Re: Back then, people gambled whole Bitcoins - imagine the value today
I found this old screenshot showing how players used to gamble in full Bitcoin units. As you can see, bets were in the hundreds of BTC, win or lose in just one click.
At that time, 160+ BTC might not have looked insane. But if you think about it today, that kind of stake is already worth tens of millions of dollars.
Stories like Nakowa’s, where someone won or lost 11,000 BTC, would now be worth over a billion USD if those coins had just been held.
It just proves how different things were back in the early days.
Back then, gambling sites didn’t use decimals or sats, it was whole Bitcoin bets.
The value wasn’t as “precise” as today, people threw around BTC the way we throw around a few bucks now.
Now that Bitcoin has grown so much, gambling in full BTC is almost unthinkable. Everything is already calculated in fractions (mBTC, sats).
So for discussion purposes,
Do you think the players back then had no idea about the future value, or they just didn’t care?
The awareness and value has grown beyond such thinking now, people has seen and understood the importance of bitcoin and how profitable it will be to them when holding such amount of bitcoin now compared to that time .
The future of bitcoin was not that very clear and so gamblers seems bitcoin as the same as other currency that can be used anyhow, but right now bitcoin has beaten a lot of persons imagination in performance and so people sees it as more valuable than gold now therefore should not be spent anyhow but keep for the betterment of their future.