1 week until bitcoin pizza day - page 2.

slackovic

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Quote from: mk4 on May 15, 2020, 09:28:02 AM

Quote from: slackovic on May 15, 2020, 08:32:56 AM

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

Though Lightning is not quite there yet, there have been great wallets lately. Check out the Phoenix[1] wallet.

As for on-chain, I'm really not sure, but it makes sense for me to accept sort of "coffee transactions" that are worth $2-$4 without waiting for a confirmation, probably with just a minimum of 1 sat/byte fee just to make sure that the transaction actually goes through after a while. Because as far as I know, no one in the right mind would actually risk going to jail by attempting a doublespend just to save $2-$4.

[1] https://phoenix.acinq.co/

As for the Lightning network... Did you read this article saying that there is more Bitcoin on the Ethereum network (WBTC - wrapped BTC) than there is on the Lightning network? I think that Lightning network is far far far from being adopted.

Pffrt

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Quote from: Yourhomeboy on May 15, 2020, 06:31:37 AM

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

No, it was the first transaction with btc for purchasing something.

Quote from: Maus0728 on May 15, 2020, 07:48:54 AM

[2] Crypto to Fiat transaction when Sirius sold an amount of BTC 5,050 for $ 5. LOL, if anyone who's a time traveller or can foresee a future Roll Eyes

Hell, I never knew about that transaction. I used to think that Laszlo made the first transaction for exchange of anything else with btc. I think most people still don't know about this tx at all.

mk4

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Quote from: slackovic on May 15, 2020, 08:32:56 AM

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

Though Lightning is not quite there yet, there have been great wallets lately. Check out the Phoenix[1] wallet.

As for on-chain, I'm really not sure, but it makes sense for me to accept sort of "coffee transactions" that are worth $2-$4 without waiting for a confirmation, probably with just a minimum of 1 sat/byte fee just to make sure that the transaction actually goes through after a while. Because as far as I know, no one in the right mind would actually risk going to jail by attempting a doublespend just to save $2-$4.

[1] https://phoenix.acinq.co/

stompix

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Quote from: Maus0728 on May 15, 2020, 07:48:54 AM

Quote from: stompix on May 15, 2020, 07:22:52 AM

~

Yep! Actually there are 3 different first transaction in bitcoin history.

[1] Peer to peer transaction which is the 10 BTC sent from satoshi to Hal Finney.
[2] Crypto to Fiat transaction when Sirius sold an amount of BTC 5,050 for $ 5. LOL, if anyone who's a time traveller or can foresee a future Roll Eyes

[3] Real world transaction is when Laszlo buys 2 pizza for BTC 10k. It was Papa John's pizza Cheesy

The idea is here: https://www.quora.com/What-was-the-first-Bitcoin-transaction

Probably that guy got the info from here:
https://en.bitcoin.it/wiki/Bitcoin_Firsts#
just how I did Grin

One "first" I never managed to find and is not listed anywhere is the first buy of a product with the merchant receiving bitcoins. no intermediaries, no credit card or PayPal conversion in between. Maybe Alpaca socks?

slackovic

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Quote from: cryptoaddictchie on May 15, 2020, 07:42:02 AM

Quote from: stompix on May 15, 2020, 07:22:52 AM

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.

Everytime I heard Hal Finney name mentioned here it really made me realize how amazing those first and pioneered people who adopt bitcoin was. Its just like overwhelming that your name was on history as true bitcoiners. Ops but of course no one will ever forget the one that ever spend BTC for a product "Laszlo Hanyecz" and its only 1 week left before we celebrate the pizza day. Today a lot of people believe adoption will grow for BTC peer to peer usage but this event was really prove it that it is.

_{For everyone wants to read or dont have idea of bitcoin history its always overwhelming to read it.}
Bitcoin History

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

BlackHatCoiner

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Farewell, Leo

This guy was literally a hero. He made a big contribution to the bitcoin community. This was a push to start convincing people exchanging things with BTC

Maus0728

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Quote from: stompix on May 15, 2020, 07:22:52 AM

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.
More, in 2009 there was the first transaction with an exchange of value, no donation or test, Sirius selling 5050 BTC for 5$.

So, it wasn't really a "first" Grin

Yep! Actually there are 3 different first transaction in bitcoin history.

[1] Peer to peer transaction which is the 10 BTC sent from satoshi to Hal Finney.
[2] Crypto to Fiat transaction when Sirius sold an amount of BTC 5,050 for $ 5. LOL, if anyone who's a time traveller or can foresee a future Roll Eyes

[3] Real world transaction is when Laszlo buys 2 pizza for BTC 10k. It was Papa John's pizza Cheesy

The idea is here: https://www.quora.com/What-was-the-first-Bitcoin-transaction

cryptoaddictchie

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Fully Regulated Crypto Casino

Quote from: stompix on May 15, 2020, 07:22:52 AM

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.

Everytime I heard Hal Finney name mentioned here it really made me realize how amazing those first and pioneered people who adopt bitcoin was. Its just like overwhelming that your name was on history as true bitcoiners. Ops but of course no one will ever forget the one that ever spend BTC for a product "Laszlo Hanyecz" and its only 1 week left before we celebrate the pizza day. Today a lot of people believe adoption will grow for BTC peer to peer usage but this event was really prove it that it is.

_{For everyone wants to read or dont have idea of bitcoin history its always overwhelming to read it.}
Bitcoin History

Asuspawer09

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Quote from: Yourhomeboy on May 15, 2020, 06:31:37 AM

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

Quote

On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas. Organized on bitcointalk forum, the Florida man reached out for help. "I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day," Hanyecz wrote.

"I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!

So it all started in this forum lol, they are lots of history to be found here. Any old member that experienced this transaction can give us more details though.

Source: https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

Oh wow didn't know that this guy is in this forum Lips sealed

shame on me Grin

This guy is a legend!

Great to see this history Happy Bitcoin Pizza day!! Cannot imagine how much the guy is going to profit if continue to hold this bitcoin until today Shocked

stompix

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Quote from: Yourhomeboy on May 15, 2020, 06:31:37 AM

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.
More, in 2009 there was the first transaction with an exchange of value, no donation or test, Sirius selling 5050 BTC for 5$.

So, it wasn't really a "first" Grin

Chlotide

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One more week to go! Will definitely eat a pizza for Laszlo's sake. The guy is surely in the BTC history book!

Quote from: slackovic on May 15, 2020, 06:44:10 AM

For me personally it's great to read this kind of posts. That's why I think this forum should always remain the same. If a new version comes out, this old version has to be available for people to read this kind of posts where history was made.

There are tons of awesome threads, that's for sure!
What ever forum software they will use the database will remain the same. Everything will be migrated and nothing would be lost. Would just be a UI/UX difference

slackovic

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Yeah, that post kind of started a history. You could have added link to the topic so that new members can easily find it: https://bitcointalksearch.org/topic/pizza-for-bitcoins-137
Also, 10.000 BTC for two pizzas was quite expensive because it was worth around $41 at that time (according to the fourth post in the topic).

For me personally it's great to read this kind of posts. That's why I think this forum should always remain the same. If a new version comes out, this old version has to be available for people to read this kind of posts where history was made.

Yourhomeboy

member

Activity: 174

Merit: 15

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

Quote

On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas. Organized on bitcointalk forum, the Florida man reached out for help. "I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day," Hanyecz wrote.

"I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!

So it all started in this forum lol, they are lots of history to be found here. Any old member that experienced this transaction can give us more details though.

Source: https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

Topic: 1 week until bitcoin pizza day - page 2. (Read 424 times)