Bitcoin pizza BPA price

1. 10000, not 100 million

2.

Strictly speaking, there is no issue price for bitcoin. In 2010, a programmer bought a pizza with 10000 bitcoins, the first bitcoin deal

bitcoin does not rely on a specific monetary institution. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

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principle

starting from the essence of bitcoin, the essence of bitcoin is actually the special solution generated by a bunch of complex algorithms. A special solution is one of the finite solutions of a system of equations. Every particular solution can solve the equation and is unique. In the metaphor of banknotes, bitcoin is the number of the top word of a banknote. If you know the number of the top word on a banknote, you have the banknote

and the process of mining is to constantly seek the special solutions of the equations through huge amount of calculation. The equations are designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million

to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start. After completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to paste the address to others, and you can pay through the same client

after installing the bitcoin client, it will assign a private key and a public key. You need to back up the wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost

network bitcoin

3. The first transaction of bitcoin was not pizza, but took place in the independent forum of bitcoin. In 2009, a person exchanged $5.02 for 5050 bitcoins, and the unit price was the electricity cost of one bitcoin.

4.

About 400 percent

when bitcoin first appeared in 2009, one dollar could buy almost 1300 bitcoins. Before April 2011, the price of each bitcoin was always below $1. In June 2011, the highest price of bitcoin rose to $30. Then, the price almost fell within a week. In 2012, the price of bitcoin once fell below $2

further dropped to $114 on January 14, 2015. Since then, bitcoin has begun to rise again. In 2017, after the bitcoin ETF fund was rejected by the US Securities Regulatory Commission, bitcoin plummeted by $315 to below $1000. After that, it rose again. In the first four months of this year, the price of bitcoin and an ounce of gold were almost equal

However, with the strong rise of bitcoin in this round, the price of bitcoin has exceeded the price of an ounce of gold. On April 26, the price of bitcoin was $1282.97, compared with $1264 for an ounce of gold. Bitcoin has surpassed gold in price

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in 2016, there were dozens of bitcoin exchanges in the world, and the trading volume of bitcoin in most countries and regions increased sharply. Among the countries and regions with the highest growth rate, the trading volume of bitcoin in Japan is second only to China, ranking second in the world; The local bitcoin trading volume in Venezuela increased by more than 913%

South Korea has become the sixth largest bitcoin trading market in the world, Korean people can buy bitcoin from a large number of convenience stores, and korbit's trading volume currently accounts for 70% of the South Korean market; Local bitcoin transactions in Colombia increased by about 370%; Bitcoin markets in Malaysia, Russia and Australia are also developing rapidly. Bitcoin trading in China once accounted for more than 80% of the global trading volume

5. The first bitcoin physical trader used more than 10000 bitcoins to buy a pizza in 2010. At that time, it was mainly fun and nothing else

as for why bitcoin is valuable, let me briefly analyze and explain it for reference only:

bitcoin is valuable because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central authorities (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. In contrast, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source

for more information, please refer to the mainstream media bitcoin home.

6. On May 18, 2010, a programmer named Laszlo hanyecz posted in bitcoin forum that he hoped to exchange 10000 bitcoins (then worth $40) for two copies of Papa John's pizza. Then on the 22nd, the cryptography enthusiast "jercos" bought two pizzas for us $25, sent them to Laszlo, and won 10000 bitcoins as promised

since then, the bitcoin community has celebrated May 22 as "bitcoin pizza Festival.". There's even a twitter account that updates the bitcoin value of the two pizzas every day. In addition, every time the price of bitcoin reaches a new high, the deal and Laszlo will be "teased"

based on the current bitcoin price, the two pizzas are worth $76.3 million
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7. On May 21, 2010, a programmer bought a pizza with 10000 bitcoins. At that time, the price of bitcoin was very low and there were few players. Basically, some gamers, programmers and geeks were playing. At that time, people didn't realize the huge potential of bitcoin. Just like Picasso's painting did not get attention in his life, but became the representative of hazy painting school after his death, which sounds very funny

this paper briefly introces bitcoin and its value source for reference only:

bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system

bitcoin is valuable because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central authorities (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. In contrast, this can be reflected in its growing base of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source.

8. It seems that it took 1300 to transfer to a third person.

9. It's not sure about this. It's the future. Just like bitcoin was not valuable at first, who would have thought it would be as hot as that in a few years.

10. On May 22, 2010, Laszlo? Hanyecz, an early bitcoin enthusiast in the United States, hopes to exchange bitcoin for physical goods
in a post on a bitcoin forum, he said: he hopes to exchange 10000 bitcoins for two pizzas worth $25. A British volunteer made a deal with Laszlo for 10000 bitcoins
this is the first time that bitcoin has a price, which has caused a great sensation in the whole encryption community. In order to commemorate this transaction, people call may 22 of every year "bitcoin pizza day", and bitcoin lovers gather to eat pizza to celebrate
based on the current bitcoin price of bitcoin, the two pieces of pizza at that time were worth about 300 million yuan. Brother Laszlo, who bought the pizza, cried and fainted in the toilet.