Did Laszlo Hanyecz see it as 10,000 BTC or as $41?

[tbct_mt2]

I believe that Laszlo saw his 10,000 bitcoin as $41 and not as 10,000 BTC.

10 Years After Laszlo Hanyecz Bought Pizza With 10K Bitcoin, He Has No Regrets

We can not know he told the truth about what he felt but to make his life and our life easier, we should consider things simply. If we sell something, we get an amount of money it deserves at that moment and here we go with the deal. No need to look back and regret just like Laszlo said in the interview.

Bitcoin in 2010 and in 2023 are different in its adoption, transaction volume, trading volume and its market price. Like in 2010, being able to sell your bitcoins to something physically is magic. If you see farther in the past, our ancestors even use shells as mean of payment but nowadays, it no longer has such value.

[Kakmakr]

Laszlo bought those pizzas to make a statement, which was to point out to people that Bitcoin can be used as legal tender to buy something. Many people looked at Bitcoin as "Monopoly" money and they did not take it seriously, but after Laszlo bought those pizzas, everything changed.

Also remember that any form of private money, was and still is ....highly illegal... so doing that was a huge risk at the time. He is one of the true pioneers of Bitcoin....and his supposed financial loss...is getting way too much attention. 

[YUriy1991]

My Opinion, It's likely that Laszlo Hanyecz saw his 10,000 BTC as $41 at the time of buying two pizzas with it, as he doesn't express any remorse about giving away such a large amount of bitcoins. Technology is constantly evolving and adoption is growing and I view bitcoin primarily in terms of its fiat currency value. it's likely that more people will start to see bitcoin's intrinsic value beyond its exchange rate.

Regardless, I think Laszlo will always be remembered as a pioneer in the early days of bitcoin.

[rat03gopoh]

Laszlo offers 10k bitcoins to everyone who manages to deliver pizzas to his address by any means, obviously he values 10k btc for more than the price of a pizza in the store.
For a deeper message, he just wanted to address his interest in paying with bitcoin, maybe he was curious about how acceptable bitcoin was at the time.

[LogitechMouse]

Neither of the 2 I believe.

After all, he didn't know that a thing called Bitcoin would be this popular after more than a decade, and besides, he didn't regret doing it like what he said in an interview. What he did became his greatest achievement (maybe), and one of the most iconic days of cryptocurrency. He just showed that if he can buy something using Bitcoin then we can do as well as long as both parties agreed into it.

Well, just to answer you OP, I think he saw 10,000 as $41 because if he didn't saw it like that then probably he's still holding it a few years after he did that transaction. Either way, he's happy with what he done with no regrets at all, and I will feel the same as well if I'm the one who did that because we both don't know what can be the future of Bitcoin. There are some more investors in the early years of Bitcoin where they sold it at a lower price for some reasons.

[coinerer]

at that time 10000 bitcoin was worth of $41. So he used them to buy two pizzas. Then he was very happy to buy only two pizzas with this 10000 bitcoins.  Because at that time Bitcoin was not used much.  It was never as easy to use Bitcoin and convert it to money as it is now. He then made the first purchase using Bitcoin.  So it was a matter of great joy for him. But currently he has nothing to do but regret those 10000 bitcoins. Because every bitcoin is worth millions of dollars now, it is not possible to get those bitcoins back

[leonair]

I'm not sure that Laszlo had either in mind.  First off, fun fact, Laszlo actually spent over 30,000 bitcoins in total for pizza.  I believe he made at least 3 deals in total for bitcoin for pizza trade.

Even though he doesn't want to think about it, sometimes they make him regret it because it's no longer possible to own 30k bitcoins.  He was probably more than happy to spend them on pizza for the time being.  But if he had 30,000 bitcoins today, he would be worth billions of dollars. However, none of us can say how much thought went into it. But if it had happened to me, I might have died of regret 

at that time 10000 bitcoin was worth of $41. So he used them to buy two pizzas. Then he was very happy to buy only two pizzas with this 10000 bitcoins.  Because at that time Bitcoin was not used much.  It was never as easy to use Bitcoin and convert it to money as it is now. He then made the first purchase using Bitcoin.  So it was a matter of great joy for him. But currently he has nothing to do but regret those 10000 bitcoins. Because every bitcoin is worth millions of dollars now, it is not possible to get those bitcoins back

If he hadn't used bitcoins at the time, we might not have seen bitcoin at this stage.  However, he used bitcoins to buy pizzas.  But he may or may not have predicted that Bitcoin could go to such a level in the future. But salute to Laszlo Hanyecz who introduced the use of bitcoins back then.

