In August 2017, a new user with the ID “Bitcoin Pizza” quietly entered Twitter, and every day he would broadcast in real time how much 10,000 bitcoins were worth based on the day’s price, rain or shine. The account information shows that he is from Australia.
Among the 25 million Australians, the bitcoin celebrity is Craig Steven Wright, who has been appearing in the media since 2015, claiming to be the founder of bitcoin, Staoshi Nakamoto, but he has been unable to get the private key to the bitcoin creation block, and no one believes he is the real Satoshi Nakamoto. The more he talks about it, the more people think he’s a fraud. The more he talks, the more people think he’s a fraud. In China, he’s also known by the nickname “Satoshi Australia”, which means Australian Satoshi.
Under his influence, the cryptocurrency world has seen a lot of “I’m Satoshi Nakamoto” drama, with people from all over the world claiming to be Satoshi Nakamoto, either for profit or purely for flirtation, but no one has been able to produce a private key to the Bitcoin Genesis block that proves it is the real Satoshi.
To this day, 12 years after the birth of Bitcoin, the price has risen from 0 to $60,000, but who is Satoshi Nakamoto? No one still knows.
As the price of Bitcoin gets higher and higher, more and more people are buying it, and even the traditional capital circle of Wall Street is starting to pay attention. Investors are increasingly focusing their attention on the people and events that can affect the price of the currency, so much so that the longer you stay in the industry, the more you feel that the founder of Bitcoin is about to be forgotten, although that may be exactly what he wanted, but some of the people and events that he has encountered in the growth of the Bitcoin he created seem to has been more impressive than the man himself.
Some of these people and events are saddening and have been repeatedly mentioned and talked about, and some are surprising, as they extend the innovation of the Bitcoin network and drive a new online world forward.
In this profit-seeking industry, stories about growing wealth are always more fascinating. on May 18, 2010 at 12:35 pm, Laszlo Hanyecz, a programmer based in Florida, USA, made a post in the Bitcoin Forum forum, hoping to buy two pizzas in exchange for 10,000 bitcoins.
Laszlo understands this, so he made it a point to emphasize that if you don’t know how to do it, it’s okay to go to a pizza store and buy it for me, but I’ll pay 10,000 bitcoins and you can give me two pizzas. “.
At that time, Bitcoin had only been around for a year and was only popular in niche tech geek circles. 3 days passed and Laszlo’s post about buying pizza went unanswered, so he posted again asking if the 10,000 Bitcoins he paid was too little.
There was no clear pricing on whether 10,000 bitcoins could be exchanged for two pizzas at the time, but someone did take him for a psycho and reminded him that in the US it’s easier to buy pizza online with a credit card.
If buying an everyday item or food, to this day it is still more convenient to buy it by credit card or cash. But for the things you like, you always have to pay something to do something different to deserve this love. When confronted with questions, Laszlo Hanyecz said pathetically, I just thought it would be fun if I could pay for pizza with bitcoin.
On May 22, a young man named Jercos Sturdivant helped make Laszlo’s wish come true when he bought two pizzas for $25 at a pizza place called Papa John’s and had them delivered to Laszlo’s home. Laszlo was so excited to receive the pizzas that he posted a picture of his one-year-old daughter reaching over the table to grab one of the pizzas, which was cute and funny.
Although she was only a year old at the time, it was still probably the most expensive food she had ever eaten in her life. You see, an ordinary piece of pizza can make all the difference in life. In the movie Fast and Furious 7, Paul said in his heartfelt confession to his beloved Mia that the best decision of my life was to walk into that store and buy a sandwich, even though it was really bad, so you hear it everywhere, to love life.
Laszlo succeeded and in his post he thanked Jercos who brought him the pizza.
This was the day that Bitcoin first got a price, 10,000 Bitcoins bought two pizzas worth $25, one Bitcoin is about $0.0025. But later people remember this date more for calculating how much those 10,000 bitcoins would be worth if they were kept back then, like the Bitcoin Pizza that tweeted how much 10,000 bitcoins were worth in real time.
With Bitcoin rising as high as $64,000 per coin in April of this year, and 10,000 Bitcoins worth $640 million, I wonder if Laszlo still enjoys that decision at the time.
Before 2018, he said he didn’t regret it, and that Laszlo, who was 39 at the time, was the same teenager he once was, without a hint of change. Facing the media, he said, “You know I don’t regret it, I think it’s great to be part of the early history of Bitcoin in this way, I’ve always promoted people to use Bitcoin and buying pizza with it is just one of the ways”.
