Fucking hell! A million quid for that paper? That only happens in the USA, which is quite fond of auctions and people are willing to pay a lot of money for extravagances like in this case. Although I recognise that it had a certain historical importance, with the sign, I personally wouldn't pay a penny for it.
Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.[/font][/size]
Fucking hell! A million quid for that paper? That only happens in the USA, which is quite fond of auctions and people are willing to pay a lot of money for extravagances like in this case. Although I recognise that it had a certain historical importance, with the sign, I personally wouldn't pay a penny for it.
I don't think the proceeds will go to fund Tirrel Corp's development of the Bitcoin Lightning layer, so the higher purchase price may be to reduce taxes or whatever the reason.
It's a good thing it wasn't sold as an NFT or the photo was sold, otherwise it would be too crazy.QuoteProceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.[/font][/size]
In a prior interview with CoinDesk, Christian Langalis, who held up the sign, said the proceeds would go to fund his startup, Tirrel Corp, which is developing a Bitcoin Lightning network wallet on Urbit.
In an interview with CoinDesk, Langalis said he would use the proceeds to fund his company, Tirrel Corp. The pre-seed-stage startup is building an implementation and wallet for Bitcoin's layer-2 Lightning network on top of Urbit, an open-source software project that attempts to rewrite the entire internet computing stack from first principles.
~snip~
While AFAIK it's small amount for business on U.S., do we really need another open source LN wallet/implementation?
I still see it is related to taxes. Instead of financing a million-dollar project and paying taxes, it is better to buy a piece of art and donate its proceeds to the project. I do not know if this will reduce taxes or not, but it is good that it is not an NFT.
While AFAIK it's small amount for business on U.S., do we really need another open source LN wallet/implementation?