Meet the man who spent millions worth of bitcoin on pizza

In the early days of cryptocurrency, one man decided to trade his bitcoin for pizza. It was a historic event, but not such a great investment. See the full report on bitcoin here: cbsn.ws/2LVloHO
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[@tedlaughsatcreationists8108]

The guy is a hero. He did more for Bitcoin than almost anyone other than Bitcoins inventor. He was a major part of Bitcoins beginning.

[@chance4919]

Yeah, some people would’ve killed themself after making a purchase like that but he stuck with it

[@Ahmed-vs1ui]

Bitcoin wont have gotten that far without these pizzas...its kind of a paradox

[@JohnnyCab402]

I'm hopeful that some more well off folks have donated some bitcoin to him out of respect by now!

[@LexlutherVII]

actually The Silkroad and Hackers are to thank, without them BTC wouldn't have been famous nor constantly been on the news! 😂

[@ddemaree]

Right. Lazzo is an OG Bitcoin Developer who was in constant contact with Satoshi Nakamoto.

[@nokia88476]

They should also interview the business who sold the pizza for bitcoin

[@mrrobot8973]

Tenzin Hayer no business did. He asked on bitcointalk.org if anyone would be willing to purchase pizzas for him, in exchange for the Bitcoins.

[@nokia88476]

Thanks for the clarification

[@davidsi5376]

@@mrrobot8973 Yea but who purchased the pizza for him? I would like to hear his side! It would be interesting if it shows him as now billionaire living in some $30million dollar mantion! I would really feel sorry for this guy giving those bitcoin for just pizza!

[@ASSOpid]

@@davidsi5376 He purchased the pizza himself. When Bitcoin first started it was supposed to a currency. So using it like a dollar bill was common. I spent my Bitcoins buying games and video cards.

[@Jowers93]

Had he not proved btc could be used as currency then, today it would not have near the value it does.

[@Pennystockid]

Thinking like that is not really good for anybody.

[@codeoutofpoverty9109]

well yeah he knows he messed up but spending your life thinking about it constantly will shave years off your life.

[@AntoniusMondong]

I completely agree. Life goes on, move on

[@saif-al-islam]

Opportunity cost of $800 Million. I knew about bitcoin back then too but didn't buy. Am I gonna worry about it? Nahhh. Terrible way to live.

[@djpaulywood]

So have you bought since :)

[@snipes7054]

Lol me too i remember hearing about this about how he bought the pizza. But oh well. Woulda coulda shoulda.

[@hulmothoriumnetwork9527]

You guys are going to start laughing when bitcoin hits $1 million, then he will have both a pizza for the GDP of Switzerland, many years after that it may be worth nothing it may be worth 10 times as much it’s all irrelevant. It’s such a long time ago, I don’t think it was opportunity cost. It was the first actual transaction which initiated a revolution worth much more than the opportunity cost.

[@glipk]

Same here

[@matttafakt]

I'd ask for a refund !

[@carljohanson3895]

@@cryptoinformation4075 bot

[@mrantihippie]

He has already stated he has no regrets. To me, he has cemented his name in history more than any commenting ever will.

[@davidsi5376]

True! His name will go down in history! A small (big!!!!) price to pay for internal glory!

[@LaSombraa]

He would’ve sold the bitcoins the day it hit $10, even $50, even $100. There’s no way he would’ve held to $800M.

[@unggoymuffin9163]

This is got to be the saddest story from a funny title like that

[@rabbitphobia]

Well to be honest this story makes me feel better about my past bad money transactions.

[@davidsi5376]

This guy should be in commericals for that pizza company! His transaction was very popular and the pizza company should use it.

[@josebautista552]

Pizza so good, you would pay millions for a bite

[@trevorleeoakley7434]

One man dumped a PC with BTC keys - now worth 80M USD - he spent years looking in dumps for that PC.

[@porker9597]

Trevor Lee Oakley who?

[@KSPravin]

A true legend who still stands for the quotation, "Money can't buy happiness."

[@jsema100]

Hey.. But it can buy Pizza!!

[@Bk1_sk]

This man is going to think about what could have been for years.

[@ghbnhghjk]

A 40 second clip is pretty pathetic

[@alltogethernow2738]

Poor guy, it's a tough position to be in

[@MyNegativeCreep]

He probably has still X bitcoins. A believer of the first day. Great dude!

