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Author Topic: Pizza sold for 10,000 BTC in 2010...  (Read 1665 times)
crazyfingers
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March 27, 2013, 12:31:20 PM
 #21

Thanks for the reply and the link WishIStarted.

I still don't quite understand the point of Litecoin when BTC is already highly divisible but I guess it provides competition and maybe makes governmental tracking / bans even more difficult. What the hell I'll buy a couple hundred bucks worth.
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crazyfingers
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March 27, 2013, 12:35:54 PM
 #22

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

Cool. Thanks. Yes, of course it is all about risk vs reward, but at the same time it's hard to shake the feeling we're on the cusp of something revolutionary.
edaikuan
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May 25, 2013, 03:12:13 AM
 #23

That is probably one of the most expensive pizza in the history of pizza. But at that time, the buyer must thought that he made a good deal.
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May 25, 2013, 03:18:13 AM
 #24

That is probably one of the most expensive pizza in the history of pizza. But at that time, the buyer must thought that he made a good deal.

In present value, it was probably a good deal for the buyer. Transactions like these were important to prove Bitcoin was a usable currency.
alkuluku
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May 25, 2013, 03:26:32 AM
 #25

This is the dumbest thing I ever heard of.  Shocked
And everyone who didn't buy Microsoft shares for $21 in 1986 were idiots.

"Schrödinger's cat walks into a bar. And doesn't."
-Brian Malow
TheGovernedSelf
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May 25, 2013, 03:28:04 AM
 #26

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

0.1 now
itxtutor
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May 25, 2013, 06:25:09 AM
 #27

Damn if he kept the coins, he´s now f**ckn rich

TimJBenham
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May 25, 2013, 06:36:15 AM
 #28

Meme is wrong.  Roll Eyes

 It was 10k BTC for TWO pizzas.

You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
bohanz
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May 25, 2013, 07:32:56 AM
 #29

If he kept the coins, he would have been still broke. What if no one had ever made a transaction with the useless coins, as they essentially were at the time?
TimJBenham
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May 25, 2013, 08:03:43 AM
 #30

If he kept the coins, he would have been still broke. What if no one had ever made a transaction with the useless coins, as they essentially were at the time?

But but.. what if he had been satisfied with ONE pizza and had kept the other 5,000 BTC? Who eats 2 LARGE pizzas at a sitting anyway?

You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
MorXpe
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May 25, 2013, 10:43:31 AM
Last edit: May 25, 2013, 11:08:01 AM by MorXpe
 #31

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.

True. Gavin Andersen was very uncomfortable when asked about "bitcoin faucet" (interview: Triangulation 103).

Bitcoin fauced used to be the largest bitcoin giveaway in history. It was a script that send you free bitcoins to play around with. At the beginning it used to give away 5 btc to every visitor (first determined by IP and Bitcoin address, later by Gmail account). This value decreased over time to mBTC.

It appears that Gavin Andersen gave away total of 10'000 BTC, an equivalent of 1'300'000 USD today. (if I remember it correctly...).
Of course it wasn't all his money, he used to get donations to do this... but still.
kieras
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May 25, 2013, 11:01:59 AM
 #32

I want that great looking pizza.
RobinHood27
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May 25, 2013, 11:12:20 AM
 #33

Well, congrat to this man, that was real BitCoin promotion in that time

all things are good
MorXpe
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May 25, 2013, 11:17:25 AM
 #34

It appears that Gavin Andersen gave away total of 1'0000 BTC, an equivalent of 1'300'000 USD today ... Of course it wasn't all his money, he used to get donations to do this

The first 10,000 bitcoins were provided by Gavin. They were his own. Donations were in addition to that.

Now that's something. Or is it?

It's like an inflation vs deflation memory battle.

Now when you think that people used to buy a car for $1000 in the 50's, you think you're doing so much better than they did.
But truth is that $1,000 in 1950 had the same buying power as $9,728.86 in 2013.

When someone spend 10,000 BTC on pizza, an equivalent of $10 at the time, you think he's been robbed.
philr14
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May 25, 2013, 11:27:17 AM
 #35

Wolrds most expensive Bitcoin in todays rates.
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May 25, 2013, 01:43:29 PM
 #36

But truth is that $1,000 in 1950 had the same buying power as $9,728.86 in 2013.

Wow $9,728.86 , what a precission
veracity
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May 27, 2013, 11:33:51 PM
 #37

It just shows how quickly the price has risen.  It will continue going up for the foreseeable future.
giligon
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May 27, 2013, 11:48:31 PM
 #38

iot is really expensive pizza
daywalker
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May 28, 2013, 12:17:47 AM
 #39

Ill hand deliver a pizza to anyone for 10k btc  lol
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