According to himself, at most he may have had 100,000 bitcoins, but he kept using them to buy things online and didn’t keep them. Some say that half of those bitcoins were used to buy pizza, and some say that the most expensive thing he ever bought with bitcoins was a computer.
In short, the man who once had 100,000 bitcoins didn’t get rich. If all those bitcoins had stayed at the time, 100,000 bitcoins would have been worth up to $6.4 billion, and I wonder how people would have gone about telling that story later, maybe if he had said he was Satoshi Nakamoto, some people would have believed it without any other evidence.
His bitcoins all came from mining to get, he started mining in 2009, at first he also used CPU to dig, but later felt that CPU is too slow not enjoyable, changed to GPU mining, the speed is suddenly hundreds of times faster, 10 minutes to dig out 50 bitcoins.
Time came in 2013, compared to the first time to successfully buy pizza with bitcoin, Laszlo only went up three years, but bitcoin went from $0.0025 to $1000, up 400,000 times. okLink data shows that on December 5, 2013, the highest bitcoin price went up to $1152, and the network-wide computing power also went up to 15PH/s.
At this point, the bitcoin mining environment also changed. The era of CPU and GPU mining was gone, and Laszlo stopped mining, feeling that continuing to mine would become an extra burden that would interfere with normal life, and stopped.
He said he didn’t like the idea of mining as his main business, and that it was more fun to just mess around and not have to keep an eye on it from 9 to 5, although he still needs to write code for the online retail company GoRuck without having to work 9 to 5.
jercos, who sold pizzas to Lazsol back then, didn’t keep the 10,000 bitcoins either, selling them the next year for a total of $400. He said he spent the $400 on travel. The distance from Florida to New York is about 1,700 miles, and selling the 10,000 bitcoins probably wasn’t enough to buy a round-trip ticket to see New York, the capital of the U.S. empire… time, to put it mildly.
The year Jercos sold 10,000 Bitcoins for $400, Vitalik Buterin was 17 years old in Toronto, Canada, when he first heard about Bitcoin from his father.
His father, Dmitry Buterin, who was co-founder of an early stage blockchain incubator at the time, thought Bitcoin was interesting and wanted Vitalik to check it out.
At the time, Vitalik was a high school student, and like most high school students, loved to play games. Being a keen programmer, he would usually write small games in C++ to play on his own, in addition to playing Warcraft.
He has many characters in World of Warcraft, including a level 80 mage and level 80 warlock, a level 73 paladin, and many other characters in the game. There is an enemy character in World of Warcraft named “Ethereal”, which looks so similar to “Eethereum” that some people later thought that Etherium was inspired by Warcraft, but Vitalik denied it. Vitalik denies that this is a coincidence, or that people subconsciously feel a connection.
After hearing about Bitcoin from his father, Vitalik’s life turned around and he became obsessed with Bitcoin, researching it every day and reading white papers and other technical material in order to better understand the Bitcoin network, as well as blogging about Bitcoin.
For a while, he also wrote about Bitcoin while traveling around, and he visited cities like Amsterdam, San Francisco, and Israel. At the time, he was earning about 5 bitcoins for an article (at the time, five bitcoins were worth only $3.50), and when he earned 20 bitcoins, he spent 8.5 on a shirt, which was probably the most expensive shirt in the world.
Soon, Vitalik became well known in the cryptocurrency community at the time, and towards the end of 2011, he received an offer from a Romanian to co-found Bitcoin Magazine as a co-founder and head writer.
He followed Bitcoin while going to school, and the more he learned about it, the more interesting he found the Bitcoin network. Vitalik even thought that it would be interesting to run some mini-games and other programs on the Bitcoin network in addition to Coin, and that’s how the prototype of smart contracts was born.
Vitalik quickly put this idea into action, and in November 2013, he wrote the first version of an ethereum whitepaper and sent it to his friends to read. That year, he had just gotten into the University of Waterloo, one of the top three universities in Canada. Like Bill Gates, Zuckerberg and other shining figures, Vitalik found school too delaying and dropped out after eight months to focus on blockchain.
On January 23, 2014, he then published an ethereum white paper in his own bitcoin magazine, Bitcoin Magazine, Ethereum: A Next-Generation Cryptocurrency and Decentralized Application Platform (Ethereum: A Next-Generation Cryptocurrency and Decentralized Application Platform).
