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Author Topic: current cost of a pizza in bitcoins <.036086  (Read 1306 times)
isoneguy (OP)
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February 03, 2017, 05:46:10 PM
 #1

We've came a long way.

1 bitcoin could buy you at least 28 pizzas at this time.



10,000 bitcoin could buy you pizza for life give or take a pizza (277,115ish)
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February 03, 2017, 05:56:15 PM
 #2

This should be in off topic.
Usually pizza cost 5-20$.
What's so special about that 37 dollar pizza?
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February 03, 2017, 05:59:05 PM
 #3

This should be in off topic.
Usually pizza cost 5-20$.
What's so special about that 37 dollar pizza?

I was actually googling the same thing, and according to what I have found it is not just the cost of pizza.
what he bought is a large Pizza plus Brat (I think it is sausage or something like that)
pizza is only worth 24.99 large and 13.99 small Cheesy

the menu: http://www.rudloofs.com/wp-content/uploads/2016/08/Virtical-Menu.jpg

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February 03, 2017, 05:59:57 PM
 #4

Story about "the pizza" is awesome but we must take our looks in the future now. I don't have need to glorifying this story, this is part of history, and everything in life has its start. Real value behind internet and blockhain - bitcoin, cannot be measured in pizzas or dollars.
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February 03, 2017, 06:04:37 PM
 #5

That's a one expensive pizza, I could have 3 large ones (40cm) for that price. Maybe it has slices of Kobe Beef on it?
Or maybe they are adding some extra fee to their bitcoin transactions?

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isoneguy (OP)
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February 03, 2017, 06:21:04 PM
Last edit: February 03, 2017, 09:49:31 PM by isoneguy
 #6

That's a one expensive pizza, I could have 3 large ones (40cm) for that price. Maybe it has slices of Kobe Beef on it?
Or maybe they are adding some extra fee to their bitcoin transactions?

It was just a large with cheese crust...+city tax, used a shift card so it cost whatever coinbase's "sell now" rate was.

maybe one of the employees ripped me off? wouldn't surprise me...now that I think about it they've been overcharging me for years now...it was those two fat ass mexican kids.

don't let the fat mexican kids ring you up if you eat here...the pizza's good otherwise.
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February 03, 2017, 06:25:39 PM
 #7

Story about "the pizza" is awesome but we must take our looks in the future now. I don't have need to glorifying this story, this is part of history, and everything in life has its start. Real value behind internet and blockhain - bitcoin, cannot be measured in pizzas or dollars.

Hear hear!

The first physical goods brought with Bitcoin were certainly not Pizza!

I remember buying US postal stamps from http://newlibertystandard.wikifoundry.com/page/Specialty+Shop and other people made direct exchanges to PayPal via New Liberty Standard prior to that.

The very first Bitcoin purchases were simply not documented publicly on this forum or anywhere else. I doubt that my stamp purchase or others exchanges were the first transactions for physical goods or services either.

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isoneguy (OP)
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February 03, 2017, 07:01:04 PM
 #8

I think it's easiest to compare a currency to pizza because it's something that many people can relate to.

And I'm not trying to remind anyone of hardship or glorify something that should not be bought to light.

You must realize however...that pizza transaction is one of the founding blocks of world adaptation and the story helps fuels it.

Spending bitcoin is as important as saving it.
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February 04, 2017, 02:02:02 AM
 #9

Granted, 'the pizza' was an important milestone (sort of) at the time, on bitcoin's history But,
Personally, whenever I think about that transaction or reminded of it, makes me cringe. I imagine how I would feel if that was me.

Anyway, it could happen to us as well. We could be spending and 'gladly' paying 50's or 100's of mbtc's for pizzas or games now, but today's btc value could be multiplied by 100's in time.

I do wonder what was the very first physical goods bought with Bitcoin.

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February 04, 2017, 02:49:47 AM
 #10

The pizza incident helped boost the guy's career I'm sure and opened many doors. It was a solid investment imo.



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February 04, 2017, 03:07:33 AM
 #11

Granted, 'the pizza' was an important milestone (sort of) at the time, on bitcoin's history But,
Personally, whenever I think about that transaction or reminded of it, makes me cringe. I imagine how I would feel if that was me.

Anyway, it could happen to us as well. We could be spending and 'gladly' paying 50's or 100's of mbtc's for pizzas or games now, but today's btc value could be multiplied by 100's in time.

I do wonder what was the very first physical goods bought with Bitcoin.

