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

YouTube Admits Mistake, Responding & Actively Taking Action ‘Reinstating Everyone, Too Bad”

  • After targeting cryptos specifically, YouTube is reinstating educational channels & paid promoters alike
  • Not an accident – Kim Dotcom, time to look for alternatives

Google’s video streaming service, YouTube has restored more channels of crypto-related content after several days of non-communication from the company.

Earlier this week, a wave of YouTubers that post cryptocurrencies content received notification that their videos have been in breach of the platform’s terms of service.

Since then, the company has apologized for the mistake admitting that there was an “error” on their side and videos will be reinstated and strikes resolved.

“This was an error on our side during the review process,” reads YouTube’s response that started today on Dec. 17 after several days of silence on the company’s part.

“We’ve seen a few similar reports, will pass yours along too and follow up as soon as we have an update,” was YouTube’s response to another victim of this “error”.

Just a “Wrong Call”

Some of the crypto-bloggers have been complaining that their videos haven’t restored even now. However, YouTube has now taken it to respond to people and checking the channels by policy and let them know if they’re seeing otherwise.

“There were multiple channels affected, but some of the reports are still being checked by Policy if they are affected by the issue or legitimately flagged for CG violations. We’ll share an update once we have more info,” has been the video giant’s response to those channels that are still not restored.

YouTube also said in a statement that it “made the wrong call.” “With the massive volume of videos on our site, sometimes we make the wrong call,” it said.

So, overall, the company is “actively working to fix this” error made during the review process. All the videos, the company says should be now reinstated and strikes resolved.

YouTube has also promised to provide more “transparency” regarding copyright takedown, the company said on its official blog.

Not Good

The issue might be resolved for now, but the crypto community isn’t exactly fine with the situation.

Jake Chervinsky, a general counsel at Compound Finance says after striking on Bitcoin-only videos “which implies the crackdown was not about touting or securities violations (unless false positives),” YouTube is now claiming “mistake” and “reinstating everyone, educational channels & paid promoters alike. Too bad.”

Chervinsky had guessed that this crypto crackdown by YouTube could be because of “potential violations of Securities Act § 17(b), the “anti-touting” provision, which requires promoters of securities to disclose any compensation they received for their promotion.”

Not an Accident

Bitcoin proponent Kim Dotcom, however, refuses to believe this has been “an accident.”

“YouTube & Google are in bed with the deep state. This attempt to silence the crypto community has failed. We are many and we made noise. Let this be a warning. Expect/prepare for more trouble,” said Kim Dotcom.

He went as far as saying,

This chaos has the community calling out for alternative options.

“These platforms are destroying a lot of value for people. Time to look at alternatives,” said Binance CEO Changpeng Zhao.

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Author: AnTy