BITCOIN SEASON 2: The REAL Bitcoin Pizza Day Story

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4.7 • 698 Ratings

🗓️ 24 May 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The real Bitcoin Pizza Day story: Laszlo spent nearly 80,000 Bitcoin on pizza in 2010, not just 10,000. Plus how his GPU mining discovery changed Bitcoin forever and why Satoshi wasn't happy about it. You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 12,000 Bitcoiners: https://newsletter.blockspacemedia.com Charlie and Colin reveal the shocking truth about Bitcoin Pizza Day that mainstream media got wrong. Laszlo didn't just spend 10,000 Bitcoin on pizza - he spent nearly 80,000 Bitcoin throughout 2010! We dive deep into how his GPU mining discovery revolutionized Bitcoin, why Satoshi sent him a concerned email, and how this "penance" may have actually saved Bitcoin's decentralization in its early days. **Notes:** • Laszlo spent ~80,000 Bitcoin total on pizza in 2010 • GPU mining was 10x more powerful than CPU mining • Bitcoin hash rate increased 130,000% by end of 2010 • Laszlo had 1-1.5% of entire Bitcoin supply 2009-2010 • His wallet peaked at 43,854 Bitcoin • Total wallet flows were 81,432 Bitcoin Timestamps: 00:00 Start 00:28 Lies, damn lies.. and pizza 02:21 What actually happened 05:46 It's actually WAY MORE than you think 11:15 Arch Network 11:47 Laslo "saved" Bitcoin 19:12 Pizza or penance? - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Everything you know about Bitcoin Pizza Day is wrong.
0:03.8	It's way more than 10,000 Bitcoin spent on a pizza.
0:07.0	That's not just 1.6 billion.
0:09.4	That is multiple billions.
0:11.2	There's a lot that you didn't know.
0:12.8	You've been lied to.
0:14.4	Bitcoin Season 2 is brought to by Arch Network, Protocol Building, Bridgeless apps on Bitcoin.
0:19.5	More on Arch later on the show.
0:20.9	Let's kick it off.
0:28.0	So, Colin, everybody's been lying to our listeners.
0:32.2	They say that Laslo, however you say it, Lasson,
0:35.5	Hanyak spent 10,000 Bitcoin, but that's a lie.
0:39.9	The fake news media is added again, Charlie.
0:43.0	And we, the reputable rag independent media that may or may not have typos in some of our
0:49.2	articles are here to correct the record.
0:51.4	And you are right.
0:52.7	Everyone knows about the May 22nd, 2010 historic Bitcoin
0:57.7	Pizza Day purchase. The first recorded purchase of anything with Bitcoin, which is really
1:04.2	kind of an exchange. It was brokered OTC on Bitcoin Talk. But for the sake of the annals,
1:08.8	it was the first real world purchase with Bitcoin.
1:12.3	And everyone every year on May 22nd on the internet who knows about this is all, you know,
1:19.4	gobsmacked and up in arms about the fact that this was a billion dollar purchase now at
	...

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