 point2 points3 points 14 years ago (1 child) Moore's law seems to conflict with their claim that the total number of coins will approach 2X. permalink embed save parent report give award reply [–]cemasoniv 1 point2 points3 points 13 years ago (1 child) Scroll down more, bud.- So your wealth is determined by the amount of CPU power you have? No. There's a constant average rate of new Bitcoins created, and that amount is divided among the nodes by the CPU power they use. When Bitcoins start having real exchange value, the competition for coin creation will drive the price of electricity needed for generating a coin close to the value of the coin, so the profit margin won't be that huge. The easier way to gain a lot of wealth would be trading goods. At the moment, though, you can generate new coins quite profitably, if you expect them to have real value in the future. If you choose to, be aware that Bitcoin is still experimental software. permalink embed save parent report give award reply [–]PlaaXer 0 points1 point2 points 1 year ago (0 children) pls tell me u an anonymous multi billionaire rn permalink embed save parent report give award reply [–]BlubberWall 4 points5 points6 points 1 year ago (6 children) Nothing wrong with questioning it at the time as it was entirely new. Genuinely curious 12 years later, (crazy how much like a time machine this thread is) has your view changed since then? permalink embed save parent report give award reply [–]Jonny0stars 1 point2 points3 points 1 year ago (5 children) How has this post managed to unlock itself after 12 years?! Anyway to answer your curiosity I made a post TL;DR: I didn't understand the concept back then and I do see the usefulness of blockchain now but I honestly think I've come full circle on bitcoin itself and ever since the rise of ASIC mining I've considered it an incredibly wasteful process, I do not and have not ever held any cryptocurrency. permalink embed save parent report give award reply [–]0xfrankless -2 points-1 points0 points 6 months ago (2 children) What an L. permalink embed save parent report give award reply [–]Thr1ft 0 points1 point2 points 6 months ago (1 child) For real lmao permalink embed save parent report give award reply [–]Medfried 0 points1 point2 points 6 months ago (0 children) All he had to do was buy few bitcoin and store the key. F. permalink embed save parent report give award reply [–]ungood 3 points4 points5 points 14 years ago (11 children) What is "real" money? A transaction can occur so long as a) there is a seller who has X and wants Y and b) there is a buyer who has Y and wants X. X and Y can be bananas and pigs, plasma TVs and dollar bills, or monkeys and bitcoins. The fact is that most of the world's economies are based off of monetary systems that are no more "real" than bit coins: http://en.wikipedia.org/wiki/Fiat_money permalink embed save parent report give award reply [–]Jonny0stars -1 points0 points1 point 14 years ago (10 children) Unlike bit coins the "real" money is regulated by central authorities, thus their is only as much money in the system as the sum total of assets or labor. Bit coins are not regulated, i could pay you 20 "bit coins" for half an hour of work and pay someone else 20,000 bit coins for the same amount of work and i would be no richer or poorer. I can however see your point but like anything its destined to fail if i can pull it out my ass. permalink embed save parent report give award reply [–]ItsAConspiracy 4 points5 points6 points 14 years ago (3 children) only as much money in the system as the sum total of assets or labor Double the amount of money in the system, and this will still be the case. It's just that each unit of money will be worth half as much. Central authorities pull new money out of their asses all the time. That's why the dollar is worth a lot less than it used to be. permalink embed save parent report give award reply [–]WarGawd 1 point2 points3 points 6 months ago (2 children) Another guy who absolutely nailed it 13y ago!! Kudos & belated upvote permalink embed save parent report give award reply [–]ItsAConspiracy 0 points1 point2 points 6 months ago (1 child) Haha thanks :) I wish I'd actually bought bitcoin that early! permalink embed save parent report give award reply [–]WarGawd 0 points1 point2 points 6 months ago (0 children) Even if you had, it might have been very tough to hold on to. I have a friend who had mined 300 BTC, but sold it all in a panic when the price dipped from $12 to below $10. He didn't regret his 3K profit at the time but now......