Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases

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Happy Bitcoin Pizza Day! Before you dial in for a margarita to celebrate the world’s first real-world bitcoin transaction, here’s a piece of trivia:

What do family vacations, 50 cent albums, steak dinners, and framed cat photos all have in common in Japan?

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All of them were paid with bitcoin (BTC) by members of the Cointelegraph bitcoin community! And like Bitcoin Pizza, which is worth 10,000 BTC, which is now worth over $300 million, the community’s bitcoin purchases have also skyrocketed.

Benjamin de Waal, VP of engineering at bitcoin exchange Swan Bitcoin, told Cointelegraph, “I Spent 7 BTC on a family trip to Japan a few years ago.” Today, 7 BTC is worth over $200,000 – but Ben is happy because his kids are happy:

“It would have been worth much more now; But I don’t regret it at all. A good childhood filled with adventure, fun and learning is priceless.”

Scammer Vigilant Felix Chrisan told Cointelegraph how he once spent 50 BTC (worth $1.5 million) in 2015 to develop a new software module for his company. Chrisann said in 2016:

“Let’s not forget about 1BTC ‘spent’ betting who is going to be the next US President.” […] Of course, I didn’t win.”

This is a $30,000 bet on the current market price of BTC.

Cointelegraph editor Jeffrey Albus shared that he parted ways over a steak dinner “sometime in 2011 or early 2012” to demonstrate the peer-to-peer capabilities of bitcoin.

“We paid 15 BTC – 12 for the meal, plus left 3 BTC as a tip (which the waitress threw away.)”

Even worse, ten years ago the value of 15 BTC was so small that it fell short of the total bill: Albus had to top it up with the good old greenback. Bitcoiner-appropriate steak dinners are now worth half a million dollars.

In a word to the wise, Julian Liniger, CEO of Swiss bitcoin exchange Riley and a bitcoin maximalist through and through, told Cointelegraph that he “bought a bitcoin hoodie for 0.1 BTC back in the days, but that was the last thing. “—A hoodie worth about $3,000. He explained that “then it became so stupid of me that I could spend instead of stack sat.”

Meanwhile, the team at CoinCorner, the UK bitcoin exchange behind the contactless Lightning Network payment card, shared some stories. CEO Danny Scott bought the 50 cent album “Animal Ambition” with bitcoin when the market cap was around $600. 50 Cent famously “forgotten” they accepted 700 BTC for the album – let’s hope Scott forgets the missed profit too!

Molly Spears, head of marketing at CoinCorner, told Cointelegraph: “I bought a photo postcard of my cats […] for 0.009 BTC.” The $270 postcard was sadly not enough for Spears to keep it up; ‘I’ve lost them somewhere over the years – I would have proudly framed them!

Luckily, there’s “no regrets,” because it “makes a good story.” Plus, she shared a photo of the cats:

Molly Spear’s Cats. The photo postcard is sadly lost. Source: Molly Spears

CoinCorner’s software developer Matthew Ward, while “experimenting with bitcoin as a currency”, told Cointelegraph that he “launched the game City Skylines on Steam in March 2015 for 0.108 BTC.” You can be the judge whether the graphics are worthy of the $3,000 price tag:

City Skylines Gameplay. Source: themacgames.net

Finally, Didi Taihuttu, the father of the bitcoin family and sometimes known as the bitcoin tattooist, spent 2.75 BTC on a bitcoin miner in 2014. Taihuttu told Cointelegraph that “the strangest thing is that when BTC hit around $200, I stopped mining BTC and started mining Dogecoin (DOGE).” If he had BTC, he would have over $180,000.

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Taihuttu also shared that during their adventures as a bitcoin family, they parted ways with over 9 BTC ($270,000), which they described as “losing 9 BTC but gaining an amazing adventure”. .

And for those wondering what happened to the 10,000BTC Hanyecz spent on pizza, according to research from Cointelegraph, 5% of the total landed in a very wealthy wallet, while “some funds were destroyed” in a failed one. On crypto exchange.

The wealthy wallet that plunked down some BTC on the Honeys is in the top 15 richest wallets in bitcoin, accumulating more than 53,000 BTC. The total spent or sent from the wallet is 0 BTC: a certified bitcoin hodler.