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To: Theoria

On May 22, 2010, now known as Bitcoin Pizza Day, software developer Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John’s pizzas. This was the first bitcoin commercial transaction.

The present market value of those bitcoins / two pizzas is $350,000,000


6 posted on 01/12/2021 9:20:01 AM PST by PGR88
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To: PGR88; All
The value is zero if you can't access it because you can't remember your password.

Even then, this is like stocks. It's equity. It's paper or nowadays just digital binary code, that is not concrete. You can't touch it, feel it, hold, it, put it under your mattress, carry it in your wallet or make it into fine jewelry.

It's only value is what people agree it is. And even that seems pretty nebulous. It's worthless if everybody says it is.

It's like the non-existent "lock box" Al Gore claimed our Social Security contribution funds were in, during his debate with GW Bush. Yeah, right, Al.

It is the gleam in some con artist's eye.

18 posted on 01/12/2021 9:35:38 AM PST by HotHunt
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