If only I knew what a Bitcoin was in grade 10

For those of you who don’t know what a Bitcoin is or are kind of confused about it, you can go to this website to learn more about it. They have a really cool instructional video.

On October 5, 2009, about a month after I had started grade 10, the very first trading price for Bitcoin was published by New Liberty Standard. The price for one Bitcoin (BTC) was $0.00076392443. That’s $1.00 for 1,309.03 BTC. People thought that price was outrageous and should be lowered. Today, on MtGox, one of the world’s most renowned BTC Exchanges, 1 BTC is worth about $630.00.

That’s a huge jump.

That means that if I had bought $1.00 worth of Bitcoins back on October 5, 2009, that $1 would now be worth $824,877.90. My crappy, slightly oxidized, dirty, bent, scratched loonie which weighed a total of about 7.00 grams, would now be 43.30515kg (95.4715 pounds) of $20 bills (plus a 10, a 5, a toonie, three quarters, a dime, and a nickel). Or, if I were to keep it in loonies, 5,171.97879kg (11,402.3lbs — about the weight of a small Adult Male African Bush Elephant).

If I had spent the $1000 that I probably saved up around then and used to buy a guitar or something to instead buy bitcoins, I’d have well over three quarters of a billion dollars.

Sometimes I really wish I had a time machine.