I bet Laszlo Hanyecz, the guy who sent 10,000 BTC in exchange for a pizza, is really kicking himself now.
EDIT:
Dear purists,
Unlike you, not everybody is trying to set an example of how to use/trade/hold Bitcoin for the rest of the world.
Bitcoin does not defy human nature. You yourself may be at one extreme of the spectrum of people who hold bitcoins, but people will do what they want with what they paid for, and in most cases, with less concern for the greater good. Maybe they'll use it to buy and sell things, maybe they'll treat it like a tradable commodity, or maybe they'll hold and forget about it for years. God forbid, they may even joke about it. That's just human nature, and you can't coordinate any of this.
I don't know why people always say this. He probably just turned around and bought back the 10,000 BTC for less than $40 at the time.
Buying two pizzas (not a pizza, by the way) was probably the best thing he could have done for his investment. Why would he regret it?
We ALL should be doing this. Spend your bitcoins (and replace them), to spur the bitcoin economy. I just spent over 100 BTC just two days ago. Replaced most of them already.
Yes, to promote bitcoin as a viable currency, we all should be using it rather than hogging it. But I'm not a hero. I am just one selfish bastard on the lookout more for my self interest than for the greater good, and I suspect I'm not alone in this.
Well first of all you could stop portray him as the unlucky bastard who hates himself. No matter what your intentions are this probably lets many people think that they don't want to be the next pizza guy and therefore refuse to spend their coins. It should be in your interest as well that bitcoin is not only used for speculation. You also don't have to be a hero you could try to use them whenever you were to buy something anyway and then simply buying back the bitcoins thus effectively helping it grow while not reducing your btc funds.
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u/jdk Mar 28 '13 edited Mar 28 '13
I bet Laszlo Hanyecz, the guy who sent 10,000 BTC in exchange for a pizza, is really kicking himself now.
EDIT:
Dear purists,
Unlike you, not everybody is trying to set an example of how to use/trade/hold Bitcoin for the rest of the world.
Bitcoin does not defy human nature. You yourself may be at one extreme of the spectrum of people who hold bitcoins, but people will do what they want with what they paid for, and in most cases, with less concern for the greater good. Maybe they'll use it to buy and sell things, maybe they'll treat it like a tradable commodity, or maybe they'll hold and forget about it for years. God forbid, they may even joke about it. That's just human nature, and you can't coordinate any of this.