At the time, it was said to be the world's first documented bitcoin transaction for a real world item. Bridging the digital world with the bitcoin pizza world. There is some debate as to whether it really was the first, but it certainly was the most famous.
This time he won't be spending 10, on his two pizzas, instead he will bitcoin pizza making the transaction using the Lightning Network. If you are not familiar, the Lightning Network is a bitcoin pizza layer built on top of the bitcoin network that will move transactions off chain. The result will be much faster and cheaper transactions. Though, currently it does actually look like things are getting closer to bitcoin pizza Network actually being somewhat close to being ready to use.
Laszlo made the purchase by getting his friend in London to "sub contract" out the delivery to a local pizza place in order to use the Lightning Network. Pizza for bitcoin atomic swap software bitcoin pizza not yet available so the transaction will have to be done a little differently than it hopes to in the future.
Laszlo showed the pizza delivery guy the last four characters of the hex string of his Lightning Payments hash preimage in order to match it with his. The exact process would not be copied, but the fact that it shows the Lightning Network can be used is a bitcoin pizza step in the right direction. Maybe eventually pizza shops will have their own lightning nodes and I can open channels to them directly.
For what I described here, probably not. Back at it again!! The lightning network will help take crypto mainstream!! Thanks for the post! I remember dismissing the first pizza day, I'm not dissmising this one! Back then mainstream media treated it as some stupid guy who bought 2 pizzas for worthless internet coins. Bitcoin pizza should have researched more into Bitcoin back them and not believe the loser journalist who wrote the piece on popular mechanics or popular science, can't remember which one it was.
They cost me several millon dollars, I never listed to the msm or do the opposite of what they say ever since The doubters will always doubt. When the price goes up they say "See it's a bubble! The rhetoric follows the sentiment of the market. Now I see the man behind the famous pizza bought with 10, bitcoin. He seems OK and Bitcoin pizza sure he can do a better decision this time.
The pizza looks good to eat I'm getting hungry: Lightning network is really exciting. This should reduce fees, reduce transaction times and getalky just make BTC more usable again. What I want to know is what did the bitcoin pizza shop owner do with the 10, bitcoin??? Why hasn't anyone done that story yet? Did he in turn spend it or hold on to it? If he held onto it, is he still making pizzas bitcoin pizza did he buy a large chain like Domino's or Pizza Hut?
I hope and assume he had plenty of bitcoin left bitcoin pizza he paid for that pizza. If I were him, I would try to fade into obscurity rather than call attention to the fact that he has crypo bitcoin pizza. If people think he owns a substantial amount of bitcoin, he's putting a big red target on his back for criminals, unfortunately.
People rob convenience stores for a lot less than 1 bitcoin. True, but the fact that bitcoin became worth so much is a testament to how bad of an idea it is to make currencies deflationary. No one wants to spend them. They aren't currencies at all. The current position of the bitcoin core team is that BTC bitcoin pizza now more of a store of value rather than a medium of exchange.
Perhaps that position will change if Lightning is successful. A limited, fixed supply is preferable if your objective is to be a store of value. The bitcoin cash team believes it's essential that bitcoin be a readily usable means of exchange accessible to all. Jim Rickards believes bitcoin pizza is doomed to fail in part because it is deflationary. I honestly think nearly all of the deflationary coins are going to collapse because they're bad bitcoin pizza being anything.
This man is truly dedicated to pizza! Don't get me wrong, I love pizza too my favorite food! But to spend over million on it! That is some dedication! And probably more than most people bitcoin pizza spend on food in their entire life!
Okay my best friend. Now in my place is at Tomorrow we meet again. Please visit my blog. It is amazing to me. This news is great fun of now. How the position of bitcoin is now! It is a success, you truly deserved. It is an achievement you have truly earned. They cant get the Lightning network rolled out quickly enough in my opinion. More and more real world applications will keep more and more people coming onboard. Better to own it than forever feel regret. I wish I kept bitcoin pizza 5 coins I bought in I do have part of those left though, so not all lost, lol.
Its great that Lazlo is still using Bitcoin and made this gesture bitcoin pizza support of the Lighitng Network. Yesterday I saw a video that shows technical and security shortcomings with the network.
Have you seen this information? I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare bitcoin pizza myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!
I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. This guy should include a QR code for his wallet so people can donate to him!
Poor guy even had to sell his paintings off the wall: Sir I'm biggest fan of yours I like to read you're post every time So it's more like he paid for us all. And that's just as newsworthy. LN bitcoin pizza going to bring transaction fees down and, right now, they are cripplingly high. I wonder if the pizza place held onto the coins I sure as hell wouldn't be making pizzas anymore! A manot problem with bit coin recently bitcoin pizza been the bitcoin pizza.
Its insanely expensive to make small transfers. I hope this fixes bitcoin pizza issues. The crypto movement would not be possible without real world purchasing power.
Bitcoin pizza new in steemit and I would like your advice about getting Steem Bitcoin pizza as you did! Did you paid for it? This actually makes me really happy, because the way this story is always presented is that bitcoin pizza person obviously must want to commit suicide bitcoin pizza all the bitcoins he spent on that pizza that one time.
I'm glad he's just a dude enjoying a pizza with his family bitcoin pizza showing off how far BTC has come: Excellent friend extraordinary information. I have learned more things that I did not know about this market and cryptocurrencies, bitcoin pizza for sharing, you give me a vote to support me, regards, success.
You have completed some achievement on Steemit and have been rewarded with new bitcoin pizza s:. Award for the number of posts published You published a post every day of the week. To support your work, I also upvoted your post! For more information about SteemitBoard, click here. If bitcoin pizza no longer want to receive notifications, reply to this comment with the word STOP. Upvote this notification to help all Steemit users. The bitcoin's main purpose is to be used as a currency but not as bitcoin pizza asset.
So what he did bitcoin pizza that time was something that bitcoin bitcoin pizza intended for. If people like him had not bought bitcoin pizza and used it as a currency, then may be bitcoin would not have become what it is today. They gave a purpose to bitcoin.
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