🤬 permalink embed save parent report give award reply [–]cemasoniv 1 point2 points3 points 13 years ago (3 children) You have a very poor conception of what "real" money is. It wasn't until relatively recently that we had government-related currency (you can thank the middle ages for this). You also have a very poor idea of what total money supply is -- especially if you think its limited to assets or labor or hell, even real cash assets (on paper or in a computer). Fiat currency (what you seem to think of as "money") is created without the backing of any of these things. You give away your money 20 or 20,000 at a time because you place no value on it. When someone else is selling a car for 10,000 bitcoins, you now have a reason to not pay someone else 20,000 bitcoins for half an hours worth of yard labor. permalink embed save parent report give award reply [–]Jonny0stars 0 points1 point2 points 13 years ago (2 children) If it took your four months to write that; my conception of what real money is or isn't is the least of your problems. permalink embed save parent report give award reply [–]cemasoniv 1 point2 points3 points 13 years ago (0 children) Ha, so true. I was directed here from here permalink embed save parent report give award reply [–]peterk_se 0 points1 point2 points 27 days ago (0 children) wonder if it took Jonny0stars 13y to realize he fucked up permalink embed save parent report give award reply [–]ungood 0 points1 point2 points 14 years ago (0 children) Read the FAQ. The bit coins are regulated. The rate of inflation is controlled by the speed in which a particular math problem can be solved by a computer. You can't just pull bit coins out of your ass. The Fed, however, pulls dollars out of their collective asses all the time. permalink embed save parent report give award reply [–]CUZDex_AllArk-io 0 points1 point2 points 6 months ago (0 children) I'll take that 20,000 Bitcoin for half an hour work offer bucko 😎 permalink embed save parent report give award reply [–]kyohapooka 11 points12 points13 points 14 years ago (24 children) Wow. That's amazing. I don't think anyone's done a completely digital pyramid scheme before. permalink embed save report give award reply [–]Hundawwwg 0 points1 point2 points 1 year ago (0 children) Lol you god damn fool, you were right here permalink embed save parent report give award reply [–]CUZDex_AllArk-io -2 points-1 points0 points 6 months ago (2 children) Found the first BUTTCOINER 😆 seethe more permalink embed save parent report give award reply [–]Mostofyouareidiots 0 points1 point2 points 6 months ago (1 child) lol, this guy could've easily been a billionaire right now permalink embed save parent report give award reply [–][deleted] 0 points1 point2 points 6 months ago (0 children) Buttcoin sub is 11 years old, most of these grumpy old men could be rich permalink embed save parent report reply [–]riltjd 0 points1 point2 points 1 year ago (6 children) Did you still step into BTC? If not how much do you regret this statement now? permalink embed save parent report give award reply [–]its_nuts_dude 0 points1 point2 points 6 months ago (5 children) Lol and now? permalink embed save parent report give award reply [–]anewpath123 1 point2 points3 points 6 months ago (0 children) I mean, they'd still be ridiculously rich permalink embed save parent report give award reply [–]Film2021 0 points1 point2 points 6 months ago (1 child) It was under $0.003 when that comment was made. Now it’s worth $20k. Keep coping lol. permalink embed save parent report give award reply [–]its_nuts_dude 1 point2 points3 points 6 months ago (0 children) He might be regretful and missed out, but it’s still a bs pyramid scheme permalink embed save parent report give award reply [–]riltjd 0 points1 point2 points 6 months ago (0 children) He would NOW still be a millionar with just barely any input so yeah. Now still. Also you never heard of the concept of selling at a high? You comment on a low as if being edgy. But I came close to doubling my money. Like I care about the current price lmao.. permalink embed save parent report give award reply [–][deleted] 0 points1 point2 points 1 year ago (0 children) Boooo permalink embed save parent report reply [–][deleted] 0 points1 point2 points 1 year ago (0 children) rip permalink embed save parent report reply [–]LiaquatMurtaza 0 points1 point2 points 1 year ago (0 children) And the winner is... permalink embed save parent report give award reply [–]SwiftBastard 0 points1 