With this plan, Vitalik crossed the Pacific Ocean to China to raise funds. At that time, Vitalik was just 21 years old, thin and small, with yellow hair, sitting on the roadside playing with his cell phone like an uneducated game addicted boy. Some people said that the cryptocurrency circle is really a place for liars, and anyone can be a scientist.
However, Shen Bo, who had just set up Distributed Capital and was ready to do a great job in the blockchain field, chose to believe in him and invested $500,000 in him. According to the reports at that time, Distributed Capital got 416,000 ETH, which is about the cost of $1.00 per ETH.
Later, Ether became the pioneer of blockchain 2.0 and Vitalik became the god of V. In 2017, Ether’s token ETH exceeded $1,000 for the first time, and Distributed Capital got nearly 1,000 times return, and this investment made Shen Bo seal the deal in the blockchain VC circle in one battle.
Today, Ether remains the best underlying public chain, with thousands of decentralized applications such as Vitalik’s original plans for mini-games, DeFi protocol, and NFT running on Ether. As of May 21, ETH is provisionally quoted at $2863, with a circulating market cap of $331.7 billion. At the same time, OKLink data shows that the locked-in capital of DeFi protocol on Ether is $82 billion.
Laszlo has no regrets about not keeping 100,000 bitcoins, and Vitalik created Ether on top of Bitcoin to spin off blockchain technology into a wide range of application scenarios.
There is much more to the story of Bitcoin than that. In 2013, the year Vitalik dropped out of ethereum and Laszlo stopped mining, on the other side of the world, James Howells, a 35-year-old IT engineer based in Newport, Wales, also stopped mining because the birth of ASIC miners caused GPUs to lose competition in mining as well.
James had started mining in 2009, and he also had the 7,500 bitcoins he had earned from his early mining on an old computer.
One day in 2013, the community suddenly started a recycling campaign for old IT equipment, and in response to the community’s call, James generously brought his old computer to be donated at that time. The wise man still took down the most important storage hard drive and donated the computer to the community.
But then something tragic happened, and after a little bit of drinking at the time he threw away the hard drive with 7,500 bitcoins stored on it, as trash. That year, Bitcoin broke $1,000 for the first time, especially between August and October, when Bitcoin rose from a high of $100 to $1,150 in a little over two months, with 7,500 Bitcoins worth over $750,000 at its peak. Watching the price of the currency continue to rise, James could barely afford it, despite his remorse.
The price of bitcoin didn’t stop there, as it continued to fluctuate upwards over time, James Howells was having a hard time living. 2017 saw bitcoin go up to $20,000, and he lost $14 million worth of 7,500 bitcoins.
James Howells couldn’t take it anymore, and he was ready to find his few centimeters of hard drive in a soccer field-sized landfill, joining forces with several “shareholders” to crowdfund $7.4 million, which he intended to give to the local city to get permission to dig up the landfill. But the government felt that digging up the landfill could be accompanied by serious environmental pollution and could also set off dangerous gases, and gave him a refusal.
Earlier this year, bitcoin broke through the all-time high of $20,000 and rose as high as $40,000. James Howells increasingly felt that he still had to go through the landfill, and that it was important to dream, just in case he really found it. This time he proposed a new solution, if he was allowed to go through the junkyard looking for the hard drive, and if he found it he could donate 25% of the value of the 7,500 bitcoins to a fund in his hometown, in addition to promising to fund the mining project with the support of a hedge fund as a solution to the funding problem.
However, the Newport City Council did not pass Howells’ offer, routinely rejecting his request to excavate the landfill for hard drives due to environmental and funding issues.
James Howells’ unrelenting spirit has annoyed the local government, and this year a council committee spokesman came forward to say that he had received several inquiries from James Howells since 2013 about “whether he could retrieve a hard drive with bitcoins on it.
The council president also said that it would be impossible for him to dig up the landfill, not in his lifetime, because it would have a huge impact on the surrounding environment and the cost of digging it up would be huge, so an operation that would not guarantee that the hard drive could be found and would affect the normal operation of the landfill would not be approved.
On April 14, the price of Bitcoin surged to a peak of $64,000, with 7,500 Bitcoins worth about $480 million.
At this moment, if James Howells had seen “The Greatest Showman – The Greatest Saint Marries His Wife”, he would probably say, once there was $480 million in front of me, I didn’t cherish it, and when I lost it I regretted it, there is nothing more painful in the world than this, if God could give me a chance to do it again, I would never dismantle my computer to give love, if I had to give these bitcoins If I had to give these bitcoins a deadline to sell, I would like to wait until they reach $100,000.
