Dumbass who bought a pizza for 10k bitcoins

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: desert_beagle on March 25, 2013, 01:50:59 PM

So what, all the folks are suppose to sit on their bitcoins and wait for their value to go up?

Hey buddy let me tell you something: in order for you to make a profit, someone else has to lose.

Basic economics.

Great... you should take one for the team!

giraffe

newbie

Activity: 6

Merit: 0

lol I heard this too xD

Fuzzy

hero member

Activity: 560

Merit: 500

Quote from: saddambitcoin on September 12, 2012, 10:36:31 PM

casascius pizza coin = 10,000 btc

desert_beagle

member

Activity: 87

Merit: 10

So what, all the folks are suppose to sit on their bitcoins and wait for their value to go up?

Hey buddy let me tell you something: in order for you to make a profit, someone else has to lose.

Basic economics.

jing_troop

newbie

Activity: 21

Merit: 0

Quote from: ?? on ??

Quote from: jing_troop on March 25, 2013, 01:06:13 PM

I think you mean "money is inflationary" and "BTC is deflationary", yes? Nodding at your point though.

yeah, you're right, I just corrected it.

I got what you were saying though, of course.

deepceleron

legendary

Activity: 1512

Merit: 1036

Bitcoin is something if you give it away,
Give it away, give it away.
Bitcoin is something if you give it away,
You end up having more.

It's just like a magic penny,
Hold it tight and you won't have any.
Lend it, spend it, and you'll have so many
They'll roll all over the floor.

Money's dandy and we like to use it,
But Bitcoin is better if you don't refuse it.
It's a treasure and you'll never lose it
Unless you lock up your door.

jing_troop

newbie

Activity: 21

Merit: 0

I think you mean "money is inflationary" and "BTC is deflationary", yes? Nodding at your point though.

jing_troop

newbie

Activity: 21

Merit: 0

Quote from: gweedo on September 12, 2012, 10:57:25 PM

Quote from: Immanuel Go on September 12, 2012, 10:42:00 PM

I doubt this purchase made any impact on BTC value.

Roughly $110,000 at today's value. I hope that was a tasty pizza.

That is like saying "Grandpa your an idiot for spending a dollar cause now that could be worth $500 (I am making up numbers for the example)" You have to think, that a year in time, is a long time in the bitcoin economy. Just like 70 years is a long time to hold on to money now.

Gold would be about US$32/Troy Ounce around mid fifties. I think the free market rate for it now is something like US$1.5k...big bump, to be fair. By the way Gweedo, are you familiar with Expression Engine? My team has projects that overflow from time to time, would be good to check out your work, get a quote, maybe do biz in BtC.

jonytk

member

Activity: 106

Merit: 10

Hey 59.570 EUR / BTC and bitcoin-central is DOWN.... someone call the site owner!

ohlawd

newbie

Activity: 11

Merit: 0

I believe we are all still early adapters, and we some of us will be laughed at later. thats why I plan to hoard the s*** out of my bitcoins.

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: the founder on March 25, 2013, 08:17:25 AM

FYI : I do not agree with calling the guy a dumbass or anything of the sort. This guy did something that might have changed history. Until that point Bitcoin was never used for commerce. He was the first. Because of that he is sort of a hero to the bitcoin community.

Maybe a better way to phrase it, because he did that he pushed Bitcoin ahead at least 2 years.

Well the official pizza index is up.

Via web:

http://www.ounce.me

Via Android Free:

https://play.google.com/store/apps/details?id=com.btc.ounce.me

Via Android Paid (no ads)

https://play.google.com/store/apps/details?id=com.bitcoin.ounce.me.paid

lol bitcoin pizza index

the founder

sr. member

Activity: 448

Merit: 251

Bitcoin

FYI : I do not agree with calling the guy a dumbass or anything of the sort. This guy did something that might have changed history. Until that point Bitcoin was never used for commerce. He was the first. Because of that he is sort of a hero to the bitcoin community.

Maybe a better way to phrase it, because he did that he pushed Bitcoin ahead at least 2 years.

That being stated, it's a valid metric (Bitcoin Pizza Index) because it does show how much Bitcoin has progressed in the past 3 years, and because of that it's included in the official Ounce.Me Bitcoin Apps.

Well the official pizza index is up.

Via web:

http://www.ounce.me

Via Android Free:

https://play.google.com/store/apps/details?id=com.btc.ounce.me

Via Android Paid (no ads)

https://play.google.com/store/apps/details?id=com.bitcoin.ounce.me.paid

battmann

full member

Activity: 182

Merit: 100

I am a student of programming and design.

Quote from: Immanuel Go on September 12, 2012, 10:50:02 PM

Hopefully we still have pizza in 10 years. Shocked

Don't even joke like that dude. Somethings are not meant to be joked around with...

ccl

full member

Activity: 175

Merit: 100

Quote from: MonkeyBear68 on March 20, 2013, 02:00:21 AM

He could still have plenty of BTC in his savings.

Those that believe in Bitcoin will keep some as investments. If however you are planning to buy something that is available on a site that accepts BTC then it makes sense to support that website by getting just enough Bitcoins from an exchange to immediately purchase the item and support the Bitcoin economy. By doing this all our BTC will go up in value.

I agree

A successful pizza place that accepts btc would be a nice investment than juz keeping the coins to myself. it'll be boring to juz wait around waiting for the PERFECT time. to me it's like waiting for the day i'd die and i'd spend everything on the last day.., pass the money around in support to the community...

it's his money, his bitcoins, his pizza to enjoy... he felt it's the right time to buy a pizza that day and made him happy...

happiness = priceless

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: Immanuel Go on September 12, 2012, 10:42:00 PM

I doubt this purchase made any impact on BTC value.

Roughly $110,000 at today's value. I hope that was a tasty pizza.

How far has prices changed..

lightlord

donator

Activity: 3228

Merit: 1226

★Bitvest.io★ Play Plinko or Invest!

lol, that 10,000 BTC for that pizza is now worth nearly $600,000.
60% of a million dollars Shocked

Unless that pizza was solid gold.
I hope that pizza was good!

Canaanite

sr. member

Activity: 246

Merit: 250

Quote from: solareclipse64236 on September 12, 2012, 10:14:46 PM

Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?

Do YOU know what the future will be?

MonkeyBear68

full member

Activity: 154

Merit: 100

He could still have plenty of BTC in his savings.

Those that believe in Bitcoin will keep some as investments. If however you are planning to buy something that is available on a site that accepts BTC then it makes sense to support that website by getting just enough Bitcoins from an exchange to immediately purchase the item and support the Bitcoin economy. By doing this all our BTC will go up in value.

r.willis

jr. member

Activity: 42

Merit: 11

Quote from: Jutarul on September 12, 2012, 10:58:33 PM

Quote from: gweedo on September 12, 2012, 10:57:25 PM

That is like saying "Grandpa your an idiot for spending a dollar cause now that could be worth $500 (I am making up numbers for the example)" You have to think, that a year in time, is a long time in the bitcoin economy. Just like 70 years is a long time to hold on to money now.

Which also reminds me that you should spend the money while you're still alive.

You should spend the money while you're still young.

rayvellest

member

Activity: 90

Merit: 10

Quote from: solareclipse64236 on September 12, 2012, 10:14:46 PM

Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?

He bought a pizza for the exchange rate of that time, what's wrong with that? It would be the same as if you decide to buy a pizza with 1BTC today, and without expecting, in 6 months 1BTC is valued at 1m dollars, would you call yourself a numbnuts? Huh

Topic: Dumbass who bought a pizza for 10k bitcoins (Read 15794 times)