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Title: The 10.000 btc pizza... Post by: Bonanzacoin on October 01, 2017, 09:46:58 PM ...guy is a hero in Bitcoin really. Because when bitcoin wouldnt be spend in the early days we all now wouldnt be here... Early spenders made it possible for bitcoin to develop. So to say he spend half a billion on a pizza. Well not in that time. What he actually did was to make it possible to boost bitcoin to the price of today.
He sacrificed, as other early spenders, money to give others money basicly. Because only now its a store of value because of these early spendings. He was one of the founders of the total marketcap of today. He basicly invested a portion of his wealth to create a huge ponzi scheme... haha. Well jk. But anyway. I think thats a better way to look at it then a guy who ordered a pizza of half a billion. No, thats not how it is. Cause if no one would v spended bitcoin in beginning it would be worthless today. Title: Re: The 10.000 btc pizza... Post by: haroldtee on October 01, 2017, 09:58:23 PM I don't think if such person thinks about himself as hero because he didn't know that Bitcoin is going to be worth so much money in the future. It wouldn't be nice to talk to him and ask how does he feel about it. Would he be mad because he could have a fortune now? Or would he turn it into a joke? Also I think that he wasn't the only person who spent Bitcoin somehow. Like you said, he wasn't actually the only person who did... So many people did of course. However, the transactions and all the activities they have done in the past is still a great plus cause we may not even be here. Funny enough, he may not really regret it, afterall that does not mean he didn't have more than that back then and since that was the value as at then, nothing he could have done better than people spending presently now. No one knows if what you spend today would amount to millions tomorrow.Title: Re: The 10.000 btc pizza... Post by: Za1n on October 01, 2017, 10:04:14 PM I really don't know why this story keeps coming back up again and again and why people cannot grasp one simple concept. He did not pay millions of dollars for a pizza, he paid roughly $40 or the going rate at the time for two pizzas delivered with tip. He also did not even pay the pizza place, as I recall it was more along the lines of he traded 10,000 BTC to someone who could get a pizza delivered to his house, hot and ready to eat. Someone took him up on the offer, ordered two pizzas from a deliver joint and had them deliver it to the BTC guy's house. After he got the pizzas he kept his end of the bargain and sent the buyer his 10,000 BTC. So at the time the BTC was worth approximately $40/10,000 or roughly 4 tenths of 1 cent each.
At the time you could mine up a bunch more BTC just using your CPU and active trading wasn't even a thing. So yes I agree that actions like this help spread the word about BTC and its eventual rise, but to keep saying he lost or wasted million of dollars is just absurd. Thinking like that you may as well horde every item real or virtual you encounter as it could one day become worth a lot of money. Further, had all the early adopters horded it, it would be worth nothing today as their is not much of a market with just a few dozen people trading virtual tokens back and forth. It gets its value from be distributed to the masses, not by a handful people hording it all. Title: Re: The 10.000 btc pizza... Post by: AT101ET on October 01, 2017, 10:04:47 PM Do we really need another thread about this? Let's leave poor Lazlo alone already. Yes, his Bitcoin Pizza will go down in history as it was one of the most insane Bitcoin transactions of all time (in hindsight). Bitcoin was still in its infancy and Lazlo made an opportunity to use the BTC he'd accumulated. I can only hope that he kept some BTC in a safety net fund and is now laughing at us from some beach in Mexico.
Title: Re: The 10.000 btc pizza... Post by: Yakamoto on October 01, 2017, 10:06:15 PM ...guy is a hero in Bitcoin really. Because when bitcoin wouldnt be spend in the early days we all now wouldnt be here... Early spenders made it possible for bitcoin to develop. So to say he spend half a billion on a pizza. Well not in that time. What he actually did was to make it possible to boost bitcoin to the price of today. That's the way anything grows, through usage. If no-one uses for anything meaningful it then there would simply be no reasons to use it for anything at all. It didn't have to be the Bitcoin Pizza case but it definitely had a considerable impact on the practical use of Bitcoin. Anything would have worked, but the Pizza incident definitely allows for a lot of reflection on the early days of Bitcoin and everything that was happening. It's a shame I can't buy a pizza from the same place due to my geographical location.He sacrificed, as other early spenders, money to give others money basicly. Because only now its a store of value because of these early spendings. He was one of the founders of the total marketcap of today. He basicly invested a portion of his wealth to create a huge ponzi scheme... haha. Well jk. But anyway. I think thats a better way to look at it then a guy who ordered a pizza of half a billion. No, thats not how it is. Cause if no one would v spended bitcoin in beginning it would be worthless today. Title: Re: The 10.000 btc pizza... Post by: Bonanzacoin on October 01, 2017, 10:06:24 PM ^^
OP: Quote He sacrificed, as other early spenders, money to give others money Title: Re: The 10.000 btc pizza... Post by: hatshepsut93 on October 01, 2017, 10:16:12 PM The guy who bought 10,000 BTC pizza or any other person who sold Bitcoin early didn't actually lose any money, the lost opportunity to get more money which is a very different thing. In fact, every person on Earth is losing million dollars worth of opportunities each year by not investing in something that will skyrocket in value in the future - simply because no one knows the future for sure. For example, BTC increased 4-5 times since the beggining of this year, so anyone who didn't buy and hodl it has lost an opportunity to increase their value 4-5 times. So, it's really wrong to feel bad for losing opportunities, because they are all tied to risks, and fore every multi-million dollar pizza there are thousands of bad investments that result in a real losses for investors.
