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Author: Admin | 2025-04-28
A deal to buy the resort for 17 million baht (about $510,000 at the time), and took over 35 villas, paying for everything himself.Reality bitesUnfortunately, of course, Chasse admits he had no idea how to manage a resort. On the day all the responsibilities for the staff, utilities and everything became his, the water went out.“The water came from a waterfall nearby, and sometimes, an animal or something knocks the pipe out of the stream. And suddenly, there was no water. So, it was an interesting first day.”Available at all good book stores, and plenty of bad ones too.Around 30%–40% of the Cryptopia residents were on the Master Ventures payroll, but word spread far and wide, attracting high-profile visitors, such as Bitcoiner Tone Vays, on-chain analyst Willy Woo and Carl the Moon Runefelt.There were people from China who ran the George Bush family fund, and not to mention “The King of Viral Media,” Dose media founder Emerson Spartz. Didi and the Bitcoin family stayed for months — he agrees to speak with me about it but then ghosts me for some reason.“Just incredible people came through. A lot of people invited their families to come out, too, which was kind of what I wanted.”One resident was author and occasional Magazine contributor Ethan Lou, who described a very similar sounding commune on a Thai island — but doesn’t actually name Cryptopia — in his book Once a Bitcoin Miner. So, it was probably a totally different one.I lounged by the penis shaped pool… During the incubator’s crazier days, people used to have orgies in the water, I was told. The big boss who funded everything was an early Bitcoiner and had made a fortune, but he had little experience — or perhaps even the will or desire — to run an incubator. People had come and gone, staying for free, indulging in unchecked merrymaking. At least once, they had allegedly brought over a shaman. The ‘burn rate,’ what was needed to maintain the facilities alone, was $20,000 per month.Lou writes that he had planned to write off his residency as a business expense for tax purposes but later realized he couldn’t point to a “single business matter that arose from that trip.”“The longer I stayed, there the longer I had no idea what I was doing on that island.”Hard Forking founder Sean Stella stayed for months at Cryptopia and made a short documentary about his time there.“Didi gave me a call when I was living in Singapore and said, ‘Check this out.’ So, I jumped on the plane the next day, met Tone Vays and Willy Woo at the airport, and we all jumped in a taxi together and went up there and hung out. I made friendships and connections through Kyle and what he was doing that have lasted to this day.”“I was there for three or four months, and it was fantastic. It was some of the most interesting months of my life. He basically took over a whole
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