When bitcoin hit a record high this week, New York Times technical reporter Kashmir Hill recalled how they BTC ($ 224k) for a sushi dinner for a few dozen strangers. Hill wrote about the dining experience in a recent article called “How I Blew My Bitcoin on Sushi: My $ 200,000 Sushi Dinner.” In addition, the early bitcoiner Martti Malmi wrote about how he sold 55,000 BTC which would now be worth more than $ 1.2 billion.
Journalist spends 10 BTC at a sushi dinner with strangers in 2013
The price of bitcoin (BTC) has soared to new price heights over the past week, and a few people wrote about coin issuing in the beginning.
For example, noted New York Times (NYT) tech columnist Kashmir Hill recently wrote about her experience living on bitcoins in 2013. Hill said she spent $ 136 per coin on Coinbase at the time and one night 10 BTC ($ 224k) on a sushi dinner.
“In May 2013, I spent what would be worth about $ 200,000 today on raw fish and shrimp tempura sandwiches for people I just met,” Hill said of her week-long crypto experience.
“At the time, I was a reporter for Forbes magazine on technology and privacy. Bitcoin had come to my radar as a privacy-protecting technology that allows people to make anonymous online purchases, a bit like paying cash in the real world. “
On the very last night of her week-long bitcoin spend, she decided to celebrate with a sushi dinner in a place called the Sake Zone. She opened an invite to complete strangers on Reddit and booked a table for 15 or more at Yung Chen’s Sake Zone.
Years later, after the 2020 spending experiment, Hill called restaurant owner Yung Chen to see how he was doing. Thanks to its merchant acceptance at the time, including Hill’s 10 BTC dinner, Chen managed to acquire about 41 BTC ($ 923,000). Chen and his wife decided to retire after “ tired of the long hours, ” Hill wrote.
Sake Zone owner Yung Chen said:
The Bitcoin has become one of the most important savings in my portfolio. It is much. It’s almost half a million dollars in my account.
Martti Malmi: ‘I would be a millionaire now if I had not sold the 55,000 bitcoins I mined’
In another story, early bitcoiner Martti Malmi this week recalled how he would have been a billionaire had he not sold 55k BTC back in the days. Malmi was a Bitcoin developer between 2009 and 2011.
“I would be a * billionaire * now if I hadn’t sold the 55,000 bitcoins I mined on my laptop in 2009-2010 much too early (usually before 2012),” Malmi tweeted on Friday. “That’s unfortunate, but again, with the early bitcoiners, we set in motion a little more than personal gain,” he added.
Malmi also recalled running a bitcoin exchange for a while in 2010. “At the time, there was no fixed exchange rate, and I used it more like a bitcoin faucet than a business, ending with 30,000 BTC less, ”Malmi said. The early bitcoin advocate said he got a little more than just two Papa John’s pizzas.
Malmi further tweeted:
In 2011, when the exchange rate peaked at $ 15- $ 30, I sold more than 10,000 BTC to buy a fairly comfortable studio apartment near Helsinki. Big problem for a 22 year old who never had a lot of money. Probably the most expensive studio in the world, but at least I have more than 2 pizzas.
Malmi remembered once in 2011 when he offered a 1,000 BTC premium for “getting a big company to accept bitcoin,” saying it was never claimed. After he decided to keep his BTC but then had to sell most of it at “a bad rate (~ $ 5) in 2012 when finding a new job took longer than expected”. The early adopter said he has “kept in different amounts of savings BTCAnd he is pleased with the recent price development.
“Thank you, Satoshi and others who have made Bitcoin what it is today,” concluded Malmi. May it bring peace and prosperity to the world. Long live Bitcoin. “
What do you think of Kashmir Hill and Martti Malmi’s $ 200k sushi dinner selling 55k bitcoin for extremely low prices? Let us know what you think about this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Twitter, @marttimalmi,
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