What us the Bitcoin Pizza Day reveals about money

the As Laszlo Hanyecz on 22. In may 2010, two pizzas bought with Bitcoin paid, he had no idea he was taking in the story. The transaction is considered to be bitcoin's first application as a means of payment at all.

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22. May 2019BTC$7.865,00 -0.46% part Facebook Twitter LinkedIn xing mail

for 10,000 BTC: So much paid Hanyecz in may 2010 for two pizzas. Considering today's value – approximately 79 million dollars – that was a bad Deal. And yet, Hanyecz, the scene has done a great service. Because for the first Time, he used BTC for what it is, Satoshi had been developed, namely as a digital cash.

The original request of Laszlo Hanyecz, in the bitcoin talk Forum. It should take a whole four days until someone responded to his offer. Source: https://bitcointalk.org/index.php?topic=137.0.Geld is collective Faith

The history clearly shows that money is a social Illusion. Finally, Bitcoin was at that time already Bitcoin. If the same Updates as SegWit were not yet implemented, corresponded to the source code to large Parts of the present-day. The phenomenal increase in the value of the BTC since the day, represents only the number of people who believe now in Bitcoin. Because the more individuals in BTC believe, the higher its value is.

no one who does not believe in it, to accept Bitcoin, will accept the digital Gold as a means of payment. At that time, the crypto-currency no 1 had a very different role. Therefore, it would be a mistake, Hanyecz blame a lack of business sense – even if the increase in value since that time has been the same special. Finally, the BTC price growth since the Bitcoin Pizza Day by about 500 million percent.

It was not so, that Bitcoin had a value, so the idea for a Pizza trade was incredibly cool. No one knew that it would be so large,

the New York Times, 2013 quoted him as saying in a report.

And so is the increase in the value of the legendary 10.000 BTC for almost a paradox. Because without Hanyeczs offer, it would have brought Bitcoin may never have to real Benefit. The Bitcoin scene, thanks to owe him for this.

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