I think it is better here, as it goes about a Bitcoin transaction.


That's interesting, because I knew about the first transaction involving a good—the famous pizza—but I didn't know about this first transaction. And I've been in this field for a few years now. Yeah 5,050 Bitcoin is a lot today but the importance of that transaction is that it paved way.

Well, technically this ain't the first also 
We have Malmi selling here:
https://mempool.space/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2
But we have Satoshi gifting Hal here:
https://mempool.space/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

The whole pizza thing is a bit weird because Lazlo didn't actually buy the pizza with BTC , he sent the Bitcoins and Jeremy bought the pizzas with a normal credit card.

This is the funny part: we don't actually know when Bitcoin was used directly to buy something for the first time!

Worth roughly $424,200,000 if we go by today's $84k price. Most people would say he sold much BTC if they look at the current price and value forgetting it was much easier to mine thousands of BTC from a desktop computer back then, of course he had so much more BTC at that time that 5050 BTC was nothing to him. He really set the pace and is a legendary act worth remembering.

Compared to now, it holds a very large value that can make anyone very wealthy and most people who have such a big stash would want to to keep holding and not sell.

The amount of Bitcoin he sold then if compared to now is an amount that will change even a country's financial status, not to talk about an individual.

I believe by then when he sold it the price of Bitcoin wouldn't be up to even half a dollar($) per coin, if compared to now that Bitcoin is around $80,000 per coin, the total sum as of when Sirius sold it wouldn't be enough to even feed in some places, but having that total sum of Bitcoin now with this current value, can make  anyone with such amount be recognised in his/her country if not continent.

I believe if he might still be alive, he might be regretting his decision of selling off the coin at that value and time rather than waiting a little longer to sell it.

Every sacrifice for the advancement of Bitcoin was worth it. Bitcoin was a strange currency that most people would never accept as a means of payment. Legends like Martti Malmi had to do all they can to promote Bitcoin. Looking it at the price of Bitcoin today, selling such a number of Bitcoin for that amount might be painful. They might not be rich currently, but they would never be forgotten for their sacrifice.

Sometimes we talk about the people who have made impact in bitcoin, and I believe the reason why we are talking about them and seeing them as a legend is because bitcoin succeeded, I believe if bitcoin did not succeed we won’t have seen them as legend, properly some people we call them a fool.
This is to remind everyone that you will only be remembered by your success and not failure.

Sirius has done something great and the success of bitcoin is the reason why we are talking about him today,  5,050 BTC today is actually a lot and what he did with it is amazing and has helped the bitcoin project.

So, is this the same guy who sold those Bitcoins? Damn, time flies so fast that he's already lost all his hair, lol. However, I think that transaction was bound to happen eventually. After all, Bitcoin is decentralized money that was originally intended to be spent. So, even if he hadn't spent it back then, he might have ended up spending it sooner or later. There was no need to say that he would regret it. Instead, what he did helped pave the way for Bitcoin to become what it is today - a thing that made his name part of Bitcoin history.

I knew about someone who traded a huge amount of BTC for pizzas but this is the first time am hearing about another person selling off a huge amount of BTC, you’ll wonder why they didn’t hold it but give away such amount of Bitcoins cheaply. However I've got to understand that it's not like they didn't value Bitcoin or so, for them to exchange such amount for a pizza and fiat it means they had more than what they gave away.

Moreover such were meant to happen for people to see the possibility of trading/carrying out transactions successfully with Bitcoin, those are iconic Bitcoiners who contributed to the adoption of Bitcoin.

You just bought back the early days of Bitcoin when it had no value then in fact when people sold their bitcoin for no value, when people brought pizza for 10,000 BTC, having to compare it to now that it is worth over $100k even at 0.1BTC was a real life time changing money for many now…

So anyone that is holding such large stash of bitcoin today knows what they are holding, they have indeed understand it worth and the scarcity with it potential too…but my question is why is that the more you understand what Bitcoin is the harder it becomes to get? Or let go of?

In every movie there is always a hero who pass through pains before the others get to enjoy, the truth is that if bitcoin had failed and gone to zero, people like Martyi Muslim (Sirius), Laszlo Hanyecz who key in so much of their lives, times, wealth, people would probably be calling them foolish names on the internet, but because bitcoin succeeded  now we call them legends and to around it up with pioneers….

It just sound funny that this is how life works in general, people will come to celebrate with you when you have made the fames and all the money, people celebrate you for the risk you took not for the hard work it self….

Well, you might be right because while I was writing this thread as well, it came to my mind that what about the first transaction that was made by satoshi to Hal Finney? If you look at the history behind that, it was intended to test for how the transaction could be and that is why satoshi took it a responsibility to first send to Hal.

But on this, Martti Malmi 5,050 Bitcoin does not suggest being the first transaction to be made, but but as you have already suggested that it paved away to making bitcoin transactions with Fiat, this talks more about exchange of Bitcoin to Fiat or from Fiat to bitcoin has be all have it in crypto trading today.

You can imagine how he traded about 5,050 BTC for $5 and calculate if he had been holding to this day, which makes me think of many will rather discuss more of the value as at then compared to holding to this time, but it actually make the paved possibility we all enjoy today in Trading Bitcoin, aside his other success profiles relating to Bitcoin.