4 ms·

The bitcoin pizza thing is illustrative of all the crypto BS to come. The pizza was bought using US dollars from a pizza shop that didn't know what bitcoin was.

MacsHeadroom 4y ago
The ingredients for the pizza bought online were probably bought in person at a restaurant supply store with no web presence. Everything has to start somewhere.
- Melting_Harps 4y ago
  - DonHopkins 4y ago
- benoliver999 4y ago
  If I give you a Simply Red CD and you buy me a pizza in exchange, no one would state that the CD bought the pizza. In fact as far as the pizza place is concerned it's your pizza not mine.
danuker 4y ago
What do you mean? Was a pizza not sold for Bitcoin? Here's Papa John's saying it was: https://twitter.com/PapaJohns/status/1396221079748677632 https://twitter.com/PapaJohns/status/1396221079748677632 Do you mean it was sold through an intermediary accepting Bitcoin? Is that not a sale still?
- DonHopkins 4y ago
  And here's Papa John's CEO John Schnatter stepping down because he criticized the NFL for not dealing with the “take a knee” anthem protests against police brutality in a manner timely enough to shore up its shrinking, potentially pizza-ordering viewership: https://qz.com/work/1164231/papa-john-is-out-as-ceo-because-he-didnt-learn-the-lesson-of-patagonia/ https://qz.com/work/1164231/papa-john-is-out-as-ceo-because-... And here's the neo-Nazi media outlet Daily Stormer saying how much they strongly agree with and support John Schnatter's and the Alt-Right's racist views, and proclaiming "Papa John: Official pizza of the alt-right" with a picture of a "SIEG HEIL PIZZA" decorated with a swastika made of pepperoni: https://www.newsweek.com/papa-john-alt-right-nazis-white-supremacists-nfl-pizza-701648 https://www.newsweek.com/papa-john-alt-right-nazis-white-sup... Do you really believe everything that Papa John's Pizza and John Schnatter and the Daily Stormer tweet?
  - CryptoPunk 4y ago
- dav_Oz 4y ago
  Yeah, Papa John's is bragging about this first ever BTC tx to buy pizzas from them when in fact some guy from overseas in GB (Laszlo was living in Florida) took up the offer from the online forum [0] and paid for the pizza via credit card, so Papa John's obviously couldn't care less. >A British man took up Hanyecz's offer and bought the two pizzas for him in exchange for the 10,000 Bitcoins. Even then the recipient of the Bitcoins got himself a bargain, paying $25 for the pizzas, while 10,000 Bitcoins were worth around $41 at the time. [1] My guess is - since in those early days all enthusiasts were basically "hardcore computer nerds" - the significance of buying a pizza via BTC was at least partially implied through the common knowledge of Pizza Hut's "experiment" in 1994. [0]https://bitcointalk.org/index.php?topic=137.0 https://bitcointalk.org/index.php?topic=137.0 [1]https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/ https://www.investopedia.com/news/bitcoin-pizza-day-celebrat... Edit: Imhv "Silk Road" was the game changer for BTC tx selling/buying goods[3] [3]https://news.bitcoin.com/bitcoin-history-part-15-silk-road-is-born/ https://news.bitcoin.com/bitcoin-history-part-15-silk-road-i...
  - throwawaycities 4y ago
    When you think about the number of middlemen involved in a credit card transaction, 1) the credit card networks (i.e. Mastercard, visa, etc…), 2) the credit card company/issuer/bank (i.e. Bank of America, Wells Fargo, etc…), 3) credit card processor (i.e. fidelity, square, etc…)…is one more where we draw the line? It’s really no wonder the average consumer needs to resort to financing their pizza with debt on account 3 middlemen have worked their way into the transaction, all of which are multi-billion dollar organizations that add no value aside from facilitating the very ridiculous debt driven system they created.
  - MomoXenosaga 4y ago
    Until such day nobody talks about how much a bitcoin is worth in US dollars I don't consider it a currency. I imagine few people get their salary in BTC and even fewer pay their bills in BTC. There were some experiments with actually using cryptocurrency directly in the Netherlands but it all petered out.
aaron695 4y ago

MacsHeadroom 4y ago

The ingredients for the pizza bought online were probably bought in person at a restaurant supply store with no web presence. Everything has to start somewhere.

