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'What Bitcoin Did', Interview Peter McCormack And Erik Voorhees, Venice AI Discussed!

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First published at 22:25 UTC on June 15th, 2024.

#bitcoin
#ai
#news

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Enlightening to hear two bright bitcoiners talk about Venice AI and bitcoin. At one point, Erik's invention, 'Satoshi Dice' was using 50% of bitcoin's total worldwide capacity.
How much did Erik Voorhees get for his bitcoin gambling game, 'Satoshi Dice', when did he sell it, what was he paid and what was bitcoin worth at the time?
Perplexity Answer: "
Erik Voorhees sold his popular bitcoin gambling website 'SatoshiDice' in July 2013 for 126,315 bitcoins. At the time, this was worth around $11.5 million, with bitcoin trading at around $90.
Key Details
Voorhees sold SatoshiDice in July 2013 for 126,315 BTC
The sale price of 126,315 BTC was worth approximately $11.5 million at the time
Bitcoin was trading at around $90 per BTC when the sale occurred
Voorhees paid shareholders a premium of 0.0035 BTC per share, which was 277% above the sale price and 175% above the market price of SatoshiDice shares
This was almost 3 times higher than what private owners received for their shares
The sale of SatoshiDice represented one of the first major acquisitions of a bitcoin company and demonstrated the growing value and adoption of bitcoin in the virtual economy at that time."

Today the price of bitcoin is $66,086.72 and those 126,315 bitcoins has a value of $8,347,744,036
At the time Erik sold, he was making $2,000 per day with SatoshiDice or 4,173,872 days which is 11,427 years, so he made a good move!

'What Bitcoin Did' Link to this video:
https://www.youtube.com/watch?v=Vr3wFGoowUk&pp=ygUNZXJpayB2b29yaGVlcw%3D%3D

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