8 years ago, someone paid 10,000 Bitcoin to get pizza delivered
The most-famous anecdote in Bitcoin history was a landmark purchase of physical goods with a virtual currency that's turned into a what-if warning.
Exactly 8 years ago today, on May 22, 2010, programmer Laszlo Hanyecz paid 10,000 Bitcoins for two Papa John's pizzas.
"It wasn't like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool," Hanyecz told the New York Times in 2013.
Today, those coins are worth a bit more than $83 million.
Is there a lesson? I really don't think there is. Hanyecz could obviously buy a lot of pizza for $83 million today but hording every currently-worthless thing in the hopes that it will rises 10,000x in value is not the way to prosperity. If anything, embracing technology and experimenting is.