Correct that is why we must save as much bitcoin as possible since in the future we do not know the value it could reach, while we are having a good time commenting about the famous pizza transaction may be in the future we will talk about the bitcoin we spent in something we did not need and that will be worth a lot in the future.
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February 04, 2017, 05:08:51 AM
 #12

I wonder where's that guy from that pizza story is he on this forum? Roll Eyes
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February 04, 2017, 05:55:16 AM
 #13

I wonder where's that guy from that pizza story is he on this forum? Roll Eyes

I guess so, I haven't seen a pizza cost so much in my life. Something doesn't add up well but it is his own problem not mine or ours. We've indeed come a long way but I could buy a lot of pizzas with one Bitcoin.
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February 04, 2017, 07:52:57 AM
 #14

I wonder where's that guy from that pizza story is he on this forum? Roll Eyes

I guess so, I haven't seen a pizza cost so much in my life. Something doesn't add up well but it is his own problem not mine or ours. We've indeed come a long way but I could buy a lot of pizzas with one Bitcoin.
in my country i do not think that there is a single shop where they accept bitcoin for  purchasing Pizza. but if i match the currency price of bitcoin with the pizza cost i will like to say that it will cost 0.02 Bitcoin, and today i am going to give treat to my friend on my Baby boy birth day, and i am thinking to give then treat in Italian Pizza. or Pizza Hut.
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February 04, 2017, 08:34:43 AM
 #15

actually the pizza story is not about how much spent to get what but the main purpose of that story is that bitcoin was spent as a currency and it was a direct purchase not going through third parties, not using fiat in the end in the process, not selling bitcoin getting fiat and then buying pizza.
he directly offered bitcoin in exchange for pizza.

and that is where we should go. it doesn't matter if you can buy 1 pizza with 1BTC or 100,000 of them.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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February 04, 2017, 08:56:24 AM
 #16

This is kinda off topic. But the price i think thats too much for a pizza. I can buy pizza for about $24-26. And i can save $10 when i buy it on cash than buy it with btc. Plus the price of bitcoin is surging right now. Its not a nice move to buy something with bitcoin. You could lose profits. But thats a good idea tho.
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February 04, 2017, 09:06:51 AM
 #17

And only a few years ago that guy needed to pay 10kBTC for a pizza, which is worth MILLIONS now... Maybe one day we will talk about paying 0.04BTC for a pizza as we are talking about that guy too! It would be awesome. Cheesy
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February 04, 2017, 09:46:42 AM
 #18

This should be in off topic.
Usually pizza cost 5-20$.
What's so special about that 37 dollar pizza?
No this shouldn't. Maybe you just don't know this really famous story about the times when bitcoin was worth cents and some guy wanted to buy two pizzas for 10 000 bitcoins if I'm not mistaken and many people weren't really interested in that. It was back in 2010 and I suppose the guy was one of the first miners, so he had a lot of btc. Here the topic is although the story seems so legendary to me that I'm not even sure this thread is where it actually happened. https://bitcointalk.org/index.php?topic=137.0

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February 04, 2017, 09:55:22 AM
 #19

Thats an overpriced pizza. Pizza shops like greenwich, shakeys and pizza hut in our country if they accept bitcoin the  current price for 1 box of pizza is 0.012 bitcoin only. If the pizza companies would sell overpriced pizza in bitcoin then I will just use fiat currency to purchase them. Your computation will already give me 3 box of pizza. Its much nice to see if big pizza shops will accept bitcoin and deliver it to your doorsteps. I love pizza and bitcoins.
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February 04, 2017, 10:07:10 AM
Last edit: February 04, 2017, 11:35:09 AM by isoneguy
 #20

Thats an overpriced pizza. Pizza shops like greenwich, shakeys and pizza hut in our country if they accept bitcoin the  current price for 1 box of pizza is 0.012 bitcoin only. If the pizza companies would sell overpriced pizza in bitcoin then I will just use fiat currency to purchase them. Your computation will already give me 3 box of pizza. Its much nice to see if big pizza shops will accept bitcoin and deliver it to your doorsteps. I love pizza and bitcoins.

Yeah, I've identified an issue with the fat, stoned and mexican looking kid(s) intentionally over ringing customers. Actual cost should be around $27 for the pizza with taxes and such.

Also it's tourist town so everything is over priced there.

The pizza place does not currently accept bitcoin, I used a Shift VISA card.

Also, an updated computation with your data indicates that 10,000 bitcoin should buy 833,333 and 1/3rd pizzas.

That's about 2340 pizza's a day for one year.
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