Wednesday, May 22 is Bitcoin Pizza Day. That’s because on May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz through a bitcoin forum. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Since then it has become blockchain’s pretty much only holiday.
Craig Wright’s much-derided claim to be Bitcoin creator Satoshi Nakamoto got a big boost from the U.S. copyright office today. On May 21, the wealthy nChain founder was granted copyright registration for the original whitepaper—”Bitcoin: A Peer-to-Peer Electronic Cash System”—as well as the original Bitcoin source code.
A surge of young people has taken a headfirst dive into cryptocurrency. High school day traders have made hundred percent multiples on cash earned from summer jobs. College freshmen have exchanged doctoral dreams for computer science. Students have dropped out of school altogether. Some have embraced cryptocurrencies out of curiosity, others out of conviction, but all are banking that Bitcoin is the technology of the future. It’s early 1990s dot-com boom deja-vu.
It’s time for cryptocurrency investors to stop hoarding and start putting their digital assets to work. That was one message Coinbase CEO Brian Armstrong offered attendees at Coindesk’s Consensus 2019 conference in New York on May 15.