in the millions of dollars.
I got curious this afternoon and did some research on the “Buttcoin” movement. To my surprise, I found out it has actually been around for a really long time – some of these guys were absolute trail-blazers in terms of their awareness of the project. The movement started in late 2009/early 2010 on the Something Awful forums when Bitcoin was valued at only 0.25 cents. It really gained steam when it shifted off Something Awful and to the site we know and love – at that time BTC was still only $16.54.
The movement has been saying Bitcoin was a bubble/scam that would crash into the ground and not see any real adoption since its inception. Surprisingly, their core user base were some of the first people to hear about Bitcoin. Over time their movement morphed to focus on the wider cryptocurrency ecosystem, including hugely adopted projects like Ethereum.
This gave me a lot of perspective on why they would be so passionate about the issue. If you had invested just $100 in Bitcoin when the movement arrived, you would now have over $187,500. That’s a huge opportunity cost and can be quite depressing to think about. It’s easy to see why they would be so passionate about this issue, and it’s an important reminder to all of us of the potential of cryptocurrencies.