The World of Cryptocurrency - BTC 1st Transaction
Bitcoin is extremely expensive and its price still surges up. We hardly afford to buy a single bitcoin not unless if you are that wealthy to buy one. We just bought a piece of it and invest in several lending platforms, stake or just hold it and wait for the price to surge up higher. Nowadays, bitcoin is a treasure and this is I think the first in history that a virtual thing is so expensive on a global scale. We are so lucky if we own even one bitcoin since there are so many ways to double or even triple its price in a short period of time. I am just wondering how they treat bitcoin way back in the time when bitcoin has just started. In the time that it is ignored and no value at all.
On 22nd of May 2010, in the time when bitcoin is just a year old - a certain Laszlo Hanyecz made the first transaction of bitcoin by asking his fellow enthusiast to order him two Papa John's Pizza in exchange of his 10,000 mined Bitcoin. That time, Bitcoin price is just $0.008 per coin and 5 days later of that pizza story, the bitcoin price surges 1000%. Today, Bitcoin is at $16.5k per piece and still rising. I am just wondering if Laszlo Hanyecz is in deep regret on what happened 8 years ago, he just simply dumped 10k bitcoin on two pizza's - In today's price, that 10,000 BTC is worth $165M+ of treasure, or maybe he is not totally regretful since he has a lot BTC in his wallet.
This pizza thing is considered as the first real-world transaction in bitcoin history and some do celebrate it as bitcoin pizza day.
Tethers are a cryptocurrency purported to be backed by US dollars, but in actuality are not backed by anything because they are not redeemable, no matter how much money Tether, Inc has in the bank.
I jave seen this pizza and bitcoin reference at many places but honestly we would not have bought btc at that time. Nobody could have predicted that it is gonna reach 18k. If they even had 1% hope of btc reaching at 18$ they would not have bought the pizza. And what about pizza shop owner. He had thise bitcoins? No I dont think so
Whoever got that 10k btc was so lucky if and only if he kept that btc til now otherwise, he too in deep regret 🤣
I dont think he had saved those bitcouns. Nah
The only sad thing about this story is that you cannot buy a pizza anymore without paying twuce for the transaction fee. In a year or two everyone will be talking about how much first pizza purchase with Bitcoin Cash.
Agree lol :)
I'm just wondering on what happened to the 10k BTC, is he bought it on other goods or he kept it til now? If he do the latter, then he is a bitcoin millionaire by now :)
No, he sold it immediately. And he say he dont regret. Thats what i read on some newspaper some tiem back.
Good read! I mean with BTC prices skyrocketing I think it makes more sense to try cloud mining because of higher returns. https://hashflare.io/r/7487B9DC 10% OFF voucher: HF17PROF5
Hahaha... Crazy amount of money for a pizza, I really hope that it was a delicious pizza. 🍕
hahah
Wondering if the pizza place/guy still has all those bitcoins... Crazy story
Actually, not the pizza place or company received the 10kbtc but the friend of laszlo whom he requested to bought him 2 pizzas in exchange of his 10k btc 😄
Bitcoin price is all time high at US$ 17731
Yup, til now it still rising 😄
Thanks for information & Post ;)
Thanks 😄
It seems more reasonable to buy other subcoins because BTC's price is high. The sudden rise in BTC can be experienced in other coins. such as LTC-ETC-XPR-monero
I agree with you mate but you need to buy btc for you to purchase those subcoins
That guy ate 10000 btc lol .. with or without sauce. ☺☺☺
🤣 he just simply threw his millions of $$$ 🤣
Haha that's a great story, I haven't hear about Laszlo before :D I'm very new to STeemit and the world of bitcoin, too, so I've just started making research and reading about it. Thank you for your great post, by the way :)
Welcome to the world of cryptocurrency buddy, amazing things happened here... 😄