Apartment, Bitcoin, Bitcoin (BTC), Cryptocurrency, Early Days, Former Developer, Kashmir Hill, Martti Malmi, NYT Reporter, Sake Zone, Selling 55k BTC, shrimp tempura rolls, Spending BTC, Spending crypto, sushi dinner, tech reporter, Yung Chen

As bitcoin touched an all-time price high this week, the tech reporter at the New York Times, Kashmir Hill, recalled how she spent 10 BTC ($224k) for a sushi dinner for a couple of dozen strangers. Hill wrote about the dining experience in a recent article called “How I Blew My Bitcoin on Sushi: My $200,000 Sushi Dinner.†Additionally, the early bitcoiner Martti Malmi wrote about how he sold 55,000 BTC which would now be worth over $1.2 billion.

Journalist Spends 10 BTC on a Sushi Dinner With Strangers in 2013

The price of bitcoin (BTC) has climbed to new price heights this past week and a few people have been writing about spending coins in the early days.

For instance, the well known New York Times (NYT) tech columnist Kashmir Hill recently wrote about her experience living on bitcoins for a whole week in 2013. Hill said she spent $136 per coin on Coinbase at the time, and one evening spent 10 BTC ($224k) on a sushi dinner.

“Back in May 2013, I spent in one night what would be worth approximately $200,000 today on raw fish and shrimp tempura rolls for people I had just met,†Hill said of her week-long crypto experience.

“I was a reporter at Forbes magazine at the time covering technology and privacy. Bitcoin had come on my radar as a privacy-protective technology allowing people to make anonymous online purchases, kind of like paying cash in the real world.â€

Apartment, Bitcoin, Bitcoin (BTC), Cryptocurrency, Early Days, Former Developer, Kashmir Hill, Martti Malmi, NYT Reporter, Sake Zone, Selling 55k BTC, shrimp tempura rolls, Spending BTC, Spending crypto, sushi dinner, tech reporter, Yung Chen
NYT reporter Kashmir Hill spent 10 BTC on a sushi dinner at a restaurant called the Sake Zone. Because he accepted bitcoin (BTC) back in the early days, Sake Zone owner Yung Chen managed to retire after collecting 41 BTC over the years.

On the very last night of her week-long bitcoin spending spree, she decided to celebrate by having a sushi dinner at a place called the Sake Zone. She opened an invitation to complete strangers on Reddit and booked a table for 15 or more at Yung Chen’s Sake Zone.

Then years later after the spending experiment in 2020, Hill called the restaurant’s owner Yung Chen to see how he was doing. Thanks to his merchant acceptance at the time including Hill’s 10 BTC dinner, Chen managed to acquire around 41 BTC ($923,000). Chen and his wife decided to retire after being “tired of the long hours,†Hill wrote.

Sake Zone owner Yung Chen said:

Martti Malmi: ‘I’d Be a Billionaire Now if I Hadn’t Sold the 55,000 Bitcoins I Mined’

In another story, the early bitcoiner Martti Malmi recalled this week how he would have been a billionaire if he didn’t sell 55k BTC back in the day. Malmi was a Bitcoin developer between 2009 and 2011.

“I’d be a *billionaire* now if I hadn’t sold the 55,000 bitcoins I mined on my laptop in 2009-2010 way too early (mostly before 2012),†Malmi tweeted on Friday. “That is regretful, but then again, with the early bitcoiners we set in motion something greater than personal gain,†he added.

Apartment, Bitcoin, Bitcoin (BTC), Cryptocurrency, Early Days, Former Developer, Kashmir Hill, Martti Malmi, NYT Reporter, Sake Zone, Selling 55k BTC, shrimp tempura rolls, Spending BTC, Spending crypto, sushi dinner, tech reporter, Yung Chen
Early bitcoiner Martti Malmi was Bitcoin software developer between 2009 and 2011. This week Malmi recalled spending 55k BTC and if he hadn’t spent the coins he’d be a billionaire today. Malmi was able to snag a nice studio apartment in 2011 with some of his bitcoins.

Malmi also remembered how he ran a bitcoin exchange for a while in 2010. “At the time, there was no established exchange rate, and I operated it more like a bitcoin faucet than a business, ending up with 30,000 BTC less,†Malmi said. The early bitcoin proponent said that he did get a bit more than just two Papa John’s pizzas.

Malmi further tweeted:

Malmi recalled a time in 2011 when he offered a 1,000 BTC bounty for “getting a major business to accept bitcoin,†and said it was never claimed. After he decided to hold his BTC but then had to sell most at “a bad rate (~$5) in 2012 when finding a new job took longer than expected.†The early adopter said that he’s kept “varying amount of savings in BTC†and he’s happy about the recent price development.

“Thank you, Satoshi and others who have made Bitcoin what it is today,†Malmi concluded. “May it bring peace and prosperity to the world. Long live Bitcoin.â€

What do you think about Kashmir Hill’s $200k sushi dinner and Martti Malmi selling 55k bitcoin for extremely low prices? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

An official notice stemming from the Changji prefecture government in Xinjiang details that officials from the Zhundong Economic-Technological Development Park must instruct bitcoin miners to shut down. China’s province of Xinjiang is a highly concentrated region of bitcoin miners and bitcoin activities at the park must cease by June 9, according to the document. Nevertheless, […]

Xem chi tiết: Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday […]

Xem chi tiết: Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely†headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests […]

Xem chi tiết: Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Crypto Payments App Bottlepay Is Now Available Across Europe

U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans […]

Xem chi tiết: Crypto Payments App Bottlepay Is Now Available Across Europe

Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what the rise of defi could mean for […]

Xem chi tiết: Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu. A court order secured by New York Attorney General Letitia James told Coinseed to halt all of its operations. Following the announcement of the shutdown, Coinseed’s CEO said he created an ERC20 token called “FLJ†[…]

Xem chi tiết: NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

One of the biggest franchises in the videogame industry, Grand Theft Auto, will feature in-game payments of “bitcoin†or another fictional cryptocurrency. Contractors will pay the player with this currency when they need to make anonymous, untraceable payments. This would constitute another push for Bitcoin awareness into mainstream media culture. Grand Theft Auto 6 to […]

Xem chi tiết: Grand Theft Auto 6 to Feature a Fictional Cryptocurrency

Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery†of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers. The official story has a number of inconsistencies and federal investigators did not disclose how the FBI was able to confiscate the Darkside gang’s private […]

Xem chi tiết: Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

El Salvador Offers No Capital Gains Tax, Permanent Residence to Crypto Entrepreneurs

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

FBI Agent Recovers Private Key to $2.3M in Bitcoin Paid to Colonial Pipeline Hackers

Other Articles