Bitcoin2022 Satellite Event - Auction of the First Car Bought With Bitcoin

In 2013 Rassah, a famous Bitcoin developer, became the first person ever to purchase a car with Bitcoin. He paid 1000BTC for the Toyota Prius. At today's bitcoin value, that makes it roughly a $48-million dollar prius!!  Rassah never regretted his pizza-like purchase, and intended to keep driving the million-dollar-prius forever. 

Unfortunately, the car recently had a crash, and is no longer in driving condition. He was about to surrender the car to his insurance company, but we couldn't let such a historic item get scrapped. 

We took the crashed car off his hands with the intention of auctioning it off during the Bitcoin2022 conference in Miami.  We want this historical artifact to go to someone who has the means to provide a proper forever home where it can be preserved for future generations. 

A unique 1-of-1 commemorative NFT will be minted in the Bitcoin blockchain and presented to the auction winner as well.

How to Bid:

Bidding starts on Wednesday April 6th, and will conclude on the evening of Saturday April 9th.

All bidding will be done online. Attendance at the event is not necessary to participate in the action. The auction will be facilitated by ScarceCity.

All bidding will be conducted through the following link:

https://scarce.city/auctions/the-bitcoin-car

This link may be used for more information about how to participate in a ScarceCity auction:

https://scarce.city/faqs

It's not just an auction...it's a PARTY too!!

The auction will be hosted at the historic Esquina de Abuela venue in Miami.  This location is also the home of the first ever graffiti NFT, which was minted on the Bitcoin blockchain in 2019.  Besides the historic auction, we will be having a big party to celebrate how far the industry has come in such a short time. We will have live music and an open bar.  The venue is smoker-friendly as well. Everyone from the Bitcoin and crypto community is invited.

AGENDA - Saturday April 9th - Miami

7:00pm - Doors open

7:30pm - Party starts, bar is open

9:00pm - Presentations and talks by VIPs

10:00pm - Auction ends

Reference articles:

https://www.coindesk.com/markets/2019/02/23/the-first-car-purchased-with-bitcoin-is-now-the-worlds-most-expensive-prius/

https://www.thedrive.com/tech/33426/the-48-million-toyota-prius-and-four-other-cars-bought-in-bitcoin-worth-millions-today

https://bitcoinexchangeguide.com/man-who-bought-first-ever-car-with-1000-bitcoin-btc-gives-update-on-toyota-prius-purchase/

https://carsradars.com/news-features/the-48-million-toyota-prius-and-other-cars-bought-in-bitcoin-worth-a-fortune-today

https://www.cryptonewslist.com/the-first-car-purchased-with-bitcoin-is-now-the-worlds-most-expensive-prius/

https://www.autoracing1.com/pl/330506

https://autojosh.com/1000-bitcoin-used-to-buy-this-toyota-prius-in-2013-is-now-equivalent-to-48-6m-today/

Condition of the Car:

This is being sold as a historical artifact, not as a functional vehicle. The car does start, but generally needs to be jump started. It runs enough to be loaded onto a truck, but can not be driven for an extended period of time without the risk of overheating. BUYER IS RESPONSIBLE FOR TRANSPORTATION OF THE CA AFTER WINNING THE AUCTION. We will of course do as much as we can to help coordinate pickup/delivery of the car, but it is ultimately the buyer's responsibility to arrange for pickup.