03-30-2023, 11:21 AM
Erik Voorhees sold his Bitcoin-based gambling website "SatoshiDice" in 2013 for 126,
<!-- SC_OFF --><div class="md"><p>Seeing someone on reddit create a roll dice mechanic where they would get coins if they won and lose them when they lost, he contacted them to hire them for his project, which he named "SatoshiDice".</p> <p>The website saw Bitcoin being used to gamble on it more than any other uses in the internet, causing huge popularity around the time.</p> <p>But Erik Voorhees eventually reluctantly decided to sell his website for around 126,315 Bitcoins, which only amounted to $12m at the time.</p> <p>It's safe to say he made a lot of money if he just held on to those 126K Bitcoins. Around $3.4 billion in today's value of Bitcoin.</p> <p>We always see people who had bought some small amount of Bitcoin back then which still would amount to a lot, but never around 126K, from $12m to billions. Just shows how much Bitcoin has come.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Elie0_0"> /u/Elie0_0 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1260ws0/erik_voorhees_sold_his_bitcoinbased_gambling/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1260ws0/erik_voorhees_sold_his_bitcoinbased_gambling/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Seeing someone on reddit create a roll dice mechanic where they would get coins if they won and lose them when they lost, he contacted them to hire them for his project, which he named "SatoshiDice".</p> <p>The website saw Bitcoin being used to gamble on it more than any other uses in the internet, causing huge popularity around the time.</p> <p>But Erik Voorhees eventually reluctantly decided to sell his website for around 126,315 Bitcoins, which only amounted to $12m at the time.</p> <p>It's safe to say he made a lot of money if he just held on to those 126K Bitcoins. Around $3.4 billion in today's value of Bitcoin.</p> <p>We always see people who had bought some small amount of Bitcoin back then which still would amount to a lot, but never around 126K, from $12m to billions. Just shows how much Bitcoin has come.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Elie0_0"> /u/Elie0_0 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1260ws0/erik_voorhees_sold_his_bitcoinbased_gambling/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1260ws0/erik_voorhees_sold_his_bitcoinbased_gambling/">[comments]</a></span>