Michael Terpin
đ€ SpeakerAppearances Over Time
Podcast Appearances
And he said, hey, can you exchange Bitcoin for euros?
And he's like, what's a Bitcoin?
And he researched it, found out, and found somebody who was willing to go and pay for
you know, euros for Bitcoin.
This is around 2010, so it was probably one of the first sales of Bitcoin.
And then he, after he did that, he said, hmm, I'm a techie.
Why don't I know about this Bitcoin?
So he went, read the white paper, downloaded the software.
Back in those days, the software actually had mining built in.
You would just turn on your computer, boot up the software, and it would start mining for you.
Within an hour, he had 50 Bitcoin.
Holy.
And he's like, well, I guess it must not be very valuable if it's this easy to get Bitcoin.
He's like, but you know what?
Somebody was willing to pay for it.
So I guess I should probably put it on a few more computers.
And because he also had a hosting company,
He was a partner in a payments company, but he owned a hosting company.
He probably had 30, 40 computers.
He loaded the Bitcoin software on every one of them.