Title: Re: The 10.000 btc pizza... Post by: jseverson on October 02, 2017, 06:47:28 AM I really don't know why this story keeps coming back up again and again and why people cannot grasp one simple concept. He did not pay millions of dollars for a pizza, he paid roughly $40 or the going rate at the time for two pizzas delivered with tip. He also did not even pay the pizza place, as I recall it was more along the lines of he traded 10,000 BTC to someone who could get a pizza delivered to his house, hot and ready to eat. Someone took him up on the offer, ordered two pizzas from a deliver joint and had them deliver it to the BTC guy's house. After he got the pizzas he kept his end of the bargain and sent the buyer his 10,000 BTC. So at the time the BTC was worth approximately $40/10,000 or roughly 4 tenths of 1 cent each. At the time you could mine up a bunch more BTC just using your CPU and active trading wasn't even a thing. So yes I agree that actions like this help spread the word about BTC and its eventual rise, but to keep saying he lost or wasted million of dollars is just absurd. Thinking like that you may as well horde every item real or virtual you encounter as it could one day become worth a lot of money. Further, had all the early adopters horded it, it would be worth nothing today as their is not much of a market with just a few dozen people trading virtual tokens back and forth. It gets its value from be distributed to the masses, not by a handful people hording it all.k Lmao this is so true. The guy simply used Bitcoins the way it was meant to be used, which is as a digital currency. He did not lose anything, strictly speaking, as he got what it was worth at the time, which was two pizzas. I guess the reason why this keeps popping up, is because of the opportunity cost, which is the cost incurred by not enjoying the benefit that would have been had by taking an alternative choice. That just about amounts to around $40,000. I know that everyone dreams of being rich and having the financial freedom to really enjoy themselves, but it's pretty ridiculous. At the time, there was no way anyone could have predicted that Bitcoin would boom the way it did. That's why it became revolutionary after all. Title: Re: The 10.000 btc pizza... Post by: Herbert2020 on October 02, 2017, 07:03:57 AM you know what, the person who did that really understood what bitcoin is: a currency.
others who are surprised by such spending do not understand what bitcoin is, they consider bitcoin to be an investment that should make them rich. you are the killers of bitcoin if you think that. of course we all know bitcoin is rising and we all take the profit but if everyone sees bitcoin as just an investment to make profit i believe there won't be any profit anymore. bitcoin is rising because it is a currency not because it was an investment. Title: Re: The 10.000 btc pizza... Post by: AwpDragonPoor on October 02, 2017, 07:07:46 AM Yea he didn't see the potential. I think it's pretty funny and ironic that one would use $5000 coins for pizza. and 10000 of them as well. but whats done is done, no use crying over split milk.
Title: Re: The 10.000 btc pizza... Post by: Bonanzacoin on October 02, 2017, 10:19:00 AM Quote they consider bitcoin to be an investment that should make them rich. you are the killers of bitcoin if you think that. This is definitly not true at this moment. Thats why i say the early spenders are the hero's. Those who hold now create the foundation for altcoins to florish. And making btc a digital gold. So id say we are hero's as well. After all, we take the risk that it can all go down. We believe it wont, but the a majority does. OR... lets put it this way. There are those who dont believe in it (a Dimon, who represents a lot of influence) and those who do. In between there is the mass. Who will win? Thats still not sure... Title: Re: The 10.000 btc pizza... Post by: Bonanzacoin on October 02, 2017, 10:20:45 AM Yea he didn't see the potential. I think it's pretty funny and ironic that one would use $5000 coins for pizza. and 10000 of them as well. but whats done is done, no use crying over split milk. thats my whole point. If those early spenders werent there... it would have never came this far... whether he knew it would be worth that much or not. That doesnt matter. He was one of the few that made it happen. Title: Re: The 10.000 btc pizza... Post by: allthebitandbobs on October 02, 2017, 10:35:56 AM i guessing the guy jump off a bridge are something a few year later are is committed .No way is he alive are sane at this stage
Title: Re: The 10.000 btc pizza... Post by: Cranidos on October 02, 2017, 11:59:46 AM ...guy is a hero in Bitcoin really. Because when bitcoin wouldnt be spend in the early days we all now wouldnt be here... Early spenders made it possible for bitcoin to develop. So to say he spend half a billion on a pizza. Well not in that time. What he actually did was to make it possible to boost bitcoin to the price of today. He sacrificed, as other early spenders, money to give others money basicly. Because only now its a store of value because of these early spendings. He was one of the founders of the total marketcap of today. He basicly invested a portion of his wealth to create a huge ponzi scheme... haha. Well jk. But anyway. I think thats a better way to look at it then a guy who ordered a pizza of half a billion. No, thats not how it is. Cause if no one would v spended bitcoin in beginning it would be worthless today. Yes he is. But I think more likely he did it out of fun and experimentation. And he didn't know that 10k btc will become billions today so he didn't actually lose billions out of 2boxes of pizza. What I'm wondering now is how many btc does that pizza guy have right now and how much profit he got from it as of this year. And what happened to the other guy who received 10k btc from him? Maybe they're in touch with each other and became pals playing golf, drinking wine somewhere in this planet, lol! What a story to tell to their children and grandchildren in the future. Yeah, this is me daydreaming after reading a novel. ;D Title: Re: The 10.000 btc pizza... Post by: szpalata on October 02, 2017, 12:40:55 PM Yea he didn't see the potential. I think it's pretty funny and ironic that one would use $5000 coins for pizza. and 10000 of them as well. but whats done is done, no use crying over split milk. thats my whole point. If those early spenders werent there... it would have never came this far... whether he knew it would be worth that much or not. That doesnt matter. He was one of the few that made it happen. Exactly, their experience and the contribution add up to the current craze and interest in bitcoin. At least he got pizzas for them, what about those that lost their private keys or their harddrives forever? They list them without even a slice of pizza. Title: Re: The 10.000 btc pizza... Post by: xBitHodler on October 02, 2017, 01:11:25 PM 10 000 BTC for a pizza? This guy must have felt content when he paid for it with BTC which he has mined. He wasn't able to predict Bitcoin's future price. Early spenders probably blame themselves but for us it was very important. Maybe they encouraged other people to buy BTC from them?
