Flink 🎩
@flonkdog
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Bitcoin’s First Million-Dollar Transaction
In 2013, a million-dollar Bitcoin transaction was completed by Mt. Gox, a cryptocurrency exchange that was once the largest in the world. The buyer, who remains anonymous, purchased $1 million worth of Bitcoin from a seller using a single transaction, marking the first time Bitcoin crossed the $1 million threshold in value.
At that time, Bitcoin was still largely viewed as an experimental and volatile asset, and most people were skeptical about its future. This milestone showed its growing acceptance as a legitimate currency. However, Mt. Gox’s downfall was swift: just a year later, the exchange was hacked, and 850,000 bitcoins were stolen, causing a massive crash in the market.
Despite this setback, the million-dollar transaction stands as a significant turning point in Bitcoin’s history, signaling its potential for high-value exchanges. 0 reply
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Ross Ulbricht Granted Freedom
On January 21, 2025, former U.S. President Donald Trump granted a full pardon to Ross Ulbricht, the founder of the Silk Road, an infamous dark web marketplace. Ulbricht had been serving a double life sentence without parole since 2015 for crimes including drug trafficking, money laundering, and hacking.
Supporters argued his sentence was overly harsh for a non-violent crime, while critics worried about the precedent set for cybercrime cases. After over 11 years in prison, Ulbricht’s release reignited debates about justice, online freedom, and the ethical limits of digital marketplaces.
(Sources: The Guardian, Wired) 0 reply
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Dorian Nakamoto: Mistaken for Bitcoin’s Creator
In 2014, a Newsweek article claimed Dorian Nakamoto, a retired engineer in California, was Bitcoin’s mysterious creator, Satoshi Nakamoto. The claim was based on coincidences: his name, engineering background, and a vague comment about “no longer being involved.”
Media swarmed him, but Dorian denied any connection to Bitcoin, saying he didn’t even know what it was. The real Satoshi later reappeared online, stating, “I am not Dorian Nakamoto.”
The mix-up turned Dorian into an accidental celebrity, but Satoshi’s true identity remains a mystery. 0 reply
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Laszlo Hanyecz and the Most Expensive Pizzas in the World
In 2010, Laszlo Hanyecz, a programmer from Florida, made history by completing the first-ever real-world purchase with Bitcoin. He spent 10,000 bitcoins on two pizzas from a local chain. At the time, Bitcoin was worth so little that this transaction seemed like a fun experiment.
Hanyecz posted on a forum, offering to pay 10,000 BTC to anyone who would order pizza for him. Another user accepted the offer, ordered two pizzas, and received the Bitcoin. Back then, the amount was worth about $40 USD.
Today, those same pizzas are known as the most expensive in history: 10,000 BTC are now worth billions of dollars.
The story became legendary in the crypto world, and May 22 is now celebrated as “Bitcoin Pizza Day”, marking a moment that showcased Bitcoin’s potential as a real-world currency.
Can you imagine paying billions for pizza today? 0 reply
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James Howells and the Lost Bitcoin Fortune
In 2013, James Howells, a British IT worker, accidentally threw away an old hard drive containing 8,000 bitcoins he mined in 2009, back when Bitcoin was almost worthless. Years later, as Bitcoin’s value skyrocketed, he realized the hard drive was worth billions of dollars—but it was buried in a landfill in Newport, Wales.
Despite numerous attempts to convince local authorities to let him excavate the landfill, citing plans to use advanced technology like AI and robots, his requests were denied due to environmental and safety concerns.
To this day, the hard drive remains lost, a reminder of the high stakes of digital assets—where a single mistake can mean losing a fortune forever. 0 reply
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