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A homage to weird and wonderful BTC purchases



Blissful Bitcoin Pizza Day! Earlier than you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, right here’s a slice of trivia:

What do a household vacation to Japan, a 50 Cent album, a steak dinner, and a framed cat photograph all have in widespread? 

They had been all paid for with Bitcoin (BTC) by members of the Cointelegraph Bitcoin neighborhood! And identical to the Bitcoin pizzas that price 10,000 BTC, which are actually price greater than $300 million, the neighborhood’s Bitcoin purchases have additionally skyrocketed. 

Benjamin de Waal, the VP of Engineering at Bitcoin trade Swan Bitcoin advised Cointelegraph, “I spent 7 BTC on a family trip to Japan a few years back.” In right this moment’s worth, 7 BTC is price properly over $200,000 —  however Ben’s joyful as a result of his children are joyful:

“It would have been worth a lot more now; but I don’t regret it at all. A good childhood full of adventure, fun, and learning is priceless.”

Felix Crisan, the scammer vigilante, advised Cointelegraph how he as soon as spent 50 BTC (price $1.5 million) creating a brand new software program module for his firm in 2015. Crisan added that in 2016:

“​​Let’s not forget some almost 1BTC ‘spent’ betting who the next US president’s going to be.” […] After all, I did not win.”

That’s a $30,000 wager at BTC’s present market worth.

Jeffrey Albus, Editor at Cointelegraph, shared that he splashed out on a steak dinner to exhibit Bitcoin’s peer-to-peer capabilities “someday in 2011 or early 2012.” 

“We paid 15 BTC — 12 for the meal, plus 3 BTC left as a tip (which the waitress in all probability threw away.)”

Worse nonetheless, the worth of 15 BTC again over ten years in the past was so small that it fell wanting the entire invoice: Albus had to high it up with good previous bucks. The worth of the Bitcoiner-appropriate steak dinner is now price shy of half 1,000,000 {dollars}.

In a phrase to the clever, Julien Liniger, CEO of Swiss Bitcoin trade Relai–and a Bitcoin maximalist by way of and by way of, advised Cointelegraph that he “bought a bitcoin hoodie for 0.1 BTC back in the days, but that was the last thing” — a roughly $3,000 hoodie. He defined that “it then became too stupid of a thing to me to spend instead of stack sats.”

In the meantime, the workforce at CoinCorner, the UK Bitcoin trade behind the contactless Lightning Community fee card, shared a number of tales. Danny Scott, the CEO, purchased the 50 Cent album “Animal Ambition” with Bitcoin when the market worth was round $600. 50 Cent famously “forgot” he accepted 700 BTC for the album — let’s hope Scott forgets the missed beneficial properties, too!

Molly Spiers, CoinCorner’s Head of Advertising and marketing, advised Cointelegraph, “I bought a photo postcard of my cats […] for 0.009 BTC.” The $270 postcard was sadly not sufficient for Spiers to hold a maintain of it; ‘I’ve lost them somewhere over the years – I’d have framed them with pride!”

Fortunately, there are “no regrets,” as it does “make for a good story.” Plus, she shared a picture of the cats:

Molly Spier’s cats. The photo postcard is sadly lost. Source : Molly Spiers

While “experimenting with Bitcoin as a currency,” Matthew Ward, CoinCorner’s software program developer, advised Cointelegraph that he “bought the game Cities Skylines back when it launched on Steam in March 2015 for 0.108 BTC.” You may be the choose of whether or not the graphics advantage a $3,000 price ticket:

Cities Skylines gameplay. Supply: themacgames.web

Lastly, Didi Taihuttu, referred to as the daddy of the Bitcoin Household and generally the Bitcoin tattoo man, spent 2.75 BTC on a Bitcoin miner in 2014. Taihuttu advised Cointelegraph that “the strangest part is that when BTC hit around $200, I gave up mining BTC and started to mine dogecoin (DOGE).” Had he held the BTC, he would have over $180,000.

Associated: ​​Strive topping this: PizzaDAO celebrating Bitcoin Pizza Day with 100 events worldwide

Taihuttu additionally shared that in his adventures as The Bitcoin Household, he’s parted with over 9 BTC ($270,000), which he describes as “losing 9 BTC but gaining an amazing adventure.”

And for these questioning what occurred to the ten,000BTC Hanyecz spent on the pizzas, in accordance to Cointelegraph analysis, 5% of the entire landed in a really rich pockets, whereas “some of the funds were seemingly liquidated” on a failed crypto trade.

The rich pockets that chowed down on a few of Hanyecz’s BTC is within the high 15 richest wallets in Bitcoin, accumulating over 53,000 BTC. The full spent or despatched from the pockets is 0 BTC: a licensed Bitcoin hodler.

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