Title: Re: The 10.000 btc pizza... Post by: BrewMaster on October 02, 2017, 02:51:06 PM Yea he didn't see the potential. I think it's pretty funny and ironic that one would use $5000 coins for pizza. and 10000 of them as well. but whats done is done, no use crying over split milk. the "potential" was the fact that he took a decentralized digital token (practically some numbers on the computer back then) and used it as a currency for the first time in the history. and obviously he did not posses the magic ball you have to tell him about the future. and who said 10,000 bitcoin was all the bitcoin he ever owned? have you ever thought he may have 1,000,000 coins right now! Title: Re: The 10.000 btc pizza... Post by: viktorbesov on October 02, 2017, 03:31:03 PM i guessing the guy jump off a bridge are something a few year later are is committed .No way is he alive are sane at this stage lol Heroes dont do like that ;D I think he was a little sad as he find out Bitcoin BTC price a few years later.. But he realy cant imagine the future where some "NUMBERS" on computer have so big value for all people. It was first steps of cryptocurrencies in general and it cant be without things like that. Title: Re: The 10.000 btc pizza... Post by: Prince8 on October 02, 2017, 03:35:59 PM he didnt sacrifice anything..
he could have spent 10k btc on the btc and bought 10k btc again in the next minute doesnt make any difference.. life goes on Title: Re: The 10.000 btc pizza... Post by: MelisaMoris on October 02, 2017, 03:39:51 PM I agree that actions like this help spread the word about BTC and its eventual rise, but to keep saying he lost or wasted million of dollars is just absurd
Title: Re: The 10.000 btc pizza... Post by: Chachacoin17 on October 02, 2017, 04:00:53 PM ...guy is a hero in Bitcoin really. Because when bitcoin wouldnt be spend in the early days we all now wouldnt be here... Early spenders made it possible for bitcoin to develop. So to say he spend half a billion on a pizza. Well not in that time. What he actually did was to make it possible to boost bitcoin to the price of today. Yeah right! We should be thankful to that guy. And to the pizza owner who accepts bitcoin. Great things really comes from small beginning. That's just how it goes.If bitcoin wasn't spent before, then there's ni bitcoin today. So we should all support bitcoin and continue to buy using bitcoin to support its purpose as a digital currency. He sacrificed, as other early spenders, money to give others money basicly. Because only now its a store of value because of these early spendings. He was one of the founders of the total marketcap of today. He basicly invested a portion of his wealth to create a huge ponzi scheme... haha. Well jk. But anyway. I think thats a better way to look at it then a guy who ordered a pizza of half a billion. No, thats not how it is. Cause if no one would v spended bitcoin in beginning it would be worthless today. Title: Re: The 10.000 btc pizza... Post by: omerchip on October 02, 2017, 04:05:34 PM Yes you wrote a good writing.Everyone want to be here when million dollars pizza sold but we cant.we should look to the future.Every new coin excites me
Title: Re: The 10.000 btc pizza... Post by: Pettuh4 on October 02, 2017, 04:08:06 PM he didnt sacrifice anything.. he could have spent 10k btc on the btc and bought 10k btc again in the next minute doesnt make any difference.. life goes on Certainly, they all contributed their qota to the historical snakes of Bitcoin and they are responsible for its advancement and rich history of Bitcoin. Had he not spent that much bitcoins maybe future generations wouldn't even believe the history of Bitcoin sockets consider all as one package. Title: Re: The 10.000 btc pizza... Post by: hich_ang on October 02, 2017, 04:12:23 PM I think he's thinking he's idiot now ;D No one wants to be millionaire by spending millions of dollars on 1 Pizza. I wouldn't appreciate to be in his place.
