10000 BTC for a pizza?

[cypherdoc]

i claim Urban Myth.  even at $.01/BTC that equals $100 for that pizza.  who would pay this?  was BTC ever that cheap?  if its true, have that man step forward.

[1714159496]

1714159496

[1714159496]

1714159496

[Quantumplation]

http://forum.bitcoin.org/index.php?topic=137.0

[error]

Yes, it really happened.

[xc]

Definitely not a myth... the price used to be around $.0005/BTC when I first showed up

[Bazil]

http://forum.bitcoin.org/index.php?topic=137.0

[mewantsbitcoins]

No way! 

[cypherdoc]

and he's a Global Moderator?  no wonder i don't see him around here anymore.  i hope he didn't jump off a bridge...

[cypherdoc]

Definitely not a myth... the price used to be around $.0005/BTC when I first showed up

that is fricking insane.

[cypherdoc]

No way! 

hey mewants; you're mouth is cut off

[wachtwoord]

dear lord those are two 85 grand pizzas 

[Jaime Frontero]

dear lord those are two 85 grand pizzas 

we are nothing without our legends...

[Quantumplation]

dear lord those are two 85 grand pizzas 

180 grand.

[wachtwoord]

nah, he got 2 pizza's

Reading this makes me sad and feel really greedy btw. I could have been a freaking billionaire

[cypherdoc]

so where is laszlo?

[Bit_Happy]

It was a good deal, since people learned they could buy real items with BTC.

[Bit_Happy]

so where is laszlo?

Last Active:    May 23, 2011, 05:02:59 am
May 23 is not long ago. Perhaps he sold some coins and went to Italy for Pizza. 

[Quantumplation]

It was a good deal, since people learned they could buy real items with BTC.

Yea, I honestly think this was a kind of critical moment for the bitcoin economy, and it would have struggled far more than it did without some kind of transaction like this.  It's almost as if laszlo "sacrificed" himself for our future survival...

*starts writing this down.  Hell, it can't be more far fetched than Scientology...*

[kgo]

I'll go out on a limb and say that anyone wouldn't trade their life's savings for a pizza.  So if he offered 10,000, I'm sure he had 50,000 or more on hand.

[cypherdoc]

why didn't he buy that pizza from me?

[Findeton]

I say it's time: 10,000 BTC for House. Maybe in 6 months you could buy Apple for that amount of bitcoins

[Quantumplation]

I'll go out on a limb and say that anyone wouldn't trade their life's savings for a pizza.  So if he offered 10,000, I'm sure he had 50,000 or more on hand.

I know, and he offered to do it any time.   I was being snarky.

[marcus_of_augustus]

I think the offer has been closed now.

[Quantumplation]

I think the offer has been closed now.

Rather, at the time, he said it was a standing offer.  And yes, he has since rescinded this.

[gigitrix]

I love that Bitcoin has memes now. We have the 10kBTC pizza, and we have the alpaca socks... our own little cryptocurrency counterculture...

[marcus_of_augustus]

I love that Bitcoin has memes now. We have the 10kBTC pizza, and we have the alpaca socks... our own little cryptocurrency counterculture...

pretty sad huh? ... pizza and socks ...  oh and riding GPUs, Slim Pickens like into oblivion

[lacedwithkerosene]

I got the first concert tickets. The price has tripled already. 

[airdata]

Legendary.  I had not seen the thread before.

[Vladimir]

I love that Bitcoin has memes now. We have the 10kBTC pizza, and we have the alpaca socks... our own little cryptocurrency counterculture...

carrots too

[chiropteran]

I'd give 1 BTC for a pizza right now.

[cypherdoc]

I'd give 1 BTC for a pizza right now.

i wouldn't.  1 btc will be in the thousands very soon.

[theymos]

I sold 15,000 BTC for about $45, and I've bought at around that price, too. It really was worthless a year or so ago.

It was surprising when the price reached $0.01 -- I had been trading at below a cent for some time.

[Dude65535]

If you know you can buy pizza with bitcoin any time you want you can convert your pizza money to bitcoins and not have to worry about how long it takes to turn them back into dollars if you want a pizza.  

[FreeMoney]

I made my first purchase at .03. It was really really small

[cypherdoc]

I sold 15,000 BTC for about $45, and I've bought at around that price, too. It really was worthless a year or so ago.

It was surprising when the price reached $0.01 -- I had been trading at below a cent for some time.

theymos,

why didn't u call me?

[kr105]

I love that Bitcoin has memes now. We have the 10kBTC pizza, and we have the alpaca socks... our own little cryptocurrency counterculture...

carrots too

I see this joke about carrots everywhere, can someone please explain it or link me some thread?

[lacedwithkerosene]

I love that Bitcoin has memes now. We have the 10kBTC pizza, and we have the alpaca socks... our own little cryptocurrency counterculture...

carrots too

I see this joke about carrots everywhere, can someone please explain it or link me some thread?

Carrots were on the pizza. It was a carrot pizza.

