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What is Bitcoin Pizza Day?

Ah, 2010, the year of video games and endless fun with friends. Picture it: late nights spent in an internet cafe, with a cold soda in one hand, and a slice of Meat Lover pizza in the other. What a time to be alive!

But hold the marinara sauce – little did I know that 2010 had a secret ingredient simmering in the background: Pineapple. Oops, I beg your pardon, I meant Bitcoin! Yep, that magic internet money we’ve all come to know and love. Back then, though, people scratched their heads and wondered, “What can we actually do with this stuff?” Then along came Laszlo Hanyecz, with a bold idea: “Hey, I’m gonna buy some pizzas with my bitcoin!”

“I’ll pay 10,000 bitcoin for a couple of pizzas… like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later,” Laszlo Hanyecz wrote. Me too Laszlo, me too.

Now, you can imagine the reaction. People thought Laszlo was a bit cheesy. I mean, who in their right mind would accept abstract money? Yet, someone took him up on the offer, and that was a game-changer. The purchase was the zero-to-one moment for Bitcoin as money: Bitcoin is no longer just some fairy tale and numbers go up, it had real-world buying power!

The origin of Bitcoin Pizza Day: a picture of Laszlo and his family

What’s better than enjoying bitcoin pizzas with your loved ones?

Bitcoin as Inflation Hedge

Fast forward to today, and those 10,000 bitcoin Laszlo forked over for pizzas would be worth a small fortune! But let’s not get lost in the dough. While many have written an extensive recount of the history or ponder around the value of those two pizzas in today’s dollars, the event represents much more than that.

If you think about what the transaction means, it’s the birth of a censorship resistant money. Laszlo didn’t need to ask anyone’s permission to purchase a pizza with Bitcoin. As long as someone agree, he could feed his family. And so do we.

Bitcoin isn’t about making rich people richer; it’s a once-in-a-lifetime opportunity for everyday people like you and me to regain our financial freedom.

Consider Bitcoin as a lifeboat cruising through the sea of financial uncertainty. There’s only a finite amount of it, so as time sails on, it actually becomes more valuable. Bitcoin savings is like having your own personal time machine – everything you want ends up being cheaper down the line!

Meanwhile, fiat currencies, like dollars and rupiah, are at the mercy of banks’ printing presses. They can churn out cash faster than you can say “inflation”. Meanwhile, not everyone has access to financial markets such as stock or bond. There are gatekeepers. Even someone who has access to those markets may not have the capacity to keep up with the complexity of economic circus, so we ended up have to trust those who claimed to understand them. I mean, saving our purchasing power isn’t supposed to be this complicated, is it?

Money Printing: A Path to Inflation and Bitcoin as a Solution

And here’s the topping: Bitcoin isn’t just any lifeboat; it’s a digital lifeboat! Compared to the traditional assets like gold or properties, Bitcoin has the characteristics worthy of being called the best money: it’s sleek, it’s portable, and it doesn’t care if you’re a big shot or just getting by – just like pizza, it’s for anyone.

So, on the upcoming Bitcoin Pizza Day, let’s raise a slice to Laszlo and his pizza-craving mind. Many-many bitcoin transactions follow from this cornerstone, are you joining? Here’s to the future of money – a future that’s as tasty as a fresh-out-of-the-oven pizza! Yum-yum! 🍕🚀

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keyplebkeyplebFebruary 14, 2024

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