Many cryptocurrency gurus have probably already heard this story before. But many casual observers probably don't know it... Here you go about the story (written by someone else) that has made an important mark in the Bitcoin history!!
In May 2010, back when bitcoin was a little more than a year old, a Florida man named Laszlo Hanyecz – a Hungarian immigrant, an early bitcoin "miner," and a contemporary of the pseudonymous bitcoin inventor Satoshi Nakamoto – wanted to prove a point.
Hanyecz wanted to show that you could buy something with bitcoin.
So one night, from his home in Jacksonville, he logged on to the BitcoinTalk message board, a place for early bitcoin enthusiasts to talk online. And he made an offer...
Hanyecz would give 10,000 bitcoins to anyone who would send him two large pizzas. Here's his original post...
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What happened from there is now digital history...
Hanyecz got his pizzas – two large pies with all the fixings from retail chain Papa John's. In exchange, he sent 10,000 bitcoins (then worth about $41 in total) to a 19-year-old American named Jeremy Sturdivant.
The obvious punchline to this story is that those pizzas turned out to cost more than $530 million. If you're feeling "FOMO" right now, this might soften the blow...
Sturdivant sold the 10,000 bitcoins not long later – when they reached $400 in combined value – to help pay for a trip. He figured making a 10 times return on his investment was pretty good.
And Hanyecz sold all of his bitcoin before it reached $1 per coin... to buy a new computer.
You may think this Hanyecz is pretty stupid, but please don't be so smart! With hindsight, everyone can be a genius. I would think no one in the world would have expected in 10 years Bitcoin could jump million times in value from a few cents to over $60K. Even today with Bitcoin being so valuable, how many people really own any bitcoins? Also, we still hear many smart people calling Bitcoin a fraud, or worth nothing, right?
I'm certainly not that smart to understand the thoughts of those smart people. All I know is that Bitcoin is becoming a more and more valuable asset to own, an asset of digital gold that can fight fiercely against the hyperinflation that is doomed to roar back in the years to come. I will learn the priceless lesson from those early pioneers like Hanyecz and won't easily trade myself out of bitcoins and other cryptos that I'm holding. After all, this is the asset that has the greatest potential for an explosive growth. I have already got a good start and it will really be a shame if I let it slip from my hand!
Here is one portfolio of my crypto holdings that has shot up nearly 10 times in the past year. Can it shoot up another 10 times? I don't know but I have a good deal of hope for it. After all, blockchain as a whole is still in its infancy, similar to the time of the early 90s for the Internet. While most of the cryptos probably won't survive long, those that do survive will bring a lot of wealth to those brave pioneers. I wish I'm smart enough to be one of them!😄😇
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