Bitcoin Forum
December 10, 2019, 10:58:12 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Pizza sold for 10,000 BTC in 2010...  (Read 1665 times)
opsd1
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
March 26, 2013, 08:35:53 PM
 #1

http://motherboard.vice.com/blog/this-pizza-is-worth-750000
1576018692
Hero Member
*
Offline Offline

Posts: 1576018692

View Profile Personal Message (Offline)

Ignore
1576018692
Reply with quote  #2

1576018692
Report to moderator
1576018692
Hero Member
*
Offline Offline

Posts: 1576018692

View Profile Personal Message (Offline)

Ignore
1576018692
Reply with quote  #2

1576018692
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1576018692
Hero Member
*
Offline Offline

Posts: 1576018692

View Profile Personal Message (Offline)

Ignore
1576018692
Reply with quote  #2

1576018692
Report to moderator
1576018692
Hero Member
*
Offline Offline

Posts: 1576018692

View Profile Personal Message (Offline)

Ignore
1576018692
Reply with quote  #2

1576018692
Report to moderator
1576018692
Hero Member
*
Offline Offline

Posts: 1576018692

View Profile Personal Message (Offline)

Ignore
1576018692
Reply with quote  #2

1576018692
Report to moderator
SR20DEN
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
March 26, 2013, 08:38:39 PM
 #2

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

Activity: 85
Merit: 10


Fortune favors the bold and brave


View Profile
March 26, 2013, 08:54:01 PM
 #3

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!

"It is a mistake to suppose that any technological innovation has a one-sided effect. Every technology is both a burden and a blessing; not either-or, but this-and-that." -Neil Postman Technopoly
1FooDLuTYk782GQNrY7zY1obTc4ceUfj5t
MikeMark
Full Member
***
Offline Offline

Activity: 179
Merit: 100


Bitcoin: money chosen by the market.


View Profile
March 26, 2013, 09:11:43 PM
 #4

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

Anyone?


The Path of the Just is as the Shining Light...
jwzguy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000



View Profile
March 26, 2013, 09:12:33 PM
 #5

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

Mike Christ
aka snapsunny
Legendary
*
Offline Offline

Activity: 1078
Merit: 1003



View Profile
March 26, 2013, 09:14:23 PM
 #6

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

Anyone?



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

gamelife859
Newbie
*
Offline Offline

Activity: 26
Merit: 0



View Profile
March 26, 2013, 10:35:49 PM
 #7

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

Activity: 18
Merit: 0


View Profile
March 27, 2013, 01:01:55 AM
 #8

That man serves as a martyr and example to us all.
thomashrev89
Full Member
***
Offline Offline

Activity: 190
Merit: 100



View Profile
March 27, 2013, 01:55:14 AM
 #9

shiiiiit O_O

agibby5
Sr. Member
****
Offline Offline

Activity: 267
Merit: 250


View Profile
March 27, 2013, 05:04:27 AM
 #10

If everyone held their bitcoins, we wouldn't have a bitcoin economy.
Bitzing
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
March 27, 2013, 05:10:08 AM
 #11

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  Wink

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!
notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1001


View Profile
March 27, 2013, 05:19:06 AM
 #12

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

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Minlukaz
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
March 27, 2013, 08:35:04 AM
 #13

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.
wishlog
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
March 27, 2013, 09:33:30 AM
 #14

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

Activity: 420
Merit: 250



View Profile
March 27, 2013, 11:36:01 AM
 #15

This is the dumbest thing I ever heard of.  Shocked

empoweoqwj
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
March 27, 2013, 11:39:19 AM
 #16

Hope it was a big pizza
cr00k
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
March 27, 2013, 11:49:41 AM
 #17

haha! hope that pizza was worth it!
crazyfingers
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
March 27, 2013, 12:01:28 PM
 #18

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!

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.
WishIStartedSooner
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250


View Profile
March 27, 2013, 12:13:51 PM
 #19

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!

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?
Bitzing
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
March 27, 2013, 12:21:39 PM
 #20

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  Tongue
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!