June 27, 2022

Home Bitcoin News Bitcoin Pizza Day rewind: A homage to bizarre BTC purchases – Cointelegraph

Bitcoin Pizza Day rewind: A homage to bizarre BTC purchases – Cointelegraph

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In recognition of Bitcoin pizza day, the first-ever real-world transaction utilizing Bitcoin, Cointelegraph speaks with the crypto group about their historic BTC purchases.

Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases


Completely happy Bitcoin Pizza Day! Earlier than you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, right here’s a slice of trivia:

What do a household vacation to Japan, a 50 Cent album, a steak dinner, and a framed cat picture all have in frequent? 

They had been all paid for with Bitcoin (BTC) by members of the Cointelegraph Bitcoin community! And identical to the Bitcoin pizzas that value 10,000 BTC, which at the moment are price greater than $300 million, the group’s Bitcoin purchases have additionally skyrocketed. 

Benjamin de Waal, the VP of Engineering at Bitcoin alternate Swan Bitcoin advised Cointelegraph, “I spent 7 BTC on a household journey to Japan a number of years again.” In as we speak’s worth, 7 BTC is price properly over $200,000 —  however Ben’s joyful as a result of his youngsters are joyful:

“It will have been price much more now; however I do not remorse it in any respect. A superb childhood filled with journey, enjoyable, and studying is priceless.”

Felix Crisan, the scammer vigilante, advised Cointelegraph how he as soon as spent 50 BTC (price $1.5 million) creating a brand new software program module for his firm in 2015. Crisan added that in 2016:

“​​Let’s not overlook some virtually 1BTC ‘spent’ betting who the subsequent US president’s going to be.” […] In fact, I did not win.”

That’s a $30,000 wager at BTC’s present market worth.

Jeffrey Albus, Editor at Cointelegraph, shared that he splashed out on a steak dinner to display Bitcoin’s peer-to-peer capabilities “someday in 2011 or early 2012.” 

“We paid 15 BTC — 12 for the meal, plus 3 BTC left as a tip (which the waitress in all probability threw away.)”

Worse nonetheless, the worth of 15 BTC again over ten years in the past was so small that it fell wanting the overall invoice: Albus needed to high it up with good outdated dollars. The worth of the Bitcoiner-appropriate steak dinner is now price shy of half one million {dollars}.

In a phrase to the sensible, Julien Liniger, CEO of Swiss Bitcoin alternate Relai–and a Bitcoin maximalist through and through, advised Cointelegraph that he “purchased a bitcoin hoodie for 0.1 BTC again within the days, however that was the very last thing” — a roughly $3,000 hoodie. He defined that “it then turned too silly of a factor to me to spend as a substitute of stack sats.”

In the meantime, the workforce at CoinCorner, the UK Bitcoin alternate behind the contactless Lightning Network payment card, shared a number of tales. Danny Scott, the CEO, purchased the 50 Cent album “Animal Ambition” with Bitcoin when the market worth was round $600. 50 Cent famously “forgot” he accepted 700 BTC for the album — let’s hope Scott forgets the missed beneficial properties, too!

Molly Spiers, CoinCorner’s Head of Advertising, advised Cointelegraph, “I purchased a photograph postcard of my cats […] for 0.009 BTC.” The $270 postcard was sadly not sufficient for Spiers to maintain a maintain of it; ‘I’ve misplaced them someplace over time – I would have framed them with satisfaction!”

Thankfully, there are “no regrets,” because it does “make for a great story.” Plus, she shared an image of the cats:

Molly Spier’s cats. The picture postcard is unfortunately misplaced. Supply : Molly Spiers

Whereas “experimenting with Bitcoin as a forex,” Matthew Ward, CoinCorner’s software program developer, advised Cointelegraph that he “purchased the sport Cities Skylines again when it launched on Steam in March 2015 for 0.108 BTC.” You will be the choose of whether or not the graphics benefit a $3,000 price ticket:

Cities Skylines gameplay. Supply: themacgames.web

Lastly, Didi Taihuttu, referred to as the father of the Bitcoin Family and typically the Bitcoin tattoo guy, spent 2.75 BTC on a Bitcoin miner in 2014. Taihuttu advised Cointelegraph that “the strangest half is that when BTC hit round $200, I gave up mining BTC and began to mine dogecoin (DOGE).” Had he held the BTC, he would have over $180,000.

Associated: ​​Try topping this: PizzaDAO celebrating Bitcoin Pizza Day with 100 parties worldwide

Taihuttu additionally shared that in his adventures as The Bitcoin Family, he’s parted with over 9 BTC ($270,000), which he describes as “dropping 9 BTC however gaining an incredible journey.”

And for these questioning what occurred to the 10,000BTC Hanyecz spent on the pizzas, in keeping with Cointelegraph analysis, 5% of the overall landed in a really rich pockets, whereas “some of the funds were seemingly liquidated” on a failed crypto alternate.

The rich wallet that chowed down on a few of Hanyecz’s BTC is within the high 15 richest wallets in Bitcoin, accumulating over 53,000 BTC. The entire spent or despatched from the pockets is 0 BTC: a licensed Bitcoin hodler.

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