James Howells was chagrined by the loss of his hard drive in 2013 when some bitcoin enthusiasts began to scoff at this kind of price-based speculation. In a free capital market, ordinary people can look the other way, but they can’t stop certain behavior.
In 2013, when bitcoin was skyrocketing, another popular thing on the internet was a Shiba Inu emoji packet called Doge meme, which people reposted to express ironic sentiments such as “speechless”. The emoji was also used by some people in the cryptocurrency community at the time to show that they couldn’t understand the rising price of bitcoin.
Jackson Palmer, a marketing specialist at Adobe who was working out of Sydney at the time, had the idea to make a digital currency with a dog emoji. On November 28th, he tweeted, “Come invest in dogcoin, I’m pretty sure it’s going to make a big deal.
Jackson Palmer, after all, is a marketing guy, he doesn’t give out coins. But he thought he’d keep playing since people were paying attention, so he bought the domain name Doge coin.com and uploaded a picture of a coin with a dog’s head emoji and 1 Dogecoin = 1 Dogecoin. a reality, please contact me.” Today that statement has become the introduction to Dogecoin, an open source peer-to-peer digital currency that is loved by “Shiba Inus” around the world.
Jackson Palmer’s idea for a coin was seen by Billy Marcus, a programmer at IBM at the time, who had wanted to launch a coin for a long time, but didn’t know how to get more people involved, so he quickly contacted Jackson and told him, “I’ll make it happen for you.
Like Jackson Palmer, Billy Marcus also came with the psychology of spoofing to issue this coin, it copied the code of bitcoin a lot over, and finished the development of dogcoin in 3 hours. He changed the total amount of bitcoin 21 million to 100 billion, and after mining it, he issued 5 billion more every year, which is equivalent to an unlimited number of issues. In addition, he also reduced the difficulty of mining significantly, users can dig anytime, no limit, now dogcoin has been fully mined, the current circulation of 129 billion.
Billy Marcus has also changed “mine” to “dig” and his Twitter handle is a variation of Satoshi Nakamoto’s “Shibetoshi Nakamoto”. Shibetoshi Nakamoto.
As of May 21, Dogcoin (DOGE) was temporarily trading at $0.39, with a circulating market cap of $50.7 billion. But Jackson Palmer and Billy Marcus, who created Dogcoin, both successively sold all their Dogcoin holdings in 2015, shut down their personal social media, waved their sleeves and quit the community altogether.
In early February this year, dogcoin rose sevenfold in a week. The sudden surge in dogcoin caused Markus to post an open letter on Redidt, in which he wrote that the starting point for creating dogcoin was not for people to speculate wildly, but to bring more positive impact to the world, such as advancing charity or other interesting things to develop.
After Dogcoin became popular, it deviated from their original intention, just like Bitcoin, and he and Jackson Palme were harassed by many fanatical speculators, sending them messages from various channels, hoping that they would use their influence and holdings to pull the plate of speculation, and sold their coins and left the market after being overwhelmed.
Markus also revealed that he currently does not have any doge coins except for the recent bounty he received. After being laid off in 2015, his savings were getting low and he sold all his doge coins and bought a used Honda Civic.
Some people have calculated that the price of DOGE was about $0.0001 at that time, a used Honda Civic if counted at $6,000, Markus sold at least 60 million dogcoins. On May 8 this year, DOGE rose from a maximum of $0.0046 to $0.7 during the year, an increase of more than 150 times in six months. If calculated according to the maximum price of $0.7, 60 million DOGE is roughly worth $42 million.
Currently the most expensive Rolls-Royce Phantom price is about 1.3 million U.S. dollars, 42 million U.S. dollars enough to buy 32 units.
DOGE skyrocketed 150 times in six months, and that was a story about Musk that had no connection to the two founders, Jackson Palme and Billy Marcus.
Dogcoin began to be officially associated with Musk on April 1, 2019. It was April Fool’s Day, and the official Dogcoin community ran a campaign where they tweeted a poll on who would be best suited to be the CEO of Dogcoin, and the final result was that Musk won with 54% of the votes.
Later that night, the official Dogcoin tweeted @Musk, “Looks like you’re the CEO.” The next day, he tweeted that Dogcoin is my favorite cryptocurrency and it’s really cool. At the same time, he went along with the joke and gladly accepted the position of Dogcoin CEO, changing his Twitter profile to “Dogcoin CEO”, and then he changed it to “Former CEO of Dogcoin” after he seemed to feel a bit offended.
