Bitcoin History Part 22: The New Wealthy Elite

“I am pretty confident we are the new wealthy elite, gentlemen, even with a sum as small as 10 bitcoins … The world just isn’t going to be the same and we have been blessed as the pioneers.” When these remarks were made in June of 2011, they seemed hopeful to the point of delirium. Commencing a thread on the Bitcointalk forum, the declaration triggered a wide-ranging discussion about Bitcoin’s potential in the years to come, with the thread eventually topping out at 232 pages. Opinion was divided, but looking back, that anonymous poster’s prediction was prescient.

Also read: Bitcoin History Part 21: Miners Pour One out for Satoshi

Blessed as Pioneers

When the original poster wrote “The world just isn’t going to be the same,” he wasn’t talking about politics, war or ever more powerful AI systems: he was forecasting a time when cryptocurrency powers the global economy, with bitcoin’s price steadily rising in line with demand. In an…