At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018. Last week was the second installment of my year of cryptocurrency. This week’s challenge was particularly easy to accomplish because I was at the North American Bitcoin Conference in Miami. Let’s dive in.
Literally almost everyone I spoke with this past week was already well-informed about cryptocurrency or a new, curious person who had decided to go to the conference. However, I did get the chance to speak to some people not from the conference. Here are a few highlights from the latter conversations.
This was no difficult task at the conference. My favorite new tidbit of knowledge is not necessarily technical, but incredibly interesting nonetheless. In his fireside chat, Charlie Shrem brought up just how lax people had been with their Bitcoin at the beginning. I knew that it was far worse then than it is now, but I had not realized just how different it was. Charlie said that he and his friends would often have poker nights with Bitcoin as the pot, and that every now and then people would lose the private keys to 20 Bitcoin and not really care, since it used to be so cheap. 20 Bitcoin is worth an incredible amount of money now, and what’s been lost is now irretrievable.
He also mentioned that his first experience receiving Bitcoin involved a transaction in the amount of 1,000 BTC. I was stunned.
While at the conference, I sent my friend some Dogecoin for his birthday and another friend some Litecoin because she seemed interested. The paper wallets I used were basic, but I told my friends to keep them safe. A pro-tip: if you’re ever giving away paper wallets, make sure to keep the private keys and set an expiry on them so that they don’t end up as lost coins. If they throw away the paper or lose it, you can always just reclaim and resend!
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