point2 points 6 months ago (0 children) LMAOOOO you feeling big dumb rn permalink embed save parent report give award reply [–]nickpegu 0 points1 point2 points 6 months ago (0 children) 😆 permalink embed save parent report give award reply [–]CandyCanePapa 0 points1 point2 points 4 months ago (5 children) No freakin' way someone in 2009 literally didn't buy Bitcoin because they tought it was a pyramid scheme lmao. Paranoia kept you from becoming a billionaire my dude, by the end of 2009 you could've bought 100 bitcoins (1,600,000.00 USD right now) for a dollar, you fool. permalink embed save parent report give award reply [–]Kinexity 1 point2 points3 points 7 hours ago (4 children) Cryptard detected. He would gain money by making others lose money. Nothing what you said disproves the fact that Bitcoin is a pyramid scheme (or rather a bigger fool scheme). permalink embed save parent report give award reply [–]CandyCanePapa -1 points0 points1 point 6 hours ago (3 children) hurr durr pyramid scheme, tell that to the every single other state controlled currency and social security systems while you pay off the most recent banking crisis' debt RemindMe! 10 years "muh pyramid scheme i am very smart do not buy bitcoin you greater fool" permalink embed save parent report give award reply [–]Kinexity 0 points1 point2 points 4 hours ago (2 children) The fact that state controlled currencies have flaws doesn't change the fact that crypto is worse. It's been 14 years and it's still useless. Both of us can play this game: RemindMe! 10 years If your scheme requires for people to be early to be successfull then it's going to fail because those who are late will not adopt it and majority will be late so it's going to burn. permalink embed save parent report give award reply [–]CandyCanePapa 0 points1 point2 points 4 hours ago (1 child) wrong wrong wrong wrong wrong wrong wrong wrong wrong Amazing. Every word of what you just said was wrong. To you, 10 years from now. Watch closely as a braindead wsb ape makes money by not doing anything besides not clicking a sell button. permalink embed save parent report give award reply [–]slowblogger 1 point2 points3 points 11 months ago (0 children) Just leaving a mark here. The closest I can do to talk to Satoshi. permalink embed save report give award reply [–]docmirou 1 point2 points3 points 10 months ago (2 children) This feels like time travel permalink embed save report give award reply [–]abarone93 0 points1 point2 points 9 months ago (1 child) ripple yep..crazy permalink embed save parent report give award reply [–]WarGawd 0 points1 point2 points 6 months ago (0 children) Yeah, fascinating to see that history permalink embed save parent report give award reply [–]maurice 0 points1 point2 points 14 years ago (2 children) Interesting, it uses IRC as a high level protocol. See bitcoin/debug.log permalink embed save report give award reply [–]cemasoniv 0 points1 point2 points 13 years ago (0 children) interestingly enough, it also uses freenode's #bitcoin channel. I haven't studied the code in detail, but it looks like it only serves the purpose as a way to determine the other nodes in the network. permalink embed save parent report give award reply [–]combocookie 0 points1 point2 points 1 year ago (0 children) I hope you guys bought some permalink embed save parent report give award reply [–]spilk 0 points1 point2 points 14 years ago (16 children) This is the sort of thing that seems cool in theory, but in practice only gets used by people buying illicit materials off the internet. permalink embed save report give award reply [–]Quicksilver 3 points4 points5 points 14 years ago (2 children) It is interesting in theory. Why do you think it would only be used to buy illicit materials? Because regular money is never used for that? permalink embed save parent report give award reply [–]spoot 4 points5 points6 points 14 years ago (0 children) I thought that was the whole point, haha permalink embed save parent report give award reply [–]WestBankFireman 0 points1 point2 points 1 year ago (2 children) You were right, for a very short amount of time. permalink embed save parent report give award reply [–]Citizen_Kano 1 point2 points3 points 6 months ago (0 children) Without Silk Road we wouldn't be where we are today permalink embed save parent report give award reply [–]NeonThunderHawk 0 points1 point2 points 6 months ago (0 children) This guy bitcoins permalink embed save parent report give award reply [–]CUZDex_AllArk-io 0 points1 point2 points 6 months