Post
Topic
Board Nigeria (Naija)
Re: Getting Bitcoin may become more difficult in the future than it is now.
by
Showlove01
on 24/07/2025, 20:21:12 UTC
I believe the reason why Gavin was giving out 5 Bitcoin free was because back then the value of Bitcoin was almost nothing compare to now that the value of Bitcoin is crazy. And some of the people that was dashing out Bitcoin and were using it anyhow are somehow regretting now because they didn't know Bitcoin will be this great and Bitcoin will continue to be great as long as it continue to exist.
I disagree with you bubby, because what you said above is not the reason why Gavin was giving out 5 bitcoin. If you read what Mr Gavin said on that thread you will understand that the reason why he was giving out 5 bitcoin for free to people was because he want the Bitcoin project to succeed, because he thought that the bitcoin project is more likely to be a success if people can get a small amount of bitcoin's to try it out.  And not because bitcoin had no value back then, although there is no doubt that bitcoin value now can't be compared to back then when the bitcoin project was just starting, am still putting to you that even with the current price of bitcoin there are people out there who are still capable of giving out 5 bitcoin to people for free just as Gavin did back then.

I think Derekfunds is correct because as of 2010 the value of Bitcoin was $0.39 which is almost same thing as nothing compare to Bitcoin now according to what Derekfunds said and it is true and back then I think our currency naira has more value than dollar or they were almost equivalent. So if I may ask @Joy maker do you think Gavin would have given out 5 Bitcoin free to people if the value was big back then? Even though he wanted people to have this asset? It is obvious this answer is NO. I and think 2010 was the same year someone used $10k Bitcoin to buy pizza, I always laugh out loud anytime I imagine someone doing this because seeing the value of Bitcoin now it is really crazy.