Bitcoin Pizza Index = $1,011,173.53

[the founder]

Pizza Index just crossed 1 million dollars.

Bitcoin Pizza Index = $1,011,173.53

http://www.ounce.me

It keeps going back and fourth from 99.xx to 100...  

[the founder]

I had to take a screenshot of this!

Bitcoin Pizza Index = $1,011,173.53

[Parazyd]

Had to be one hell of a pizza 

[the founder]

Had to be one hell of a pizza 

Lasso is a freaking hero,  without him doing that the Pizza Index wouldn't exist,  Bitcoins would not be at 100+ dollars and we would not be where we are today.

[ataranlen]

Had to be one hell of a pizza  

Lasso is a freaking hero,  without him doing that the Pizza Index wouldn't exist,  Bitcoins would not be at 100+ dollars and we would not be where we are today.

I have to refer people back to this concept every time someone asks why I used my Bitcoins instead of hoarding them. We all contributed to where Bitcoin is today. "Without trade, there is no market. Without a market, there is no value"

[cbeast]

How many Bitcoins will it take to buy a pizza tomorrow?

[Stunna]

$650,000 pizza now :|

[the founder]

You realize that pizza gained 100,000 dollars since you posted that yesterday?

Bitcoin Pizza Index = $744,340.77

[Trongersoll]

Could someone please explain what the Pizza Index is? I suspect this something that longtime reader understand but has us newer types scratchin' opur heads.

[the founder]

Could someone please explain what the Pizza Index is? I suspect this something that longtime reader understand but has us newer types scratchin' opur heads.

In 2010,  a man purchased a pizza dinner for for 10,000 bitcoins (at the time valued at about $40 bucks).

The Pizza Index was established at that time and it keeps track of what those 10,000 bitcoins are worth today,  it's fairly widely adopted for a few reasons.

1 - it sums up the growth of Bitcoin,  like the disaster we had yesterday didn't send bitcoins to 10,000 for a Pizza... meaning bitcoins are still UP in a huge way in just 900 days.

2 - Some say it's proof that bitcoin can't be a currency like a dollar or Euro, but rather it's a commodity like Gold or Silver,  if bitcoins continue to rise at the rate they have been since 2010 for example (factoring out bubbles)  ... a few bitcoins could buy you a flat panel TV today, in 10 years it might buy you the house to put the TV in.    In other words people won't spend them for that reason,  but they WILL invest in them because they can store wealth.

3 - Others believe that it is the most valid metric to present to new adopters of bitcoins,  as in one number it tells someone the entire outlook of Bitcoins and their trajectory over the past few years.

[bb113]

I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day.  I like having left over pizza to nibble on later.  You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!

I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that.  I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.

If you're interested please let me know and we can work out a deal.

Thanks,
Laszlo

The value of a bitcoin is better measured in pizzas than USD.

[Trongersoll]

Could someone please explain what the Pizza Index is? I suspect this something that longtime reader understand but has us newer types scratchin' opur heads.

In 2010,  a man purchased a pizza dinner for for 10,000 bitcoins (at the time valued at about $40 bucks).

The Pizza Index was established at that time and it keeps track of what those 10,000 bitcoins are worth today,  it's fairly widely adopted for a few reasons.

1 - it sums up the growth of Bitcoin,  like the disaster we had yesterday didn't send bitcoins to 10,000 for a Pizza... meaning bitcoins are still UP in a huge way in just 900 days.

2 - Some say it's proof that bitcoin can't be a currency like a dollar or Euro, but rather it's a commodity like Gold or Silver,  if bitcoins continue to rise at the rate they have been since 2010 for example (factoring out bubbles)  ... a few bitcoins could buy you a flat panel TV today, in 10 years it might buy you the house to put the TV in.    In other words people won't spend them for that reason,  but they WILL invest in them because they can store wealth.

3 - Others believe that it is the most valid metric to present to new adopters of bitcoins,  as in one number it tells someone the entire outlook of Bitcoins and their trajectory over the past few years.

Thanks for the explanation.

[the founder]

And you both just gave me an idea....

Current Pizza Value : BTC 0.57

Now you can keep track of what that exact purchase would cost today in Bitcoins.

[Mylon]

And you both just gave me an idea....

Current Pizza Value : BTC 0.57

Now you can keep track of what that exact purchase would cost today in Bitcoins.

Though I think the layout might've screwed up a bit by adding the extra row. (it really looks like the extra row did it, if so start thinking about expanding it variably depending on how many products are in the list, would save you from having to manually update it every time you add/remove something from the list )

Almost forgot to add, I really like the pizza index, and I think the current pizza index is a great addition!

[Trongersoll]

cool! love the addition!!!

[the founder]

Bitcoin Pizza Index = $1,021,595.43


Funny back exactly were we started with this thread

[Killdozer]

I am not sure it's the case, but I am assuming that the pizza purchase was THE first usage of bitcoin as a currency for a real world transaction. Even if it wasn't in fact, the first, it seems that it at least symbolizes it. Nevertheless, the symbolic value is huge: the pizza purchase was the event that "gave birth" to the value of bitcoin. Seeing price go up from 10 to 100 in a month is great, don't get me wrong, but it's much more majestic to see it go from 0 to non-zero, which is sort of what happened when the pizza was purchased. Right now there is a lot of chatter, posts, articles, about the value of bitcoin, if it's too high, too low, if there is a bubble, blabla, but it's always about it's value. Back then, there was NO value at all. Bitcoins were just a game. And then came pizza purchase creating something out of nothing. A true miracle.

Anyway, you know what would be great? To have a big display of the Bitcoin Pizza Index somewhere in a public place, much in the same way there is some display in the US which displays their nation debt, a constantly rising figure Would be very cool to have our display directly under it, showing that the Bitcoin Pizza Index also rises with time, except with much better consequences for the peoples.

[CasinoBit]

Pizza Index just crossed 1 million dollars.

Bitcoin Pizza Index = $1,011,173.53

http://www.ounce.me

It keeps going back and fourth from 99.xx to 100...  

This is hilariously awesome but also makes me realize how financially established I could have been by now if I had not heeded the advice of those opposing the adaptation of the new Bitcoin currency as an early adopter, could have been sipping cocktails on a private island right now.

I guess it has taught me not to listen to idiots, even if that idiot has a master in finance and wears a fancy suite.

[bb113]

KBC says that Domino's Pizza is in a class of its own (p110)

http://uk.reuters.com/article/2009/01/03/idUKPTIP32510920090103

[buzztiaan]

did anyone know where the pizza index went?