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Author Topic: Dumbass who bought a pizza for 10k bitcoins  (Read 15417 times)
solareclipse64236
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September 13, 2012, 03:14:46 AM
 #1

Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?

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TehZomB
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September 13, 2012, 03:18:44 AM
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He helped get the currency off the ground.

Sorry you can't appreciate that.
Valalvax
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September 13, 2012, 03:19:50 AM
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If Lazlo never bought that Pizza, Bitcoins would likely be worth little to nothing still
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September 13, 2012, 03:20:19 AM
 #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.
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September 13, 2012, 03:32:58 AM
 #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.

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September 13, 2012, 03:36:31 AM
 #6

casascius pizza coin = 10,000 btc

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September 13, 2012, 03:37:45 AM
 #7

casascius pizza coin = 10,000 btc

LMAO

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"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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September 13, 2012, 03:42:00 AM
 #8

I doubt this purchase made any impact on BTC value.

Roughly $110,000 at today's value. I hope that was a tasty pizza.
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September 13, 2012, 03:46:27 AM
 #9

Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?

What about the guy who pays 1BTC for a pizza today? Will he be a dumbass in 10 years when each BTC is worth 10K USD?
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September 13, 2012, 03:50:02 AM
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Hopefully we still have pizza in 10 years.  Shocked
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September 13, 2012, 03:57:25 AM
 #11

I doubt this purchase made any impact on BTC value.

Roughly $110,000 at today's value. I hope that was a tasty pizza.


That is like saying "Grandpa your an idiot for spending a dollar cause now that could be worth $500 (I am making up numbers for the example)" You have to think, that a year in time, is a long time in the bitcoin economy. Just like 70 years is a long time to hold on to money now.

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September 13, 2012, 03:58:33 AM
 #12

I doubt this purchase made any impact on BTC value.

Roughly $110,000 at today's value. I hope that was a tasty pizza.


That is like saying "Grandpa your an idiot for spending a dollar cause now that could be worth $500 (I am making up numbers for the example)" You have to think, that a year in time, is a long time in the bitcoin economy. Just like 70 years is a long time to hold on to money now.

Which also reminds me that you should spend the money while you're still alive.

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September 13, 2012, 04:02:12 AM
 #13

Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?
It was like one of the first bitcoin transactions ever.  At the time, it was like he got two pizzas for free.

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September 13, 2012, 04:02:54 AM
 #14

casascius pizza coin = 10,000 btc
OMG GENIUS!

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September 13, 2012, 04:36:00 AM
 #15

casascius pizza coin = 10,000 btc

BRILLIANT!
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September 13, 2012, 05:20:00 AM
 #16

In two more years, people will say the same thing about the "dumbasses" that sold when it moved from 15 to 8.

Bro, do you even blockchain?
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September 13, 2012, 12:15:35 PM
 #17

I love the detailed in depth economic analysis offered by the OP but I am afraid I must disagree.

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STACK









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Francesco
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September 13, 2012, 12:35:54 PM
 #18

Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?

Can I say you are? Most worthless OP so far.
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September 13, 2012, 12:55:17 PM
 #19

I love the detailed in depth economic analysis offered by the OP but I am afraid I must disagree.

I'm still not sure. I'm going to have to really dig in and make sure that I am interpreting the charts correctly but I think he may be onto something. ;p

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
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September 13, 2012, 01:35:07 PM
 #20

Can I just say that the person who bought a pizza for 10,000 bitcoins is a numbnuts?
Would you buy a pizza today for 0.5 bitcoin?

Yes or not?
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