Tim Draper
Tim Draper|1月 30, 2026 17:01
Fun feature in the History of Bitcoin about the time I bagged 30,000 of the black market BTC at auction. The night before the auction, I decided that I would actually bid over the market price. The market was $618 and I bid $632. My thinking was this: either Bitcoin would be extraordinary and transform the world economy, or it wouldn’t. If it did, the market for Bitcoin against fiat would be infinite, as Bitcoin rose and the dollar fell. If it didn’t, I would lose my investment. It didn’t really matter much if I bid $617 or $632. I was surprised that I won all nine lots, and I ended up buying more than was prudent for me, so I tried to get my old partnership at DFJ to share the purchase, but they didn’t want it, so I ended up owning the whole thing. I had to wait about an hour for the six verifications to go through as the blockchain was so slow back then. I made the US Marshall’s office stay on the phone for the entire verification. I had to pay them the money upfront, and they needed to deliver the bitcoin. https://www.historyofbitcoin.io/timeline/cheap-coins(Tim Draper)
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