My fellow cryptocurrency friend, I mean that Bitcoin wouldn't be what it is today if not people who used it in the early days - the usage as medium of exchange gave it popularity through infamous DNM's and drug dealings and before that with people like Laszlo who used it to buy those pizzas.

If he didn't bought those pizzas and people on DNM wouldn't buy weed and other substances with it because of future price, Bitcoin wouldn't be worth what is worth today, it would stay a geeky gimmick only known on this forum.

You just can't eat the cake and have the cake at the same time.

We both probably wouldn't know about this forum or Bitcoin existence in the first place.

Let me highlight what I meant in your post:


If he HOLD it back then, then it would be still worth $41 bucks today  

The whole history would be different if not people like him who actually used it.

He is a legend not for paying billions of dollars for pizza, he is a legend for being first mover.

But seeing all this "billion dollar" pizza posts, I don't think many people appreciate what a real legend he was.
They just see a person who made a bad decision.

You are missing my point, entirely.

I have nothing else to add in this subject. Cheers.

Yes, I read that thread on X and shared it for forum members. The thread on X is not mine, I clearly said it in OP.


He is like one piece of history and without him, we will have another person to make similar trade but because he is a first person to do it, he made a milestone for Bitcoin adoption. He deserves to be recognized as a Bitcoin legend, no doubt.

Risk is not too big because he did not spend too much money for doing this. His biggest contribution is programming some helpful things for early Bitcoin development and the Bitcoin - Pizzas trade. I disagree to say the trade is risky for him, it's good for him. As he afford to get nothing by mining bitcoin in early days and the trade proved that he is doing a right thing.

Risk is on the buyer, who was uncertain that he will be able to sell these bitcoins to someone else or not.

When I joined Bitcoin, its price was less than 3000 and it was a fortune for those who bought Bitcoin at $100. At that time, you would have told Laszlo that if he sold 10,000 Bitcoin at $2000, he would have made a fortune. Today, the price of Bitcoin is more than $60,000 and it may be $600,000 in the future. In short, the definition of a good deal varies depending on the time period. Check out the forum posts and you will find many celebrating the price of $1000 or $10,000 and wishing they had sold at that price.
inshort 10k BTC was a good deal at that time

Pete Rizzo's Bitcoin History threads in X are very VERY good. This is another one about a more unknown Bitcoiner with BitcoinTalk username "knightmb" who accumulated 371,000 Bitcoins with an average entry price that's less than $0.01 per coin, https://x.com/pete_rizzo_/status/1829870524043800599

👀

Although the thread ended with knightmb being "destitute", where his 371,000 Bitcoins went is "a mystery". He probably is the smartest Bitcoiner if he has control of those coins.

I am so happy that he is finally getting his full story heard. I keep hearing about "that idiot who spent 10k on bitcoin" and nobody really knows his fully story, that wasn't even like 10% of his stash, and he just kept on making more too and yet people only know him for that, it is not really that reasonable to expect to just put him in a box like that and talk about one thing. Sure that is the thing he went viral for and I understand that, but the reality is that he did so much more for the bitcoin community than just pizza. The fact that he is the one that turned bitcoin into macOS applicable thing is the biggest one he did if you ask me, and being that much of an bitcoin admirer at that early stage is even better.

We should all be considering this to be the most important part, and that is why I believe that we should consider that it is not going to be all that easy to figure out. We need to do something that will put his name forward more about everything else he did.