[@thehifiguy945]

"Do you ever wake up in a cold sweat and think to yourself, man, I could've had $800,000,000 if I didn't order those pizzas?" "I think thinking like that is not really good for me..." Translation: I've been near suicide ever since and try to just think happy thoughts about my 40k annual salary as a software engineer whenever the darkness starts to creep in... 😆

[@timar4o]

I am sure he have, had much more than 10k BTC. I think this guy could had at that time more than 40,50k BTC. Like he said, at that time btc was worthless.,less than a penny. Let me give you example.Imagine one guy walking to the near forest every day, and every time he come back he brings sticks from wood. After few months, when the sticks became a lot, ocupying his whole garage he puts advert that he is selling them. Somebody reply to the offer paying him the amount of money of the 2 pizza ~30$ and they make a deal.

[@the_anfield_roar]

Its a lie, if Laszlo had 10000 bit and sold it for a pizza, I am sure he would have had more. He believed in the future of bitcoin and sold those coins to prove bitcoin could be used for transactions. Why would he sell all his bitcoin and have none left. Bitcoin was hard to mine back in the day. It probably cost him hundreds of dollars to mine the bitcoin 10000 bitcoin, if so why would you sell it for $40?. Its all bull, bitcoin was created by the U.S government.

[@Genesismining_official]

It was great having you at our facilities. We are curious to see the final result!

[@northseapirate2313]

He might not be rich, but he is like the first person who actually used bitcoin as money. That counts for something.

[@BlizzardPeak]

Here’s the thing. You can’t regret it. Like right now I have 500 stellar lumens, and there worth 5 cents each, sure I could use like 200 and buy a pizza. Because that’s what it’s worth. Who knows what it will be worth a decade from now. Maybe 0 maybe $1,000 a lumen. It’s all unpredictable. That being said if I want pizza I’m using USD not crypto lol.

[@anorexicpitbull4714]

stellar lumens lmao. No that will never reach $1000 let alone $10. Its been around for a long time and still no meaningful adoption of stellar

[@BlizzardPeak]

8SecSleeper 10 cents each. Yeah, I don’t have any. Ended up getting out of crypto, not that I had much to begin with.

[@consciouslyaware5275]

On Pizza?! Who eats THAT much Pizza?! smh

[@jimihendrixx11]

Well he created the first market for it which is invaluable

[@thecollector8703]

When I'm feeling down I watch this video

[@JianAwe]

you are a legend to the mass adoption of BTC to the world on this earth...

[@peterpetrov6522]

He is still a multi millionaire in Venezuelan bolivars!

[@phillipswerer9418]

When this airs I wonder what the price will go to in the following 48 hours

[@RawTopShot]

Phillip Swerer More importantly... When WILL it air? Price rise due to pre-emptive speculation that the show will be positive toward the subject is already here. Price dump is also likely mid -show airing by those same people should it become clear the show has a negative slant on things. I always hear the ill thought out hatchet job on bitcoin about it being for crooks and villains... Used by the underbelly of society... ( and no doubt it is to some degree )... Just like.... Ooh you know... US Dollars! ( and every other means of exchange throughout history ). I know which one is more traceable with every single transaction ever immutably entered forever on a world wide ledger that ANYONE can view at any time. Hardly the choice of a criminal organisation.

[@PatrykPabo]

same story today, tomorrow you will regret of spending any btc

[@RawTopShot]

Patryk Pabo 2009 ooh if I could just get myself a couple hundred thousand bitcoin... 2015 oooh if I could just get myself a dozen or so bitcoin... 2019 ooh of only I could buy a few bitcoin.. 2020-24 oooh I wish I could buy one hundredth of a bitcoin... 😥

[@PatrykPabo]

@@RawTopShot very true!

[@avrahamavraham5977]

He didn’t spend 800 million he spend few $

[@GraphicArtist115]

Lies

[@futuresocieties.]

One way to think of it, it's not a good way of thinking the other way lol as said twords the end.

[@ImaVagbag]

80 million not 800

[@mconstant007]

At the time that was true. If you had a whole bunch of penny stocks and sold them for pennies to buy pizza you still just paid ... The cost of the pizza. The whole pennies increasing in value by orders of magnitude... Takes a crystal ball...? Even if Bitcoin's genius parts were obvious for some early adopters... Always there was the question of whether people would buy into the mass acceptance that currency needs to guarantee value.