Melting_Harps 4y ago
- DonHopkins 4y ago
benoliver999 4y ago
If I give you a Simply Red CD and you buy me a pizza in exchange, no one would state that the CD bought the pizza. In fact as far as the pizza place is concerned it's your pizza not mine.

danuker 4y ago

What do you mean? Was a pizza not sold for Bitcoin? Here's Papa John's saying it was: https://twitter.com/PapaJohns/status/1396221079748677632 https://twitter.com/PapaJohns/status/1396221079748677632 Do you mean it was sold through an intermediary accepting Bitcoin? Is that not a sale still?

DonHopkins 4y ago
And here's Papa John's CEO John Schnatter stepping down because he criticized the NFL for not dealing with the “take a knee” anthem protests against police brutality in a manner timely enough to shore up its shrinking, potentially pizza-ordering viewership: https://qz.com/work/1164231/papa-john-is-out-as-ceo-because-he-didnt-learn-the-lesson-of-patagonia/ https://qz.com/work/1164231/papa-john-is-out-as-ceo-because-... And here's the neo-Nazi media outlet Daily Stormer saying how much they strongly agree with and support John Schnatter's and the Alt-Right's racist views, and proclaiming "Papa John: Official pizza of the alt-right" with a picture of a "SIEG HEIL PIZZA" decorated with a swastika made of pepperoni: https://www.newsweek.com/papa-john-alt-right-nazis-white-supremacists-nfl-pizza-701648 https://www.newsweek.com/papa-john-alt-right-nazis-white-sup... Do you really believe everything that Papa John's Pizza and John Schnatter and the Daily Stormer tweet?
- CryptoPunk 4y ago
dav_Oz 4y ago
Yeah, Papa John's is bragging about this first ever BTC tx to buy pizzas from them when in fact some guy from overseas in GB (Laszlo was living in Florida) took up the offer from the online forum [0] and paid for the pizza via credit card, so Papa John's obviously couldn't care less. >A British man took up Hanyecz's offer and bought the two pizzas for him in exchange for the 10,000 Bitcoins. Even then the recipient of the Bitcoins got himself a bargain, paying $25 for the pizzas, while 10,000 Bitcoins were worth around $41 at the time. [1] My guess is - since in those early days all enthusiasts were basically "hardcore computer nerds" - the significance of buying a pizza via BTC was at least partially implied through the common knowledge of Pizza Hut's "experiment" in 1994. [0]https://bitcointalk.org/index.php?topic=137.0 https://bitcointalk.org/index.php?topic=137.0 [1]https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/ https://www.investopedia.com/news/bitcoin-pizza-day-celebrat... Edit: Imhv "Silk Road" was the game changer for BTC tx selling/buying goods[3] [3]https://news.bitcoin.com/bitcoin-history-part-15-silk-road-is-born/ https://news.bitcoin.com/bitcoin-history-part-15-silk-road-i...
- throwawaycities 4y ago
  When you think about the number of middlemen involved in a credit card transaction, 1) the credit card networks (i.e. Mastercard, visa, etc…), 2) the credit card company/issuer/bank (i.e. Bank of America, Wells Fargo, etc…), 3) credit card processor (i.e. fidelity, square, etc…)…is one more where we draw the line? It’s really no wonder the average consumer needs to resort to financing their pizza with debt on account 3 middlemen have worked their way into the transaction, all of which are multi-billion dollar organizations that add no value aside from facilitating the very ridiculous debt driven system they created.
- MomoXenosaga 4y ago
  Until such day nobody talks about how much a bitcoin is worth in US dollars I don't consider it a currency. I imagine few people get their salary in BTC and even fewer pay their bills in BTC. There were some experiments with actually using cryptocurrency directly in the Netherlands but it all petered out.

aaron695 4y ago