So, Someone Bought 10,000 Pizzas For 1 BTC

GM Readers!📪 It's BitDegree Insider, and let's chug this Web3 Kool-Aid down.

⭐️Today's selection:

• 😎3 Cool Facts For Cool Facts Tuesday
• 👌Selected Meme of The Day
• 📰Bite-Sized News

COOL FACT 1

Tuesday's here. You know what. Let's make it all about Cool Facts.

What's the first car bought with Bitcoin?

Although the phrase "when lambo" is almost synonymous cryptocurrency world, the highest Bitcoin investment in a vehicle was not made on a supercar or a luxury vehicle.

It's something rather... different. But in a nice way.

Back in 2013, Michael Tozoni, a staunch early supporter of Bitcoin, had already transferred all of his savings into Bitcoin at that moment.

And he made history by purchasing a small, used Toyota Prius for... 1,000 Bitcoin.

Last weekend, during the Bitcoin 2023 conference, this car was put up for sale in an auction.

It's a piece of history, and, since 2013, it has been exhibited at 30 Bitcoin-related conferences and events.

During this time, the car lived through some significant events. 

Like, for example, when in December, 2021, the car got nearly destroyed. Yet, one year after, in December, 2022, the Bitcoin Prius was restored. 

And now, this Prius continues to become a modern day legend. 

During the conference, many early Bitcoiners signed it, thus, furtherly increasing its value. It was an auction, after all.

And the winning bid was 120,000,000 sats or 1.2 Bitcoin ($32,733.07).

As you can see, this illustrates how rapidly has the crypto market expanded. Back in the day, it was sold for 1,000 Bitcoin, which, today would be over $27 million.

TL;DR: In 2013, Michael Tozoni bought a used Toyota Prius for 1,000 Bitcoin, making it the first car purchased with Bitcoin. Recently, the same car was sold at an auction during the Bitcoin 2023 conference for 1.2 Bitcoin ($32,733.07).

COOL FACT 2

Yesterday the world celebrated Bitcoin Pizza Day.

Some people took this day... very seriously. 

10,000 pizzas were purchased in Romania in honor of Bitcoin Pizza Day. 

The anniversary of the first Bitcoin transaction was creatively celebrated by Romanian investor and crypto enthusiast Daniel Nita.

He spent 1.01 Bitcoin, (around $27.5k, at the time of writing), on 10,000 pizzas.

Let's do the math. If 10,000 pizzas = 1.01 Bitcoin...

This means that he paid $2.7 for a pizza.

Well... That's a bargain. For those who may be interested in travelling and buying 10,000 pizzas...

This took place at the Vintage Pub Bucharest. Which is in... drum roll... Bucharest.

Well, long live Vintage Pub Bucharest for actually signing up for something like this.

It's interesting to note that Nita used the Binance Pay app on his phone to pay for the order.

The transaction went smoothly and the news caught the attention of the community, including Binance CEO Changpeng Zhao.

CZ even promised to try the local pizza when he visits Romania.

It is interesting to see how things have changed.

13 years ago, 2 pizzas cost 10,000 Bitcoin. Today, 10,000 pizzas cost 1.01 Bitcoin.

By the way. The pizzas are, of course, still in the process of being baked. And, it's still unknown, what are they gonna do with 10,000 of them.

Well, no one has ever complained that there's too much pizza on the table.

TL;DR: To celebrate Bitcoin Pizza Day, a Romanian investor bought 10,000 pizzas for 1.01 Bitcoin, which means he paid about $2.7 per pizza, commemorating the anniversary of the first Bitcoin transaction in a creative and delicious way.

COOL FACT 3

A picture of Laslo Hanyecz, the OG programmer who made the legendary pizza puchase, eating the pizzas with his kids, has been stored on-chain in ordinal inscription 1,134!

That's... it. 

That's still a cool fact, OK?

BTW, for those who may have missed out on reading about Laslo Hanyecz and his Bitcoin-pizza deal, be sure to go and give it a read.

You can do so right here. 

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

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