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