Tuesday, December 6, 2022

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


Happy Bitcoin Pizza Day! Before 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 photograph 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 are actually value greater than $300 million, the neighborhood’s Bitcoin purchases have additionally skyrocketed. 

Benjamin de Waal, the VP of Engineering at Bitcoin alternate Swan Bitcoin informed Cointelegraph, “I spent 7 BTC on a family trip to Japan a few years back.” In at the moment’s worth, 7 BTC is value properly over $200,000 —  however Ben’s glad as a result of his children are glad:

“It would have been worth a lot more now; but I don’t regret it at all. A good childhood full of adventure, fun, and learning is priceless.”

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

“​​Let’s not forget some almost 1BTC ‘spent’ betting who the next US president’s going to be.” […] Of course, I did not win.”

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

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 had to high it up with good previous dollars. The worth of the Bitcoiner-appropriate steak dinner is now value shy of half one million {dollars}.

In a phrase to the clever, Julien Liniger, CEO of Swiss Bitcoin alternate Relai–and a Bitcoin maximalist through and through, informed Cointelegraph that he “bought a bitcoin hoodie for 0.1 BTC back in the days, but that was the last thing” — a roughly $3,000 hoodie. He defined that “it then became too stupid of a thing to me to spend instead of stack sats.”

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

Molly Spiers, CoinCorner’s Head of Marketing, informed Cointelegraph, “I bought a photo 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 lost them somewhere over the years – I’d have framed them with pride!”

Fortunately, there are “no regrets,” as it does “make for a good story.” Plus, she shared a picture of the cats:

Molly Spier’s cats. The photo postcard is sadly lost. Source : Molly Spiers

While “experimenting with Bitcoin as a currency,” Matthew Ward, CoinCorner’s software program developer, informed Cointelegraph that he “bought the game Cities Skylines back when it launched on Steam in March 2015 for 0.108 BTC.” You could be the decide of whether or not the graphics benefit a $3,000 price ticket:

Cities Skylines gameplay. Source: themacgames.internet

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

Related: ​​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 “losing 9 BTC but gaining an amazing adventure.”

And for these questioning what occurred to the 10,000BTC Hanyecz spent on the pizzas, in accordance to 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 complete spent or despatched from the pockets is 0 BTC: a licensed Bitcoin hodler.