ago (2 children) Lololololol permalink embed save parent report give award reply [–]John_Icarus 0 points1 point2 points 6 months ago (1 child) He's not wrong though. Bitcoin hasn't seen much use as a legitimate currency alternative. It is mainly used simply as a zero sum money storage system; it can't generate new value and the actual value of all the money in it remains constant. Although it is a big net loss as the miners are spending money and energy gaining value by depreciating the rest of the value of the currency. And given the drop of nearly 4x over the last year, it isn't stable long term. I'll admit it is used in a couple locations. But in most of those it is a gimmick that isn't logical to use in any major way. The only useful ones to use it are porn sites that you don't want to add your details to. Everything else is illegal. Buying illicit items, avoiding tax, transferring money illegally, paying scammers, etc. I can't think of a single use case beyond illegal activities or porn where it is commonly used. permalink embed save parent report give award reply [–]CUZDex_AllArk-io 0 points1 point2 points 6 months ago (0 children) Lololol You're q perfect example of a mediocre IQ spouting bullshit to sway even stupider normies I don't enage with you types but for anyone else reading this goober The US dollar has lost 99% of its purchasing power since 1913 Bitcoin has gone from $0.001 to $1300 then $200 then $20000 then $3000 then $70000 to today Dunno about you but id prefer a currency that goes up in the long term than one which only goes down in the long term lmao permalink embed save parent report give award reply [–]WarGawd 0 points1 point2 points 6 months ago (4 children) Lol. You nailed the short term Orwellian prediction for Silk Road, but couldn't see far enough into the future permalink embed save parent report give award reply [–]spilk 0 points1 point2 points 6 months ago (3 children) I apologize for not being able to predict the sheer depth of the grift and degeneracy that cryptocurrency would usher in. who could have seen how truly awful things would have become? I gave it far too much credit. permalink embed save parent report give award reply [–]immortaldidi 0 points1 point2 points 6 months ago (1 child) Yo dude are rolling in cash now? Do you have any other ideas out there? permalink embed save parent report give award reply [–]Medfried 0 points1 point2 points 6 months ago (0 children) He socializes at buttcoin subreddit now. How predictable. permalink embed save parent report give award reply [–]CandyCanePapa 0 points1 point2 points 4 months ago (0 children) Ayyyy you're still alive and active, three comma club by any chance? permalink embed save parent report give award reply [–]Enginerd -4 points-3 points-2 points 14 years ago22 (5 children) a public list of all the previous transactions is collectively maintained by the network of Bitcoin nodes Lol, what an astonishingly terrible system. permalink embed save report give award reply [–]cyntrex 1 point2 points3 points 1 year ago (0 children) True /s permalink embed save parent report give award reply [–]elvislunchbox 1 point2 points3 points 1 year ago (0 children) Whoopsies permalink embed save parent report give award reply [–]metakitty99 0 points1 point2 points 1 year ago (0 children) 5 awards and 12 years later... permalink embed save parent report give award reply [–]IntoxiCaitlyn 0 points1 point2 points 6 months ago (0 children) r/agedlikemilk permalink embed save parent report give award reply [–]CUZDex_AllArk-io 0 points1 point2 points 6 months ago (0 children) For privacy...yes permalink embed save parent report give award reply [–]chirma_chirma 0 points1 point2 points 1 year ago (1 child) It is a piece of history 👏🏻👏🏻👏🏻 permalink embed save report give award reply [–]2SatoshiJoe 0 points1 point2 points 6 months ago (0 children) A pizza of history? permalink embed save parent report give award reply [–]Scary_Milk 0 points1 point2 points 1 year ago (0 children) How much for a pizza? permalink embed save report give award reply [–]cmaz5 0 points1 point2 points 1 year ago (0 children) NFT this sub permalink embed save report give award reply [–]BigLakerFan24 0 points1 point2 points 1 year ago (0 children) Crazy idea, it will never catch on permalink embed save report give award reply [–]KevinAlexandr 0 points1 point2 points 1 year ago (3 children) I am part of history now. permalink embed save report give award reply [–]Ben_MOR 0 points1 point2 points 1 year ago (2 children) I was here. permalink