Title: Re: The 10.000 btc pizza... Post by: stompix on October 02, 2017, 04:48:31 PM I think he's thinking he's idiot now ;D No one wants to be millionaire by spending millions of dollars on 1 Pizza. I wouldn't appreciate to be in his place. No, but all of us believe you're the idiot. If it weren't for that pizza maybe nobody would have transacted BTC for something for months or maybe we would have never had a btc transaction between people. So the value of BTC would be the same as before the pizza buy, a big fat 0. The amount of newbies acting as the gods of knowledge around here is disgusting. Yeah right! We should be thankful to that guy. And to the pizza owner who accepts bitcoin. Great things really comes from small beginning. That's just how it goes.If bitcoin wasn't spent before, then there's ni bitcoin today. So we should all support bitcoin and continue to buy using bitcoin to support its purpose as a digital currency. There was no pizza restaurant accepting bitcoin at that time. There was no shop accepting bitcoin. That was one of the first transactions between two guys with some kind of value. The receiver of the 10k BTC paid with a cc for the pizza to be delivered to Lazlo. Title: Re: The 10.000 btc pizza... Post by: BitWhale on October 02, 2017, 04:58:54 PM I often think about the early adopters, the first bitcoin miners etc.
Not many of them actually held their coins until today, and the vast majority had to sell at least some coins to cover the electricity cost of running the miners themselves. As things progress so does your opinion of them. Think about when bitcoin was $5 a piece... if you were mining you were happy with the profit you just received, after all, all you had to do was mine for it. Not many miners just sat there and stacked coins with anticipation that it'd be so highly priced today. In that sense, it's not all that crazy to spend 10k btc on a pizza, it's only in hindsight that it "sounds" insane, but in reality, it was a fair priced trade for the time. The same argument could be made if bitcoin really does go to 100k in the future... alll of the people selling right now because they are happy with their profits... it looks great right now, but wouldn't look so great in the future. The opposite could be said as well, what if bitcoin goes ot $500 in the future... yet you are holding until the moon... Title: Re: The 10.000 btc pizza... Post by: Kprawn on October 02, 2017, 05:15:13 PM It was actually not just one pizza, he bought more from other people too, just to prove that Bitcoin can be used to buy
ordinary food items. When this was later published in the media, it draw a lot of attention and a lot of people adopted Bitcoin when they learned about this. In a way, he was a Hero to some people, because his actions put a lot of things in motion for people to be rich today. ;) Title: Re: The 10.000 btc pizza... Post by: pginvest on October 02, 2017, 05:21:43 PM I would have loved to have had a slice of that pizza, just for bragging rights. But seriously it was probably a fair enough deal at the time. Who is to know that people will not laugh at us in a few years time at the though of us paying, I don't know say 20 BTC for a Tesla (This being when BTC might be worth $500K a piece).
Just a theoretical scenario a $5Million Tesla Title: Re: The 10.000 btc pizza... Post by: Wesimon on October 02, 2017, 05:23:31 PM I dont know but everytime I read about that 10000btc pizza, it makes me quite sad but more of excitement. Imagine what that person is feeling right now. It's like you throw a million dollar money.
Title: Re: The 10.000 btc pizza... Post by: BeerPanda on October 19, 2017, 01:19:30 PM So crazy. I think now he regrets so much (( btw there are a lot of people who have done somethong like that
Title: Re: The 10.000 btc pizza... Post by: eann014 on October 19, 2017, 02:01:25 PM I don't think if such person thinks about himself as hero because he didn't know that Bitcoin is going to be worth so much money in the future. It wouldn't be nice to talk to him and ask how does he feel about it. Would he be mad because he could have a fortune now? Or would he turn it into a joke? Also I think that he wasn't the only person who spent Bitcoin somehow. Yeah I guess he don't like what he did if he will just back the time, maybe he will don't buy that pizza with that worth. So expensive. LOL ;DAs like what you've said maybe he is not the only one who buy their bitcoin in other things and regret today that why they just buy that, if they only knew that bitcoin price will get this high amount. I've also buy my bitcoin last year and now I am also regretting, but that is already past and we don't have any chance to come back that moment. Title: Re: The 10.000 btc pizza... Post by: Chrisdstar on October 19, 2017, 02:03:54 PM He couldn't look into the future.
