The Knoxville Bitcoin Network will host the Bitcoin Pizza Day Meetup on March 22, 2022. This idea was raised in our group chat and the event serves as a way to pay homage to the Bitcoin Pizza Day legend.
For those unfamiliar with Bitcoin Pizza Day, this is the day when the first Bitcoin transaction took place in exchange for another real-world item, Pizza. On May 22, 2010, Laszlo Hanyecz paid someone 10,000 Bitcoins and ordered two large Papa John’s pizzas. Yes, you are reading that right, 10,000 Bitcoin.
As a fellow Bitcoin trader, we not only join this Sunday to gather local Bitcoin traders to eat delicious pizza (paid in Bitcoin), as well. Orange pill Staff at a locally owned and operated pizzeria in Knoxville, Tennessee. Even if you own one small pizzeria at a time, it is of utmost importance to continue to adopt Bitcoin.
More than 10 years after the first Bitcoin Pizza Day, those who can’t even think of spending one Satoshi (the smallest unit of Bitcoin) on something for fear that Satoshi’s value will be much higher in the future. There is also. (The two pizzas of 2010 are worth $ 302.6 million at the time of writing.) However, the purchase of Bitcoin-equipped pizzas by Hanyecz is a very important part of Bitcoin history for several reasons. We believe: This purchase opens up a whole new set of ideas and possibilities about what Bitcoin can achieve if a sufficient number of people start adopting Bitcoin, while at the same time commodities with Bitcoin. You can have a financial network where you can buy services and services. Already with this state-of-the-art use of early technology, Hanyecz missed over $ 300 million in today’s entertaining money, but further advances Bitcoin as a monetary asset with measurable value in the real world. It was important to let you. For this reason, we thank you.
If you zoom out, you’ll find that spending $ 30,000 worth of Bitcoin on pizza isn’t worth it in 10 years, unless you refill Satoshi after spending. Twelve years ago, the price of two pizzas was 10,000 Bitcoin. Today, a big pizza worth $ 20 costs only about 0.0006 Bitcoin, or 60,000 Satoshi. It’s quite different from 12 years ago! The question is, what will pizza cost in 12 years from today if priced in Bitcoin? However, it is as important to use Bitcoin as it is to use fiat currency. With Lightning, this is more realistic than ever. As a Bitcoin user, you have a responsibility to support those who are willing to accept Bitcoin. Yes, this means using Bitcoin. The more non-Bitcoin users have a sophisticated user interface, user experience, and user touchpoints with instant payments, the more this “bitcoin thing” will start to make sense to them. The value added is real and the atmosphere has a clear sense of excitement — this is the magic of Bitcoin adoption in real time. Hanjech took a proverbial bullet for all of us, but doing so allowed us to continue to mature the most difficult money on the planet. This Sunday we pay tribute!
This is a guest post by Shane Kotz.The opinions expressed are completely unique and are not necessarily BTC Inc. or Bitcoin magazine..