[@samalheid6630]

@@ImaVagbag he spent 10k btc on those 2 pizzas. Later he would spent up to 100k in pizzas. he probably ran out of BTC, judging from how his office looked like at the intro of this video

[@ericp1139]

Though, if he never bought that pizza, Bitcoin probably would not have had a cost basis in the real world. It was that pizza that gave it a real price point. So, if he never spent that BTC, the price would still probably be a few cents?

[@RawTopShot]

Eric P That's pretty insular thinking Eric. The value stems from the fact it's immutable, nobody, no one government or bank own it or control it's value, the people do. That was the huge reason it came into existence; giving back control. As a form of exchange in its current state it's not ideal, but it's a great store of value. People are starting to use it to buy real tangible physical goods and services. JP Morgan, Golman Sachs, Citybank, Chase, Fidelity, ICE, Cboe, CME, Rothschilds and many many other huge financial institutions see the appeal of a financial instrument that can be traced and followed, traded, exchanged for other things. Money (fiat not backed by anything) is just numbers created endlessly on a whim of a bank or government, devaluing existing fiat money in the process, ever more to share around. Bitcoin with its fixed limited supply of 21 million in the entire world ( and already an estimated 4 million "lost" through error by owners forgetting wallet keys, dead hard drives and such where the owners had not made back-ups on other hardware or failed to create paper wallets (the required data written down) etc etc Each owner become their own bank, they have sole responsibility for security and safe storage of owned assets.

[@ericp1139]

RAW TOPSHOT read my comment, bro.

[@JackNapi3r]

@@ericp1139 You're right Eric, don't mind the guy he is a fool

[@Pv2qso]

you do what u need to do !

[@CHEEKDESTROYER]

This man has the strongest mind I've ever seen, knowing that I wasted 9 digits on pizza, i seriously think i would jump off of a building, that's a lifetime's worth of money, and he doesnt even seem to really regret it

[@jh7747]

Maybe bcoz he had more he kept secretly

[@CHEEKDESTROYER]

@@jh7747 or maybe not

[@Alextheskater91]

You can’t miss what you never had.. just move on and keep living your life how you normally were.

[@CHEEKDESTROYER]

@@Alextheskater91 I mean ya but you can regret a missed opportunity, and I seriously would be

[@Alextheskater91]

@@CHEEKDESTROYER why torture yourself? I coulda been a millionaire because my local liquor store won. So what? I didn’t buy the lotto that day. Idc. Money doesn’t define my life. Remember… money is the root of all evil.

[@rakesh3372]

which year was this?

[@xrpbold6264]

Guys please dont ask this question to him, i know what he feel, he can become werewolf in a seconds if he imagined what had happened with the bitcoins he spent.

[@tijngerrits2523]

6,4B now

[@dmnck70]

m-my condolences...

[@zenx28]

Man i can feel his pain going into the future.....dayuumm.

[@cuetheplanesound8110]

Super Saiyan Bullish

[@mconstant007]

Because he bought those 🍕 s Bitcoin is where it is. He was the first to buy stuff that was not trivial with BTC. I like his story in Chapter 4 of Nate Popper's book, 'Digital Gold'. Thank you for being a pioneer, Laszlo. And I understand the sentiment since you discovered a way to get a better mining results than others with clever programming and the clever use of alternate hardware and had correspondence with Satoshi encouraging more egalitarian behavior. Distributing wealth and encouraging the project was just, and historically significant. What is the value of that? It is beyond dollars and cents and in the realm of legendary behavior.

[@motaaaa]

Tbh, he did the right thing, nobody could predict some internet coins worth nothing would become really valuable years later, at least he got pizza, if bitcoin didn't catch up he'd be a genius

[@Brikzilla]

In reality it’s almost guaranteed he didn’t spend all his btc on the pizza even if he paid 10k of them. He even thought his original offer was maybe too low and offered to pay more bitcoins if necessary

[@user-zp5pb7uo2d]

god bless you

[@EdwardiusMcAndriez]

I heard about Bitcoin a long time ago, and thought like most people, that it sounded like a great way to lose money. This dude at least dabbled in it.

[@PrincessofKeys]

Id say at least buy 1 dollars worth to see how much it would grow years later

[@driver55]

When you think back and wonder which was the biggest life changing choice that you wish a redo. 🤔🤔🤔. But then again hindsight is 20-20.

[@RoyalHim]

Where's the man who sold him the pizza?

[@FrostySteeez]

Probably hiding far far away.. like he should be

[@heath6969]

i think he probaly sold when it was 1 or 10 dollars maybe 100.

[@thehifiguy945]

Plot twist: He, too, sold his BTC for pizza 6 months later when it hadn't appreciated yet.

