

BITCOIN SEASON 2: The REAL Bitcoin Pizza Day Story
May 24, 2025
Discover the astonishing truth behind Bitcoin Pizza Day, where Laszlo spent nearly 80,000 Bitcoins—not just the famed 10,000—on pizza in 2010. Delve into how his GPU mining innovation revolutionized Bitcoin, increasing its hash rate by a staggering 130,000%. Uncover the dramatic concerns from Satoshi about this development and how it might have saved Bitcoin's decentralization. Explore this blend of quirky history and pivotal technology that shaped the future of cryptocurrency!
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Laszlo's Pizza Bitcoin Anecdote
- Laszlo offered 10,000 Bitcoin for two pizzas initially, but actually spent nearly 80,000 Bitcoin on pizza in 2010.
- This open offer was repeated multiple times as he saw it as free food for contributing to Bitcoin.
Laszlo's GPU Mining Breakthrough
- Laszlo introduced GPU mining which was 10x more powerful than CPU mining, vastly increasing Bitcoin hash rate.
- Satoshi warned this could harm decentralization but acknowledged it was inevitable.
Penance in Pizza Purchases
- Laszlo's selling of Bitcoin for pizza was seen as penance to reduce his unexpectedly large Bitcoin holdings.
- This arguably helped maintain early Bitcoin decentralization.