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Board Beginners & Help
Re: Pizza sold for 10,000 BTC in 2010...
by
MorXpe
on 25/05/2013, 11:17:25 UTC
It appears that Gavin Andersen gave away total of 1'0000 BTC, an equivalent of 1'300'000 USD today ... Of course it wasn't all his money, he used to get donations to do this

The first 10,000 bitcoins were provided by Gavin. They were his own. Donations were in addition to that.

Now that's something. Or is it?

It's like an inflation vs deflation memory battle.

Now when you think that people used to buy a car for $1000 in the 50's, you think you're doing so much better than they did.
But truth is that $1,000 in 1950 had the same buying power as $9,728.86 in 2013.

When someone spend 10,000 BTC on pizza, an equivalent of $10 at the time, you think he's been robbed.