[Aikidoka]

He obviously saw the value of those Bitcoins in term of the FIAT equivalent, he was seeking for someone to trade a pizza for those coins, after all. In order for that to happen, he needed to offer a quantity in BTC which was competitive in comparison to the FIAT value of those pizzas.

The same way you may need to sell some Bitcoin to buy a pizza nowadays, you would look those satoshis for their FIAT value at the moment of the transaction.

Assuming you won't keep track of the price of those same satoshis when the price increase the next week, that is. 

Yeah exactly as what you said, I mean this guy bought couples of pizzas with 10K bitcoins which were worth only $41 at the time. It's likely that many people here have spent bitcoins when the price was below $10,000, so it's hard to blame that person because no one could have predicted with 100% certainty that the price of bitcoin would rise so much. A few years ago I bought my laptop when the bitcoin price was $11k and I spent about 0.05 btc, which was $550 at the time, but now it's worth $1400, I don't regret it because I needed that laptop at the time and I was happy with my purchase.

[coinerer]

at that time 10000 bitcoin was worth of $41. So he used them to buy two pizzas. Then he was very happy to buy only two pizzas with this 10000 bitcoins.  Because at that time Bitcoin was not used much.  It was never as easy to use Bitcoin and convert it to money as it is now. He then made the first purchase using Bitcoin.  So it was a matter of great joy for him. But currently he has nothing to do but regret those 10000 bitcoins. Because every bitcoin is worth millions of dollars now, it is not possible to get those bitcoins back

If he hadn't used bitcoins at the time, we might not have seen bitcoin at this stage.  However, he used bitcoins to buy pizzas.  But he may or may not have predicted that Bitcoin could go to such a level in the future. But salute to Laszlo Hanyecz who introduced the use of bitcoins back then.

It seems true but Bitcoin did not come to this world only because of Laszlo Hanyecz.  It is because of the hard work of thousands of Laszlo's that Bitcoin has come to this world today. Bitcoin made its first ATH of $20k in 2017 after China first declared Bitcoin as legal currency. Laszlo probably never anticipated this successful future in Bitcoin so he wasted his huge amount of Bitcoin just to buy pizza.  If he had known this he would have held tightly to his bitcoins without spending them

[Zoomic]

What’s your point? We should all hodl and never spend our bitcoins. How will bitcoin reach global adoption as a currency if bitcoiners are not willing to spend it on goods and services. Obviously he saw the bitcoins for what it was worth at the time. If he had a crystal ball to see the future he wouldn’t have made that transaction. I applaud Laszlo for being one of the first persons who used bitcoin as means of payment as Satoshi intended.

That is not the point because I have read where people are applauded for not have spent their bitcoin from early days. Especially early adopters. This is showing that we don't know what exactly is required of us to enhance bitcoin global adoption.

[panganib999]

Well at the time, for sure he saw it as 41 bucks, and would probably have reservations about selling 10,000 btc to buy a pizza if he knew what bitcoin's valuation is going to be, but in any case in order for adoptions to be made in this industry "someone has to start it all". Someone has to initiate the chain of events that would make bitcoin valuable in the process. I have no doubt that we owe a great deal to these pioneers that sold bitcoin and used bitcoin for regular transactions.

Laszlo is just but one of the few people who spoke up about their old experiences with bitcoin, there's also the people who bought 50 cent's album using bitcoins making the rapper effectively a millionaire at this point coz he has no plans of selling the earnings he got from that purchase, and many others. It is with our combined efforts that we make bitcoin relevant.

[Zoomic]

I believe that Laszlo saw his 10,000 bitcoin as $41 and not as 10,000 BTC.

10 Years After Laszlo Hanyecz Bought Pizza With 10K Bitcoin, He Has No Regrets

Even if he regrets, he wouldn't make it public but there's actually no good reasons to regret because he has made history. Even if he didn't get the pizza for 10,000 BTC, he would still have spent his bitcoin in order things that might not even worth it. In the worse case he could lose it to scammers which would be a bigger regret.