embed save parent report give award reply [–]wwwtf 0 points1 point2 points 1 year ago (0 children) 💎🤲 permalink embed save parent report give award reply [–]rainforestguru 0 points1 point2 points 6 months ago (0 children) Ever even been to easter island? permalink embed save parent report give award reply [–]adamantium421 0 points1 point2 points 1 year ago (1 child) Fascinating mix of early reactions posted here. permalink embed save report give award reply [–]cleverusername123455 0 points1 point2 points 1 year ago (0 children) pretty cool to see permalink embed save parent report give award reply [–]Hundawwwg 0 points1 point2 points 1 year ago (0 children) Incredible seeing the people in this space 12 years ago permalink embed save report give award reply [–]ObservableFailure 0 points1 point2 points 1 year ago (0 children) I'm super bullish permalink embed save report give award reply [–]fmustang202 0 points1 point2 points 1 year ago (0 children) Hello I am a Nigerian Prince please check your messages permalink embed save report give award reply [–]sucobe 0 points1 point2 points 1 year ago (0 children) Peer to peer digital currency? This will never catch on. permalink embed save report give award reply [–][deleted] 0 points1 point2 points 1 year ago (0 children) You are not the father. permalink embed save report reply [–][deleted] 0 points1 point2 points 1 year ago (0 children) Bitcoin is an Exaggerated form of Internet Money permalink embed save report reply [–]Inlz 0 points1 point2 points 1 year ago (0 children) 🚀 permalink embed save report give award reply [–]Complete_Disk3655 0 points1 point2 points 1 year ago (4 children) If these people had the superpower for foresight, they would be multi billionaires now. permalink embed save report give award reply [–]InternationalTea9203 0 points1 point2 points 1 year ago (3 children) Think like today also there are currencies in binance which is trading at 10-12$ per coin.. i m sure some of them(few) will be around 60-70k$ per coin in 2030…thn ppl from 2030 will come and commeent on our posts that how foolishnly we sold that coin permalink embed save parent report give award reply [–]gr8ful4 0 points1 point2 points 6 months ago (0 children) Funny enough that after 13 years people still have not figured out what an actual CRYPTO (hidden) CURRENCY (fungible) is. "Monero is what crypto noobs think they bought." - Dr. Daniel Kim permalink embed save parent report give award reply [–]bolyai 0 points1 point2 points 6 months ago (1 child) RemindMe! Jan 1, 2030 permalink embed save parent report give award reply [–]dsmid 0 points1 point2 points 1 year ago (0 children) Well, that escalated quickly. permalink embed save report give award reply [–]enraged768 0 points1 point2 points 1 year ago (0 children) I'm here permalink embed save report give award reply [–]Krashadar 0 points1 point2 points 1 year ago (0 children) :) permalink embed save report give award reply [–]yrathore 0 points1 point2 points 1 year ago (0 children) Just finished reading the article on my internet explorer. Idea looks promising ngl permalink embed save report give award reply [–][deleted] 0 points1 point2 points 11 months ago (0 children) wow ,feels good man reading how people reacted for the first time permalink embed save report reply [–]Federal-Square-3497 0 points1 point2 points 8 months ago (0 children) Don’t mind me, just passing through. permalink embed save report give award reply [–]ScottyPuffJr 0 points1 point2 points 6 months ago (1 child) This is amazing, just reading these comments from 13 years ago. This post should be added preserved forever! permalink embed save report give award reply [–]John_Icarus 1 point2 points3 points 6 months ago (0 children) He says, leaving a comment cluttering and ruining the preservation of the post. permalink embed save parent report give award reply [–]dkk-1709 0 points1 point2 points 6 months ago (0 children) Looks promising permalink embed save report give award reply [–]VincentBarajas 0 points1 point2 points 6 months ago (0 children) Leaving a mark permalink embed save report give award reply [–][deleted] 0 points1 point2 points 6 months ago (0 children) I was here permalink embed save report reply [–]slasula 0 points1 point2 points 6 months ago (0 children) history! permalink embed save report give award reply [–]L0ckeandDemosthenes 0 points1 point2 points 6 months ago (0 children) First post. permalink embed save report give award reply [–]ytpriv 0 points1 point2 points 6 months ago (0 children) 🏅 permalink