[@anticharlatan5823]

Pizza Day X is tomorrow, so I'm revisiting this video. This is the guy who got the 10,000 bitcoin en.bitcoin.it/wiki/Jercos

[@MrCyanblood]

he can still recover his losses by buying more bitcoin now

[@BasitAli-ie2bq]

The best thing is that he doesn’t even care about it. What’s done is done.

[@scrynoza4914]

Damn i feel sorry fo that guy

[@aspd8322]

It’s like thinking , if only I would of held Amazon at 30$ a share ,WKHS at .50cents or Tesla at 20$ ,Etc... could go on but it hurts to remember

[@DragonXDrei]

Actually, the real heroes were the people that made the series Almost Human. Back in 2013 these guys predicted that BTC will be worth billions and the currency of the future. Look it up... I had a chuckle back then, thinking "yeah right, as if".

[@charlesmarkette]

No mention of how much he still has though? Why is it only 40 seconds wheres the full interview

[@chrisiden1]

sunday is interview on television

[@RawTopShot]

chrisiden time?

[@cryptokris7424]

He could always buy HST decision token.

[@toniduenas7223]

Since he mined Bitcoin do you think he had some more on the side?

[@edstar01]

Glad with his last response! Obvious he has lost sleep, depression etc over this, knowing you could of been a BILLIONAIRE!

[@the_anfield_roar]

If he was a bitcoin miner, there's no way he would only 10000 bitcoin

[@GunsmokeZ_]

Think about that you could of bought 500 mil+ for 40$ 11 years ago😭

[@sanbetski]

Those are pretty expensive pizzas

[@schawnettarobinson8584]

I would be too depressed.

[@lucasamorim2735]

This guy is way too cool to not have any bitcoin

[@applepie3800]

I had 4 bitcoins back in 2011, But I can't remember my credentials LOL

[@bitcoinaffection6144]

I can relate ! I had bought around 15000 Bitcoins back in 2010! Had them seperated on 3 adresses. Can't remember two of them :(

[@BlizzardPeak]

@@bitcoinaffection6144 yikes you got a lot of money sitting in a locked account somewhere

[@mclilzenthepoet2331]

@@bitcoinaffection6144 get a hypnosis sesssion youre gonna remeber the credintials then

[@coolinspirefunnybook1289]

im sure he actually got rich too by save some bitcoin worth hundred millions now that he not spent for pizza.he just being low profile and being a hero at same time for make first purchase using bitcoin.

[@boogiedownnyc]

I feel bad for him. But he moved Bitcoin forward. Is there a fund to donate Bitcoin to him ?

[@noobmaster363]

Nah, but he has BNB fund because he believes BNB is the next bitcoin

[@bri4njeff3rs0n]

This has never been more true

[@BobbyHo2022]

I hope he kept some.

[@Imurge]

0:37 thinking like that isn’t really good for me 😭 😭 😭 😭 😭 😭 😭 😭 😭

[@Smith6265]

Wow 🤩

[@williamrunsatlanta9491]

Most people didn’t know or hear about Bitcoin until 2012-2013 after it started to move up imo, why didn’t these earlier traders/ hodlers take it serious since they knew it was created to change the money system around the world. To me they should have been just as serious even though it was worth pennies at the time.

[@riskit101]

hes not bitter bc plot twist hes satoshi and has 1 million btc

[@russelluk5980]

I have to say that I was very disappointing in the main 60 minutes program on Bitcoin. It was quite obvious that the program was more interested in portraying Bitcoin as some kind of high risk transient investment that made some people very rich but has no real credibility. It had the expected focus on those that run it don't really know what they are doing followed by a female governor from Central Reserve telling everybody how the dollar is so much better in that it is regulated and protected by so many systems. It also focuses on one early Bitcoin adopter who ends up in prison for a year. Finally the last scene is cleverly edited so that Anderson suggests that people will look back in time and like email think that it was stupid to even question Bitcoin and then they cut back to the supposed female protagonist stating that it is quite possible to see crypto currencies "totally flame out and die". Seriously if 60 minutes are going to do a program like this can they at least provide a balanced view on it instead of filling people's heads with the obvious anti crypto sentiment that is held by the producers of the program. I think everybody saw from the financial crises of 2008 how little we can trust the financial system, bankers and the government and Bitcoin is at least an attempt to allow for some kind of financial independence with individuals. Why could they not demonstrate some of the advantages of crypto currency and show a little more forward thinking about how everybody can benefit in time. If only the program could have portrayed a little more what the vision was for Satoshi and what Bitcoin is meant to be.

