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Thread: $2 million Pizza

  1. #1
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    Default $2 million Pizza

    http://www.thehollywoodgossip.com/20...ch-in-bitcoin/

    What does a $2 million pizza look like? Does it have gold leaf and saffron-infused white truffles?

    Is the cheese made from the milk of a thousand duck-billed platypuses?

    Is the sauce the really good Newman's Own stuff with the garlic and basil?

    No! None of that! It looks like this:



    According to Motherboard, the pizza was purchased by Mike Lazio back in May of 2010 using an online currency called Bitcoins (BTC). 10,000 BTC to be exact.

    At the time, a BTC equaled about .3 cents, meaning that Lazio spent about $30 on it when he took to the Bitcoin forum to make an offer: you order me pizza in the real world, I'll give you 10,000 BTC.

    It was the first time a real-world transaction had actually occurred using the virtual currency, and is believed to have sparked the intense inflation that has caused one single BTC to rise to about $234.

    So do the math: 10,000 BTC at $234 each means that if Lazio had kept that money instead of spending it on Pizza, he'd be sitting on an extra $2.34 million.

    Hopefully he enjoyed the pizza. I bet he could have found a lot of homemade pizza recipes that cost a lot less than $2.34 million to make.

  2. #2
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    If the speculation was right, though, if he hadn't ordered the pizza, Bitcoins would still be "worth" less than a dollar each.

  3. #3
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    I'm with senrath here... the coins were worthless until he did the transaction
    You have permission to steal anything I've ever made...

  4. #4
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    But if he never bought the pizza, Bitcoins would of lost value.

  5. #5
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    How much are the BitCoins worth now? and also can someone order me a pizza for rsgp :P
    We are all born ignorant, but one must work hard to remain stupid. - Benjamin Franklin

  6. #6
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    Quote Originally Posted by hamster31 View Post
    How much are the BitCoins worth now? and also can someone order me a pizza for rsgp :P
    http://bitcoinity.org/markets

  7. #7
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    People should be thanking him




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  8. #8
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    I think that if he had 10.000 BTC to spend on a pizza then he was probably sitting on a couple ten thousand more

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