Bitcoin Forum

http://motherboard.vice.com/blog/this-pizza-is-worth-750000

Yeah this poor topic has been beaten to death. Obviously the guy wouldn't have done this had he known it's future value.

It's pretty easy in hindsight to proclaim the purchase as a bad idea, but as stated in the article, without people like Hanyecz, no one would be using the currency.  I've spent a number of coins up to now as well, I bought a, now, $100 pizza from pizzaforcoins.  But that doesn't matter, it doesn't invalidate the importance of those transactions.  At the time, that's what btc was worth. 

Hanyecz is no fool; he spent 10k btc on a pizza, and probably still has a 100k btc!

I'd happily trade a beautiful home-made pizza for just BTC100.

Anyone?

That's not obvious at all. People are using Bitcoin for purchases every day, (Bitcoinstore.com has done well over $100,000 in sales this month). We just buy more if we want to save a certain amount of coins, effectively "spending" the USD. Using Bitcoin helps adoption.

That had better be an orgasm-inducing pizza, buddy.

well 10 years from now, people will be amazed we are paying a whole 0.5 BTC for pizza.

That man serves as a martyr and example to us all.

shiiiiit O_O

If everyone held their bitcoins, we wouldn't have a bitcoin economy.

Yes we should be thanking this man for buying/spending bitcoins. The transactions are what rises the price, which I'm sure this is not new info to most of you  ;)

The smart ones will take this guys lesson and start buying into Ltc and other smaller currencies now when they are still easy to mine and cheap to buy. If they become anything like a BTC there will be serious money to be made.

Don't hold off and kick yourself in the arse again in a couple years!

https://bitcointalk.org/index.php?topic=137.0

This is a pretty touchy subject a lot of older miners don't like to talk about. I think everyone is afraid of the new pizza issue happening with higher priced items down the line, thus holding on to them for a while longer than they used to.

The guy who give up 10,000 coins should have another 100,000 coins in his wallet, he won't care about it.

This is the dumbest thing I ever heard of.  :o

Hope it was a big pizza

haha! hope that pizza was worth it!

How does one buy litecoin?

Is it available on mt. gox or some other exchange? (I used coinbase to get my BTC)

Why do you expect it to gain marketshare alongside BTC? Do you think it'll be like silver to BTC's gold?

Because obviously BTC is already highly divisible down to the 8th numeral or whatever.

Thanks in advance for answering my questions.

I buy bitcoin from gox and transfer it to BTC-E.com for buying litecoin when I wanna buy some LTC.

As far as how high the price will go, nobody knows.

Seems to be linked to bitcoin a little bit, but not too much (it's been holding steady at about 50 cents a coin for the past few weeks, up from crashing at like 7 cents a coin).

Someone came out with a silk road equivalent for it recently, so if that's not a honeypot it should stimulate the litecoin economy quite a bit.

but who knows?

Yes no one really KNOWS if LTC will be on a  come up, we would all retire tomorrow if it was that easy.

I personally think you have it right about LTC being BTC silver. I'm going to PM you a little incite on my perspective instead of over running this thread with my mumblings  :P

Thanks for the reply and the link WishIStarted.

I still don't quite understand the point of Litecoin when BTC is already highly divisible but I guess it provides competition and maybe makes governmental tracking / bans even more difficult. What the hell I'll buy a couple hundred bucks worth.

Cool. Thanks. Yes, of course it is all about risk vs reward, but at the same time it's hard to shake the feeling we're on the cusp of something revolutionary.

That is probably one of the most expensive pizza in the history of pizza. But at that time, the buyer must thought that he made a good deal.

In present value, it was probably a good deal for the buyer. Transactions like these were important to prove Bitcoin was a usable currency.

And everyone who didn't buy Microsoft shares for $21 in 1986 were idiots.

0.1 now

Damn if he kept the coins, he´s now f**ckn rich

Meme is wrong.  ::)

 It was 10k BTC for TWO pizzas.

If he kept the coins, he would have been still broke. What if no one had ever made a transaction with the useless coins, as they essentially were at the time?

But but.. what if he had been satisfied with ONE pizza and had kept the other 5,000 BTC? Who eats 2 LARGE pizzas at a sitting anyway?

True. Gavin Andersen was very uncomfortable when asked about "bitcoin faucet" (interview: Triangulation 103).

Bitcoin fauced used to be the largest bitcoin giveaway in history. It was a script that send you free bitcoins to play around with. At the beginning it used to give away 5 btc to every visitor (first determined by IP and Bitcoin address, later by Gmail account). This value decreased over time to mBTC.

It appears that Gavin Andersen gave away total of 10'000 BTC, an equivalent of 1'300'000 USD today. (if I remember it correctly...).
Of course it wasn't all his money, he used to get donations to do this... but still.

I want that great looking pizza.

Well, congrat to this man, that was real BitCoin promotion in that time

Now that's something. Or is it?

It's like an inflation vs deflation memory battle.

Now when you think that people used to buy a car for $1000 in the 50's, you think you're doing so much better than they did.
But truth is that $1,000 in 1950 had the same buying power as $9,728.86 in 2013.

When someone spend 10,000 BTC on pizza, an equivalent of $10 at the time, you think he's been robbed.

Wolrds most expensive Bitcoin in todays rates.

Wow $9,728.86 , what a precission

It just shows how quickly the price has risen.  It will continue going up for the foreseeable future.

iot is really expensive pizza

Ill hand deliver a pizza to anyone for 10k btc  lol