Title: Re: The 10.000 btc pizza... Post by: coxpon on October 19, 2017, 02:08:36 PM same story: in the early days one of my classmates mined bitcoin in the school, a few years later he realized he had a fortune... but he forgot the password of the wallet and had no backup. ::) ::) ;D ;D he was really disappointed
Title: Re: The 10.000 btc pizza... Post by: paolo099 on October 19, 2017, 02:13:31 PM I think he's thinking he's idiot now ;D No one wants to be millionaire by spending millions of dollars on 1 Pizza. I wouldn't appreciate to be in his place. No, but all of us believe you're the idiot. If it weren't for that pizza maybe nobody would have transacted BTC for something for months or maybe we would have never had a btc transaction between people. So the value of BTC would be the same as before the pizza buy, a big fat 0. The amount of newbies acting as the gods of knowledge around here is disgusting. Yeah right! We should be thankful to that guy. And to the pizza owner who accepts bitcoin. Great things really comes from small beginning. That's just how it goes.If bitcoin wasn't spent before, then there's ni bitcoin today. So we should all support bitcoin and continue to buy using bitcoin to support its purpose as a digital currency. There was no pizza restaurant accepting bitcoin at that time. There was no shop accepting bitcoin. That was one of the first transactions between two guys with some kind of value. The receiver of the 10k BTC paid with a cc for the pizza to be delivered to Lazlo. What if, at that time, btc project ended because nobody wasn't trusted and followed? yes, that guy got a free pizza without spending a single penny, so what? Are the people like him which definitely boosted the BTC reputation, the possibility to buy food with just a sequence of 1 and 0 demonstrate (him and the pizza seller) they both agreed to exchange goods for bits. There are no idiots involved in that transaction, there are many idiots which are jumping on the BTC bandwagon hoping to become rich! We all want to live a better life but they have no clue how BTC works, they want to earn free moneyzz spamming on the forum to get a signature campaign and they feel god if they gain 1$ out of nowhere.. Title: Re: The 10.000 btc pizza... Post by: Bonanzacoin on October 19, 2017, 07:45:30 PM same story: in the early days one of my classmates mined bitcoin in the school, a few years later he realized he had a fortune... but he forgot the password of the wallet and had no backup. ::) ::) ;D ;D he was really disappointed Oooh well... darn him!! That silly classmate of yours. Hahahahaha! (happy family laugh that goes to church every hour, or no, lives there and sing praise the lord the whole day) because my original post was being DELETED for no reason! Title: Re: The 10.000 btc pizza... Post by: jal007 on October 19, 2017, 08:00:32 PM yap, this kind of personne deserve to get a gold Crown
Title: Re: The 10.000 btc pizza... Post by: jak3 on October 19, 2017, 08:15:08 PM Yeah he was really a hero because of him there are so many people here today. I have heard of this story many times and probably has told this like 30-35times to the guys who came to me for learning about Bitcoin. I don't think this pizza guy has ever imagined that Bitcoin will be so much more in the future but he has taken the risk.
Title: Re: The 10.000 btc pizza... Post by: leex1528 on October 19, 2017, 08:28:48 PM I really don't think this dude is a hero at all.
Its like saying I am a hero for something that happens 30 years from now that I literally had no idea I was trying to create or help that movement from happening. He probably just thought that Bitcoin would hover around where it was, and therefore was more like an anti hero of Bitcoin. Probably kicking himself now.... Title: Re: The 10.000 btc pizza... Post by: Aikidoka on October 19, 2017, 09:36:36 PM I always wonder where he is right now and what he is thinking of. I hope he is not blaming himself because surely it was not his fault to begin with. Personally, if I were him, I would do the exact same thing. I would not know that bitcoin would be worth it in the future. But it is always good to live people's experiences and learn from their mistakes. And as you said, if he, alongside other people, did not buy bitcoin, the latter would not be as great as it is today. So, special thanks for people who contributed into making our life better with bitcoin.
Title: Re: The 10.000 btc pizza... Post by: Bonanzacoin on October 19, 2017, 09:38:51 PM I always wonder where he is right now and what he is thinking of. I hope he is not blaming himself because surely it was not his fault to begin with. Personally, if I were him, I would do the exact same thing. I would not know that bitcoin would be worth it in the future. But it is always good to live people's experiences and learn from their mistakes. And as you said, if he, alongside other people, did not buy bitcoin, the latter would not be as great as it is today. So, special thanks for people who contributed into making our life better with bitcoin. the irony is that if he or others never spend it in that time, it would v never became worth this much. Thats my point... Title: Re: The 10.000 btc pizza... Post by: mazzaneo on October 19, 2017, 09:45:22 PM He might have paid the $20 and saved a few of those BTC's had he predicted the value was going to go where it was going to go. What you must realise is that at the time it probably wasnt a bad deal, he probably got the pizza for close to free.
Title: Re: The 10.000 btc pizza... Post by: drm on October 19, 2017, 10:01:27 PM I dont know but everytime I read about that 10000btc pizza, it makes me quite sad but more of excitement. Imagine what that person is feeling right now. It's like you throw a million dollar money. Obviously he wouldn't have done it if he knew what would happen to the btc price. Might be hard to believe for some, but he is actually quite ok with it now. Title: Re: The 10.000 btc pizza... Post by: pushups44 on October 19, 2017, 10:04:28 PM At the time, it was impossible to tell the direction of bitcoin, since it was in its infancy and hardly anyone knew what it was. Hopefully the guy who made this famous transaction saved a few along the way. While it was excusable at the time, he was given many more chances to hop on the train.
