Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia:
What do a family holiday to Japan, a 50 Cent album, a steak dinner and a framed cat photo have in common?
They were all paid for with Bitcoin (BTC) by members of the Cointelegraph Bitcoin community! And just like the Bitcoin pizzas that cost 10,000 BTC, which are now worth more than $300 million, the community’s Bitcoin purchases have also skyrocketed.
Benjamin de Waal, the vice president of engineering at Bitcoin exchange Swan Bitcoin, told Cointelegraph, “I spent 7 BTC on a family trip to Japan a few years back.” In terms of its present value, 7 BTC is worth well over $200,000 — but de Waal’s happy because his kids are happy:
“It would have been worth a lot more now, but I don’t regret it at all. A good childhood full of adventure, fun and learning is priceless.”
Felix Crisan, the scammer vigilante, told Cointelegraph how he once spent 50 BTC (worth $1.5 million) developing a new software module for his company in 2015. Crisan added that in 2016:
“Let’s not forget some almost 1BTC ‘spent’ betting who the next US president’s going to be. […] Of course, I didn’t win.”
That’s a $30,000 bet at BTC’s current market price.
Jeffrey Albus, an editor at Cointelegraph, shared that he splashed out on a steak dinner to demonstrate Bitcoin’s peer-to-peer capabilities “sometime in 2011 or early 2012.”
“We paid 15 BTC — 12 for the meal plus 3 BTC left as a tip (which the waitress probably threw away).”
Worse still, the value of 15 BTC over 10 years ago was so small that it fell short of the total bill — Albus had to top it up with good old greenbacks. The value of the Bitcoiner-appropriate steak dinner is now worth shy of half a million dollars.
In a word to the wise, Julien Liniger, CEO of Swiss Bitcoin exchange Relai as well as a Bitcoin maximalist through and through, told…
Click Here to Read the Full Original Article at Cointelegraph.com News…
