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Bitcoin News

A roundup of the top Bitcoin news from April 1 to April 7:

Tuesday, April 2

• Can Bitcoin Be Trusted as the Global Economy’s Safe Haven?
• Video: Max Keiser Predicts Bitcoin Market Growth to $1 Million Per BTC

Wednesday, April 3

• Bitcoin Stories: The Million-Dollar Pizza (10,000 Bitcoins in 2010)

Thursday, April 4 

• Is Bitcoin Hype or Reality? Real, And Also Controversial
• Bitcoin Exchange Mt. Gox DDoS Attack: It’s Been an Epic Few Days
• Bitcoin Hits the Front Page of the Financial Times

Friday, April 5

• Bitcoin Market Cap: Cash Currency That Crosses Borders

Saturday, April 6

• Skype Malware Spreads Bitcoin Mining Virus on Your Computer

Sunday, April 7

• Here Comes the Bitcoin Venture Capital
• Bitcoin Bubble: What Financial Experts Think

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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.”

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