It's Bitcoin Pizza Day; Two things I love
This one from Little Caesars is looking pretty sweet!
It's hard to imagine being okay with having spent $90M for a couple of pizzas, so I use this historic, festive day for a special community message.
Perspective is everything.
Somehow, a project with a good idea and solid theoretical economic foundations found a community that believed in putting their money where their mouth was, in a time where the gpu's to mine Bitcoin were worth more than 100,000 Bitcoin.
Imagine using your cheap 2010 off-the-shelf desktop to crank out 50 BTC every few days in your spare time. It costs you a little electricity, time, and would yield imaginary coins that are essentially of no value beyond a valid concept that resolved an incredibly complex double-spend problem.
My hopes for today's celebratory post is simply this; remember that perspective is everything. We've seen Bitcoin rise from sub-penny value, to the day it was finally worth $1, meaning it was at least as valuable as a fiat standard in the eyes of its users, reaching an all time high of $350, $650, and then a staggering $20,000!
Remember, the day that the pandemic scare affected the stock markets was the same day Bitcoin took a hit, and we saw mid $3000's as a result. It has regained more than double that drop in 2 months. Truly amazing!
Don't spend your $9000 Bitcoin on pizza; use fiat for that (or Doge if you're into that sort of thing). But, let us all remember that there was a time not so long ago, when measuring 10,000 Bitcoin against 2 pizzas, it was the pizzas that had the highest material value. Today, those two pizzas would actually be 4.5 million pizzas! Now, THAT's perspective.
...and for now, Gordon Freeman out.