Didi Taihuttu expects the price of bitcoin will soar, so much so that he’s selling his house, car, and other valuables to obtain even more of it.
Now, 39-year-old Taihuttu is living at a campsite with his wife and three children, waiting till 2020 for his investment in cryptocurrency to pay off, according to Business Insider.
The cramped living space may be a bit different from the four-bedroom home the Taihuttu family, from the Netherlands, was used to, but since the house was sold under reservation partly for bitcoin in August, the value of a single bitcoin has gone from $3,700 to $4,800.
“At first my wife doubted the decision, wondering if it was the right decision for our kids — as did my brother and sister... but they are now supportive of the plan," Taihuttu told Newsweek.
Via Business Insider:
Taihuttu thinks digital coins such as bitcoin and the blockchain technology behind it are transforming the role of money and banks in society.
With blockchain, no third party is required to approve a payment — a role currently performed by banks — and a network of computers keeps a record of all transactions.
“The Internet was a revolution for information. I think that blockchain and cryptocurrency are revolutionising the monetary system,” says Taihuttu. “In five years’ time, everyone will say: ‘We could have seen it coming.’ I am responding to this change now.”
Image: BTC Keychain
Drug dealer Clifton Collins, 49, invested his earnings in bitcoin, eventually racking up $60 million. For safekeeping, he printed the PIN codes to access his accounts and stored them in a fishing rod case at his house. But after Collins was busted on a weed charge and sent to jail, his landlord had all of […]
The US Marshals, the agency tasked with the management of criminal assets, should have held onto the bitcoin they’ve seized. According to security company CEO Jameson Lopp’s US Marshals Bitcoin Auction realtime schadenfreude tracker the weak hands at the federal law enforcement agency have resulted in missing $1.7 billion in potential gains. From Decrypt: Of […]
It costs $1 in bitcoin to receive an in-game life on the SatoshiQuest Minecraft server. From there, you can start looking for bitcoin treasure (equal to 90% of the money collected from all the players) hidden within the blocky simulated world. From Coindesk: The first round of SatoshiQuest began on Jan. 26 and the game […]
Whether you love cooking at home or you swore this was going to be the year you curbed your DoorDash addiction, you know you can’t get the job done well without the proper tools on hand. For all your recipe and meal prep needs, this 3-piece Sukasu Osami Chef’s Knife set will do you right […]
It may not rank up there with climate change or personal debt, but confess…isn’t it the worst when you’re trying to put a food container in the fridge, but can’t find the right lid to fit? Hey, not everything has to be a global crisis to be irritating to the core. But still…it’s even more […]
Assembling a truly autonomous smart home is getting closer and closer to reality every day. But for every new smart bulb, thermostat, home security system and appliance we set loose within our walls, there are still probably a half dozen “dumb” items we’d still love to replace. But whether they’re too costly or too big […]