Sin
2013-04-28 17:44:28
http://www.thehollywoodgossip.com/2013/04/2-dollars-million-pizza-how-one-man-paid-way-too-much-in-bitcoin/
What does a $2 million pizza look like? Does it have gold leaf and saffron-infused white truffles?
Is the cheese made from the milk of a thousand duck-billed platypuses?
Is the sauce the really good Newman's Own stuff with the garlic and basil?
No! None of that! It looks like this:
According to Motherboard, the pizza was purchased by Mike Lazio back in May of 2010 using an online currency called Bitcoins (BTC). 10,000 BTC to be exact.
At the time, a BTC equaled about .3 cents, meaning that Lazio spent about $30 on it when he took to the Bitcoin forum to make an offer: you order me pizza in the real world, I'll give you 10,000 BTC.
It was the first time a real-world transaction had actually occurred using the virtual currency, and is believed to have sparked the intense inflation that has caused one single BTC to rise to about $234.
So do the math: 10,000 BTC at $234 each means that if Lazio had kept that money instead of spending it on Pizza, he'd be sitting on an extra $2.34 million.
Hopefully he enjoyed the pizza. I bet he could have found a lot of homemade pizza recipes that cost a lot less than $2.34 million to make.
What does a $2 million pizza look like? Does it have gold leaf and saffron-infused white truffles?
Is the cheese made from the milk of a thousand duck-billed platypuses?
Is the sauce the really good Newman's Own stuff with the garlic and basil?
No! None of that! It looks like this:
According to Motherboard, the pizza was purchased by Mike Lazio back in May of 2010 using an online currency called Bitcoins (BTC). 10,000 BTC to be exact.
At the time, a BTC equaled about .3 cents, meaning that Lazio spent about $30 on it when he took to the Bitcoin forum to make an offer: you order me pizza in the real world, I'll give you 10,000 BTC.
It was the first time a real-world transaction had actually occurred using the virtual currency, and is believed to have sparked the intense inflation that has caused one single BTC to rise to about $234.
So do the math: 10,000 BTC at $234 each means that if Lazio had kept that money instead of spending it on Pizza, he'd be sitting on an extra $2.34 million.
Hopefully he enjoyed the pizza. I bet he could have found a lot of homemade pizza recipes that cost a lot less than $2.34 million to make.