Title: Re: The 10.000 btc pizza... Post by: XbladeX on October 19, 2017, 10:14:16 PM ...guy is a hero in Bitcoin really.*** wiethout such peope Bitcoin will be PICE OF SHIET peope need to use BTC to give it value. If you just hold BTC you actualy hurt it this is not how it should work we need economic activity bihind that BTC. We should thank all 10 000 BTC pizza people for giving it value more than miners. Title: Re: The 10.000 btc pizza... Post by: ohhhhi on October 19, 2017, 10:21:41 PM Over time this piece of bitcoin lore will be the most commonly referenced I think
Title: Re: The 10.000 btc pizza... Post by: whoisyourking on October 19, 2017, 10:52:56 PM ...guy is a hero in Bitcoin really. Because when bitcoin wouldnt be spend in the early days we all now wouldnt be here... Early spenders made it possible for bitcoin to develop. So to say he spend half a billion on a pizza. Well not in that time. What he actually did was to make it possible to boost bitcoin to the price of today. He sacrificed, as other early spenders, money to give others money basicly. Because only now its a store of value because of these early spendings. He was one of the founders of the total marketcap of today. He basicly invested a portion of his wealth to create a huge ponzi scheme... haha. Well jk. But anyway. I think thats a better way to look at it then a guy who ordered a pizza of half a billion. No, thats not how it is. Cause if no one would v spended bitcoin in beginning it would be worthless today. That guy is not a hero he actually pay pizza for the right price that time. bitcoin that time is just a waste of time he is actually lucky because pizza shop accepted his bitcoin without knowing the value of bitcoin that time. If i am that guy i will also change my bitcoin for a pizza to be able to fill my hunger. Title: Re: The 10.000 btc pizza... Post by: mostkey on October 19, 2017, 11:03:20 PM It was actually not just one pizza, he bought more from other people too, just to prove that Bitcoin can be used to buy ordinary food items. When this was later published in the media, it draw a lot of attention and a lot of people adopted Bitcoin when they learned about this. In a way, he was a Hero to some people, because his actions put a lot of things in motion for people to be rich today. ;) this man deserves to be praised, for it is the blessing of the many changes that dominate the method of bitcoin payments in the culinary field, and the many changes that guide bitcoin holders to early success, as they arise in social media, and make bitcoin users more and more forthcoming, for that. this guy should be noted in the history books bitcoin, Title: Re: The 10.000 btc pizza... Post by: mrcash02 on October 19, 2017, 11:09:10 PM I'm not sure if these people spending Bitcoin on early days made possible our currently reality. Most Bitcoin enthusiasts weren't and aren't buying Bitcoins to order food, buy stuff, they are doing this to grow their money holding Bitcoins. People just need to start selling all their Bitcoins to dump the price to the ground.
Title: Re: The 10.000 btc pizza... Post by: Aba on October 20, 2017, 12:28:03 AM if he knows the price of bitcoin in the future will rise, he will be one of the rich too. this story becomes a lesson for me how bitcoin can change a person
Title: Re: The 10.000 btc pizza... Post by: smartJEV on October 20, 2017, 12:43:38 AM if he knows the price of bitcoin in the future will rise, he will be one of the rich too. this story becomes a lesson for me how bitcoin can change a person But he is famous now :) Anyway hope the pizza was good :) Title: Re: The 10.000 btc pizza... Post by: Feri577 on October 20, 2017, 12:50:47 AM You know what, people really understand what bitcoin is: a currency.
People who are surprised by such expenses do not understand what bitcoin is, they consider bitcoin as an investment that should make them rich in bitcoin if you think so. of course we all know that bitcoin is on the rise and we all take the big advantage but if everyone sees bitcoin just as an investment to make a profit, bigger I am sure there are still many advantages Bitcoin increases because this is currency not because it is investment .. Title: Re: The 10.000 btc pizza... Post by: Jating on October 20, 2017, 12:55:47 AM You know what, people really understand what bitcoin is: a currency. People who are surprised by such expenses do not understand what bitcoin is, they consider bitcoin as an investment that should make them rich in bitcoin if you think so. of course we all know that bitcoin is on the rise and we all take the big advantage but if everyone sees bitcoin just as an investment to make a profit, bigger I am sure there are still many advantages Bitcoin increases because this is currency not because it is investment .. At that time no one could predict has bitcoin would evolved. And he did the right thing, he used bitcoin as payment method to bought his favorite pizza. No one can question his decision on that. Yes, bitcoin has already surging however, his action wasn't wrong. And I don't know if he still made sudden appearance here, But I know the guy is now Legendary and maybe his action really push bitcoin one step further to what we are enjoying today. Title: Re: The 10.000 btc pizza... Post by: xbl1008 on October 20, 2017, 03:45:54 AM This is a lesson for us all for taking investment that you gonna trust where your money is or could i say where you invest your money in, back there I also doubt bitcoin because digital goods back there such pc and smart phones are really expensive but i got high hopes for bitcoin so i earned really big now for keeping a small quantity but i really regret not getting so much back there if I only knew that bitcoin price will explode this big I should sell my car and but as many bitcoins back in the days..
Title: Re: The 10.000 btc pizza... Post by: fishbonez11 on October 20, 2017, 04:13:45 AM Mind blowing to read the title of this thread, an overpriced pizza I thought! But since it's about the guy who bought pizza using bitcoin... First, it is not actually a billion dollars worth pizza. Not billion dollars because bitcoin at that time have much lower market value compared to what we have today. Though admittedly, what that guy did really upped the bitcoin price (thank to him), many others also did the same by choosing to pay for their food or transactions using bitcoin (thanks to them). I believe they did not regret their decision at that time.
Title: Re: The 10.000 btc pizza... Post by: alexanderisora on October 20, 2017, 04:56:24 AM That guy will not be happier if he had all those billions of $ today. THey will just disappear, there is nothing to be envy to.
