Laszlo Hanyecz, the guy who bought 2 pizzas for 10,000 Bitcoins in 2010 has now bought pizzas again using the “lightning” Bitcoin network. The 10,000 Bitcoins as of today would have been worth 96 million.
Laszlo was keen on trying out real trade using the lightning network. His friend from London agreed to make transactions using the lighting network and in turn made arrangements to get the pizza delivered by a local pizza shop.
The transaction and delivery turned out to be easy-peezy. Laszlo was supposed to show the hash pre-image to the delivery boy. And only when the first 4 and last 4 characters of the hash pre-image matched to the one with the delivery boy would the pizza be delivered to him. The transaction happened immediately and Laszlo was able to devour the pizza with his family.
Laszlo described his deal on his blog, which says,
“I wanted to two pizzas and to try to do it as close to automatically as possible. I didn’t want to prepay and end up with no pizza. As far as I know, we don’t have pizza/ bitcoin atomic swap software but we improvised and decided that I would need to provide the payment hash pre-image to the delivery driver in order to claim my pizza. If I can’t provide the pre-image, providing that I paid, then the pizza would not be handed over and it would be destroyed. ”
Arun Pratap, a crypto-investor says,
“Even I want to do this. Someone find me a dealer from London. Damn!!! The world is actually moving ahead way too fast.”
John Hank, a pizza and crypto enthusiast says,
“Soon, very soon, all the pizza shops all around the world will use Bitcoin Lighting Network. The future is here bois.”
Liza Kurk, a blockchain developer says,
“The main point guys? Bitcoin wasn’t created on this vision or was it? Good PR for Bitcoin though.”
Will the Bitcoin Lighting Network turn out to be useful? Some market observers have felt the gaping disconnect in Bitcoin’s philosophy if this Lightning network is implemented. A few others feel it will resolve Bitcoin’s recent scaling problems with fees and transaction times.
Laszlo concluded his experience on his blog which says,
“So it there any point to do this instead of an on chain transaction? For what I described here, probably not. The goal was just to play around with the c-lighting and do something more than shuffling a few santoshi back and fort. Maybe eventually pizza shops will have their own lighting nodes and I can open channels to them directly.”
The post The guy who bought pizza for 10k BTC now buys pizza using the Lightning Network appeared first on AMBCrypto.
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