Happy Bitcoin Pizza Day! | Bitcointalksearch.org

HyperionXtech

copper member

Activity: 139

Merit: 0

Quote from: DreamStage on May 22, 2019, 06:05:41 PM

Of if only he knew what he would be capable of achieving with 10,000 Bitcoins Undecided

Sad guy's fate, i wonder what price would be by now if would be willing to exchange those during current times Cheesy

Nevertheless we should all learn from these mistakes and prepare ourselves for what price is coming next Wink

He seems pretty optimistic about the entire ordeal. Check out this article by Bitcoin Magazine,
https://bitcoinmagazine.com/articles/the-man-behind-bitcoin-pizza-day-is-more-than-a-meme-hes-a-mining-pioneer/

Laszlo Hanyecz, the individual who ordered the pizzas, approaches the infamous pizza purchase, and questions surrounding it, the same way he approaches Bitcoin: with good-humored aplomb, rather than bitter regret. In fact, he doesn’t see it as a loss at all; he sees it as a win.

“A trade happens because both parties think they’re getting a good deal,” he said. “I felt like I was beating the internet, getting free food. I was like, ‘Man, I got these GPUs linked together, now I’m going to mine twice as fast. I’m just going to be eating free food; I’ll never have to buy food again.’”

RapTarX

hero member

Activity: 1358

Merit: 851

Quote from: ?? on ??

This is an incredible story, does anybody knows if there was more than one pizza day, back in 2010.
This post a few months later sounds like he bought pizzas for bitcoins more than one time!

https://bitcointalksearch.org/topic/m.7544

No, this was referring to the one which is now being celebrated. There's no more time he bought pizza. I just have read that topic.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: DreamStage on May 22, 2019, 06:05:41 PM

Of if only he knew what he would be capable of achieving with 10,000 Bitcoins Undecided

Sad guy's fate, i wonder what price would be by now if would be willing to exchange those during current times Cheesy

Nevertheless we should all learn from these mistakes and prepare ourselves for what price is coming next Wink

The truth is that you wont also know that the price of bitcoin will skyrocket if you are in his position because bitcoins back then is not really that important and have only a little to less value when compared to the latter years but let say that he still have those 10k bitcoins , i think he is now a multi billionaire stud .

Like what you said , this should be a lesson to him and also to all of us that we should not be hasty in life especially on bitcoin and cryptocurrencies becuse we now know the true worth of cryptos .

DreamStage

sr. member

Activity: 625

Merit: 258

Of if only he knew what he would be capable of achieving with 10,000 Bitcoins Undecided

Sad guy's fate, i wonder what price would be by now if would be willing to exchange those during current times Cheesy

Nevertheless we should all learn from these mistakes and prepare ourselves for what price is coming next Wink

r1a2y3m4

full member

Activity: 504

Merit: 127

Match365> be a part of 150BTC inviting bonus

I wouldn't call it a choice but I call this one a tragedy. I don't know how much the owner of those 10,000 bitcoins will say now. If you will convert that amount to the ATH let's say it was $19,000. So $19000 x 10,000 = $190,000,000. So this is it everyone. A $41 for $190M. This is why I call this tragedy and what would be the regret of that guy with this. This is what I'm dying to know.

amrulshare

hero member

Activity: 1316

Merit: 546

Monday Hit Me Every week

Quote from: Cloudbet on May 22, 2019, 07:09:30 AM

Quote from: amrulshare on May 22, 2019, 07:07:13 AM

maybe to celebrate bitcoin pizza day, it should be a historic national moment on Bitcointalk by adding special ornaments like April Fool. Grin

Merit can turn into pizza slices for the day, so we can share cheesy treats with deserving forum members Wink

Ronnie @ Cloudbet

that is a good idea, I like that... Grin

ololajulo

sr. member

Activity: 2240

Merit: 270

SOL.BIOKRIPT.COM

I dont think anyone who did this will want to remember and it is also a lesson to learn from for every holder.

felicita

legendary

Activity: 1582

Merit: 1031

yes in the last 10 years many people could realize there dreams with bitcoin.
But also many People lost in the last 10 years huge amount in investing at false time Cheesy

regards

miropp

full member

Activity: 810

Merit: 101

It's certainly very unusual now. Now having 10 000 bitcoins it is wealth. Represent as it's a shame this man for that he so spent their bitcoins.

HyperionXtech

copper member

Activity: 139

Merit: 0

The transaction that spawned Bitcoin Pizza Day will go down in history!

For every year that passes, the value of crypto, in general, has increased. This proves time and time again that it is not the market that progresses the tech, but the individuals supporting it.

The community is a powerful force that drives the progression of blockchain into the future.

The purchase of 2 large pizzas was the first documented use case of crypto to be exchanged with a merchant. From there, its utilization has substantially increased!

Now governments and large entities, like banks, are researching and implementing blockchain into their systems. Though this may not be the preferred usage for everyone, it is proving that the tech is highly valuable and is incredibly disruptive.

