Wednesday, January 08, 2014

Lily Allen's bitcoin bargain

Showing the sort of nous she brought to the clothes business, Lily Allen missed out on a great deal:

Although maybe she wasn't making such a bad decision.

After all, five years ago, "hundreds of thousands of bitcoins" would have been almost the entire supply of bitcoins, and even three and a half years ago, you'd need to scrape together 10,000 of the coins to buy a couple of pizzas.

So even if you move the timescale so the eyebrow raising bit is not the number of bitcoins on offer, but someone wanting to stream a gig in Second Life, the value of the offer would have been fairly small. Especially considering this was a point when Allen had quit, or sort of quit, music.

All rather odd.

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