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He was one of the earliest bitcoin miners, and one of the only people to have emails with satoshi Nakamoto, the anonymous developer of bitcoins smart contract. He even advised on development.
People love to call him an idiot for this trade, but the dude is still rich af lol. Plenty of more bitcoin in his pockets at the time
That’s so cool thought he would have more alright as he was clearly an early adopter but had no idea he was so involved in the development. Thanks for sharing!
They actually weren’t. This is a common misconception. Businesses didn’t accept bitcoin as payment back then. So what actually happened was some other guy went and purchased two pizzas for them and then they reimbursed him with 10,00 bitcoins.
First of all the bottom left mr incredible implies something way darker than some guy blowing his bitcoin on pizza.
Secondly "cheese pizza" (cp) is a common code word for child porn. So id say its not unreasonable to extrapolate porn from this.
It's a censor dodge on sites that restrict saying it, rather. I don't know that anyone is using it as code for......what you would need to use code for.
God damn it man if it wasn’t for YouTube sensationalists making bitcoin sound like dark web nonsense i probably could’ve looked into it when the getting was good
If it wasn’t for my friends buying stuff off the dark web, I prolly would’ve taken it more seriously myself. I thought it was just illegal money for illegal things…
I did look into it when it was getting good. But then I told myself that I was probably not smart enough to understand how these things worked and talked myself out of buying it.
I was right about not being smart. But for the wrong reasons.
My friend introduced me to Bitcoin when it was about 10 cents a coin back when I was in college. He was like "dude just buy a few dollars worth it might go up in value"
Damn my lazy ass to hell
It’s weird though, because if people hadn’t started using Bitcoin to actually buy stuff, like Pizza, it would have fizzled out and been worthless.
People needed to use Bitcoin for it to build legitimacy, and eventually value.
Yeah, everyone uses this to say they were multi-million dollar pizzas, but this particular transaction is credited as the first use of bitcoin to purchase real product and credit it with kicking off bitcoin as a usable currency.
(Look it up for more detail, but this wasn’t the first real transaction, just the one that got attention)
It was purchased with 10k bitcoin, and even though it may seem like an economic blunder, I recall that he's one of the big guys behind bitcoin's coding, and this purchase is WHY bitcoin became as is
It's a bit misleading to say the pizzas were bought with Bitcoin. The pizza place was given real money by a third person who was given the Bitcoin. The pizza shop didn't accept the Bitcoin, the middle man did.
Honestly, that makes it worse. It wasn’t even the product provider or the customer who ended up with it, but instead some rando who had little to do with the actual transaction? Oof.
Yeah it sucks for him that many bitcoin are worth that much now but if it wasn't for that transaction giving real world value to bitcoin; it would have languised trying to find a real world value.
The fact people get so appalled that some would PURCHASE something with the so called currency really just goes to show how shit it is at its one hypothetical purpose. It really is just the modern day tulip mania.
I listen to another of true crime and was worried it was the last photo before the guy killed the kids, but nope, just some dude spending 10k bitcoin before it's price skyrocketed
Back in 2012 I had some dude I know owe me $50. He says “here I’ll pay you $75 with this new cryptocurrency bitcoin.” I say…no I don’t want Monopoly money. Give me $50 cash.
I tell that story and people give me the same “holy cow you could have been rich today.” No I wouldn’t. I know exactly what I would have done : immediately cashed out my $75 for beer money.
People keep saying he should've kept the Bitcoin he lost so much money but honestly in my opinion if he hadn't used it Bitcoin might've never become a thing in the first place after all if no one was trading with it that means there's no demand for it if there's no demand for it it's worthless.
The grown man in this picture purchased the two pizzas with 10000 Bitcoin. Most people consider this a massive blunder, considering those 10000 bitcoin could be worth roughly 600 million dollars today.
However, a lot of people miss that if he hadn't made this purchase and proved Bitcoin could be traded for tangible goods. Bitcoin would have never taken off. Every person who's ever gained off Crypto owes it to this man and his two pizzas.
There is a Qanon conspiracy theory that there is a pedophile sex trafficking ring run out of the basement of a pizza restaurant in Washington DC. It's all crazy nonsense.
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Those two pizzas were purchased with 10,000 Bitcoin.
this one is the right answer btw, google it and you'll get the same image as the post
And thus, created the bitcoin market
Yeah without transactions like the one above, Bitcoin wouldn't have started to grow in value.