All and all, we must give a hats off and a round of applause to the two men who made a small interaction a monumental occasion that we can all celebrate together!

Happy Bitcoin Pizza Day to everyone! Cheers and enjoy a slice for our forefathers

ccryptopark

jr. member

Activity: 300

Merit: 5

Ordering pizza in celebrating of the 800 million dollars that was celebrated on za! Guy is a american hero

Pipdips

member

Activity: 210

Merit: 13

Quote from: pushups44 on May 22, 2019, 09:25:56 AM

10,000 BTC would be worth about $80 million today - somehow an extra zero was accidentally added by Anderson Cooper. Nonetheless, that's a massive chunk of money.

It was the biggest rip off ever.

Muzika

sr. member

Activity: 980

Merit: 261

I cant imagine the reaction of the person behind it for sure like us who regret not holding bitcoin before the bull run of 2017 and now we can see the start of bull run again, maybe most of his lifeline will be full of regret on what he or she had done.

pushups44

sr. member

Activity: 868

Merit: 281

Quote from: leea-1334 on May 22, 2019, 12:21:15 AM

Quote from: pushups44 on May 21, 2019, 10:14:03 PM

I saw the 60 Minutes segment with the guy who spent 10,000 BTC, and he says he is not upset that he spent it. Actually, he lives in a nice home and has a nice standard of living. I believe Satoshi sent him that amount based on his contributions to the nascent network. According to today's valuation, that would be worth about $800 million.

I am asking myself here why do I keep seeing this $800 million figure used by you and all the publications? According to my calculations, 10000 Bitcoins is actually only worth $80 million at the price of today. Is something missing from my calculations or is Anderson Cooper the famous journalist and all the other news publications making a mistake?

Yes, you are right, 10,000 BTC would be worth about $80 million today - somehow an extra zero was accidentally added by Anderson Cooper. Nonetheless, that's a massive chunk of money.

Nawrod

jr. member

Activity: 135

Merit: 1

BlockChain24.co has just reminded me about it
Wow, it's almost a decade...

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

Everyone is talking about how much would that bitcoin worth now but that doesn't mean the person who spent it back then would have been a multi milionare today. If he spent it for a couple of pizzas then I'm pretty sure he would have also spent it later when the price was up to 1-10$ for something else. Think if you would have been in his situation, would you still hold your bitcoin when you know you can cashout $50k instantly? So forget about the value of those bitcoins in today's market because he wouldn't have kept it until today.

Artemis3

legendary

Activity: 2030

Merit: 1573

CLEAN non GPL infringing code made in Rust lang

Quote from: pushups44 on May 21, 2019, 10:14:03 PM

Quote from: hugeblack on May 21, 2019, 10:07:56 PM

It's wonderful to see how small things can change with days.

Quote from: https://bitcointalksearch.org/topic/pizza-for-bitcoins-137

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.
ender_x >> 10,000... Thats quite a bit.. you could sell those on https://www.bitcoinmarket.com/ for $41USD right now..
laszlo >> So nobody wants to buy me pizza? Is the bitcoin amount I'm offering too low?
laszlo>> I just want to report that I successfully traded 10,000 bitcoins for pizza.

10,000BTC was equivalent to 41$, (a couple of pizzas,) today many dreams come true.

I saw the 60 Minutes segment with the guy who spent 10,000 BTC, and he says he is not upset that he spent it. Actually, he lives in a nice home and has a nice standard of living. I believe Satoshi sent him that amount based on his contributions to the nascent network. According to today's valuation, that would be worth about $800 million.

As i said in the other thread, the CBS program (and Laszlo) were both wrong. TODAY, it would be 80 million, not 800. 1 bitcoin is 8k, not 80k.

Its easy, just add the zeroes: 4 zeroes + 3 zeroes gives 7 zeroes, NOT 8. How hard it can be?

41$ was in fact overpriced, but given this was one of the first bitcoin transactions in the real world, i think they were willing to pay extra to convince someone to do it. More interesting would be to ask whoever got the 10k ₿ and then bought and sent the pizzas to Laszlo what he did with that money.

I think the actual pizza guy is that person, you know, went the trouble to buy the pizzas with his fiat in exchange of this imaginary currency that could become zero dollars tomorrow, he took a leap of faith there... Did he hold onto those bitcoin?

wolizidan

copper member

Activity: 31

Merit: 0

This shows the potential of BTC. It was underrated

Indamuck

hero member

Activity: 1120

Merit: 554

I know people like to make fun of the btc pizza trade but consider the butterfly effect. If that trade never happened bitcoin may have never become the juggernaut it is today.

Its really interesting to back and look at the old posts from 2010 knowing what we know now.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

5-22. What's good to smoke after enjoying a large greasy pizza?

Topic: Happy Bitcoin Pizza Day! (Read 695 times)