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?
Clearly every amount they lost was what they could afford at that time when Bitcoin was not really high in value. Imagine someone losing BTC In a day now, no matter how rich the person might be the impact of that loss would be felt. No one knew Bitcoin would increase exponentially even though some experts predicted it, not many people took it seriously back then. There are definitely those that regret losing those amounts in the past