Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin was bought for the first time?
by
Vadimekb
on 29/06/2013, 09:35:57 UTC
The pizza transaction was an artificial construct where both parties perfectly well understood that at this point in time there was no market for Bitcoin. They have colluded to create an artificial transaction using newborn currency in which they both believed (because anyone with a brain after reading the paper could see that it is and genius and elegant system that could work).

They have artificiality bootstrapped market for trading goods and services for Bitcoin by demonstratively performing the first public transaction of this kind. The rest is history.


So why did they think that this artificial transaction will be important?

A we can see here http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate  ... befor the pizza BitCoin alredy had price. So why some one started to give money for bitcoin?)