Pizza Day, A Day Of Regret And Fantasy Today

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Pizza Day is a day of regret.

We all know the story. Laszlo Hanyecz buys two Papa John’s pizzas and some lucky guy got 10,000 BTC on this day 12 years ago. The story is like that of Peter Minuit buying Manhattan Island for $24. We can hardly believe that such a thing was possible given its value today.

The story has a lot of interesting angles. It was the first real-world good or service purchased with bitcoin. It established bitcoin’s price, since the two pizzas cost about $41, one BTC was about $0.0041. There’s also Laszlo, a guy whose innovation was mining bitcoin using GPUs (graphics processing units). He acted like a drunken sailor spending 100,000 BTC on pizzas, as he did the same deal several more times that month. He’s the Santa Claus in our story, giving away lots of goodies.

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