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Halving progress 9%. #Bitcoin
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Why is #Bitcoin valuable?
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89,000 BTC taken off exchanges the last month. Thatās almost 7 months of mined supply. If this continues the exchanges are empty in 27 months.
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A solo miner just mined a block worth 3.275 #Bitcoin worth $199,098. LEGEND š¤Æ
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Why Laszlo Hanyecz Is A #Bitcoin Legend Mined 80,000 BTC when it was under $0.01 Spent $2.4 billion on pizza A Mac programmer from Florida, Laszlo Hanyecz discovered #Bitcoin in April 2010 when it was less than $0.01. His goal was to help more people run the software. Back then, $BTC only ran on Windows. Laszlo quickly translated Satoshiās code for MacOS. He wrote software users began running within a week. Hereās the computer he wrote it on: an iBook G4 š² Laszlo quickly became one of Satoshiās most trusted contributors Hereās Satoshi and Laszlo discussing what gives BTC value and the mechanics of how payments work š Laszlo and Satoshi also discussed #Bitcoinās future design Hereās Laszlo pushing back against those who already didnāt think the network could scale š Laszlo was one of the first 5 developers to work on #Bitcoin. Hereās Satoshi crediting him for his work helping to test and review the 3rd version of the software in history š Laszlo wasn't just a coder though. He was the 1st user to mine with powerful GPUs He took computer hardware specialized for video games and quickly boosted the networkās hashpower š„ Laszloās mined 35,000+ BTC in just the first 2 months He was making 700+ BTC a day His wallet balance grew to over 80,000 #Bitcoin š¤Æ Satoshi didn't like what he saw In fact, he wrote an email to Laszlo asking him to reconsider how he was mining. He wanted to keep it easy for "100% of people" to earn Bitcoin š¤ Rather than quit mining, Laszlo decided to give back to Bitcoin. In fact, he dusted off one of Satoshiās own ideas ā taking an example from the official Bitcoin FAQ. So, on May 18, 2010, Lazlo went on to the Bitcoin offered to send 10,000 $BTC to anyone who would buy him dinner. 10,000 BTC was worth just ~$41 š¤Æ
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