Early days of bitcoin or how some like to remember them, the Wildest Wild West days of bitcoin were some quite fun times.
Early days of bitcoin or how some like to remember them, the Wildest Wild West days of bitcoin were some quite fun times. To stay fair, then the majority of talk that concerned bitcoin around that time were associations with dark webs and illegal anonymous activities, not the brightest shade if you ask us but despite the rocky ride real visionaries never lost sights on the true potential of blockchain technology and even built multi-million dollar businesses on top of it!
Marek Palatinus, known as Slush in the blockchain community, has recently given an interview where he spoke out about how he had started one of the largest bitcoin mining pools today with a forty-five dollar investment, he spent it on a virtual hosting machine and continue to build a multi-million dollar business on top of it which helped him seed the development of a Trezor hardware wallet, which is one of the most popular BTC hardware wallets used today.
Unfortunately, there is no reason to get too excited about Slush building his empire for peanuts, at least not if you are thinking that you will do it as well. To be frank, then you could probably find something other blockchain related and turn it into a fortune while starting from scratch but building a mining pool for a small investment is an impossible task today due to the high hash rate competition on the network.
One of the big differences between the blockchain technology and many other innovations that mankind has witnessed in the past century is that the early stages of development have been open for anyone rather than have it closed for a private group, which has been a favorable factor towards the little guy finding a way for his come up.
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Blockchain has completely disrupted the monopoly surrounding inventions and we hope to see many progressive applications for our daily use in the future. Do you have a favorite blockchain application or platform that you use daily? Have you heard of any other bitcoin "get rich for cheap" stories? Did you happen to invest in digital currencies from the early days on? Please let us know in the comments below and earn a 250 Thank You Freeroll Ticket! One entry per person and this expires 19/08 at 20:00 EST. Thank you.