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12 years ago Laszlo Hanyecz, the guy who also invented GPU mining and freely shared his invention with the Bitcoin community, bought 2 pizza pies and paid 10,000 bitcoin. This was the first commercial transaction on Bitcoin network ever recorded.

12 years ago Laszlo Hanyecz, the guy who also invented GPU mining and freely shared his invention with the Bitcoin community, bought 2 pizza pies and paid 10,000 bitcoin. This was the first commercial transaction on Bitcoin network ever recorded.

12 years ago Laszlo Hanyecz, the guy who also invented GPU mining and freely shared his invention with the Bitcoin community, bought 2 pizza pies and paid 10,000 bitcoin. This was the first commercial transaction on Bitcoin network ever recorded. from Bitcoin




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43 Comments

  1. Legend. This is the true spirit of Bitcoin, peer to peer commerce.
    Fuck all “investors” including me, the only time i felt the sweet free soul of the blockchain was buying drugs off dw

  2. amazingly over the course of 2010, Mr Hanyecz, who is now 39, estimates he spent 100,000 Bitcoin, or a current equivalent of $3.7bn, on pizzas alone. And as of Tuesday those 10,000 Bitcoins that he paid Mr Sturdivant would have been worth a stunning $378.7m.

  3. Let’s do some math. 50btc reward means 10k btc was 200 blocks mined by him. 144 blocks are mined daily. I don’t know what percentage he managed to mine in the early days, but since he used gpu while others used cpu, I would guess it was high. If he got 10% (was that unlikely back then?), that would be about 15 days of mining. Anyone think he only mined for 15 days?

  4. You Keynesian jokers are focusing on the wrong thing. The fool that gave up 10,000 bitcoin for 2 pizzas is irrelevant. The real hero is the visionary that traded 2 pizzas for 10,000 bitcoins

  5. If you’re about to order some pizza today, perhaps check ln.pizza out and use some sats over [r/thelightningnetwork](https://www.reddit.com/r/thelightningnetwork).

    LN is awesome and really easy to use even for newcomers. If you never tried it, install [Muun](https://muun.com/) or/and [Phoenix](https://phoenix.acinq.co/) wallet and play with them a bit.

    Some exchanges including [CoinCorner](https://coincorner.com/) are already using LN, many promised to implement it ASAP.

  6. Im not trying to be a hypocrite but 12 years later and what does bitcoin have to show for? Expect for the fact that the price is up by a lot? It’s not used as a currency and instead an investment. It made people richer because it has been used for as an investment. Nobody uses it as a currency and that defies bitcoin and everything about it.

  7. Wow man, I have a similar story like this guy but I got some candies for 5 bitcoin back then, it was a fucked up decision but I did what I had to do that time, don’t know what should I say now.

What do you think?

Daily Discussion, May 22, 2022

be aware of this member!