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In 2010 a guy paid 10,000 BTC for 2 pizza's, probably roughly equivalent to $40.

10,000 BTC today = $10.5 million USD.

Which is precisely my point. What incentive is there for the buyer to spend their BTC if the future value will dwarf the present value of the good they are spending it on?

What incentive is there for the buyer to spend their money on anything if they could be buying Bitcoin?

> 10,000 BTC today = $10.5 million USD

Does that valuation mean anything? What about liquidity? If I had 10 k BTC today, could I trade that for $ 10.5 M on the spot?

http://buttcoin.org/easy

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