In 2019, the cryptocurrency market is still struggling at the end of the last bear market. Musk is still busy with Tesla and SpaceX, Tesla China factory is being built, SpaceX recovery rocket was successfully launched, but human spaceflight will not be realized until a year later.
On January 7, 2020, the Tesla Model 3 was officially delivered at the Shanghai Super Factory, and Musk, who flew in from the United States to celebrate, was so happy that he took off his suit and “danced” on stage.
At that time, people were still paying attention to Musk when it came to Tesla and SpaceX. In the second half of 2020, driven by DeFi’s, the market entered a new bull market, and in early October, bitcoin began to climb upward from $10,000, breaking through $20,000 on December 17 and rising as high as $28,000 on December 31.
Bitcoin’s breakthrough to $20,000 attracted the attention of Wall Street financial institutions, with Grayscale and US-listed MicroStrategy first announcing positions in bitcoin. Among the newcomers in the group are Musk and Tesla.
On January 29, Musk explicitly called out Bitcoin, changing his Twitter profile to Bitcoin. Under his leadership, a number of cutting-edge tech gurus, including Twitter CEO Jack Dorsey, followed suit and changed their Twitter profiles to Bitcoin as a way to support Bitcoin.
On that day, Bitcoin rose from a low of $33,644 to a high of $38,562, a gain of more than 20%. In February of this year, Tesla’s annual earnings report filed with the U.S. Securities and Exchange Commission (SEC) showed that Tesla had purchased $1.5 billion worth of bitcoin.
By now, Tesla holds bitcoin, Musk stands to shout orders, Musk has become the vane of bitcoin price rise, and become the first KOL of bitcoin.
At the same time, the dogcoin, which was mocked for its speculative hype back then, began to rage. On January 28, the dogcoin started to rise from $0.007, and on January 30, it rose up to $0.045, a six-fold increase in two days. This also caught Musk’s attention, Musk started to work, and in February, he started to shout orders for dogcoin extremely hard. Musk started to pay attention to dogcoin, and in February, he sent three tweets in a row, saying that dogcoin was the people’s currency and that he wanted to launch a dogcoin to the moon.
Since then, he has tweeted and mentioned dogcoin many times in public, and Musk upgraded from the former CEO of dogcoin to the godfather of dogcoin.
Dogcoin has also been soaring under Musk’s aegis, rising as high as $0.7 on May 8, an increase of over 150 times so far this year. This deviates from the normal asset appreciation track, and some Wall Street bigwigs are starting to worry about dogcoin, warning investors about the risks.
On May 2, bitcoin bigwig and founder of cryptocurrency merchant bank Galaxy Digital Mike Novogratz advised investors not to buy dogcoin and to sell it, for which Galaxy Digital even wrote a 22-page report slamming dogcoin. sat back and tweeted, “OK, DOGE (dogcoin) guys, it’s been fun, welcome to the crypto world! But now it’s time to convert your dogcoins to bitcoin.
Amid these chants, dogcoin also suffered a price drop, falling to $0.43 on May 9, a drop of more than 50%. Dogcoin suffered a Waterloo, Musk is long dogcoin suffered a Waterloo, he instantly counter-killed bitcoin a hand. May 13, he suddenly declared in Twitter, Tesla no longer accept bitcoin payment reason is, reason is because of environmental reasons, at the same time announced SpaceX accept dogcoin payment.
He was joined by Twitter CEO Jack Dorsey 20 days ago to refute the notion that “the computing power needed to secure Bitcoin is destroying the environment and the planet.
While everyone thought Musk, with his cutting-edge tech innovator persona, was a big supporter of Bitcoin, he suddenly turned pink and black, like a keyboard warrior who gets paid to tweet about it. He didn’t stop there. On May 17, after first hinting that Tesla had sold bitcoin, he then said it wasn’t sold. Musk repeatedly jumped across the board, and on May 19, bitcoin fell from $48,000 all the way below $29,000, leaving the market corpse-ridden.
Moscow doesn’t believe in tears, and the cryptocurrency world no longer believes in Musk. Laszol, who bought pizza with bitcoin, James Howells, who threw away his hard drive with 7,500 bitcoins, no matter how saddening their stories are, they are only about themselves. Musk has surprised bitcoin Holders, but has also pulled countless unrelated people down into the abyss.
The industry needs more technology innovators who keep giving the world the wow factor.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/the-eleventh-pizza-day-revisit-the-pizza-story-of-the-year/
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