10,000 Bitcoins for a mining client \ stacker news ~bitcoin

pull down to refresh

Did you know Jeff Garzik offered 10,000 Bitcoins to Bitcointalk user puddinpop to open-source his new GPU mining client?

Though not the 1st GPU miner, puddinpop was the 1st one to share his GPU miner to the public.

But it was closed source and took 5 BTC out of each block!

After getting payed the 10,000 Bitcoins by Garzik he released the client to the public.

The address where he got the payment, still has ‎575 Bitcoin that are not spent.

At the time of the transaction the 10,000 Bitcoins were worth $615.

Links:

Definitely things that will never come back... Thanks for posting⚡

Haha, absolutely.

The question is what are those things that are happening today? :D

YW.

People didn't realize true value of Bitcoins the same way we don't realize true value of sats today

They realised it very well.

Bitcoin was a dinky science experiment that had a very low chance of succeeding.

And the value of something is what someone else is willing to pay for it.

Do you really think today someone would pay 10000 Bitcoin for the same deal?

Thats exactly my point.

What I was criticising was "People didn't realize true value of Bitcoins", that was the true value at that time.

There is no such thing as true value of anything.

Now I got you. I meant we have current value but we don't realize how huge this value may be in the future

Well yeah value of something, is just the price of it at a moment t in a market.