embed save report give award reply [–]GettinWiggyWiddit 0 points1 point2 points 6 months ago (0 children) Wow, this was some awesome time traveling permalink embed save report give award reply [–]Poorestmanincrypto 0 points1 point2 points 6 months ago (0 children) This Bitcoin thing will never catch on. Shut this thread down permalink embed save report give award reply [–]BCHisFuture 0 points1 point2 points 6 months ago (0 children) 🤓🕵 permalink embed save report give award reply [–]NeonThunderHawk 0 points1 point2 points 6 months ago (0 children) See you all back here in another 13 years 👍 permalink embed save report give award reply [–]CUZDex_AllArk-io 0 points1 point2 points 6 months ago (0 children) I have a feeling this bitcoin thing might go somewhere 🤔 permalink embed save report give award reply [–]killerj666 0 points1 point2 points 6 months ago (0 children) Commenting for legacy permalink embed save report give award reply [–]FullTube 0 points1 point2 points 6 months ago (0 children) To myself 13 years ago, buy fucking Bitcoin! permalink embed save report give award reply [–]Vbogdanovic 0 points1 point2 points 6 months ago (0 children) Commenting - BTC is sub $20k - check back when it breaks $100k permalink embed save report give award reply [–]chinguyeyeo 0 points1 point2 points 6 months ago (0 children) Just leaving a footprint too. History was made. It'll be made again soon. permalink embed save report give award reply [–]HODL-THE-LINE 0 points1 point2 points 6 months ago (0 children) I can be in this so I want to be in this. Hello world! Hi Alexander! I love you, son! permalink embed save report give award reply [–]laumbr 0 points1 point2 points 6 months ago (0 children) Love this thread! permalink embed save report give award reply [–]_Vegemite 0 points1 point2 points 6 months ago (0 children) Please remind me in another 13 years that I posted here and see if I’m still a hodler and believer permalink embed save report give award reply [–]JRDN7 0 points1 point2 points 6 months ago (0 children) Posting for posterity, current spot price $19,109 USD permalink embed save report give award reply [–]theabominablewonder 0 points1 point2 points 6 months ago (0 children) Looks interesting, might buy a couple permalink embed save report give award reply [–]christmascarolcat 0 points1 point2 points 6 months ago (0 children) Cool. permalink embed save report give award reply [–]ClamCrusher31 0 points1 point2 points 6 months ago (0 children) Bitcoin permalink embed save report give award reply [–]MinimumWar269 0 points1 point2 points 6 months ago (0 children) Should have definitely listen to my coworker who told me to buy 1k of BTC in 2012/2013 and mine it, as I was IT manager and ran a 100+ computers infrastructure, working H24, 7J/7, total control.. I snobbed him.. 10 years later, have 2 BTC and I feel so dumb 🤷‍♂️ permalink embed save report give award reply [–]dirkgent 0 points1 point2 points 6 months ago (1 child) see you in 13 more years permalink embed save report give award reply [–]DockyX 0 points1 point2 points 6 months ago (0 children) RemindME! 13 years permalink embed save parent report give award reply [–]Euphori333 0 points1 point2 points 6 months ago (0 children) It’s like entering a time warp permalink embed save report give award reply [–]TexasBoyz-713 0 points1 point2 points 6 months ago (0 children) I would not be able to live with myself if I knew 100% about Bitcoin 13 years ago, and didn’t buy not a single cent’s worth. permalink embed save report give award reply [–]llllllllllllllll12 0 points1 point2 points 6 months ago (0 children) Bought in 2019 - DCA ever since. Thank you. permalink embed save report give award reply [–]plug_and_pray 0 points1 point2 points 6 months ago (0 children) Buy Bitcoin it will be worth thousands in the future! permalink embed save report give award reply [–]spyalien 0 points1 point2 points 6 months ago (0 children) What’s Bitcoin ? permalink embed save report give award reply [–]WarGawd 0 points1 point2 points 6 months ago* (1 child) And 13y later we're still early. RemindMe! 