Dumbass who bought a pizza for 10k bitcoins - page 2.

evoorhees

legendary

Activity: 1008

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Democracy is the original 51% attack

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?

That is a very silly comment.

Some day, in the future, some guy on a forum thread will say, "wow, solareclipse64236 was sooo stupid for buying that thing at $10/coin, didn't he know they would be worth $1,200 in only three years?!?"

Andrew Sesame

newbie

Activity: 1

Merit: 0

It wasn't the guy who bought it that was dumb.

Akka

legendary

Activity: 1232

Merit: 1001

Bitcoin is not like a stock, where you buy shares in a company that offers something and you can therefor expect it to grow (your Microsoft example). If everyone would just sit on their coins expecting them to grow, they wouldn't be worth a single cent.

It's things like this pizza deal that give BTC Value. In fact that was the first proof of Bitcoin having any real live value that I now of.

solareclipse64236

sr. member

Activity: 392

Merit: 250

I ALREADY EXPLAINED THIS.

Most people who trade stocks really do call others dumb for not being able to forecast the future.

Stop reiterating things on my thread and go get an explanation from a professional somewhere.(A LAWYER there, go ask a lawyer)

goodlord666

sr. member

Activity: 434

Merit: 250

100%

OP failed to make a simple assumption:

Assuming Laszlo had 50k in BTC or more (which isn't unlikely) that sale gave the rest of his balance its current value.

If you spend 10 BTC today, how smart would the person ten years from now be calling you a "dumbass" for spending a million bucks worth of bitcoin on a pair of used Calvin Klein underwear.. or whatever the hell one buys for 10 BTC these days.

dustintrammell

vip

Activity: 156

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Cleverly disguised as a responsible adult.

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

casascius pizza coin = 10,000 btc

Genius.

nameface

sr. member

Activity: 406

Merit: 250

Quote from: ShittyBitcoinDrawer on September 13, 2012, 10:51:53 PM

Quote from: Jutarul on September 12, 2012, 10:32:58 PM

Quote from: Valalvax on September 12, 2012, 10:19:50 PM

If Lazlo never bought that Pizza, Bitcoins would likely be worth little to nothing still

I think he deserves a monument. Make it a pizza.

Make him a hero! http://imgur.com/DHxQM

very nice work

I believe the pizza purchase was well worth it. Obv the guy who bought it had a zillion BTC and is now worth millions.

solareclipse64236

sr. member

Activity: 392

Merit: 250

Quote from: Malophor on September 16, 2012, 03:25:03 PM

If BTC continue to increase in value (big IF) I wonder if in 5 years people will say WOW look what that dumbass purchased for 10 BTC. That could have been a new car now. Hindsight is 20/20....

LOL We already can say something like that! Bitcoin was as high as $35 USD per bitcoin, now it's down to $11.

But yeah I know it's only going to go up from here.

My only problem is the possibility of being hacked, I don't know enough about the software. Like why can TorWallet access addresses and put password locks on them? Does that mean that my one and only address right now can be accessed by TorWallet?

dree12

legendary

Activity: 1246

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Quote from: Gabi on September 16, 2012, 03:27:45 PM

And if bitcoin crash "oh back then i could buy a pizza for 0.5 btc. Now i must spend 10.000btc

"That person who sold a pizza at 0.5 BTC was a dumbass!"

Gabi

legendary

Activity: 1148

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If you want to walk on water, get out of the boat

And if bitcoin crash "oh back then i could buy a pizza for 0.5 btc. Now i must spend 10.000btc

Malophor

newbie

Activity: 56

Merit: 0

If BTC continue to increase in value (big IF) I wonder if in 5 years people will say WOW look what that dumbass purchased for 10 BTC. That could have been a new car now. Hindsight is 20/20....

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote from: solareclipse64236 on September 16, 2012, 02:58:38 PM

Uh no retard, I am an investor in real life, so I know what I'm talking about.

If you had stocks of Microsoft when it started selling its stocks on the first day(let's say a million shares), does it make sense for you to sell it for a pizza? or the equivalent of a pizza? Of course back then it was just penny stocks, but now it would be worth billions.

Bitcoins is just like stocks, you're suppose to take risks and make the right calls then and again.

Would you buy a pizza for 0.5 bitcoin today?

dree12

legendary

Activity: 1246

Merit: 1077

Quote from: solareclipse64236 on September 16, 2012, 02:58:38 PM

Uh no retard, I am an investor in real life, so I know what I'm talking about.

If you had stocks of Microsoft when it started selling its stocks on the first day(let's say a million shares), does it make sense for you to sell it for a pizza? or the equivalent of a pizza? Of course back then it was just penny stocks, but now it would be worth billions.

Bitcoins is just like stocks, you're suppose to take risks and make the right calls then and again.

He failed to make the right call. He failed to predict the market correctly.

That does not mean he is a dumbass.

solareclipse64236

sr. member

Activity: 392

Merit: 250

Uh no retard, I am an investor in real life, so I know what I'm talking about.

If you had stocks of Microsoft when it started selling its stocks on the first day(let's say a million shares), does it make sense for you to sell it for a pizza? or the equivalent of a pizza? Of course back then it was just penny stocks, but now it would be worth billions.

Bitcoins is just like stocks, you're suppose to take risks and make the right calls then and again.

live627

hero member

Activity: 574

Merit: 500

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?

No. Did you forget your brain in bed this morning? I also can tell that you don't understand how an economy grows.

dooferorg

full member

Activity: 163

Merit: 100

Quote from: BrightAnarchist on September 12, 2012, 10:46:27 PM

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?

What about the guy who pays 1BTC for a pizza today? Will he be a dumbass in 10 years when each BTC is worth 10K USD?

I also hope to have my BTC * 10K USD ... sweet. F the 401K, I'll retire on bitcoins

bitbobboom

newbie

Activity: 20

Merit: 0

what kind of pizza was this?

ShittyBitcoinDrawer

member

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Merit: 10

Quote from: Jutarul on September 12, 2012, 10:32:58 PM

Quote from: Valalvax on September 12, 2012, 10:19:50 PM

If Lazlo never bought that Pizza, Bitcoins would likely be worth little to nothing still

I think he deserves a monument. Make it a pizza.

Make him a hero! http://imgur.com/DHxQM

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

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?

Quote from: solareclipse64236 on September 13, 2012, 01:05:17 PM

uh no, bitcoins was always going to make it, people actually knew about back in 2001-2006, satoshi must have had friends he talked to about it back then because i knew about bitcoins back then

Wow numbnuts, you buy any pizzas since 2001? Should have bought bitcoins instead.

coinpeculiator

newbie

Activity: 27

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.

How could one dollar be worth 500 dollars, it will always remain one dollar, unless the value of USD drops to 0 and we're all using bitcoins in the future, in which case your grandpa sounds like a pretty smart fellow to offload it while it still had value.

I think you need to call him and apologise young man.

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