DFJ
35 posts
@nikitabier is this why my password reset is failing for rebate? Registered for blockbates.com and now showing up on marketplace?
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@TimDraper We thought 3 letter social accounts would be worth more than magic internet money!
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Fun feature in the History of Bitcoin about the time I bagged 30,000 of the black market BTC at auction.
The night before the auction, I decided that I would actually bid over the market price. The market was $618 and I bid $632.
My thinking was this: either Bitcoin would be extraordinary and transform the world economy, or it wouldn’t.
If it did, the market for Bitcoin against fiat would be infinite, as Bitcoin rose and the dollar fell.
If it didn’t, I would lose my investment. It didn’t really matter much if I bid $617 or $632. I was surprised that I won all nine lots, and I ended up buying more than was prudent for me, so I tried to get my old partnership at DFJ to share the purchase, but they didn’t want it, so I ended up owning the whole thing.
I had to wait about an hour for the six verifications to go through as the blockchain was so slow back then. I made the US Marshall’s office stay on the phone for the entire verification. I had to pay them the money upfront, and they needed to deliver the bitcoin.
historyofbitcoin.io/timeline/cheap…
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DFJ retweeted
I initially bought Bitcoin for $4 per coin.
Not because I understood the tech (I didn't).
Not because I saw the future (I couldn't).
But because someone explained how digital currency could change the world for people who didn't have traditional banking access.
I had committed $250K to CoinLab and another $250K to purchase coins at $4 per coin when Peter Vinceennes (founder of CoinLab) said he'd mine it for me.
Peter tried to store the bitcoin at Mt. Gox, and the money “disappeared.”
When the US Marshal's office auctioned 30,000 bitcoins, I jumped back in.
I bid $632 per coin vs. market price of $618 because I believed Bitcoin was truly changing the game. I won all nine lots.
The price almost immediately fell to $180, but I held on.
To thank the speakers at the first class of Draper University, I gave them some physical Bitcoin coins.
Some of them have torn apart their houses looking for them.
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DFJ retweeted
We've just hit 10,000 trunks minted!! 👀
Huge thanks to our community!
We're doing a BIG GIVEAWAY of three Rare Genesis Trunks: a peaceful Golden Elder Spruce, a Bubblegum Moon Rug, and a Golden Ape Empress Treehouse.
Retweet for a chance to be one of three lucky winners!
🌲❤️
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After a 60%+ market crash, it'll take more than a small bounce for me to shift bias back to bull market bullish.
Cautious until we capture $45,000 $BTC and $3400 $ETH.
Will be patient here. Don't need to catch exact bottoms or sell exact tops to make money.
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gm, it’s a good day to build, and I will be coding today, if you have dev questions about @solana, reach out.
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@CryptoCobain @CryptoMaestro This is a great argument, crypto never goes negative like oil futures. A wise man once said worst case scenario is that you lose all your money.
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@falcon_trading Biggest takeaway for me is that the entire market matters. I let the meme coins distract me from clearer signals like ETC.
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@CryptoCobain @dfj @ledgerstatus that was literally left side of the curve looking for a cheaper eth that caused etc to run decently hard
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