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He was offering 10,000 BTC for two large pizzas. At today's exchange rates that's close to $10 million. I didn't bother to read the whole thread, but if he did
by manuelflara 13y ago
He was offering 10,000 BTC for two large pizzas. At today's exchange rates that's close to $10 million. I didn't bother to read the whole thread, but if he did eventually buy them, I hope they were at least delicious.
- shawabawa3 13y agoHe did buy them, and although a lot of people probably think he's an idiot for it, bear in mind he is most likely a multimillionaire if not a billionaire by now.
- adventured 13y agoHe's not even remotely close to being a billionaire, a pretty hefty exaggeration. That would require that he mined nearly 10% of all bitcoins. He talks about basically having 'thrown away' 40,000+ bitcoins that were easy to mine initially before he stopped and began holding onto what he was mining. It's more likely he's in the $10m to $50m range, assuming he didn't liquidate early into bitcoin's rise.
- Kiro 13y agoNo, he is definitely closer to a billion.
- shawabawa3 13y ago> He's not even remotely close to being a billionaire, a pretty hefty exaggeration. That would require that he mined nearly 10% of all bitcoins. My bad, sometimes I forget just how big a billion is
- swalsh 13y agoStill, this is kind of the epitome of spending money to make money. This pizza was one of the first notable examples of people using bitcoin as a currency. It proved the concept. Its not certain had he not spent those bitcoins on the pizza the rest of his minings would be worth much.