Pop stars tend to be extremely busy people who don't have the time or inclination to read up on the latest technology trends — especially if it doesn't relate to music. Amusingly, this willful ignorance ended up costing British singer Lily Allen over $100 million in Bitcoin payments. Oops.
Photo: Getty Images
Bitcoin is a digital currency used to pay for a variety of goods and services. In recent years, the curency's value has sky-rocketed to around $1000 per 'coin'.
In one of her most recent Tweets, pop singer Lily Allen admitted to losing a colossal fortune when she refused to perform a virtual gig in the massive multiplayer online computer game Second Life for a digital treasure trove of the online currency.
— Lily Allen (@lilyallen) January 5, 2014
Assuming Allen isn't using hyperbole, her claim of "hundreds of thousands" of bitcoins would translate to at least $180 million in today's money.
In Allen's defense, bitcoins weren't nearly as valuable five years ago, but the appreciation potential has always been there. Oh well, at least she can take solace in the fact that she isn't an Australian musician.