Tag Archives: Bitcoin stories
Bitcoin Stories: The 300 BTC Porsche, First Supercar Transaction
Bitcoin Stories: The 300 BTC Porsche
Here is a new entry in our Bitcoin Stories series. It starts off with a man who wants to sell his car, a 2007 Porsche Cayman S with only 8200 miles. He runs car ad that reads like most car ads, with details about the mileage and the options. But the catch is that he is only willing to sell the car for Bitcoins.
About 2 months later, he found a buyer for 300 BTC and completed the transaction on Bitcoin payment network BitPay.
The seller posted his story on Reddit, saying that this is the first supercar-Bitcoin transaction!
At Bitcoin market prices earlier this week, this makes the sale worth over $50,000 USD. Of course, if the buyer had been purchased or mined Bitcoins a few years ago, he could have just bought a Porsche for a couple of dollars.
Bitcoin Stories: The Million-Dollar Pizza (10,000 Bitcoins in 2010)
Bitcoin Stories: The Million-Dollar Pizza
One of the more famous Bitcoin stories is about one of the earliest real world purchases made with Bitcoins in 2010. A Bitcoin Forum user named Laszlo offered to pay 10,000 BTC for a pizza. Here’s his original offer from May 18, 2010:
I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!
I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.
If you’re interested please let me know and we can work out a deal.
Thanks,
Laszlo
Four days later, Laszlo proudly reported that he had successfully traded 10,000 Bitcoins for pizza, which was about $25 at the time. Not a bad price but pretty slow delivery time.
Just under three years later, the value of Bitcoins has soared to $100 per BTC, making that pizza worth over $1 million!
Here is a photo of the actual million-dollar pizza, and presumably Laszlo’s son going after a slice.
That forum thread is still active, with the latest post today reading simply:
“Wow. I wish I had 10,000 bitcoins now.”
