$2 Million Pizza: How One Man Paid WAY Too Much in Bitcoins

by at .  Updated at . Comments

What does a $2 million pizza look like? Does it have gold leaf and saffron-infused white truffles?

Is the cheese made from the milk of a thousand duck-billed platypuses?

Is the sauce the really good Newman's Own stuff with the garlic and basil?

No! None of that! It looks like this:

2 Million Dollar Pizza

According to Motherboard, the pizza was purchased by Mike Lazio back in May of 2010 using an online currency called Bitcoins (BTC). 10,000 BTC to be exact.

At the time, a BTC equaled about .3 cents, meaning that Lazio spent about $30 on it when he took to the Bitcoin forum to make an offer: you order me pizza in the real world, I'll give you 10,000 BTC.

It was the first time a real-world transaction had actually occurred using the virtual currency, and is believed to have sparked the intense inflation that has caused one single BTC to rise to about $234.

So do the math: 10,000 BTC at $234 each means that if Lazio had kept that money instead of spending it on Pizza, he'd be sitting on an extra $2.34 million.

Hopefully he enjoyed the pizza. I bet he could have found a lot of homemade pizza recipes that cost a lot less than $2.34 million to make.

Tags: ,
Avatar

What's really gonna bake your noodle later on, is would the bitcoins still have appreciated if you hadn't bought anything."

Mark tey

Buying Bitcoins in the UK, directly without intermediators on ebay or other pages (with huges fees) is very difficult , I made this guide with a simple process:
http://howtogetbitcoinsuk.blog...
Best

Avatar

well, let's hope it was tasty.