It’s one of the best-known cryptocurrency legends: The guy who bought two pizzas with 10,000 bitcoin back in 2010 to prove the digital currency worked. Now he’s at it again.
This time, early bitcoin developer Laszlo Hanyecz wanted to test the Lightning Network, a technology that runs parallel to a blockchain like bitcoin’s network and aims to speed up transactions. He ended up paying 0.00649 bitcoin for two pizzas, or US$67 (NZ$92), and the transaction cost about 6 cents.
When Hanyecz bought pizza with bitcoin about eight years ago, it was one of the first purchases done with the cryptocurrency, and it showed the bitcoin community that it could actually be used as a means of exchange, he said.
That was put in doubt late last year as transaction fees skyrocketed to as a high as US$55, according to data provider BitInfoCharts, making everyday purchases impractical.
from Eve’s Feed http://www.stuff.co.nz/business/world/101805806/Crypto-legend-bought-pizzas-8-years-ago-with-bitcoin-to-prove-he-could
from
https://evewilki1971.wordpress.com/2018/02/27/crypto-legend-bought-pizzas-8-years-ago-with-bitcoin-to-prove-he-could/
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