The Skalds of Bitcoin Twitter have sung the historical moment, the “first real -world purchase” with Bitcoin, and experts have recorded the history in the Internet memory with headlines about the infamous purchase of Bitcoin pizza, now valued at more than $ 1 billion.
But what would happen if I told you that they have spent almost 10 times more bitcoin after historical purchase? And what would happen if I told you what perhaps they have done it as a penance ostensible for its much more consistent contribution to Bitcoin in its uncertain childhood?
He was a technical pioneer from Bitcoin
The gloom of the purchase of Hanject pizza day has eclipsed its two seminal contributions to Bitcoin’s early technical development.
This publication appeared originally in Blockspace Media, where Colin Harper is editor in chief.
The first of them arrived on April 19, 2010, a few days after Han are recorded for Bitcointalk, a forum established by Satoshi Nakamoto that was (and remains) a boil for Techie Intelligentsia of Bitcoin. Hanject created the first macOS client for Bitcoin Core, the original and even dominant software implementation for the nodes that support the Bitcoin network.
Satoshi originally encoded Bitcoin for Windows and Linux, but Hanject innovation allowed macOS devices to also execute the software. His contribution laid the foundations for all Bitcoin wallets and applications enabled for macOS that would follow him.
But possibly it is bigger than this was the discovery of Hanche that Bitcoin could extract with the graphics card of his computer (GPU). Up to this point, the first users used their computer processing units (CPU) to extract bitcoin, and since the GPUs are more powerful magnitude orders than the CPUs for the task, this innovation promoted Bitcoin’s mining forward much faster than Satoshi expected.
“Updated Mac OS X Binary … will use your GPU to generate bitcoins. This works very well if you have a good GPU as an 8800 NVIDIA or something,” Hanject wrote in a Bitcointalk post on May 10, 2010.
The discovery lit the first Bitcoin digital gold fever. Bitcoin’s total hashrate exploded up to 130,000% by the end of the year, and for the first time, Bitcoin miners began building small -scale mining farms. These configurations, slapped in basements and attic, garages and sheds, were the prototypes of the mining farm of Bitcoin at an industrial scale that dominate the Bitcoin network today.
Pizza was penance
The invention of Hanject was so consistent that he earned him a virtual fall of Satoshi Nakamoto. And it is possible that the conversation that followed may have inspired the famous purchase of Pizza Day of Hanject.
“A great attraction for new users is that any person with a computer can generate some free currencies,” Satoshi wrote to Hanject. “The GPUs would prematurely limit the incentive only for those with high -end GPU hardware. It is inevitable that GPU computer groups eventually monopolize all the currencies generated, but I don’t want to hurry that day.”
In a 2019 interview for Bitcoin magazine, they told me that “he stopped advertising [GPU mining] after.”
“I thought, ‘Man, I feel that I enrich your project. Sorry, friend’. He was concerned that some people could be discouraged because they cannot extract a block with a CPU,” said Han Ley.
Perhaps this conversation stimulated Hanject to offer 10,000 BTC for two great Pope John pizzas on that fateful day in May 15 years ago. In fact, he made the offer more than once. During the 2019 interview, Han Socz told me that he spent almost 100,000 BTC in the year he followed.
“I spent [all my bitcoin] In Pizza a long time ago, “Hanject wrote in a Bitcointalk publication in February 2014.” Apart from a little change of a single digit, I spent everything I used. As everyone knows, the difficulty increases to adapt to Hashing’s power, so eventually mining was not worth me. “
Looking at a Bitcoin direction that have quoted in their first post -post bitcointalk, Han Ley received and spent 81,432 BTC of this address from April to November 2010. This sum would be worth a little more than $ 8.6 billion today.
LASZLO HANYECEZ’S BALLET 2010 BALANCE HISTORY | Source: Mempool.Space
There is no way to verify if they have spent all this on pizza, other products, or if you simply gave Bitcoin new members of Bitcointalk, a common practice at that time when Bitcoin had no value. But he did mention in his original thread for the purchase of the pizza that was “an open offer”, although he failed to comply with this saying: “I really cannot allow myself to continue doing it since I can no longer generate thousands of coins a day. Thanks to all those who already bought me pizza.”
The original purchase, much less the recurring that apparently occurred later, would be enough to keep any sensible person awake at night as Bitcoin passes over $ 100,000. But at least in 2019, they have estimated the terrible experience in a good mood. As he saw, he committed a culinary alchemy, transmuting his electricity and computer energy to a cheap dinner. He had no idea that Bitcoin would order the price he has today, so the transaction was a victory in his book.
“An exchange occurs because both parties think they are getting a good business,” he said. “I felt that I was overcoming the Internet, getting free food. I thought, ‘Man, I got these GPU together, now I’m going to extract twice as quickly. I’m going to eat free food; I will never have to buy food again …”
“I mean, I coveted this and extracted Bitcoin and felt that I was winning the Internet that day. I got pizza to contribute to an open source project. Usually, hobbies are a time sink and a money sink, and in this case, my hobby bought me dinner.”