The goal is to learn how to invest money smart. A good skill in investing will lead you to wealth anyway, even if you have $1 in your pocket. Title: Re: The 10.000 btc pizza... Post by: raymart0720 on October 20, 2017, 05:00:43 AM I don't think if such person thinks about himself as hero because he didn't know that Bitcoin is going to be worth so much money in the future. It wouldn't be nice to talk to him and ask how does he feel about it. Would he be mad because he could have a fortune now? Or would he turn it into a joke? Also I think that he wasn't the only person who spent Bitcoin somehow. Hahahahhaha agree..No one knows back then that bitcoin will what it will as of now. I think the best word describe is he became a big part of bitcoins growth and he plays a big role as of bitcoins current state right now ... right. But I think before they spend it they will exchange it to fiat and not make payments through bitcoins back then Title: Re: The 10.000 btc pizza... Post by: 8270thNinja on October 20, 2017, 05:17:08 AM He is not , He just used bitcoin as is. AS A CURRENCY. Maybe we can also call him even the people who spent bitcoin as a currency as a MODEL a living MODEL that everyone should follow. Honestly . Almost everyone sees bitcoin as an investment platform ( which is okay) but Holding it for a long time without even spending it is really wrong and if everyone will do this, sooner or later bitcoin will be just vanished.
Title: Re: The 10.000 btc pizza... Post by: iamTom123 on October 20, 2017, 05:32:07 AM I don't think if such person thinks about himself as hero because he didn't know that Bitcoin is going to be worth so much money in the future. It wouldn't be nice to talk to him and ask how does he feel about it. Would he be mad because he could have a fortune now? Or would he turn it into a joke? Also I think that he wasn't the only person who spent Bitcoin somehow. It is unfortunate that humans generally do not have the gift of perfectly predicting the future (maybe we have to exempt those few people who have the gift of seeing the future just like Nostradamus). During the time when those boxes of pizzas were bought the main purpose of the transaction is to show that Bitcoin can be utilized as a currency and the story became so famous all because everybody is thinking what if the Bitcoin were just kept how much would it be now...? I am sure that the one who was buying the pizza back then would just be laughing if asked how he is feeling right now that Bitcoin has already surpassed the $5,000 level. And we are seeing here one of the facets of Bitcoin and there are actually more stories to this one. In fact, maybe 10 years from now, there would be people who might be wondering why people in 2017 let go of their Bitcoin at the $5,500 level because who knows the value can be over a million at that time. Wanna buy some pizzazz, anyone? Title: Re: The 10.000 btc pizza... Post by: stompix on October 20, 2017, 05:35:41 AM I'm not sure if these people spending Bitcoin on early days made possible our currently reality. Most Bitcoin enthusiasts weren't and aren't buying Bitcoins to order food, buy stuff, they are doing this to grow their money holding Bitcoins. Really? What are you talking about? It was during that period when the bases for what is now the bitcoin environment where set. Nobody was that keen on hoarding coins, Gavin was giving away 1 btc in a faucet, and that is 1 per user , in total more than 1k BTC: https://bitcointalk.org/index.php?topic=183 Right now, if you try to encourage payments with bitcoins there are a lot of fools who will label you stupid (see this thread) without realizing that without commerce and exchange there is no bitcoin price. Title: Re: The 10.000 btc pizza... Post by: tigermonkey on October 20, 2017, 05:41:09 AM He will be rich now if he did not order that pizza. Wondering if the boss of pizza store keeps the bitcoins...
Title: Re: The 10.000 btc pizza... Post by: wolfracer on October 22, 2017, 07:13:05 PM Actually, I don't think he has anything to regret (or maybe he already committed suicide) they built the community today. If we make a comparison, we were able to buy bitcoin a long time ago at a ridiculous price but instead we probably buy a pizza in fiat, a cell phone or just something anything else. We do not allocate those amounts to buy btc taking advantage of its low price and destined as an investment, which would be the equivalent of a fortune nowadays in bitcoin.
Title: Re: The 10.000 btc pizza... Post by: wenjun123 on October 26, 2017, 03:03:43 PM I think that this guy with pizza is not the only one who spent bitcoins in their early stages of development. And it seems to me that these people gave a significant impetus to the development and distribution of bitcoin precisely as a currency, and not as an investment. They, it may be said, tested the work of the crypto currency experimentally and strengthened its position. They succeeded, and we must thank them to them :)
Title: Re: The 10.000 btc pizza... Post by: Xester on October 26, 2017, 03:08:28 PM ...guy is a hero in Bitcoin really. Because when bitcoin wouldnt be spend in the early days we all now wouldnt be here... Early spenders made it possible for bitcoin to develop. So to say he spend half a billion on a pizza. Well not in that time. What he actually did was to make it possible to boost bitcoin to the price of today. He sacrificed, as other early spenders, money to give others money basicly. Because only now its a store of value because of these early spendings. He was one of the founders of the total marketcap of today. He basicly invested a portion of his wealth to create a huge ponzi scheme... haha. Well jk. But anyway. I think thats a better way to look at it then a guy who ordered a pizza of half a billion. No, thats not how it is. Cause if no one would v spended bitcoin in beginning it would be worthless today. I heard this story before it was in the beginning when bitcoin was merely launched. So at that time, having buying pizza in that amount of bitcoin seems to value like billion also. Especially if that bitcoin is from the first time bitcoin was launched maybe he bought it for just one dollar and yet he was able to buy a box of pizza worth 10$. Title: Re: The 10.000 btc pizza... Post by: btcprospecter on October 26, 2017, 03:20:49 PM This story is by far one of the biggest legends in bitcoin. Now we see it as bitcoins current value I hope both have done well out of bitcoin. If anything it showed proof of concept.
