|Posted by firstname.lastname@example.org on May 22, 2019 at 5:40 PM||comments (0)|
Bitcoin Pizza Day represents the initial real-world transaction made out of Bitcoin when Laszlo Hanyecz bought two pizzas with 10,000 BTC. In the past, each coin cost $0.03, and both pizzas were well worth $30.
Today marks the ninth year anniversary that the first Bitcoin transaction took place, where a Florida man by the name of Laszlo Hanyecz made an exchange of 10,000 BTC ($BTC▼0.82%) for two pizzas.
The transaction made global headlines and since that time, cryptocurrency enthusiasts across the globe have celebrated 'Bitcoin Pizza Day,' not because the man in question paid 10,000 BTC, but because the transaction symbolized a milestone that would become a historic basis for future transactions with Bitcoin and would further solidify a global adaptation to Bitcoin and other cryptocurrencies.
While shopping for pizza with Bitcoin doesn't seem too far-fetched nowadays, it was relatively major deal at that time because no product owner acknowledged cryptocurrency or Bitcoin, for that matter, as a means of payment.
On May 22, 2010, when Bitcoin was a little over a year old, programmer Laszlo Hanyecz paid out a fellow Bitcoin Talk community forum - the main gathering spot for bitcoiners at that time - 10,000 BTC in exchange for two Papa John's pizzas. The amount compensated equated to about $40.
Hanyecz posted uploaded:
I’ll pay 10,000 bitcoins for a couple of pizzas... like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!
Another user, referred to as "Jercos", approved Hanyecz'a offer. To perform the deal, Hanyecz delivered the Bitcoin to Jercos, who then ordered the pizza.
Since Bitcoin’s debut, Hanyeczs' pizzas have gotten increasingly more costly. Approximately nine months after the pizza was purchased with Bitcoin, Bitcoin hit parity with the united states dollar, making the two pizzas worth $10,000.
In celebration of it’s five year anniversary, the Bitcoin Pizza Moment was noted where, both pizzas were highlighted in a mouthwatering $2.4 million. Just last week, Bitcoin surpassed the $8,000 draw for the very first time this year. In other words, you would have to spend a salivating $80 million in order to arrive at the same purchase amount.
Since that time, Bitcoin users can now buy just about anything ranging from houses, cars, boats, vacations, precious metals and stones and many other products, goods and services.
To obtain a snapshot of the History and Growth of Bitcoin and other Cryptocurrencies, request our report entitled, The History and Growth of Bitcoin. Also, if you are new to the Bitcoin and Cryptocurrency space, we recommend that you read the book entitled, Understanding the Basics About Bitcoin and Other Cryptocurrencies, the beginner’s 101 guide.
We also offer informative information about Bitcoin and other cryptocurrencies on our Cryptocurrency Blog at Shabang.com.
Article By: El-Princess and El-Ivan Taylor
|Posted by email@example.com on June 4, 2018 at 6:00 PM||comments (1)|
In recent years, “Bitcoin” has become a "buzzword" that mainstream media has obsessed about. But only a small percentage of the world’s population knows what Bitcoin is and even less can explain, with clarity, how to use it.
When I first heard about Bitcoin and other cryptocurrencies, I realized that this was a new technology that would revolutionize money and completely change everything. I knew that this was going to be something so big that it would have a major impact on the current banking systems and would change how people interact financially. As I delved in and found out that the blockchain cannot be stopped, I was confirmed in my belief that cryptocurrency is here to stay. I began to realize the urgency for people to embrace cryptocurrency, and it became apparent to me that those who do not or will not embrace this new technology would be left behind. This new technology allows people to have more control of their money by allowing them to be their own bank. Those who choose not to learn about it will be at a loss. People who embrace this new technology early will not only have a competitive advantage, but they will be more prepared to handle the future changes that will depend on their knowledge and ability to function in this new technology, and they will be able to thrive.
