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Topic: Dumbass who bought a pizza for 10k bitcoins - page 4. (Read 15788 times)

donator
Activity: 994
Merit: 1000
September 12, 2012, 10:37:45 PM
#7
legendary
Activity: 1610
Merit: 1004
September 12, 2012, 10:36:31 PM
#6
casascius pizza coin = 10,000 btc
donator
Activity: 994
Merit: 1000
September 12, 2012, 10:32:58 PM
#5
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.
donator
Activity: 1218
Merit: 1079
Gerald Davis
September 12, 2012, 10:20:19 PM
#4
Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?

Why?  It was the exchange rate at the time.  He could have bought the pizza and then turned around a week later spent some cash and bought 10K BTC back.  10K BTC were simply only worth that much back then.   It would be like saying "I would like to say whoever sold 1 oz of Gold in 1950 for $30 (or whatever the exchange rate was) was a dumbass".  

I would also point out without exchange/commerce the coins essentially have no value.  Had he (and others) not traded trading Bitcoins for products & services the experiment may have failed a long time ago.  Price discover doesn't happen by magic.  It happens by people trading.  The more people trade the better idea we have that the price is an accurate one.  It has to start somewhere.
sr. member
Activity: 437
Merit: 250
September 12, 2012, 10:19:50 PM
#3
If Lazlo never bought that Pizza, Bitcoins would likely be worth little to nothing still
sr. member
Activity: 294
Merit: 250
September 12, 2012, 10:18:44 PM
#2
He helped get the currency off the ground.

Sorry you can't appreciate that.
sr. member
Activity: 392
Merit: 250
September 12, 2012, 10:14:46 PM
#1
Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?
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