Bitcoin Pizza Day. The fabulous occasion that takes place as soon as annually on May 22. I will not bore you with all the small print. Laszlo Hanyecz paid 10,000 BTC for 2 Papa John’s pizzas in what’s broadly believed to be the primary transaction of bitcoin for a bodily good.
Let’s put some greenback worth on this transaction.
- The two pizzas collectively had been roughly valued at $41 on the time primarily based on the quantity of bitcoin paid.
- The bitcoin value hit an all-time excessive of $68,990. At 10,000 BTC, that is a $689,000,000 windfall at an all-time excessive.
- That’s an astonishing $43,000,000 (roughly) per pizza slice (assuming 16 slices)!
How a lot of you are prepared to inform your companion or household that you possibly can have made it, however you ate a $43-million-per-slice Papa John’s pizza as an alternative to make historical past. “Fuhgeddaboudit!”
Anyway, it is a joyous time locally to come collectively and have a good time the strides Bitcoin has made. The day appears like our Festivus.
- We start with the “airing of grievances”: How governments around the globe proceed to print cash endlessly, blame the opposite facet of the political aisle, debank individuals, all whereas persevering with to rob their residents of wealth preservation by way of inflation.
- Next, we transfer on to “feats of strength”: Where on a regular basis, the Bitcoin neighborhood comes underneath a barrage of FUD from “lamestreet” media, eco-terrorists, politicians, gold bugs, altcoiners, Central Bank, IMF, and so on. … however the neighborhood perseveres. For each group talked about above and their qualms about Bitcoin, there is equally devastating information launched about mentioned teams that solely makes the case for Bitcoin stronger whereas weakening their place.
- Finally, we’ve got “festivus miracles”: Why all of us come out to have a good time today. We have a good time as a neighborhood of like-minded individuals from all backgrounds and beliefs. There is a sense of hope with Bitcoin, not felt in a very long time, by individuals who have taken the orange tablet. People who are waking up to the federal government and tyrannical central financial institution system and taking again their monetary freedom with out the help of a financial institution or authorities to conduct on a regular basis life.
I’d counsel you look in your native areas for some occasions, as they are happening nationwide. Even if you happen to are not essentially the most Bitcoin maximalist on the market, admire the revolution happening. Get impressed to be part of it. Remember, nobody single entity controls Bitcoin, however as a part of the Bitcoin neighborhood, we are able to management our future.
Lake Forest, California, Area:
This is a visitor publish by Anthony Feliciano. Opinions expressed are solely their personal and don’t essentially replicate these of BTC Inc or Bitcoin Magazine.