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Bitcoin => Press => Topic started by: pawel7777 on April 05, 2016, 04:16:21 PM



Title: [2016-04-05] ArstechnicaUK: How one free software project gained, lost, and...
Post by: pawel7777 on April 05, 2016, 04:16:21 PM

How one free software project gained, lost, and found £300,000 in Bitcoin donations

http://arstechnica.co.uk/information-technology/2016/04/bitcoin-wallet-lost-and-found/

Quote
When the Tahoe-LAFS free software project started taking Bitcoin donations way back in August 2010, they received more than 200 BTC within the first four months—enough to buy "a couple months of hosting, or some pizza, but not both," co-founder Brian Warner wrote in a recent posting to the tahoe-dev mailing list. At the time those 200 BTC were worth about $50 or £35.

Then the price of Bitcoin began its meteoric rise, hitting $15 per BTC in January 2013. The Tahoe-LAFS team started to realise they were sitting on quite a stash. Bitcoin donations had continued to trickle in, and their pizza and hosting money—some 375 BTC—was now worth around $6,000 or £4,200.
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