Yesterday was Bitcoin Pizza Day, an annual celebration of the day one Jacksonville resident, Laszlo Hanyecz, bought two pizzas for 10,000 BTC. The day is commemorated by a twitter account @bitcoin_pizza, which posts a daily update of what the pizza would be worth if Laszlo had kept his Bitcoin.

It was 2010 when Laszlo, a software programmer from Florida, decided to try prove Bitcoin could actually be used to buy something. At the time it was fairly unknown and worth very little, so Laszlo posted on a message board that he would pay anyone 10 000 bitcoin to deliver him two pizzas. At the time it was the equivalent of about $40.

Since then Bitcoin has, of course, skyrocketed, leaving many to mock Laszlo’s decision. However, he defends his position, pointing out that Bitcoin was worth very little at the time and nobody knew how big it would get. Here was a brand new, potentially powerful technology that wasn’t going to develop, improve, or go anywhere if everybody just sat around, not using it. 

Rather than ridicule him, perhaps the wiser stance to take would be to acknowledge that Laszlo had a good point and was correct in what he did. One of the biggest challenges facing the progression of blockchain technology today is Bitcoin – and specifically, the treatment of Bitcoin as commodity or asset.

Bitcoin, and blockchain in general, is a powerful technology with the potential to change the world and reshape the disparate financial landscape we currently find ourselves in.“HODLing” cryptocurrency in order to achieve individual financial gain is almost certainly against everything Satoshi Nakamoto intended when first creating his gift to us.

If given the option of receiving 1000 BTC of your own, or the opportunity to help create a world where poverty and economic equality is a thing of the past, what would you choose?

We need more people like Laszlo, who are active, innovative and want to test this technology and discover it’s true potential.

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