Made popular by the book, “Outliers: The Story of Success,” the mainstream principle states that, in order to become an expert in any field, you need 10,000 hours of devotional practice in that field.
With every hour being worth every effort and not wasted.
Those 10,000 expended hours are pivotal for one to become an expert in whatever they are striving for, making those 10,000 hours quintessential to the recipe for success.
Of course, 10,000 hours can be denominated in many ways. Those 10,000 hours could be broken down to mean 417 days’ worth of hours, or three hours a day for 3,333 days, which is slightly over nine years. In 2010, 33.333 hours translates to 2,000 minutes, or the time it would take to mine 200 consecutive blocks on the Bitcoin network producing 10,000 bitcoins from block rewards.
The number 10,000 has become the universal bellwether for how we measure the amount needed of X to achieve Y. The significance of 10,000 is apparent and, while those 10,000 bitcoins used to purchase pizza may, at first glance, just seem arbitrary; it was those 10,000 bitcoins that became an allegory for its own aspirations, an argument for innovation, change and a new frontier in monetary financial decentralization. It was those 10,000 bitcoins that pushed forward a monumental moment for bitcoin, marking the first real-life use case for the nascent digital currency.
You see, there’s more to that legendary union between the world’s first cryptocurrency and everyone’s favorite food. There’s more to it than just Laszlo Hanyecz innocently using bitcoin to purchase those two large Papa John’s pizzas. There’s more to it than just Laszlo marking the first real-life bitcoin transaction. There’s more to it than just people using the “pizza infinitely cut” analogy to defend bitcoin’s supply cap.
Pizza was the perfect choice to spend those bitcoins.
It’s the flattened, leavened, wheat base of a pizza that is emblematic of bitcoin’s flattened…