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We all had a “Pizza Day” moment

May 23, 2020

The famous businessman and author Andreas Antonopoulos said that paid five Bitcoin (BTC) for a pound of coffee in 2012.

“I have no regrets or any other BTC that I have spent or given away,” Antonopoulos said in an email to Cointelegraph on May 22. “Without them, BTC would not have been what it is today.”he added. “I still use it as a currency and do one or two transactions a week.”

Antonopoulos didn’t even like coffee

Antonopoulos’ tweet came on Bitcoin’s Pizza Day, a holiday in the crypto space commemorating the first documented commercial purchase with Bitcoin. About 10 years ago, programmer Laszlo Hanyecz paid 10,000 BTC for two Papa Johns pizzas, for a total of around $ 41. At the current valuation, 10,000 BTC would be worth about $ 92.5 million.

We all had a “Pizza Day” moment
We all had a “Pizza Day” moment

About two years later, in 2012, Antonopoulos bought a pound of coffee beans for 5 BTC Tweet from May 22, 2020, which relates to the experience. “The coffee was not good,” he said in the tweet.

The first Bitcoiner said he couldn’t remember the details of the transaction. “He was a coffee shop in the United States,” he said to Cointelegraph, adding, “Just a small private shop for BTC Coffee.”

There are many other similar stories

There are many other stories like Bitcoin’s Pizza Day stories within the broader blockchain community, and some can still happen. A well-intentioned purchase today can, in the near future, result in someone losing assets if the price of Bitcoin continues to rise. “Everyone in Bitcoin had a moment to leave ‘Pizza Day’ behind,” Antonopoulos said in his tweet, adding, “Some of you still haven’t noticed.”

Brandon Mintz, CEO of the cryptocurrency ATM network Bitcoin Depot, also pointed to a similar story. “I spent about 5 bitcoin in a donut box towards the end of 2012,” Mintz told Cointelegraph, adding, “Good luck getting over it.”

Cointelegraph reporter Sam Haig said he paid 1 BTC for a used laptop in 2014 for $ 600 after buying that 1 BTC in 2013 for only $ 70. “My friend lost his keys, so I ended up getting a laptop in return for helping reduce the overall supply of Bitcoin,” said Haig. “You’re welcome Hahaha”.

Cointelegraph editor Jeffrey Albus tells a similar story in which he paid 15 BTC for a meat meal in 2011. “12 BTC paid for the food. We gave the other 3 BTC as a tip to our waitress with a wallet of paper,” says Albus, adding wistfully, “I’m sure she just threw it away.”
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Antonopoulos’ tweet generated many comments as many of the first industry participants raised similar topics, including stories about BTC that were being spent on Candles and Diapers.

In addition, Tyler Winklevoss, one of the first Bitcoin users and co-founder of the Gemini exchange, paid 312.5 BTC in 2014 for a Virgin Galactic spacecraft ticket. Worth $ 250,000 at the time, the purchase would now be worth about $ 2.8 million.