Search
Login
Sign Up
Logo
The REAL Bitcoin Pizza Day Story

May 24, 2025

The REAL Bitcoin Pizza Day Story

The REAL Bitcoin Pizza Day Story
00:00
31:15

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?

-

👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more.

-

👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? [email protected]

Learn more about your ad choices. Visit megaphone.fm/adchoices

Blockspace: AI News

Listen on

Apple PodcastsApple PodcastsSpotifySpotifyPocket CastsPocket CastsCastroCastroiHeartRadioiHeartRadio

Recent episodes

Did Coreweave Just Save the AI Market? Plus TeraWulf CTO Nazar Khan

Did Coreweave Just Save the AI Market? Plus TeraWulf CTO Nazar Khan

Nov 11, 2026

Inside KEEL Earnings with CEO Ben Gagnon! Plus, Anthropic IPO, MARA Earnings, and a Wet Blanket on IREN

Inside KEEL Earnings with CEO Ben Gagnon! Plus, Anthropic IPO, MARA Earnings, and a Wet Blanket on IREN

Nov 10, 2026

Jensen Scandal, Nebius's Compute Marketplace, and Why SpaceX Could Double?

Jensen Scandal, Nebius's Compute Marketplace, and Why SpaceX Could Double?

Nov 9, 2026

Inside IREN's Earnings ($200M AI Cloud). Plus TeraWulf's Earnings Update & Luxor Tech On Bitcoin Mining

Inside IREN's Earnings ($200M AI Cloud). Plus TeraWulf's Earnings Update & Luxor Tech On Bitcoin Mining

Nov 6, 2026

IREN Delays? Plus, Adam Sullivan of Core Scientific & KEEL's Earnings Call

IREN Delays? Plus, Adam Sullivan of Core Scientific & KEEL's Earnings Call

Nov 5, 2026

Did the Midterms Just Pop the AI Bubble? Plus HUT 8 & RIOT Earnings & SpaceX Stock Analysis

Did the Midterms Just Pop the AI Bubble? Plus HUT 8 & RIOT Earnings & SpaceX Stock Analysis

Nov 4, 2026

Will US Elections Gut AI Stocks? Plus, Cipher Digital's Earnings & SpaceX's Lawsuit

Will US Elections Gut AI Stocks? Plus, Cipher Digital's Earnings & SpaceX's Lawsuit

Nov 2, 2026

The Trump Trade Is Over? Plus, Microsoft vs. Google, and Nebius' Capex Guidance

The Trump Trade Is Over? Plus, Microsoft vs. Google, and Nebius' Capex Guidance

Oct 30, 2026

IREN's $363M GPU Raise, Plus, Morgan Stanley's Bullish TeraWulf Price Target, and SK Hynix's Earnings

IREN's $363M GPU Raise, Plus, Morgan Stanley's Bullish TeraWulf Price Target, and SK Hynix's Earnings

Oct 28, 2026

Galaxy’s Q3 Earnings, Meta’s $25B Equity Raise, Goldman Sachs Forecasts $100B CoreWeave Debt

Galaxy’s Q3 Earnings, Meta’s $25B Equity Raise, Goldman Sachs Forecasts $100B CoreWeave Debt

Oct 27, 2026

The Blockspace Newsletter

Get smarter about Bitcoin in five minutes or less, twice per week.