Almost no one talks about the other 150,000+ #Bitcoin that followed. Before the pizza, Laszlo Hanyecz pioneered GPU mining for Bitcoin unlocking the ability to mine thousands of BTC per day. It was so powerful that Satoshi personally reached out, concerned it might destabilize the network. Laszlo even joked: “I feel like I messed up your project.” He kept spending BTC like it was arcade tokens buying strangers dinner and circulating coins faster than he could mine them. Total wallet volume: 162,864 BTC. That’s $10.7B at today’s prices. Over $20B at peak. Current balance? 0.00018 BTC about $12. The man who helped revolutionize Bitcoin mining… spent billions before the world realized what it was. History’s biggest fumble or the ultimate proof of true early adoption?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Everyone talks about the 10,000 $BTC pizza.
Almost no one talks about the other 150,000+ #Bitcoin that followed.
Before the pizza, Laszlo Hanyecz pioneered GPU mining for Bitcoin unlocking the ability to mine thousands of BTC per day.
It was so powerful that Satoshi personally reached out, concerned it might destabilize the network.
Laszlo even joked: “I feel like I messed up your project.”
He kept spending BTC like it was arcade tokens buying strangers dinner and circulating coins faster than he could mine them.
Total wallet volume: 162,864 BTC.
That’s $10.7B at today’s prices.
Over $20B at peak.
Current balance? 0.00018 BTC about $12.
The man who helped revolutionize Bitcoin mining… spent billions before the world realized what it was.
History’s biggest fumble or the ultimate proof of true early adoption?