Episode notes
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?
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