The guy that paid 10,000 BTC to buy pizza

leo25

leo25

Well-Known Member
Silver Stacker
I know most have heard this story, but i found the forum post where he organised the transaction.
Lets go back in time are read what he wrote :) A great read!

https://bitcointalk.org/index.php?topic=137

Here are photos of the pizza, they look good.
http://eclipse.heliacal.net/~solar/bitcoin/pizza/

As it stands today those 2 pizza's cost him $216,000,000 AUD :p YUM

I wonder if ill look back in 10 years and laugh about me buying video games on steam with BTC.
 
Last edited:
leo25 said:
I wonder if ill look back in 10 years and laugh about me buying video games on steam with BTC.
Click to expand...

If bitcoin stays the crypto reserve currency you, like most of us, will regret any purchases we made in Bitcoin in 2 years let alone 10 :) .
 
This is the guy that got paid for the pizza.
Q. What do you primarily use bitcoins for? Do you still control millions of dollars worth?

A. Bitcoin as a currency is meant to be spent. Those 10,000 BTC made it back into the economy fairly quickly, around the time they were worth some $400. A ~10x ROI from simply trading in a different currency is quite good, even if that factor could have been higher had I held on to said currency longer. Naturally there will always be people hoarding coins, trying to get rich, and quite a few people did get quite rich, but they wouldn't have got that way without economic growth allowing it. To that extent my bitcoin holdings do usually measure in hundreds or thousands of USD, simply because I use them much as I would a checking account, to conduct business both online and offline when I have the opportunity. Notably the "humble bundles" and the attached store accepting bitcoins significantly bolstered my video game library.
Click to expand...
http://bitcoinwhoswho.com/jercosinterview

Without people using Bitcoin in transactions, Bitcoin would have never made strong traction. So for those hoarders that just want to get rich, you should thank people like myself and Laszlo. Our sacrifice is everyone's gain.
 
Last edited:
funny how OP 'lazslo' has gone silence since that pizza purchase.... wonder where he is now? Vegas desert?
 
bubblebobble2 said:
funny how OP 'lazslo' has gone silence since that pizza purchase.... wonder where he is now? Vegas desert?
Click to expand...
Would suck if the guy lost his job and is now on the streets. Hope he is still doing well and looking on the bright side of life. Maybe he should write a book and make some money on that, i would buy that book :)
 
But i hope everyone starts to spend even a little bit of Bitcoin on some real transaction, the more everyone starts using it the stronger it will become.

Though i saw Steam is no longer accepting Bitcoin due to the fees costing more then a lot of games. This is where something like Bitcoin Cash, Litecoin or Dash needs to fill the gap and offer low fee transactions.
 
Last edited:
leo25 said:
This is the guy that got paid for the pizza.

http://bitcoinwhoswho.com/jercosinterview

Without people using Bitcoin in transactions, Bitcoin would have never made strong traction. So for those hoarders that just want to get rich, you should thank people like myself and Laszlo. Our sacrifice is everyone's gain.

Feel free to donate to help me regain the 1000's of dollars i have lost by spending BTC early on. :oops:
1CriqkVZj86Max7FwZuuMChNYGG3iFaGSJ

Since Bitcoin's fees are so high! feel free to send me Bitcoin Cash where fees are in the cents.
1ByXRwU24DgB9j3EG1DyGqv9zLwSiokah9
Click to expand...

You dirty little Bitcoin whore you, I hope you go and buy a relative a half decent Chrissy present with my donation.
Make sure you spend it on the youngest kid's first Leo.
I will be disappointed if you don't M8.

You've given me a lot of reason to think over the last six months, challenged my frame of mind and actually made me think,
not many people actually do that for me ever. I thank you for that.

All the best to you and yours in the new year, and please hang around here on SS, we need great minds like your's to keep us all honest.

Cheers
Jeff
 
The 2 pizza's cost him $216,000,000 AUD ... he could have bought them in Zimbabwe for less ... maybe he should have bought those pizzas today ....
 
Last edited:
southerncross said:
You dirty little Bitcoin whore you, I hope you go and buy a relative a half decent Chrissy present with my donation.
Make sure you spend it on the youngest kid's first Leo.
I will be disappointed if you don't M8.

You've given me a lot of reason to think over the last six months, challenged my frame of mind and actually made me think,
not many people actually do that for me ever. I thank you for that.

All the best to you and yours in the new year, and please hang around here on SS, we need great minds like your's to keep us all honest.

Cheers
Jeff
Click to expand...

haha wow i didn't think anyone was really going to send much or anything at all! Thank you. If my missus says i act like a kid then can i spend it on my self? :p Don't have any kids atm, but hope that changes next year. :)

I think we have a good group of people on this forum (you included Jeff), people with different points of view that push each of us to give us all a better understanding of things.
As much as i dislike a lot of the excessive speculation in cryptos lately and have issues with many exchanges, i love cyptos at it's core.

I won't be going anywhere so we can keep changeling each others views :D I love this forum too much!
 
Last edited:
And thanks to the other 2 people that donated. I'm guessing one was SilverJerry, but not sure who the 3rd person is.
 
Yeah, I would have been holding several million dollars worth now if I hadn't have sold early - had a triple digit BTC balance once upon a time. Now I'm trying to rebuild a broken mobile phone to see if I can recover BTC stuck in a Blockchain wallet I've lost the 12 word recovery phrase to - I think I can still access that wallet via PIN and Google Auth on that phone. Restoring the phone to a new one at the time didn't bring over the PIN, and what was worth about $5 at the time (so I didn't bother) is a lot more!

What I lost in Mt Gox would now be worth more than the value of my holdings at their peak.
 
Ha - restored the phone (had to strip it and install a new USB charging port), charged it, Blockchain app was out of date and the reinstall took me back to square one. Will consider those lost.

Did get a whole bunch of photos of the kids back though which was sentimentally worth more!
 
It's all relative... At the time they were worthless, so he got a good deal.

However the power of hindsight comes in and all of a sudden, people judge him as foolish...

Only people who stashed Bitcoin away back then can really judge the guy.
 
A lot of people did this. I remember watching on one of those 30 minute current affairs show.

It was a thing to do for fun for nerds, as it wasn’t wort anyth8ng lol. Besides there was absolutely nothing else to buy other than change it cash but fees killed that notion unless you had 100,000

In the early days, stores that accepted was usually run by younger people and it was a gimmick.

Did you read about that guy who had 200,000 or 2,000,000 BTC on a USB that he threw away in Ireland.

I believe people still go there hunt8ng for that.


Also for laugh https://www.dailytelegraph.com.au/n...r/news-story/a363c7b27e7afc34d6408c914389dfe5

He stopped though I believe.
 
Last edited:
I've paid for pizza and beer with bitcoin - but it was only 0.1117 BTC at the time :) No regretsies. Early adopter.
 
You must log in or register to reply here.
Back
Top