Bitcoin Pizza Day Celebrates its 10th Anniversary; 10,000 BTC for Two Pizzas is Now Worth $90M

May 22 is known as the Bitcoin Pizza Day after computer programmer Laszlo Hanyecz paid 10,000 bitcoins for two delivered Papa John’s pizzas in 2010.

Being one of the earliest well-known purchases in the history of Bitcoin makes it an iconic day. Those 10,000 BTC that has been offered for two large pizzas worth $40 is now worth about $90 million.

Hanyecz organized his pizza offer on bitcointalk forum,

“You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!”

In his first television interview with CBS News last year, Hanyecz shared,

“I honestly thought it would be really cool if I could say, ‘Hey, I just traded this, you know, open source internet money for a real world good.”

But Hanyecz didn’t stop after the first real-word transaction that involved cryptocurrency, he continued spending Bitcoin.

He minted and spent about 100,000 BTC in all, which would have been now worth more than $900 million, much of it on pizza, Hanyecz shared on “60 Minutes.”

2nd post by Hanyecz for another “open offer.” He also got the pizza on May 22nd.

Despite the price of bitcoin skyrocketing, Hanyecz isn’t really phased out about his deal as he told the NY Times in 2014,

“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool. No one knew it was going to get so big.”

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Author: AnTy

IOTA, Eclipse Foundation Form Working Group To Explore Tangle Tech In Commercial Uses

The American computer company, Dell is one of the 15 companies that has joined an IOTA working group because it wants to see how the Tangle technology can integrate into commercial solutions.

The open-source software developer Eclipse Foundation and IOTA made on Tuesday the announcement that the Tangle EE working group is going to start some projects that aim to develop commercial solutions for the technology developed by IOTA. Tangle is the scalable distributed ledger (DLT) network created by IOTA, which is different from blockchains in the sense that it uses a system that has users confirming their transactions while sending out new ones.

Other Important Names Involved in the Tangle Working Group

As said before, there are 15 companies that have joined the Tangle working group as founders. Aside from Dell, 2 of these other companies are the University of Magdeburg and STMicroelectronics, the German provider of electronics. This is what the Eclipse Foundation’s executive director Mike Milinkovich had to say about his foundation’s role with Tangle:

“The Eclipse Foundation will provide a vendor-neutral governance framework for open collaboration, with IOTA’s scalable, feeless, and permissionless DLT as a base. By doing so, we will accelerate the development of new applications built with this transformative technology.”

Many Companies Waiting to See Tangle Tested

The IOTA Foundation’s co-founder Dominik Schiener said that many companies are waiting to see the Tangle code tested before integrating it, so they’re waiting on reviews from other firms. Schiener thinks the working group that will enable the testing of the technology is very important for realizing the vision at IOTA.

Dell Will Help to Increase Access to IOTA’s Tech and More

According to David Sonstebo, IOTA’s co-founder, Tangle will give more people access to the IOTA technology. The first Tangle projects will be creating decentralized marketplaces and identities that can make real-time trading easier. According to Steve Todd from Dell, the computer company’s data marketplaces will continue to rise until this decade ends. Here are his exact words on what joining Tangle could bring:

“By 2030, trillions of dollars of data will be exchanged and one of the reasons for joining Tangle is to help our customers move towards that reality.”

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Author: Oana Ularu

Google’s New Quantum Computer Is Not a Risk To Bitcoin, Affirms Developer Peter Todd

Google has claimed they were able to create the first quantum computer in the world. Can this be a threat to Bitcoin? Several people were concerend by the possibility that quantum computers could disrupt the crypto network, but Peter Todd, an ex- Bitcoin Core developer, doesn’t agree with them.

To understand why Todd doesn’t believe that this will be an issue, it is important to understand what Google actually did. The tech company used its computer to solve an equation that would normally take 10,000 years in around 3 minutes and 20 seconds.

This does not mean that the so-called quantum computer can solve any problem that fast. It was able to solve that specific problem so quickly because it was devised to do it. This is the most important point here.

The developer affirmed that what Google achieved was only a very primitive type of breakthrough. The company was nowhere near being able to break something as complex and powerful as Bitcoin.

He affirmed that the scientists involved in these experiments still don’t know if it is really possible to scale quantum computers without having huge costs. Because of this, they are mostly used for tests in order to develop the technology, not to solve any actual issue.

The U. S. National Security Agency (NSA) was recently reported to be attempting to create its own quantum computer. In this case, crypto’s would be far more endangered than if Google did it, but it is still hard to confirm that this technology can or will be a threat any time soon.

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Author: Gabriel Machado