[@eddieoconnor354]

What else can he say? It's either blank it from your mind or live in regret. Personally, I couldn't get up and go to work if it was me. I have crypto and just leave the wallet alone, checking it once a year to see if I hit the big time.

[@tabrani6957]

Good

[@mchanneltune3545]

This guy probably satoshi nakamoto

[@SeazonHDx]

They should add this poor dude bitcoin address in every video description i'm sure the internet would give him back.

[@IncognitoDomo]

Nah let him feel it 😂

[@emilyorton6304]

If I were his wife I'd be furious.

[@Al-vw8qt]

$800 million is lot. i can see his disappointment in eyes.

[@Chaos1-2]

Gosh leave him alone media . We are aware of him 🤣

[@cometome3162]

and how the pizza shop dealt with the btc afterward? Interview : A pizza shop owner who kindly let their customer exchange 10,000btc for two pizzas and sold the btc immediately.

[@Mixwell1983]

He traded the bitcoin and someone online used their card to order the pizza for him. It wasnt a business that he gave the bitcoin to

[@ASSOpid]

@@Mixwell1983 No you could exchange the Bitcoin yourself and get prepaid debit cards.

[@JorgePizarroFilms]

His face is full of regret

[@theamazingDrBob]

Big deal. I spent $20 billion on cookies.

[@petercheek]

Did anyone find out who actually received the 10k BTC and facilitated the dominos purchase with their credit card?

[@jonatanwigerup2450]

Yes. I dont remember his name, but it was a programmer who bought two pizzas and got his 10 000 btc. The guy sold them off when btc hit abt 400 $

[@anticharlatan5823]

This guy en.bitcoin.it/wiki/Jercos

[@GraphicArtist115]

Lolololololol his face

[@Dominik26628]

get the calc ffs - not 800 ml $ but 80ml $

[@samalheid6630]

the interview took some parts out. He spent 100k in more pizzas later

[@equesdeventusoccasus]

Seriously, can you please make videos with an entire segment in one video? Surely you are not worrying about upload time. This is annoying.

[@kapp651]

Did he have any more bitcoin remaining? He still could have profited.

[@Bendaak]

Surely he kept a lot of Bitcoin and is still a multimillionaire?

[@jgonz1325]

if you alter history it will never play out like it did. Those 10,000 bitcoins would be worthless if they were still in his pocket. Him spending those bitcoins created a chain reaction, a $1.4 billion reaction.

[@MaximusDC406]

I just bought a large pizza 🍕 for 0.00125 BTC today 🤪🤣

[@cryptogod6921]

Bruce Doan - MyLifeIn4K if btc goes to 1 mil, future generations will also laugh at you.

[@PatrykPabo]

you will regret one day my friend :)

[@Uzzielchavez]

That’s like 10$ worth of bitcoin lol

[@flavius22]

He did not spend millions, Einstein

[@melosss6758]

I see something in his eyes, maybe, what if this guy is the creator of bitcoin

[@a-td9yz]

He still might have Bitcoin

[@jsema100]

Thinking like that is not good for you at all mate.. Not everyone is born to be a millionaire..

[@timminh468]

What was the most expensive food you've ever eaten?

[@fightington]

update: 550 mill. The price of bitcoin reflects the printing of $ More money printed since covid than the history of the dollar. Inflation has been here in real estate and stock for decades.' Protect yourself and your family from the Fed, an institution that wants to keep you poor and in debt Bitcoin has no top becasue the dollar has no bottom. It will move in cycles, this one ends in September. Keep stacking, it's us vs the money changers, this is biblical

[@LamGorYun]

someone give him a bitcoin

[@bobiborisov6784]

In a way it’s not bad because if he dident spend it on pizza it would have probably been on something else

[@djpaulywood]

I spent around 10k trx during nitron in sf ca - it was all gains so it wont matter to me. We should be spending our crypto also - if everyone hodl 100% it would be worthless.

[@birdweon]

*stonksn't*

[@MKxpl]

makes me feel better about the 100 bitcoin i sold for 500$ :D sad sad sad

[@GontaGoop]

He is dying inside

[@erwinrnasution]

tanpa dia, BTC gak ada harganya...

[@aliraza6605]

❤

[@danmac0]

Cheesus...

[@aldrocherres6224]

that pizzas are very cheap