The following is an excerpt on Bitcoin Pizza Day from “Fiat Ruins Everything” by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book.

Pizza Day is often viewed with a sense of regret.

The well-known story goes like this: many years ago, Laszlo Hanyecz bought two Papa John’s pizzas, and in return, some fortunate person received 10,000 BTC.236 This tale resembles that of Peter Minuit purchasing Manhattan Island for a mere $24. It’s hard to believe such a transaction took place, considering the current value.

The story has several…

Read more on BitcoinMagazine

This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.

Bitcoin, Not Blockchain

Bitcoin, not blockchain. This has been a prominent meme throughout the past two epochs, guiding noobs towards a Bitcoin-only way of life, away from the fraudulent “cryptos” promising greater “blockchain tech”. Yet, here we are, more focused than ever on the blockchain. But this time it’s different: The whole world has a laser-eyed focus on the Bitcoin blockchain. The driving force for this attention is a new meta protocol — a protocol that rides on top of the Bitcoin protocol — called Ordinals. Ordinals is a novel…

Read more on BitcoinMagazine

Michael Saylor, co-founder of MicroStrategy, expressed his support for the growing consensus on a new regulatory framework for digital assets. In his tweet, he highlighted a growing agreement among different stakeholders on the need for regulations that are ‘sweeping and balanced in their coverage.’ He believes such frameworks would benefit Bitcoin, the broad crypto industry, the United States, and global markets. Saylor said the last would help increase the adoption and stability of proposed regulations in the cryptocurrency sector. The framework is said to be for safeguarding investors while nurturing the greatest innovation and technological advancement. It is seen as a move towards legitimizing crypto assets in the financial systems worldwide. Saylor’s endorsement of the same is one of the loud voices to mainstream acceptance of cryptocurrencies. His positive outlook on the future of digital assets under new regulations teases a bright horizon for investors and other industry traders globally.

X