>> (p.1)
    Author Topic: Laszlo Hanyecz is a Bitcoin legend.  (Read 625 times)
    hd49728 (OP)
    Legendary
    *
    Offline Offline

    Activity: 2534
    Merit: 1218



    View Profile
    August 30, 2024, 04:29:28 AM
    Merited by adaseb (6), hugeblack (6), vapourminer (4), BlackHatCoiner (4), tabas (1), DdmrDdmr (1), yhiaali3 (1), Eclipse33 (1)
     #1

    A thread about Laszlo Hanyecz on X which is interesting and I believe it's worth to share here.


    This content is from the thread.
    Quote
    Mined 80,000 BTC when it was under $0.01
    Spent $2.4 billion on pizza


    1/
    Quote
    A Mac programmer from Florida, Laszlo Hanyecz discovered #Bitcoin in April 2010 when it was less than $0.01.

    His goal was to help more people run the software.

    Back then, $BTC only ran on Windows.


    2/
    Quote
    Laszlo quickly translated Satoshi’s code for MacOS.

    He wrote software users began running within a week.

    Here’s the computer he wrote it on: an iBook G4 😲


    3/
    Quote
    Laszlo quickly became one of Satoshi’s most trusted contributors

    Here’s Satoshi and Laszlo discussing what gives #BTC value and the mechanics of how payments work 👏


    4/
    Quote
    Laszlo and Satoshi also discussed #Bitcoin’s future design

    Here’s Laszlo pushing back against those who already didn’t think the network could scale 👏


    5/
    Quote
    Laszlo was one of the first 5 developers to work on #Bitcoin.

    Here’s Satoshi crediting him for his work helping to test and review the 3rd version of the software in history 🏆


    6/
    Quote
    Laszlo wasn't just a coder though.

    He was the 1st user to mine with powerful GPUs

    He took computer hardware specialized for video games and quickly boosted the network’s hashpower 🔥


    7/
    Quote
    Laszlo’s mined 35,000 $BTC in just the first 2 months

    He was making 700+ $BTC a day

    His wallet balance grew to over 80,000 #Bitcoin 🤯


    8/
    Quote
    Satoshi didn't like what he saw

    In fact, he wrote an email to Laszlo asking him to reconsider how he was mining.

    He wanted to keep it easy for "100% of people" to earn #Bitcoin 🤔


    9/
    Quote
    Rather than quit mining, Laszlo decided to give back to #Bitcoin.

    In fact, he dusted off one of Satoshi’s own ideas – taking an example from the official Bitcoin FAQ.


    10/
    Quote
    So, on May 18, 2010, Lazlo went on to the #Bitcoin forum and offered to send 10,000 $BTC to anyone who would buy him dinner.

    10,000 BTC was worth just ~$41 🤯


    11/
    Quote
    3 days later, a 19-year-old student in California answered his call.

    Jeremy “Jercos” Sturdivant got on his laptop and ordered a pizza from Laszlo’s local Papa John’s, swapping 10,000 $BTC.

    Here’s what the payment looked like on the blockchain:


    12/
    Quote
    Here’s a picture of Laszlo and his kids eating the two 10,000 $BTC pizzas.

    At $70,000, each pie cost ~$350 million

    Each slice cost over $40 million 🤯


    13/
    Quote
    For Laszlo, though, this wasn’t enough.

    He made clear it this an “open offer"

    He spent 40,000 $BTC on pizza ~$3 billion today 🤯


    14/
    Quote
    In 2010, Laszlo was one of #Bitcoin’s most active developers.

    Then, life got in the way.

    He spent everything he mined and left the community.


    15/
    Quote
    Laslzo has no regrets, though.

    In 2018, he bought two pizzas with #Bitcoin again.

    In fact, he was one of the 1st to use the Lightning Network for a payment – another historic first ⚡️


    16/
    Quote
    Today, Laszlo has the distinction of eating the most expensive pizza in history.

    But – more importantly – he kickstarted the #Bitcoin economy, paving the way for a freer financial system.


    I don't know what do you learn from his story but I myself learn from his experience as follows.

    I will never sell all bitcoin I have and I always reserve a part of my bitcoin for very long term, like 10% to 30% of my bitcoin for very long term and I even don't care when I take profit with it. In next 20 or 30 years, the 10% to 30% of my reserved bitcoin possibly will have more value than what I sell earlier.

    ▄▄███████████████████▄▄
    ▄███████████████████████▄
    ████████▀░░░░░░░▀████████
    ███████░░░░░░░░░░░███████
    ███████░░░░░░░░░░░███████
    ██████▀░░░░░░░░░░░▀██████
    ██████▄░░░░░▄███▄░▄██████
    ██████████▀▀█████████████
    ████▀▄██▀░░░░▀▀▀░▀██▄▀███
    ███░░▀░░░░░░░░░░░░░▀░░███
    ████▄▄░░░░▄███▄░░░░▄▄████
    ▀███████████████████████▀
    ▀▀███████████████████▀▀
     
     CHIPS.GG 
    ▄▄███████▄▄
    ▄████▀▀▀▀▀▀▀████▄
    ███▀░▄░▀▀▀▀▀░▄░▀███
    ▄███
    ░▄▀░░░░░░░░░▀▄░███▄
    ▄███░▄░░░▄█████▄░░░▄░███▄
    ███░▄▀░░░███████░░░▀▄░███
    ███░█░░░▀▀▀▀▀░░░▀░░░█░███
    ███░▀▄░▄▀░▄██▄▄░▀▄░▄▀░██
    ▀███
    ░▀░▀▄██▀░▀██▄▀░▀░██▀
    ▀███
    ░▀▄░░░░░░░░░▄▀░██▀
    ▀███▄
    ░▀░▄▄▄▄▄░▀░▄███▀
    ▀█
    ███▄▄▄▄▄▄▄████▀
    █████████████████████████
    ▄▄███████▄▄
    ███
    ████████████▄
    ▄█▀▀▀▄
    █████████▄▀▀▀█▄
    ▄██████▀▄▄▄▄▄▀██████▄
    ▄█████████████▄████████▄
    ████████▄███████▄████████
    █████▄█████████▄██████
    ██▄▄▀▀▀▀█████▀▀▀▀▄▄██
    ▀█████████▀▀███████████▀
    ▀███████████████████▀
    ██████████████████
    ▀████▄███▄▄
    ████▀
    ████████████████████████
    3000+
    UNIQUE
    GAMES
    |
    12+
    CURRENCIES
    ACCEPTED
    |
    VIP
    REWARD
    PROGRAM
     
     
      Play Now  
Page 1
Viewing Page: 1