Guy buys two pizzas with bitcoin

The coins were worth just a fraction of a cent at the time, and no merchant accepted them as a means of payment. So he posted on the main gathering place for bitcoiners at the time, the Bitcointalk forum:. I like having left over pizza to nibble on later.

Meet the man who spent millions worth of bitcoin on pizza

Hanyecz sent the bitcoin to jercos, who then placed the pizza order. The transaction had to be finalized over internet relay chat, according to the Bitcoin Wiki. Since then, the price of bitcoin has taken off, and those two pizzas would be worth a lot more at the going rate for 10, bitcoins.

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How much more? The coins were sent over the Lightning Network , a system that bitcoiners hope will keep bitcoin transaction fees low. To prove that bitcoin could remain a viable payment system with the addition of the Lightning Network. By providing your email, you agree to the Quartz Privacy Policy. Merchant-related transactions accounted for 0. Transacting in Bitcoin is a risk for companies, too. Elon Musk has been more willing to gamble than most, dating back to his role as co-founder of the pioneering online payments company PayPal and more recently, to his fascination with the joke currency Dogecoin.

The moves boosted their stock prices when Bitcoin rose, but it can easily go the other way. For investors and corporate finance departments, it also makes earnings forecasting a lot more difficult.

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10,000 Bitcoin for two Papa John’s pizzas…

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Laszlo Hanyecz Bitcoin Pizza Money Million USD Price | HYPEBEAST

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