What goes around, comes around ... !?


Meet the Man Who Spent 10,000 BTC on Two Pizzas ...
- https://blog.coinmarketcap.com/2020/05/23/meet-the-man-who-spent-10000-btc-on-two-pizzas/

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Original bitcoin.org FAQ - snapshot Jan 14th 2010

- https://web.archive.org/web/20100114172032/http://www.bitcoin.org/node/1#What_is_Bitcoins_value_backed_by

Excerpt;

... "What is Bitcoin’s value backed by?

Bitcoin is valued for the things it can be exchanged to, just like all the traditional paper currencies are.

When the first user publicly announces that he will make a pizza for anyone who gives him enough Bitcoins, then he can use Bitcoins as payment to some extent - as much as people want pizza and trust his announcement. A pizza-eating hairdresser who trusts him as a friend might then announce that she starts accepting Bitcoins as payment for fancy haircuts, and the value of the Bitcoin would be higher - now it would be backed by pizzas ''and'' haircuts. When Bitcoins have become accepted widely enough, he could retire from his pizza business and still be able to use his Bitcoin-savings.

Currently, Bitcoin is in beta development stage, and some new features need to be implemented before the system is well suited for real use. The system already works on the basic level, though, and you can trade with it if you want to." ...

 

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"Pizza for bitcoins?" - May 18, 2010
- https://bitcointalk.org/index.php?topic=137.0

- https://bitcointalk.org/index.php?topic=137.msg1153#msg1153

- https://bitcointalk.org/index.php?topic=137.msg1183#msg1183

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The Broken - Episode 1
- https://youtu.be/tNjoo9TuCHY?t=551