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Title: [2016-05-22] What Bitcoin Pizza Day Can Teach Us Today Post by: secone on May 22, 2016, 12:47:54 PM May 22, 2010 is a day that will forever live as legend in cryptocurrency lore. On that day the first purchase with Bitcoin was made when two pizzas were purchased for 10,000 Bitcoin. At its peak three short years later, each one of those Bitcoins was worth around $1,200, and while the price hasn’t reached quote those astronomical levels in recent years, such a number might be possible in the near future.
However, the legendary pizza transaction is more than a fun historical factoid and a reminder at how the value of new technologies can change rapidly. It represents a purely digital experiment’s first foray into the real world of practical use, a bold statement that Bitcoin is real. Every year when we observe Bitcoin Pizza Day, we gauge how far the currency’s impact on the real world as grown. Here is what this year’s observations mean for Bitcoin: http://cointelegraph.com/news/what-bitcoin-pizza-day-can-teach-us-today |