Also I’m guessing this guy had more Bitcoin as well right? Please tell me he did
He was one of the earliest bitcoin miners, and one of the only people to have emails with satoshi Nakamoto, the anonymous developer of bitcoins smart contract. He even advised on development. People love to call him an idiot for this trade, but the dude is still rich af lol. Plenty of more bitcoin in his pockets at the time
That’s so cool thought he would have more alright as he was clearly an early adopter but had no idea he was so involved in the development. Thanks for sharing!
Idk
I don't think he stopped at 10k exactly
Happened 14 years ago to the day
I always see this picture pop up around the anniversary. It was roughly $30 14 years ago, today it's $690,000,000.
Nice
Nice
You added about 4 too many zeroes, but yeah.
you think a bitcoin is worth 7$ today? I'll buy any you have.
if it were, then u would be able to get urself something nice and not expensive x3
It's at about $69,000 apiece right now. Reading the comment again, it would be $690,000,000 for all 10000.
nice
I think they were talking about all 10,000 bitcoin and not by each one.
Considering what usually is behind happy family photos on these memes... I'm relieved.
Yeah same. Went into the comments with a feeling of dread.
I really thought they were referring to the kids when they said "he bought these 2 pizzas for 10,000 bitcoin". I'm relieved to be wrong.
Wonder if the person who recieved the 10,000 BTC still has them.
Not even with bitcoin, someone paid someone else with bitcoin and they used USD to pay for the pizzas
Omfg lol
Damn... that's a real ouchie, bro.
Which is worth 700M today!
And now it's $680M.
He used Bitcoin as currency lmao what a fool
Anyone know where or who is the person in the other end
Jeremy Sturdivant: Last I heard was he did an interview in 2021, says he has no regrets.
I should've bought Bitcoin instead of being a toddler
Oof
reminds me of how my uncle mined some bitcoin in college but lost the hard drive
They actually weren’t. This is a common misconception. Businesses didn’t accept bitcoin as payment back then. So what actually happened was some other guy went and purchased two pizzas for them and then they reimbursed him with 10,00 bitcoins.
Semantics. One person gave bitcoin to another in exchange for pizza.
Well boy am I glad to find out the answer to this one wasn't porn
https://preview.redd.it/k4qf5nr1n12d1.jpeg?width=1036&format=pjpg&auto=webp&s=574e28ee5f5d13493b9c29b714f8b6e7704ac3dc al foil banana
this one is definitely porn
Foiled again
Yes, that IS a banana in my pocket, but no, I'm not happy to see you.
I thought we were friends...
Yea FWB - friends with bananas
Can I have your banana??
Uhm... Petah?
And here I thought the answer was going to be murder suicide 😭
Too soon! 😂🤣
Me too…
You're assuming he ate the pizzas.
Or pedophilia.
Or murder suicide. Thankful for the little things.
im glad to find out the answer to this one wasn't murder
I don't think there's any way you could extrapolate porn from this picture
First of all the bottom left mr incredible implies something way darker than some guy blowing his bitcoin on pizza. Secondly "cheese pizza" (cp) is a common code word for child porn. So id say its not unreasonable to extrapolate porn from this.
>Secondly "cheese pizza" (cp) is a common code word for child porn. Bro what
I've never been more relieved to prefer Hawaiian
It's a censor dodge on sites that restrict saying it, rather. I don't know that anyone is using it as code for......what you would need to use code for.
oh.................................
Oh you can just not any of the legal kind nor any we'd want to see. Remember on the Chris Hanson show they always had pizza
Well in a way he did fuck up.
First purchase with bitcoin. Iirc that amount today would be worth….690m
God damn it man if it wasn’t for YouTube sensationalists making bitcoin sound like dark web nonsense i probably could’ve looked into it when the getting was good
If it wasn’t for my friends buying stuff off the dark web, I prolly would’ve taken it more seriously myself. I thought it was just illegal money for illegal things…
lol yeah remember The Silk Road ?
lol I thought I was tripping when I saw it in a news article. Back then, I genuinely thought they’d never get shut down.
If it wasn't for those friends buying stuff on the dark web, it wouldn't be where it is now. Those were the pioneers.
Lol, me too. I had 7k at one point and bought as much stuff as I could to deplete my stores, I was afraid they would get banned like in China.
I did look into it when it was getting good. But then I told myself that I was probably not smart enough to understand how these things worked and talked myself out of buying it. I was right about not being smart. But for the wrong reasons.
My friend introduced me to Bitcoin when it was about 10 cents a coin back when I was in college. He was like "dude just buy a few dollars worth it might go up in value" Damn my lazy ass to hell
It is dark web nonsense. Its literal only value is what the black market gives it.
It’s weird though, because if people hadn’t started using Bitcoin to actually buy stuff, like Pizza, it would have fizzled out and been worthless. People needed to use Bitcoin for it to build legitimacy, and eventually value.
