Dumbass who bought a pizza for 10k bitcoins

[nameface]

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.

Make him a hero! http://imgur.com/DHxQM

very nice work

I believe the pizza purchase was well worth it. Obv the guy who bought it had a zillion BTC and is now worth millions.

[1714157082]

1714157082

[dustintrammell]

casascius pizza coin = 10,000 btc

Genius.

[goodlord666]

OP failed to make a simple assumption:

Assuming Laszlo had 50k in BTC or more (which isn't unlikely) that sale gave the rest of his balance its current value.

If you spend 10 BTC today, how smart would the person ten years from now be calling you a "dumbass" for spending a million bucks worth of bitcoin on a pair of used Calvin Klein underwear.. or whatever the hell one buys for 10 BTC these days.

[solareclipse64236]

I ALREADY EXPLAINED THIS.

Most people who trade stocks really do call others dumb for not being able to forecast the future.

Stop reiterating things on my thread and go get an explanation from a professional somewhere.(A LAWYER there, go ask a lawyer)

[Akka]

Bitcoin is not like a stock, where you buy shares in a company that offers something and you can therefor expect it to grow (your Microsoft example). If everyone would just sit on their coins expecting them to grow, they wouldn't be worth a single cent.

It's things like this pizza deal that give BTC Value. In fact that was the first proof of Bitcoin having any real live value that I now of.

[Andrew Sesame]

It wasn't the guy who bought it that was dumb.

[evoorhees]

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

That is a very silly comment.

Some day, in the future, some guy on a forum thread will say, "wow, solareclipse64236 was sooo stupid for buying that thing at $10/coin, didn't he know they would be worth $1,200 in only three years?!?"

[rayvellest]

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

He bought a pizza for the exchange rate of that time, what's wrong with that? It would be the same as if you decide to buy a pizza with 1BTC today, and without expecting, in 6 months 1BTC is valued at 1m dollars, would you call yourself a numbnuts?

[r.willis]

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.

You should spend the money while you're still young.

[MonkeyBear68]

He could still have plenty of BTC in his savings.

Those that believe in Bitcoin will keep some as investments. If however you are planning to buy something that is available on a site that accepts BTC then it makes sense to support that website by getting just enough Bitcoins from an exchange to immediately purchase the item and support the Bitcoin economy. By doing this all our BTC will go up in value.

[Canaanite]

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

Do YOU know what the future will be?

[lightlord]

lol, that 10,000 BTC for that pizza is now worth nearly $600,000.
60% of a million dollars 

Unless that pizza was solid gold.
I hope that pizza was good!

[🏰 TradeFortress 🏰]

I doubt this purchase made any impact on BTC value.

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

How far has prices changed..

[ccl]

He could still have plenty of BTC in his savings.

Those that believe in Bitcoin will keep some as investments. If however you are planning to buy something that is available on a site that accepts BTC then it makes sense to support that website by getting just enough Bitcoins from an exchange to immediately purchase the item and support the Bitcoin economy. By doing this all our BTC will go up in value.

I agree

A successful pizza place that accepts btc would be a nice investment than juz keeping the coins to myself. it'll be boring to juz wait around waiting for the PERFECT time. to me it's like waiting for the day i'd die and i'd spend everything on the last day.., pass the money around in support to the community...

it's his money, his bitcoins, his pizza to enjoy... he felt it's the right time to buy a pizza that day and made him happy...

happiness = priceless 

[battmann]

Hopefully we still have pizza in 10 years. 

Don't even joke like that dude. Somethings are not meant to be joked around with...

[the founder]

FYI : I do not agree with calling the guy a dumbass or anything of the sort.   This guy did something that might have changed history.   Until that point Bitcoin was never used for commerce.  He was the first.    Because of that he is sort of a hero to the bitcoin community.    

Maybe a better way to phrase it,  because he did that he pushed Bitcoin ahead at least 2 years.

That being stated,   it's a valid metric (Bitcoin Pizza Index)  because it does show how much Bitcoin has progressed in the past 3 years, and because of that it's included in the official Ounce.Me Bitcoin Apps.



Well the official pizza index is up.

Via web:

http://www.ounce.me

Via Android Free:

https://play.google.com/store/apps/details?id=com.btc.ounce.me

Via Android Paid (no ads)

https://play.google.com/store/apps/details?id=com.bitcoin.ounce.me.paid

[b!z]

FYI : I do not agree with calling the guy a dumbass or anything of the sort.   This guy did something that might have changed history.   Until that point Bitcoin was never used for commerce.  He was the first.    Because of that he is sort of a hero to the bitcoin community.   

Maybe a better way to phrase it,  because he did that he pushed Bitcoin ahead at least 2 years.




Well the official pizza index is up.

Via web:

http://www.ounce.me

Via Android Free:

https://play.google.com/store/apps/details?id=com.btc.ounce.me

Via Android Paid (no ads)

https://play.google.com/store/apps/details?id=com.bitcoin.ounce.me.paid

lol bitcoin pizza index

[ohlawd]

I believe we are all still early adapters, and we some of us will be laughed at later. thats why I plan to hoard the s*** out of my bitcoins.

[jonytk]

Hey 59.570 EUR / BTC  and bitcoin-central is DOWN.... someone call the site owner!

[jing_troop]

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.

Gold would be about US$32/Troy Ounce around mid fifties.  I think the free market rate for it now is something like US$1.5k...big bump, to be fair.  By the way Gweedo, are you familiar with Expression Engine?  My team has projects that overflow from time to time, would be good to check out your work, get a quote, maybe do biz in BtC.