Without Bitcoin Pizza Day, perhaps no one would have stepped up to use the peer-to-peer digital cash and bitcoin would still be still floating around as valueless, magic internet money, gckaloudis writes. Opinion for The Node newsletter
which were delivered to Hanyecz’s home. This exchange is widely celebrated because it is viewed as the first use of bitcoin in a commercial transaction with bitcoin as the medium of exchange.
This article is excerpted from The Node, CoinDesk's daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullObviously 10,000 BTC is a lot of money now, but it wasn’t in 2010. In fact, 10,000 bitcoins in 2010 bought you about two pizzas. Bitcoin would have no value if no one ever used it for anything, hence why Bitcoin Pizza Day is so important.
Suppose a technology company with four co-founders hires its first employee. That employee is paid a $50,000 cash salary and is granted a 1% stake in the company after their first year of service. That employee then decides to take a sabbatical to hike the Appalachian Trail and while there decides they don’t want to work for the company any more.
. Without Bitcoin Pizza Day, perhaps no one would have stepped up to use what Bitcoin's creator Satoshi Nakamoto called peer-to-peer digital cash as a medium of exchange and bitcoin would still be floating around as valueless, magic internet money for nerds .
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