[Bushdark]

I could remember when I did research about Laszlo, he does that to promote Bitcoin not knowing that it will be one of his biggest mistake ever in the history of Bitcoin. He had made the mistake and now everyone is seeing it as a foolishness which is not so. He decided to sell his Bitcoin because he was just trying to see if Bitcoin can be used to purchase something online.
Really I don't see it as a mistake he made but his attempt to buy pizza with his Bitcoin made the value of Bitcoin to skyrocket those days increase Bitcoin awareness around the world.

[Vaskiy]

I could remember when I did research about Laszlo, he does that to promote Bitcoin not knowing that it will be one of his biggest mistake ever in the history of Bitcoin. He had made the mistake and now everyone is seeing it as a foolishness which is not so. He decided to sell his Bitcoin because he was just trying to see if Bitcoin can be used to purchase something online.
Really I don't see it as a mistake he made but his attempt to buy pizza with his Bitcoin made the value of Bitcoin to skyrocket those days increase Bitcoin awareness around the world.

Im not sure whether his intention was to promote bitcoin or not, but he wants to find if someone could offer service in exchange for bitcoin. With that in mind he posted it on our forum and a guy bought pizza and delivered to Laszlo. What was hos thinking and his loss is secondary, because if he hadn't used it as currency by that time we couldn't have experienced the ongoing growth of bitcoin. Even now this could've been serving around $100. El Salvador and other countries could've never intended to make it legal tender and more positive growth could've got restricted.

[seoincorporation]

What a great question...

Did Laszlo Hanyecz see it as 10,000 BTC or as $41?

The answer is:

Lazlo see it as a Pizza

In the end he gets two of them for that price.

I think that transactions weren't about the amount of money or about the amount of bitcoin, he want to prove to the world 2 things... The first one was, Bitcoin has a real value, and the second one was, it can be used to buy things. And that guy will be in the history books. Is not about the money behind the transaction, is about someone who believes in a new idea.

[Zoomic]

What a great question...

Did Laszlo Hanyecz see it as 10,000 BTC or as $41?

The answer is:

Lazlo see it as a Pizza

In the end he gets two of them for that price.

I think that transactions weren't about the amount of money or about the amount of bitcoin, he want to prove to the world 2 things... The first one was, Bitcoin has a real value, and the second one was, it can be used to buy things. And that guy will be in the history books. Is not about the money behind the transaction, is about someone who believes in a new idea.

It is nice to understand that the purpose for which he initialized the transaction is achieved. Today everyone knows that bitcoin has value and bitcoin can be used for payment of goods and services.

[Jawhead999]

That is not the point because I have read where people are applauded for not have spent their bitcoin from early days. Especially early adopters. This is showing that we don't know what exactly is required of us to enhance bitcoin global adoption.

Either hold or spend their coins, both of them are give a contribution to enhance Bitcoin global adoption.

People who hold their coins for long term will enjoy their profit during Bitcoin bull run, and people who spent their coins to buy or pay something they need, it's not wrong since they've contribute to use Bitcoin as a currency.

Today everyone knows that bitcoin has value and bitcoin can be used for payment of goods and services.

Bitcoin always have a value, value and price is a different thing.

[Baofeng]

By that time it's worth $40, so yeah he might have seen that way. The way we see the value of bitcoin as $30k in today's price.

@Vaskiy - I think in one interview he says that someone will have to start it, so he did what he it, buy Pizza with his BTC and it's all started this craze. And during that time, Bitcoin was seen as a payment method.

https://www.youtube.com/watch?v=j28hkTJMuTA&t=63s

past forward to 0:55.

[Ale88]

I believe that Laszlo saw his 10,000 bitcoin as $41 and not as 10,000 BTC.

What Laszlo did will remain forever in the history of bitcoin but of course he had to look also at the USD value because, whether we like it or not, we need a reference to decide the value of a certain item. He could've offered 5,000 BTC for those 2 pizzas but then who and why would someone have accepted? And let's not forget that he just wanted to prove that you could use bitcoin to buy something real, just like you'd do with cash, so I don't think that relevant at all at the end.

[hZti]

Stupid question, do you currently see those pizzas as 0,0014 BTC or as 41 USD? It does not matter since that is simply how the price was at this time. Even if he saw it at time as 10.000 BTC then he would not value it higher than 41 USD. Same as you would with 0,0014 BTC today.