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Bitcoin & The Wrong Lessons From Pizza Day
Authored by Jimmy Song via BitcoinMagazine.com,
The following is an excerpt on Bitcoin Pizza Day from "Fiat Ruins Everything" by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book.
Pizza Day is often viewed with a sense of regret.
The well-known story goes like this: many years ago, Laszlo Hanyecz bought two Papa John's pizzas, and in return, some fortunate person received 10,000 BTC.236 This tale resembles that of Peter Minuit purchasing Manhattan Island for a mere $24. It's hard to believe such a transaction took place, considering the current value.