1 year permalink embed save report give award reply [–]RemindMeBot 0 points1 point2 points 6 months ago* (0 children) I will be messaging you in 13 years on 2035-10-15 13:22:56 UTC to remind you of this link 1 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam. Parent commenter can delete this message to hide from others. Info Custom Your Reminders Feedback permalink embed save parent report give award reply [–]ECore 0 points1 point2 points 6 months ago (0 children) One of the best uses for Bitcoin was cointube back then. Somehow you got dust Bitcoin for watching YouTube videos. I accumulated 1 Bitcoin that way..well including faucets and games. Too bad all those dust transactions f'ed my wallet up and I had to spend quite a bit of it to free it up....I wish I let it be f'ed up permalink embed save report give award reply [–]YaZEUS 0 points1 point2 points 6 months ago (0 children) RemindMe! 5 years permalink embed save report give award reply [–]novacastrian90 0 points1 point2 points 6 months ago (0 children) I had heard about bitcoin back then, and really wanted to get some but i was too lazy to even read about how to get it. permalink embed save report give award reply [–]ahsieh 0 points1 point2 points 6 months ago (0 children) leaving my mark on the first btc post permalink embed save report give award reply [–]wilplatypus 0 points1 point2 points 6 months ago (0 children) This thread is already in Bitcoin history books. Viva la Satoshi permalink embed save report give award reply [–]B4N3x10 0 points1 point2 points 6 months ago (0 children) Wish I was here 13 years ago. Damnnn! permalink embed save report give award reply [–]rainforestguru 0 points1 point2 points 6 months ago (0 children) Jasmy? permalink embed save report give award reply [–]RkBaby 0 points1 point2 points 6 months ago (0 children) Rk permalink embed save report give award reply [–]awdi4life 0 points1 point2 points 6 months ago (0 children) Epic post, can't wait to see what btc is worth in 10 years since it's at 19k rn. permalink embed save report give award reply [–]tohbeats 0 points1 point2 points 6 months ago (0 children) This is always great to read. 🧡 permalink embed save report give award reply [–]_main_chain_ 0 points1 point2 points 6 months ago (0 children) Sats To The Future permalink embed save report give award reply [–]2WYCE 0 points1 point2 points 4 months ago (0 children) This is an amazing historical Bitcoin monument! I remember buying a few bitcoin back then as a test just to use it to anonymously buy what I really wanted. Nothing illicit, I just thought it was a cool concept and as a tech nerd engineer I just wanted to try it out. The thing is, at that time, I had no experience or knowledge about INVESTING in anything at all. The actual value of Bitcoin itself did not occur to me one bit. I just looked at it as a way to send DOLLARS over the internet anonymously, and that's all. Nothing else. When I finally caught on to investing, bitcoin was not on my radar. I tried stocks off and on but couldn't grasp it. I ended up trying real estate, and I've done quite well with that. Bitcoin and crypto weren't even on my radar. It wasn't until COVID hit in 2020, and I decided that was going to be my best opportunity to get into the STOCK market. I installed Robinhood for that purpose, and Bitcoin happened to be in the app. That started my bitcoin & crypto investment journey. Still, as a noob, I didn't buy most of it until it was 40k, 50k. Lol. Now I'm smarter about accumulating it through this bear market and if it repeats history, I'll be prepared this time. There's probably still about 7 BTC (less than $1 worth at the time) in my long-gone original "test transaction" wallet from 2010. 😂😂 I know most won't care about this. I posted this as a "flag 🚩 at this historical Bitcoin monument", mostly for the reading pleasure of my future self. 🤓 permalink embed save report give award reply [–]CandyCanePapa 0 points1 point2 points 4 months ago (1 child) Why is this piece of historical footage unarchived permalink embed save report give award reply [–]CandyCanePapa 0 points1 point2 points 4 months ago (0 children) 14 Years later and it's still early, BTC 16933 USD. RemindMe! 14 years "People complain about not having bought Bitcoin 14 years ago. Buy bitcoin now so you won't be complaining in 14 years." permalink embed save parent report give award reply [–]Wakenbake585 0 points1 point2 points 3 months ago (0 children) An annoying kid I worked with back in 09-10 told me about Bitcoin and it just went in one ear and out the other. He must've never bought any because he's still doing the same job. permalink embed save report give award reply [–]SPYalltimehightoday 0 points1 point2 points 1 month ago (0 children) Hi, I’m apart of history now. permalink embed save report give award reply [–]Tim207251 0 points1 point2 points 1 day ago (0 children) hmm... this thread has aged very well! Long live BTC. ❤️ permalink embed save report give award reply