12 Years Ago Today, Laszlo Hanzecz Bought 2 Pizzas with 10k Bitcoins

biztoc.com

25 points·webscout··8 comments

Kinda reminds me of a blockbuster NFL Draft trade, where the Saints traded away all their draft picks for Ricky Williams to Washington, and some analyst later said, "I don't know who handled it worse, the Saints, who recklessly traded away everything for this one player, or Washington, who got all those draft picks and did nothing with them."

What's worse, the guy that bought a pizza with 10k Bitcoin or the pizza shop that squandered the 10k bitcoin?

> What's worse, the guy that bought a pizza with 10k Bitcoin or the pizza shop that squandered the 10k bitcoin?

Neither? Bitcoin would never have been worth anything if nobody used it.

I don't think the pizza shop received the Bitcoin? Someone else took them and ordered them a pizza using USD.

If anything, the fact that you still can't buy a Domino's in Bitcoin without an assist from a crypto VISA card company shows Bitcoin has failed as a currency

Dominos wouldn't do something that controversial unless there was market proof of people using it successfully as a positive marketing gimmick.

The way the crypto market is plummeting lately, that might look like a bargain soon

Coincidentally, I think you can use the same 10k in Luna to buy a Pizza again today.

Bitcoin is still 5x what it was 3 years ago when if it's 50% down from its peak. I'd suggest that's slightly indicative of a bubble.

Bitcoins are only worth what two people agree that they're worth. In other words, bitcoins have NO INTRINSIC WORTH AT ALL.

Just like other currency with no intrinsic worth, like Nazi Reichsmarks or Confederate Dollars.

Reply on news.ycombinator.com