Steak 'n STACK? Fast food giant Steak 'n Stack accepting Bitcoin! | Britcoiners by CoinCorner #171

Transcript

Yeah, are we - surely we're all on the same side - that we can just ignore bits and just stick to sats and just stop it coming back? I'm on... Are you team bits? No, I'm team "shut the f*** up".

Yay, that is too happy. Okay, I'll turn it down. Hi everyone. Right guys, welcome back - this is Britcoiners, episode 171. Uh, please remember to like and subscribe. See, I remembered. Well done, Molly. Thank you, thank you, thank you.

Um, agenda this week: we've got - finally - discussing Cambridge's Bitcoin mining report, 'cause Dave has actually read it. Uh, the SEC and Dell - He hasn't read it. Oh okay, you skimmed over it then. Uh, scientists turning lead into gold, we've got Coinbase hack, we've got Steak and Shake, we've got update on UK crypto regs, Bitcoin with new record weekly closes, sats versus bits debate again. Well, it comes around every six months. I like that, just 'cause I've got some comments on it.

Okay, uh, Ripple CEO has got beef with Cynthia Lum - I've got some comments on that as well. And Jim Cramer has turned bullish on Bitcoin. Jim Cramer? Kramer? Cramer? No one knows how to pronounce his second name, we get that wrong every time.

Um, so yeah, and also, hopefully when this comes out, it'll be Bitcoin Pizza Day. What is Bitcoin Pizza Day, for those that don't know, Molly? Best day of the Bitcoin calendar year! I wonder what it is though? Asking what it is...

Um, I don't know how many years ago it was now - 2010, I think? A guy called, uh, Laszlo - I can never remember his surname, Lo? We'll go with "LLO" - posted on a Bitcoin Talk forum that he wanted to buy some pizza with Bitcoin, and he paid 10,000 bitcoins at the time for two Papa John's pizzas. It was worth $40 at the time, and as of today, I think it's worth over a billion - those 10,000 bitcoins. So it's like an iconic day in the Bitcoin industry that we celebrate. Did he not pay 10,000? I always get this - if we go back, I'm sure - did he not pay 10,000 per pizza? No, I thought it was 10,000 for both. I've only ever heard it as 10,000. I think it was 10,000 for both. I think it's been... I'm sure I've got in my head that he actually ended up paying 10,000 per pizza. I think it's - you can find the original post, can't you? Yeah, I linked it in - that was it, yeah. I know. You know, I admit there's a couple of things that are inaccurate with it, because it's actually technically not - it's just the way it's been reported over the years. It's like one of those things over the years: 10,000 bitcoins for a couple of pizzas.

Yeah, but then actually, when he actually paid - I don't know when he actually - 'cause this is like the start of it - but then actually when you follow it down, 'cause he actually didn't pay until, uh, a couple of days later? Days, yeah. He didn't get the pizzas and pay and stuff until like two or three days later, was it? So Bitcoin Pizza Day is on the wrong day? So it's like there's lots of little things like that, but over time obviously that just gets lost. Um, and obviously you can go and find it - it's history. But - or is it on the right day, because the first post was on the 21st? Was it? Is it not the time - Well, "I successfully traded 10,000 bitcoins for pizza" - what day was that on? And the picture as well. I can't remember if the picture was the real picture or not. There's a picture that floats around, isn't it? Yeah, there's a couple of... Papa John's, wasn't it? It was Papa John's, yeah. But two large pepperoni pizzas - terrible toppings. What was it? Was it pepperoni? No, it was - was it olives on the...? I'm sure he said - Weird one. And the image is no longer available, unfortunately. Oh, that's a shame.

But it's one of the best days, I think, in the - It wasn't even the first transaction, was it? No, it wasn't, no. So it was... yeah. Why are we celebrating it? Why not? It's just become a thing now, hasn't it? I know, but... A thing from marketing departments. We love it. Mhm. That's what I feel like. Yeah, it's like our - you know, they call them Hallmark days. It's just like days that have been made up as celebrations to sell a few cards. It's like... Valentine. Valentine Bitcoin. Yeah, it's Bitcoin's version of - Coin is Valentine's Day and Molly's Hallmark. It's - was it not - what is it - Hallmark? The thingy. And they made up - was it - it wasn't Valentine's Day, it was another one. They probably - like Mother's Day and Father's Day - they made them up. Along - if you look back in history, it's like they've just basically turned them into what they are because they sell cards and they've managed to make an industry off the back of it, basically. Um, it was quite incredible. I know - marketing departments knew the same thing. Well, don't be having any of the free pizza that we're having on Thursday then. Where are you getting free pizza from? Someone's got to pay for it. Probably me. Right, right. Well, happy Bitcoin Pizza Day to all those that celebrate. To all those that - we've gone down a rabbit hole, haven't we? We're looking at Walmart and what holidays they invented. Let's stick to the agenda...