How Two Pizzas Changed The Course Of Bitcoin History (Bitcoin Pizza Day).
Today, we are celebrating the first real-world transaction with the first decentralized digital asset (Bitcoin) as money. 10k Bitcoin was used to purchase two pizzas
The internet (Twitter) is on fire today, because of a lot of mixed feelings due to the purchase of two pizzas with 10k Bitcoin by [Click to watch the interview with Laszlo Hanyecz, On this day in 2010 at Papa John’s pizzas place. some people said he was foolish, unlucky and all that stuff for making that transaction and others disagreed with that. Their opinion was that Laszlo Hanyecz should be celebrated that he is a Hero for making that transaction because that was the first proof that Bitcoin and Crypto can actually be used as money, which was the intention of atoshi Nakamoto in the first place, for Bitcoin to be used to purchase goods and services. Hence, "Bitcoin Pizza Day", which people in the crypto community will surely remember him for, although I have my own opinions which I will be sharing in this post.
How Two Pizzas Changed The Course Of Bitcoin History (Bitcoin Pizza Day).
Bitcoin was created in 2008 by Satoshi Nakamoto the founder of Bitcoin, on the 3rd of January, 2009 Bitcoin was born or launched, and for 504 days after the launch Bitcoin was operating without any economic value until this day May 22, 2010. "Pizza Day" when two pizzas were traded for 10k Bitcoin, History was made by the father of two beautiful kids who just wanted to buy pizza for his kids not knowing what the price of one Bitcoin would be worth 12 years later.
First of all, Laszlo Hanyecz does not see the future so there was no way he would have known what Bitcoin would be worth years after he sold it, as at then Bitcoin was not worth much and it was still relatively new, crypto trading has not even been born in my opinion, and two pizza was what it was worth, so I don't blame him for doing that transaction. As of then, that was the best option valuable for him, now let's think about it even if he didn't use it to buy pizza, what is the guarantee that he would have held the 10k Bitcoin until 2021 or 2022, he could have still sold it at one dollar or less nobody knows, even till date some traders even with all the tools (Fundamental and Technical analysis) available to them they can not still HODL.
When You Are Feeling Unlucky, Remember That Exactly 12 Years Ago Today, Someone Out There Spent 10k Bitcoin On Two Pizzas
Although the 10k Bitcoin would be worth about $300 million, Yes. But like I have said already in this post, what is the possibility that he would have held them till today?. And I would not consider him to be unlucky at all, he sold it for the value it was at that time. Thank God for NFTs now and the fame this day "Bitcoin Pizza Day" has given to him, he can decide to mint the original picture from that day that he took of the pizzas, his kids, and the pizza store as NFTs and sell them for millions, and if those pictures minted as NFTs starts selling he would be rich, at that time would you still consider him to be unlucky? even though the 10k Bitcoin would have changed his life he held them.
Click to watch the interview with Laszlo Hanyecz
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Laszlo will forever go down in the hall of fame
Is that status worth $300m in BTC?
Yes
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Laszlo is a legend now, and that to me is worth more than $300m in Bitcoin, because he can make more than that with the fame he has now.
Fame is currency too.
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Our sheer inability to predict the future really cause us a lot. If we make honest appraisals, we may have made the same financial decisions as this man or even worse.
It's nice he took an intelligent approach to this, by going the NFT route!
It's sad but that life bro
Yeah, so true because we are all humans
I don't know if he did, I only suggested he can try it out
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Alright. Sorry I didn't take good note. A nice suggestion though
Thank you, bro. I hope he thinks that way though, I meant mint his pictures of the event as NFTs, I bet he will make some money from it.
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Yea. NFTs with a story sells more.
Though, we can recreate it an sell as NFT as well. It's an open and decentralised system you know.
Yeah that very true, I don't know how to mint yet, hoping to learn soon.
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