Title: Re: The 10.000 btc pizza... Post by: HabBear on October 26, 2017, 03:25:38 PM For anyone interested in reading the original thread where the guy asked to buy 2 pizzas for 10,000BTC, you'll find it HERE. (https://bitcointalk.org/index.php?topic=137.0)
It's great to know that these historical stories unfolded on this very forum. To the Newbies, this forum is the center of the Bitcoin world. Title: Re: The 10.000 btc pizza... Post by: Mister1k on October 26, 2017, 03:33:11 PM For anyone interested in reading the original thread where the guy asked to buy 2 pizzas for 10,000BTC, you'll find it HERE. (https://bitcointalk.org/index.php?topic=137.0) It's great to know that these historical stories unfolded on this very forum. To the Newbies, this forum is the center of the Bitcoin world. Since we know this information already why this has been created to explain the same information about pizza news. Is the pizza news will not be back at all. We will find the bitcoin price will be grown every time dude. Same scratch value will not be return in the price chart. I hope we do not need this discussion more and op can close thread before it goes to multiple pages. Title: Re: The 10.000 btc pizza... Post by: HabBear on October 26, 2017, 03:52:17 PM What are you saying? Seriously, it's a bit hard to follow your writing.
Several people on this thread mention something to the effect of "oh, I've heard of this story..." My reply shares with them the actual story, rather than them having to remember some rumor they heard from a friend. There are so many new people on this forum lately (due to bitcoin awareness growth) that it's absolutely appropriate to introduce the new folks to the classic tale that unfold on this forum 7 years ago. For anyone interested in reading the original thread where the guy asked to buy 2 pizzas for 10,000BTC, you'll find it HERE. It's great to know that these historical stories unfolded on this very forum. To the Newbies, this forum is the center of the Bitcoin world. Since we know this information already why this has been created to explain the same information about pizza news. Is the pizza news will not be back at all. We will find the bitcoin price will be grown every time dude. Same scratch value will not be return in the price chart. I hope we do not need this discussion more and op can close thread before it goes to multiple pages. Title: Re: The 10.000 btc pizza... Post by: thenameisjay on October 26, 2017, 04:00:02 PM For anyone interested in reading the original thread where the guy asked to buy 2 pizzas for 10,000BTC, you'll find it HERE. (https://bitcointalk.org/index.php?topic=137.0) It's great to know that these historical stories unfolded on this very forum. To the Newbies, this forum is the center of the Bitcoin world. Thanks to these people, and I bet multiple people have done this, they skwed the bitcoin price so much to make it an investable commodity. Thanks to these pizza living people that we get to enjoy passive income through the growth of bitcoins. Theubtruly deserve their names be etched on the history books of bitcoin. Title: Re: The 10.000 btc pizza... Post by: lucifochrome on October 26, 2017, 04:06:55 PM it is what you have said, If there is no one that utilized bitcoin back then it will not go from 0 to 6K. No one can truly say what is in store for us in the future but for these people that had faith in crypto currency back then i think it is just for the faster transaction, and if we don't use it then there will be no transaction and in every transaction there is the miner that processed that information, every information that was processed gets rewarded with bitcoin, every bitcoin that was rewarded was deducted from the pool and in to the circulation and in every reward the supply slowly depletes, hence the rise of the price as the demand goes higher.
Title: Re: The 10.000 btc pizza... Post by: shimbark123 on October 26, 2017, 05:35:51 PM That pizza guy is probably a billionaire right now if he only stored his bitcoins. What could possibly be his money if he just store his bitcoins up to this point.
Title: Re: The 10.000 btc pizza... Post by: G2z_Riya on October 26, 2017, 05:39:39 PM The person who bought the pizza as well the delivery person could have never thought that this could grow to such an extent. Now if he had those in his wallet he would be a billionaire as well he could have got some control hands to manipulate the market.
Title: Re: The 10.000 btc pizza... Post by: hacker1001101001 on October 26, 2017, 05:43:46 PM I don't think if such person thinks about himself as hero because he didn't know that Bitcoin is going to be worth so much money in the future. It wouldn't be nice to talk to him and ask how does he feel about it. Would he be mad because he could have a fortune now? Or would he turn it into a joke? Also I think that he wasn't the only person who spent Bitcoin somehow. Yes, most of the early users of bitcoin did not accepted that bitcoins price will reach $6000 in future as it was not so famous in at the start. They spent btc as they though its just a new technology to earn and spend money nothing more but now the same bitcoin has become a golbal attraction and peopel try to earn more and more of it. |