Since cryptocurrency is NOT going away, I knew that this was something that I would have to wrap my mind around so I delved in head-on and decided to write a 101 guide for beginners entitled, “Understanding the Basics About Bitcoin & Other Cryptocurrencies, The Beginner’s 101 Guide”. As a little girl being tutored in algebra, “I remember being told to, “Learn something well enough, so that I could teach it to someone else.” Now, over 35 years later, I am still inspired to learn something well enough to be able to teach it to someone else.
With that in mind, I wrote this book because I felt that it was high tide for a cryptocurrency book that was short, to the point and offered enough detailed information in layman’s terms so that even the non-technical and non-collegiate person could understand it. I wanted the book to be concise but also provide the basics about Bitcoin and other cryptocurrencies in a detailed and thoughtful approach that is mindful of the newbie who may not be technically savvy.
The book is designed as a manual/handbook for those who want step-by-step instructions for the 3 most important things you’ll need to know to get started;
1. How to open a wallet,
2. How to buy cryptocurrency,
3. How to determine the most effective storage solution for your cryptocurrency.
You will also find FAQ’s which address the most pressing questions about cryptocurrencies. This concise guide is sure to be a hit with those who seek a more comprehensive and simplified approach to understanding Bitcoin and other cryptocurrencies. Don't miss it. Pick up your copy here at www.Shabaang.com or visit: Author's Page at Amazon: https://www.amazon.com/El-P.---El-I.-Taylor/e/B07D52XWXG
Article By: El-Princess and El-Ivan Taylor
|Posted by firstname.lastname@example.org on May 16, 2018 at 8:35 PM||comments (0)|
For those of us who have taken notice of the many drastic changes that are taking place around the world, one of the main topics which seems to keep reoccurring in the news, on our jobs, in various social medias and even in conversations with our children, is the subject of cryptocurrency. Unless you’ve been hiding under a rock, you may have heard that there is a new form of money. This new form of money is the “buzz word” that is taking the world by storm. It’s called Bitcoin!
You may be wondering, “What is Bitcoin and how does it work?” In short, Bitcoin is a virtual currency that is in a digital format called cryptocurrency. It is exchanged between users via the internet on a digital ledger called the blockchain. It was created by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto, who introduced Bitcoin on October 31, 2008 to a cryptocurrency mailing list. Since it’s introduction to the public in 2009, Bitcoin has increased in popularity and is now being used as a medium of exchange for purchasing goods and services by people all around the world. As of January 2018, Bitcoin is the most widely used alternative currency and as of the writing of this blog, Bitcoin has a market cap around 142 billion US dollars. There are approximately 20 million bitcoin users globally and approx. 28.5 million bitcoin wallets that hold more than 0.001 BTC according to data compiled by Bitinfocharts.com.
Since the creation of Bitcoin, there have been a number of alternative coins that have evolved and has also grown in popularity. Ethereum, Litecoin, Ripple and BitcoinCash are just a few of the alternative digital coins. Ethereum follows closely behind Bitcoin in popularity and is now moving over 2 billion US Dollars in transactions every 24 hours. Although Bitcoin is fairly new to mainstream media, Bitcoin is now known as the grandfather of cryptocurrency since it was the first one on the scene and paved the way for other digital currencies to follow. There are now over 1,592 alternative cryptocurrencies being exchanged daily at the writing of this blog.
So, why use Bitcoin or any of these other cryptocurrencies. There are a number of reasons why using Bitcoin or any other cryptocurrency would be recommended, but details of that explanation goes beyond the scope of this blog, however, the simple answer is that using digital currencies provide a more private and secure way to pay for goods and services and gives you more control over your money. For a more detailed answer, we highly suggest that you read the e-book on “Understanding the Basics About Bitcoin & Other Cryptocurrencies, The Beginner’s 101 Guide - An Introductory Explanation for Beginners, The first most comprehensive book to understanding cryptocurrency with step-by-step instructions to get started” since it provides a detailed explanation for beginners. To obtain a report on the History and Growth of Bitcoin, you can download a FREE report under our Special Offers, only available on our website for a limited time.
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