[2018-02-25]Original Pizza Day Purchaser Does It Again With Bitcoin Lightning Ne

[Diced90]

Original Pizza Day Purchaser Does It Again With Bitcoin Lightning Network
Laszlo Hanyecz, the man that completed the world’s first documented Bitcoin (BTC) transaction for a physical item in 2010 -- 10,000 BTC for two pizzas -- has now bought two more pizzas using the Bitcoin Lightning Network.

Hanyecz posted on the Lightning-dev mailing list today, Feb. 25, that he had to get his friend in London to “sub contract” out the pizza delivery to a local pizza place in order to pay on the Lightning Network, because “pizza/bitcoin atomic swap software” is yet unavailable.

However, according to Hanyecz, the transaction still “demonstrates the basic premise of how this works for everyday transactions. It could just as well be the pizza shop accepting the payment directly with their own lightning node.”

The original BTC-pizza transaction took place on May 22, 2010 and has been celebrated as Bitcoin Pizza Day ever since. There is a Twitter feed dedicated to a daily posting of what 10,000 BTC equals according to that day’s market value -- today’s value is tweeted as $97,560,750.

This time around Hanyecz paid 649000 satoshis, or 0.00649 bitcoins, which equals around $62 for both pizzas.

In order to receive the pizza, Hanyecz decided that the best way to prove he had paid for it was to show the driver the first and last four characters of the hex string of his Lightning payment hash preimage, and if it matched with what the driver had, he would get his pizza.

Hanyecz posits the pizzas as prizes to be received only if the lightning transaction can be done successfully, writing that if he couldn’t show the driver the pre-image, “the pizza would not be handed over and it would be destroyed.”

The trial was a success, Hanyecz got his pizzas, but he added that “it's probably not a good practice to share the preimage.”
READ MORE https://cointelegraph.com/news/original-pizza-day-purchaser-does-it-again-with-bitcoin-lightning-network

[1Referee]

I absolutely love it! It perfectly shows the contrast between how things were back in the days, and how they are today. I hope that when we're 10 years away from now, he'll do the exact same thing, but then with just 20,000 Satoshis to complete the same valued pizza transaction. For those who are too lazy to do the math, it would mean that Bitcoin's value will be $320,000 by that time.

“The goal was just to play around with c-lightning and do something more than shuffling a few satoshi back and forth.  Maybe eventually pizza shops will have their own lightning nodes and I can open channels to them directly.”

Imagine how things will be if all stores and merchants will allow everyone to open a channel in same way. If that's becoming reality at whatever point in the future, I won't even need to use fiat anymore, wich is such a big step forwards. LN will close the currently massive gap between digital fiat payment infrastructure and Bitcoin's by default very limited processing power.

[Lucius]

I like the spirit of this man,after 10 000 BTC for two pizza back in 2010 he is now buying pizza again using LN and showing that today we not need even 1% of BTC to buy same thing.Considering many sad stories I read on this forum regarding lost BTC, he apparently have no problems with his "loss",probably because he have much more saved BTC or pizzas are worth every satoshi

However 62$ for two pizzas today is to much for me, London is expensive city obviously-luckily Laszlo did not decide to do this in Japan.I doubt that 100 $ would be enough to order 2 pizzas there

[Betwrong]

Laszlo  did it again. Thus guy's name will stay put in the history of Bitcoin forever. It's funny that not everyone knows that the original proposition to buy pizza for 10,000 BTC was made by Laszlo Hanyecz here on bitcointalk. https://bitcointalk.org/index.php?topic=137.0

Especially I like the part where he writes in the same thread 3 days later:

So nobody wants to buy me pizza?  Is the bitcoin amount I'm offering too low?

Amazing! That moment when you wish you could time travel the most.

[laurenB7742]

It's funny how people still say stuff like "Imagine if he saved those 10,000 BTC till now, he would have X million dollars today."
That is just irrelevant. He probably didn't spend his last bitcoin for that pizza so he still is a millionaire despite spending those bitcoins in 2010.

[DrSha]

After the first 10k pizza I would of opted for something different. Pizza would leave a sour taste after spending all those coins back then.. Anyone for McDonalds?

[steadyrice]

Congrats to the guy for being such a good sport. I think a lot of people made fun of him since 2010, but nice of him to embrace it and not let any of the bad talk get to him. He has already become a bitcoin legend, and this solidifies his position further.