(Note that's my attempt at combining hand-me-down tales and re-writing history)

[vrotaru]

I love that Bitcoin has memes now. We have the 10kBTC pizza, and we have the alpaca socks... our own little cryptocurrency counterculture...

carrots too

I see this joke about carrots everywhere, can someone please explain it or link me some thread?

• http://www.weusecoins.com/
• http://weusecarrots.com/

[Ricochet]

I recall the 10,000 BTC was worth about $50 at the time, so whatever that exchange rate translates into.  $50 is still a lot for two large pizzas, but I suspect he wanted to give an incentive for someone to do it.

[canton]

Re-reading this thread, I realized everyone's missing the point:

PIZZA IS AN INCREDIBLY STABLE & FUNGIBLE CURRENCY.

I'm currently in the process of converting all of my hoarded BTC and USD into medium size pizzas (each unit is divisible to about 2 decimal points.) There's an electricity cost I have to subsidize to keep them fresh in a deep-freezer, but it's less electricity than I could consume with a mining rig, so...

[RodeoX]

I remember that. It's true.

[mccorvic]

I have had a few friends who know little about BTC but have still heard the pizza story from somewhere.

[D4CH]

Hahaha, I bet he feels like shit now and thinks he should have kept them

[FreeMoney]

Hahaha, I bet he feels like shit now and thinks he should have kept them

That's -really- unlikely. When people realize that they can actually do stuff with coins it makes them go get even more. He probably feels much better about buying a (historic) pizza with bitcoins than spending dollars on pizza which could have gotten him bitcoins. And the amount bad he feels about both is probably negative.

[edd]

I'd give 1 BTC for a pizza right now.

i wouldn't.  1 btc will be in the thousands very soon.

Not if people don't exchange them for other things, like pizzas.

[TheBitMan]

Anyone think an investment in litecoin is worth it?

[rjk]

Anyone think an investment in litecoin is worth it?

HAHAHAHAHAHAHA

no.

[runeks]

Anyone think an investment in litecoin is worth it?

No. Literally no one thinks that.

[Serenata]

I came across this thread just today... At first I though he offered $10 (we use , for decimals and . for thousands) but then I realized!!! :O

[SimonL]

>I bet he is okay cuz he has 200,000 more:)

Yeah seriously, he had ample time to mine more at that stage and frankly I doubt those would have been the only coins in his possession. And just for context, what would have stopped him from dropping 30 bucks to buy 10,000 more? People seem to think that once his coins were gone he had no hope of getting any more, the logic mystifies me.

[bencoder]

>I bet he is okay cuz he has 200,000 more:)

Yeah seriously, he had ample time to mine more at that stage and frankly I doubt those would have been the only coins in his possession. And just for context, what would have stopped him from dropping 30 bucks to buy 10,000 more? People seem to think that once his coins were gone he had no hope of getting any more, the logic mystifies me.

As somebody who had several thousand coins (from selling something small and cpu mining) back when they were they were somewhere around $0.005, It absolutely wouldn't surprise me if the vast majority of the other "early adopters" from those days had no coins left.

I sold the majority of those very early coins when the price jumped 10 times(!) up to $0.05 in the course of a few days. I also gave many away to friends to convince them to try out bitcoin (I mean, giving away blocks of 50 or 100 coins at a time).

It's not like we knew the price was going to rise so much.

[Dansker]

What everyone needs to remember is, that part of the explanation as to WHY bitcoins are valuable today is because people started using them.

If we go all butterfly effect on this, one could imagine that if he had not paid that amount in bitcoins for that pizza, then bitcoins would not have caught on, and the coins would be worth nothing today.

All in all, he did the right thing in buying that pizza, even if he did think the value was going to go up.

Spending bitcoins because you think they are worth something is good, it will help increase their value.

[Serenata]

What everyone needs to remember is, that part of the explanation as to WHY bitcoins are valuable today is because people started using them.

If we go all butterfly effect on this, one could imagine that if he had not paid that amount in bitcoins for that pizza, then bitcoins would not have caught on, and the coins would be worth nothing today.

All in all, he did the right thing in buying that pizza, even if he did think the value was going to go up.

Spending bitcoins because you think they are worth something is good, it will help increase their value.

Good point!

[giszmo]

I recall the 10,000 BTC was worth about $50 at the time, so whatever that exchange rate translates into.  $50 is still a lot for two large pizzas, but I suspect he wanted to give an incentive for someone to do it.

if you try to buy anything from any merchant that is not yet into bitcoin, you probably would not get it even at a 100x markup. most merchants i ask about bitcoin don't even consider it a scam. they just don't consider it at all.

else, if you can buy something for bitcoin, please do so and don't bother hoarding. you are one of those who know where to convert fiat to bitcoin so you don't loose anything if you use bitcoin.

[notme]

Anyone think an investment in litecoin is worth it?

Totally, I have about 140 that I'd part with.  PM me with an offer.  Last I looked, they were worth about 8/10th of a bitcoin, but it would take at least 0.5 Bitcoin for me to fire up my litecoin client and resync.

[Bungeebones]

How many toppings did he get?

[notme]

How many toppings did he get?

Second result after searching for pizza:
https://bitcointalk.org/index.php?topic=137.0

It was actually 2 pizzas.