The mainstream principle popularized by the book Outlier: The Success Story is that it takes 10,000 hours of devotional practice in this area to become an expert in any field.
Every hour is worth the effort and not wasted.
Those 10,000 hours spent are critical to becoming an expert in whatever you strive for and make these 10,000 hours the epitome of the recipe for success.
Of course, 10,000 hours can be specified in many ways. Those 10,000 hours could be scaled down to 417 days, or three hours a day for 3,333 days, a little over nine years. In 2010, 33.333 hours means 2,000 minutes, or the time it takes to mine 200 consecutive blocks on the Bitcoin network and produce 10,000 Bitcoins from block rewards.
The number 10,000 has become the universal indicator of how we measure the amount it takes X to reach Y. The meaning of 10,000 is obvious, and while those 10,000 bitcoins used to buy pizza may seem arbitrary at first glance; It was these 10,000 bitcoins that became an allegory for their own endeavors, an argument for innovation, change and a new frontier in monetary financial decentralization. It was these 10,000 Bitcoins that drove a monumental moment for Bitcoin and marked the first real-world use case for the emerging digital currency.
You see, there’s more to this legendary union between the world’s first cryptocurrency and everyone’s favorite food. It’s about more than just Laszlo Hanyecz innocently using Bitcoin to buy these two great Papa John’s pizzas. It’s about more than just Laszlo marking the first real Bitcoin transaction. It’s about more than just people using the “infinitely sliced pizza” analogy to defend Bitcoin’s delivery cap.
Pizza was the perfect choice to spend those bitcoins on.
It’s the flattened, soured wheat base of a pizza that’s a symbol of Bitcoin’s flattened hierarchical system.
It’s the wood-fired baking process that hardens the outer crust rim, aptly synonymous with the cryptographic burning of energy to secure a block in the hash-based proof-of-work process.
It is the endless variation of sauces and toppings on a pizza that can be characterized as the endless layers that the Bitcoin ecosystem quickly builds on top of the Bitcoin base network. From tomato sauce to mozzarella cheese and endless toppings such as anchovies, mushrooms, onions, olives, peppers; The result would be lightning, liquid, OmniBolt, WBTC, umbrella, sphinx, etc.
A small pizza is called a pizzetta. A person who makes pizza is known as a pizzaiolo. A small bitcoin, or the smallest bitcoin denomination, is known as a satoshi. A person who “makes” bitcoins is known as a miner.
A pizzaiolo prepares the pizza dough to be truthfully kneaded, leaves it undisturbed and gives time to examine. However, the proof here is not in the pudding or the sauce, but in the cryptographic hashing in Bitcoin’s proof of work, the honest kneading of a block that is the only truth.
What began among the ancient Greeks and then became popular in Naples, Italy is now a globally popular dining option that is unbiased about race, religion, ethnicity, and gender.
The word “pizza” in the Lombard word context is “Bizzo” or “Pizzo” and means “bite”. It refers to the English words “bit” and “bite” .1 Bitcoin’s “bit” and “byte” is the quintessential underlying raw information that is needed to convert the value of one set of 256 bits to another set of 256 bits or 32 bytes.
In 2021, 10,000 bitcoins should have been generated from 1,600 consecutive blocks in 16,000 minutes, which would have cost millions of dollars in resources, energy, manpower and research. Don’t forget the delicate, precise manufacture of ASIC chips – a culmination of more than 10,000 hours of mastery.
The collectors work every hour. Every bitcoin is much more than just proof of work.
Eleven years have passed since that day when those 10,000 bitcoins – valued at around $ 41 at the time – were used to buy pizza. But in those eleven years, Bitcoin has survived four bull / bear markets, three halves, multiple hard forks, and constant malicious attacks from ignorant critics whose only job is to raise awareness among the uninformed.
These 10,000 hours are in no way equivalent to 10,000 bitcoins. The endless effort expended in those tireless 10,000 hours embodies the effort behind 10,000 bitcoins; a process that should not be seen naive for nothing.
Bitcoin is the most popular native digital asset today and is impartial in terms of jurisdiction, political faction, economic status, age, etc.
Pizza is made for the masses. Bitcoin is made for all business classes.
It is the melting and browning of the hearty cheese that holds the entire pizza together in an asynchronous manner, with each strand of cheese representing a node in the network that holds the necessary connection of validation and truth and forwards it to every other strand.
Sure, Laszlo could have chosen to order a sandwich, McDonald’s, or even halal food, but the sheer coincidence that pizza was chosen can illustrate the fortuitous fate and similarities between the two. And regardless, ordering another food option wouldn’t have rolled off your tongue as nicely as …
Happy bitcoin pizza day.
This is a guest post by Eric Choy. The opinions expressed are solely their own and do not necessarily reflect those of BTC, Inc. or Bitcoin Magazine.