Betting on Bitcoin: Will digital currencies be bigger or collapse if the music stops?


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DATE: Dec. 23, 2013, 6:23 a.m.

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  1. By: Nick Bilton
  2. This is the story of a $6 million pizza. Two of them, actually.
  3. It begins in 2010 - eons ago, in technology time - in Jacksonville, Fla. A software programmer named Laszlo Hanyecz had, to his happy surprise, persuaded someone to accept 10,000 Bitcoins in exchange for two pizzas from Papa John's. And why not? By Hanyecz's reckoning, the Bitcoins he had been "mining" on his computer were worth about 0.003 cent apiece. He got his two pies for $30 ..
  4. By: Nick Bilton
  5. This is the story of a $6 million pizza. Two of them, actually.
  6. It begins in 2010 - eons ago, in technology time - in Jacksonville, Fla. A software programmer named Laszlo Hanyecz had, to his happy surprise, persuaded someone to accept 10,000 Bitcoins in exchange for two pizzas from Papa John's. And why not? By Hanyecz's reckoning, the Bitcoins he had been "mining" on his computer were worth about 0.003 cent apiece. He got his two pies for $30 ..
  7. Read more at:
  8. http://economictimes.indiatimes.com/articleshow/27777768.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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