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On May 22, the cryptocurrency community celebrates international Bitcoin Pizza Day. Less than two years after Satoshi Nakamoto published the nine-page Bitcoin whitepaper, Laszlo Hanyecz legitimized the use of cryptocurrency with the purchase of two pizzas for 10,000 BTC.
Bitcoin Pizza Day
There are thousands of cryptocurrencies, but Bitcoin, even to this day, remains an undeniably ingenious manifestation of blockchain technology. From modest beginnings to a trillion-dollar market cap, Bitcoin has stood the test of time. Laszlo Hanyecz was indeed one of the early contributors responsible for what many consider a fundamental marketing masterpiece for Bitcoin adoption.
In the initial days, there weren’t any reliable venues where Bitcoin trades can be conducted. Instead, BTC was traded via direct communication through discussion boards and Internet Relay Chat rooms. This was the time when the cryptocurrency, helmed as an experimental technology, was worth only a few cents.
The Florida-based programmer, Hanyecz, went on to become the first person to use Bitcoin in a commercial transaction after paying 10,000 BTC for two Papa John’s pizzas on May 22, 2010. At the time of purchase, Bitcoin was worth $41. Today, 10,000 BTC would today cost around $300 million.
Beyond Pizza Purchases
Laszlo Hanyecz is more than just “that guy” who bought Pizzas with 10,000 BTC that the internet loves to sensationalize. In honor of Bitcoin Pizza Day, let’s look into his groundbreaking contributions beyond the pizza purchase.
Apart from fixing many vulnerabilities during the early stages of the network, Hanyecz was also the first developer to release the Bitcoin code for Mac OS.
He also transformed the Bitcoin mining landscape. Much before the onset of application-specific integrated chips (ASICs), Bitcoin was being mined using CPU.
The transition to GPU mining didn’t happen until Hanyecz developed a mining code that enabled miners to mine BTC using their graphics cards [GPUs]. At that time, even Satoshi Nakamoto, who had frequently exchanged several messages with him, thought that introducing GPU mining was too advanced for Bitcoin’s development.
Bitcoin has managed to capture of imagination of many industry stalwarts, but it’s time the community recognizes the commitment and efforts of the many Bitcoin OGs, including Hanyecz, who helped the digital asset become what it is today.


Even today, the 10,000 BTC Laszlo Hanyecz spent on two pizzas has a special place in Bitcoin folklore.

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 Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or other cryptocurrencies. “I like investing in things that have valuable output,” Gates said, adding that crypto is “not adding to society like other investments.”

Bill Gates on Crypto, and Why He Isn’t Investing
Microsoft co-founder Bill Gates shared his opinion about bitcoin and cryptocurrencies in a Reddit AMA (Ask Me Anything) session Thursday.
One of the questions he was asked was “What do you think about bitcoin and cryptocurrencies?” Gates replied:
I don’t own any. I like investing in things that have valuable output.
He added: “The value of companies is based on how they make great products. The value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments.”
Gates’ stance on cryptocurrency echoes that of Berkshire Hathaway Warren Buffett. The Oracle of Omaha explained in detail why he would not invest in bitcoin or cryptocurrency earlier this month.
“It doesn’t produce anything,” Buffett described BTC, noting that he wouldn’t pay $25 for all of the bitcoin in the world. “What would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything,” he opined.

The Microsoft co-founder and co-chair of the Bill and Melinda Gates Foundation has long been a critic of bitcoin and cryptocurrency.
In February last year, he said he didn’t own bitcoin, adding that he has taken “a neutral view.” However, he also said crypto was one tech innovation the world would be better off without. Gates noted: “The way cryptocurrency works today allows for certain criminal activities. It’d be good to get rid of that.”
Gates also commented on Tesla CEO Elon Musk owning bitcoin in February last year. “Elon has tons of money, and he’s very sophisticated, so I don’t worry that his bitcoin will randomly go up or down,” Microsoft co-founder said. “If you have less money than Elon, you should probably watch out,” he warned.
What do you think about Bill Gates’ comments about bitcoin and cryptocurrency? Let us know in the comments section below.



























Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or other cryptocurrencies. &#x201C;I like investing in things that have valuable output,&#x201D; Gates said, adding that crypto is &#x201C;not adding to society like other investments.&#x201D; Bill Gates on Crypto, and ...

news.bitcoin.com

Bill Gates: Crypto Has No Valuable Output — It’s Not Adding to Society Like Other Investments

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. 
Kiyosaki Believes the Price of Bitcoin Could Fall to $9K
The author of Rich Dad Poor Dad, Robert Kiyosaki, is still bullish about bitcoin. He’s waiting for the price of BTC to test a new bottom before getting in.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted Wednesday, “I remain bullish on bitcoin’s future.” He added that he’s waiting for bitcoin to test a new bottom, suggesting that it could be $20K, $14K, $11K, or even $9K.
The famous author proceeded to explain why he’s still bullish about bitcoin. The Federal Reserve and the Treasury Department are corrupt organizations and they will self-destruct before they regain honesty, integrity, and moral compass, Kiyosaki described.

Last week, Kiyosaki tweeted that he’s waiting for the bottom before getting into bitcoin. At the time, he expected the bottom to be around $17K but later said that it could even be lower, at $11K.

This was also not the first time Kiyosaki has expressed his distrust towards the Biden administration, the Treasury, and the Fed. The famous author has also been recommending bitcoin to investors for quite some time.
In March, Kiyosaki said the U.S. dollar was about to implode, blaming President Biden for causing inflation. He recommended gold, silver, bitcoin (BTC), ethereum (ETH), and solana (SOL) as investments at the time.
However, Kiyosaki also previously warned that crypto is not without its problem. He cautioned that eventually, the government will seize all cryptocurrencies and fold them into a government crypto. Nonetheless, he said that the Russia-Ukraine war is “giving rise to crypto as a safer haven than government fake fiat money.”
What do you think about Robert Kiyosaki’s comments? Let us know in the comments section below.



























The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He&#x2019;s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. Kiyosaki Believes the Price of Bitcoin ...

Rich Dad Poor Dad’s Robert Kiyosaki Thinks Bitcoin Could Bottom Out at $9K — Reveals Why He Remains Bullish

A Senator from Alabama is introducing a new bill that could potentially stifle the government from restricting top digital asset Bitcoin (BTC) and other cryptocurrencies as investment options for 401(k) retirement plans.
Republican Senator Tommy Tuberville is unveiling the Financial Freedom Act of 2022, which would counter attempts by the U.S. Department of Labor (DOL) to exclude crypto assets as a choice for self-directed 401(k) plans.

The legislation would ensure that financial institutions and employers would not face legal troubles for offering virtual assets as a means of investment, according to a press release from Tuberville, who is a former college football coach.
“The [DOL’s] guidance attempts to bar 401(k) investors from investing in cryptocurrency and undermines the ability of 401(k) plans to offer brokerage windows, which give retirement plan participants the ability to personally control how their assets are invested. 
The guidance threatened that employers and investment firms could be subject to a DOL investigation and enforcement actions should they allow individuals using brokerage windows to invest in cryptocurrency.
 Senator Tuberville’s legislation would empower retirement savers to invest as they see fit and ensure that plan sponsors and financial firms are not punished for allowing investors to exercise financial freedom.“ 
Another US Congressman, Representative Byron Donalds of Florida, also recently introduced the House of Representatives’ version of the legislation.
“Today, I introduced the House companion of the Financial Freedom Act of 2022. This bill prohibits [the DOL] from restricting the type of investments that self-directed 401(k) account investors can choose.”
The DOL initially issued a warning in March about financial service firms exposing 401(k) participants to digital assets, citing volatility, uncertain valuations and an evolving regulatory environment as key reasons for concern.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.



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The post US Lawmaker Introduces Bill To Protect Bitcoin (BTC) 401(k) Investments appeared first on The Daily Hodl.


A Senator from Alabama is introducing a new bill that could potentially stifle the government from restricting top digital asset Bitcoin (BTC) and other cryptocurrencies as investment options for 401(k) retirement plans. Republican Senator Tommy Tuberville is unveiling the Financial Freedom Act o...

Wrapped Bitcoin price	$29,432.00
Low - High 24H	$29,185.00 - $29,623.00
Market cap	$8.15B
Volume 24H	$152.98M
All time high	$70,643.00 -58.27% November 10th 2021
All time low	$3,139.17 839.06% April 2nd 2019
Genesis date	N/A

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