Who here traded Bitcoin back in 2009 for $0.00099 per bitcoin?
The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price mediated through an exchange a bargain basement price of $0.00099 per bitcoin. In other words, the price was about one-tenth of one cent.
That was insanly cheap, but I wonder if that amount covered the seller's electritcy bill for mining Bitcoin. If did then he was maybe dealing it like free money by leaving your PC idle . Haha it's fascinating how they calculated it. Would like to hear more from Forum's OG members.