I am pretty sure that there were several times that Lazlo spent a lot of bitcoin to get pizzas, so it wasn't just that one transaction that he did to use a lot of bitcoin to buy pizzas. He seemed to have had liked pizza.. and perhaps his kids liked pizza too?
In regards to this these where his transaction in one of his wallet in 2010 proving he did more transaction apart' from that 10k bitcoin for 2pizza
Btc address: 157fRrqAKrDyGHr1Bx3yDxeMv8Rh45aUet
If all these transactions were just for pizzas, then Lazlo and his kids his kids will eat a whole lots of pizzas in 2024, lol.
With these kinds of transactions I, there is no way Lazlo won't have lots of bitcoin piled up somewhere. Dude was spending bitcoin like it was really nothing. I keep saying it that before someone will have the mind to spend 10k bitcoin for pizzas he must have more than that. Now I see what he was trying to do clearly when he spent the 10k bitcoin. He made a huge sacrifices for bitcoin to come mainstream. For bitcoin to start getting more public attention. To me Lazlo is a legend. I see the bitcoin pizza day as a day to make sacrifice for the greater good, than a day of regret as many believe it to be.
I am not sure why some of you guys keep repeating the same bullshit over and over and over in regards to supposed great sacrifices of early bitcoiner who were spending coin. 10k bitcoin did not hardly have a price in mid 2010.. and so yes it was in the early days of price discovery, and it took a while for bitcoin prices to even get up to $1.. .. yet surely there were hardly any abilities to transact in bitcoin, and also if you think about it, the earliest of the bitcoin miners had mined around 2.5 million bitcoins every year, so half way through 2010, there would have been close to 4 million bitcoin already mined,.. yet hardly any price... .. so yeah, little by little bitcoin started to get a price, and so if Lazlo might have had more than 50k bitcoin himself at some point around that time... yet there would have still been hardly any price..
We know that in 2011 bitcoin did pass $1 and then it shot up to $32 and crashed back down to $2, so by then bitcoin started to have a price, and by the beginning of 2012 bitcoin had a price around $5, yet maybe by the beginning of 2013 it still was ONLY around $12 per BTC... So yeah, there might have started to spark in the eyes of some guys during late 2010 and into 2011 that bitcoin could have a greater price.. but the number of bitcoiners still was quite niche in those early days.
One thing is measuring the bitcoin price in terms of what it was at the time, and sure it was moving around a lot so some guys might have started to get the sense to start to hold onto some of their BTC, yet also some guys would panic maybe if they might have gotten 10k BTC for $1 each and then perhaps that $10k that they spent might have turned into $200k or some other much higher price in a short period of time, so there could be challenges to figure out how to deal with volatility matters for guys who were fortune enough to hear about bitcoin and to get involved, yet they still might be confused and/or puzzled in thinking about how to deal with such great and uncertain volatility... and we still have similar kinds of matters today with great and uncertain volatility matters even though the numbers are different and the kinds of businesses built around bitcoin are different too... but there still can be uncertainties in regards to how to deal with volatility, considerations about how many BTC that you might have and how many BTC that you want to have, whether you are in a position of newly being involved in bitcoin or if you might have already spent some time accumulating a bitcoin stash.
Who is "we"? You talk like you are part of a team. Are you just talking about yourself or you are relying on the opinion of someone else?
Right from the beginning of this year I knew bitcoin hitting the $100k won't be that easy, but doesn't mean it won't happen but we can't tell when but I believe that , next year bitcoin may have been in the range of $100k , but one thing I know for sure is that delay ain't denial, and have this feeling that bitcoin target ain't $100k but above it.
Oh gawd. Roll Eyes Roll Eyes You are just making shit up in regards to your thoughts about Lazlo and his supposedly regretting using a large number of bitcoin to buy pizzas..
In May 2010, for one of the first known bitcoin transactions to buy stuff in the real world, Lazlo used 10k BTC to buy two pizzas in part because he wanted pizzas and bitcoin did not even have any price at that time. .. so there was a bit of a challenge to find someone willing to do the transaction so that Lazlo could receive the two pizzas for his 10k bitcoin.
In May 2010 Lazlo might have also felt a wee bit guilty because he invented GPU mining and he had been mining a shit-ton of bitcoin that he was generating (earning from winning block rewards) and winning a lot of rewards as compared with other miners because his GPU processing power was way better than almost everyone else who were mostly using CPUs to mine bitcoin.. I am pretty sure that there were several times that Lazlo spent a lot of bitcoin to get pizzas, so it wasn't just that one transaction that he did to use a lot of bitcoin to buy pizzas. He seemed to have had liked pizza.. and perhaps his kids liked pizza too?
That's the most expensive pizza / food in history, there's no way one. Can't regret taken such action after seeing bitcoin present price .
There is a way that guys won't regret. I already explained several times. Bitcoin did not have a price at the time. Guys do this all the time, and they talk about the 50 bitcoin that they spent in 2013 to buy various items .. perhaps bitcoin was worth less than $100 each, so maybe they spent $5k... but yeah, the bitcoin was ONLY worth $5k at the time, so either they spent and replace or they spent and did not replace and they end up with fewer bitcoin. Too bad so sad.. Even by 2013 there should have had been some ideas about how many bitcoin to hang onto and to spend versus what other assets and/or cashflow that a guy might have.
Because that bitcoin would have be a life changing event if he had hold it, the funny thing is that alot of folks that sold their bitcoin stahes too early in this present day ,
Sure.. so what I have little sympathy. Each person has to figure out these matters, and sure there were a lot of guys who spent too many BTC too soon, and today the same thing is likely going to continue to happen when guys believe that they are so smart because they bought a few bitcoin in the past few years and maybe they even have an average BTC cost of less than $30k per BTC, so if they have 3 BTC and then they sell them at $60k or even at $100k they may well have ended up doubling or more than tripliing their money and considering themselves to be geniuses, and yeah good luck down the road if they are able to accumulate and/or hold onto as much wealth.
Lazlo likely had way more than 50k BTC at various points in 2010, and who knows how many BTC that he has now or how many that he should have had hung onto.. we don't know, and Lazlo could still have 100s or even 1,000s of BTC, and we don't know what level of BTC stash he choose to maintain over the years... yet I doubt that people should have regrets since they make their own choices, and sure we may well know a lot of forum members who say that they did not hang onto enough BTC.. but it is still a BIG so what, since each of us has to figure out those kinds of matters in regards to which money to spend first and in regards to bitcoin whether we might choose to spend and replace or not.
would also feel same way some day . Because as time goes bitcoin won't stay stagnant rather becoming more valuable , which may affect it's price to keep surging , as time goes bitcoin will Gain more adoption so position yah self by holding enough stahes of bitcoin.
Each of us has to figure out those kinds of matters in regards to how many BTC to accumulate and also in regards to how many BTC to hang onto... which money to spend first. If any of us sell too many too soon or we fail/refuse to accumulate a suffient BTC stash, we have no one to blame but ourselves.
