4 ms·

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

by 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.

by dav_Oz 4y ago

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.