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Btc pizza story

btc pizza story

May 22 marks the 12th anniversary of Bitcoin Pizza Day, a day when the cryptocurrency was used in a real-world transaction for the first time. “Pizza For Bitcoins?” That is the title of a post from a user named “laszlo” dated May 18, , on the obscure forum in a dimly-lit corner of. On May 18, – after 14 months from Bitcoin genesis block – a computer programmer, Laszlo Hanyecz, posted at bookmakerfootball.website that he was. ETHEREUM ATM AUSTRALIA

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Hanyecz's solid-gold pizzas show us that if CoinDesk paid me in bitcoin, one of us would likely get rekt. Or would we? Hanyecz works for apparel brand GORUCK as a developer and, partly because he is internet-famous, the e-commerce company is one of a handful that accepts bitcoin.

It's a small volume, about two or three orders per week over the past two years, Hanyecz told me. But it's working out. The dollar cost averaging people talk about, it works really well. Grabbing some of that bitcoin pizza "It's common knowledge that anybody who held for four years is in the money," Hanyecz said. First, bitcoin's halving showed in real time bitcoin's inviolable issuance schedule all while central banks test just how much money they can print on demand.

Then, on Wednesday, as I was writing down questions for Hanyecz and trying to home-school my kids, someone moved bitcoin that had been sitting in the same place since February Hodling is part of what drives the value of bitcoin up, as low velocity can do for any currency. But low velocity can't be the whole story, as Hanyecz realized early on, looking at bitcoin as an experiment.

With hedge fund household names placing long-term bets on its viability as "digital gold," that narrative seems set in stone. In fact, it's malleable, like the metal. The story, reported by Anderson Cooper, includes the first television interview with the legendary "Bitcoin pizza guy," Laszlo Hanyecz. On May 22, , Hanyecz traded 10, Bitcoin for some pizza in what is widely believed to be the first real-world transaction involving Bitcoin. Each year, on May 22, Bitcoin enthusiasts all over the world celebrate "Bitcoin Pizza Day" to mark the event.

Bitcoin then was worth less than a penny. Hanyecz, a computer programmer who lives in Florida, told Cooper he made a number of other trades after the pizza. In all, he estimated that he spent , Bitcoin on a number of items, much of it on pizza.

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