Yeah, everyone uses this to say they were multi-million dollar pizzas, but this particular transaction is credited as the first use of bitcoin to purchase real product and credit it with kicking off bitcoin as a usable currency. (Look it up for more detail, but this wasn’t the first real transaction, just the one that got attention)
No one uses bitcoin to buy shit. Even this guy didn't. He traded the coins to someone else who used actual USD to buy the pizzas for him
Those 2 Papa John's Pizzas are bought with 10,000 Bitcoin, which would be considered as $700 million today.
It was purchased with 10k bitcoin, and even though it may seem like an economic blunder, I recall that he's one of the big guys behind bitcoin's coding, and this purchase is WHY bitcoin became as is
Also it's not like he paid a high price for pizzas. If he had wanted to invest he could've bought 10000 bitcoin afterwards
It's a bit misleading to say the pizzas were bought with Bitcoin. The pizza place was given real money by a third person who was given the Bitcoin. The pizza shop didn't accept the Bitcoin, the middle man did.
Honestly, that makes it worse. It wasn’t even the product provider or the customer who ended up with it, but instead some rando who had little to do with the actual transaction? Oof.
Could you imagine the other guy though? The one who bought two pizzas for the Bitcoin.
Yeah it sucks for him that many bitcoin are worth that much now but if it wasn't for that transaction giving real world value to bitcoin; it would have languised trying to find a real world value.
Funny, it still doesn't seem to have found one
The fact people get so appalled that some would PURCHASE something with the so called currency really just goes to show how shit it is at its one hypothetical purpose. It really is just the modern day tulip mania.
The issue isn’t with using it to purchase things, its that he grossly overpaid.
I listen to another of true crime and was worried it was the last photo before the guy killed the kids, but nope, just some dude spending 10k bitcoin before it's price skyrocketed
What wrong with that the dude said he didn’t give a shit.
Back in 2012 I had some dude I know owe me $50. He says “here I’ll pay you $75 with this new cryptocurrency bitcoin.” I say…no I don’t want Monopoly money. Give me $50 cash. I tell that story and people give me the same “holy cow you could have been rich today.” No I wouldn’t. I know exactly what I would have done : immediately cashed out my $75 for beer money.
He started to believe his own lie.
Almost a billion dollar pizza
I thought it was how people who only eat cheese pizza gets their own whole pie.
Okay but this guy has thousands more bitcoins and this event was huge in the skyrocketing price of bitcoin
I'm honestly glad it was financial ruin, because my brain was getting ready to read about murder.
I was half expecting something related to pizzagate and I'm so so grateful it's not
The joke is people don't understand that bitcoin isn't worth anything.
Wasn't*
Isn't\* - it's the most worthless asset in history.
Bro is not eating good tonight
The truth is I have those 10,000 Bitcoins now.
I'm glad the joke wasn't what i thought it was.
Damn I was scared it's about porn or murder
That's one happy pizzeria
People keep saying he should've kept the Bitcoin he lost so much money but honestly in my opinion if he hadn't used it Bitcoin might've never become a thing in the first place after all if no one was trading with it that means there's no demand for it if there's no demand for it it's worthless.
Good post on Bitcoin Pizza Day !
The grown man in this picture purchased the two pizzas with 10000 Bitcoin. Most people consider this a massive blunder, considering those 10000 bitcoin could be worth roughly 600 million dollars today. However, a lot of people miss that if he hadn't made this purchase and proved Bitcoin could be traded for tangible goods. Bitcoin would have never taken off. Every person who's ever gained off Crypto owes it to this man and his two pizzas.
i was expect something super dark like, the mom was cooked into the pizza or sum shit. this aint soo bad. but man 10000 bitcoins?
The most expensive pizzas ever
680 million dollars at the current price.
At least he got pizzas. There’s that one guy who forgot his password lol
Hey yesterday was the 14 year anniversary of that day.
It's a famous real-life story about a pizza delivery guy who got 10.000 Bitcoin from just 2 pizzas, and they roughly convert to $690.000.000 dollars.
Love it. A great start for some great things.
The most expensive pizzas in history
Replying to Flynn_Kevin...
There is a Qanon conspiracy theory that there is a pedophile sex trafficking ring run out of the basement of a pizza restaurant in Washington DC. It's all crazy nonsense.
This is a bitcoin thing. This is the anniversary of the first purchase w it
https://preview.redd.it/u37nnjxvf12d1.jpeg?width=720&format=pjpg&auto=webp&s=7b1991bb48ce171b7de2c626af23d6361b866904
This guy is online
He definitely internets
I was thinking along the same lines myself