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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":94,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Bitcoin Pizza?","slug":"what-is-bitcoin-pizza","section":"B","keyword":"Bitcoin Pizza","status":"published","definition":"an event in Bitcoin history when Laszlo Hanyecz paid Jeremy Sturdivant 10,000 BTC for two pizzas.","content":"<p><strong>Bitcoin Pizza</strong> describes the object of a historical crypto transaction. On <strong>May 22, 2010</strong>, <strong>Laszlo Hanyecz</strong> posted on the Bitcointalk forums, asking if someone would be willing to order him two large pizzas for 10,000 <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">
Bitcoin (BTC)</strong></a>. <strong>Jeremy Sturdivant</strong> saw the post and agreed to buy Hanyecz the pizzas.</p>\n<p>The exchange marks <strong>one of the first real-world transactions</strong> in history. The most notable thing about this transaction was the amount spent. Bitcoin had only been around for a little over a year, having been launched in 2009. It would take another year, until 2011, before Bitcoin reached a one-to-one ratio with the USD.</p>\n<p>At the time of writing, the amount Hanyecz paid is worth over <strong>$400 million</strong>, and the price of a single BTC is equal to <strong>$40,000</strong>.</p>\n<p>Over the years, <a href=https://www.bitdegree.org/"https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-pizza-sell-crypto-jeremy-sturdivant-b1854212.html/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>both Hanyecz and Sturdivant have made comments</strong></a> about the historic transaction.</p>\n<p>Hanyecz stated that he did not regret the decision to spend crypto on the two pizzas, despite seeing the market cap growth. He said he saw no point to hold onto cryptocurrency without spending anything since that would make the whole system meaningless.</p>\n<p>Sturdivant, who ordered the two pizzas for Hanyecz and received 10,000 BTC, ended up spending the funds on a business trip. He stated that he was proud to have had a role in the “global phenomenon” of Bitcoin. He also said that he would have held it for longer if he had seen it as an investment, and was shocked by the sudden surge of the Bitcoin market cap.</p>\n<p>The rise of Bitcoin’s price was unprecedented at the time, given how niche the Bitcoin community was at that stage. As Sturdivant put it, it was hard to expect that Bitcoin would have the purchasing power to acquire real estate.</p>\n<p>Bitcoin Pizza Day has become a notable event in the history of crypto. It is celebrated on <strong>May 22</strong> every year.</p>","level":"medium","meta_title":"What is Bitcoin Pizza? Definition & Meaning | Crypto Wiki","meta_description":"Bitcoin Pizza meaning: Bitcoin Pizza - an event in Bitcoin history when Laszlo Hanyecz paid Jeremy Sturdivant 10,000 BTC for two pizzas.","meta_keywords":null,"language":"en","created_at":"2022-02-14T13:03:59.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bitcoin-pizza"},"prevSection":{"id":92,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Bitcoin Improvement Proposal (BIP)?","slug":"what-is-bitcoin-improvement-proposal-bip","section":"B","keyword":"Bitcoin Improvement Proposal (BIP)","status":"published","definition":"is a collection of documents that propose specific modifications to Bitcoin.","content":"<p><a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin doesn't have a defined structure or organizational regulations, meaning that there is a different standard for suggesting new ideas and changes to Bitcoin. These ideas can be proposed by almost anyone, regarding <strong>the development process or community standards</strong>.</p>\n<p><em>BIP doesn’t have a centralized leader, and the process is organized by the Bitcoin community.</em></p>\n<p>2011 was the year when the first-ever BIP was released, and every BIP can be seen on <strong>GitHub.Bitcoin.</strong> BIPs usually begin as developers email their proposals to the email list, and if anyone is intrigued, they will respond. However, not every idea gets a response. Some remain in discussion for several years.</p>\n<p>Once the idea is optimized, it gets a BIP number and gets posted to GitHub.Bitcoin, the database for BIPs.</p>\n<p>The proposals have three categories:</p>\n<ul>\n<li><strong>Process BIPs.</strong> These are the proposed process improvements that are not part of the Bitcoin protocol.</li>\n<li><strong>Standards Track BIPs.</strong> These refer to changes to the protocol or validation techniques.</li>\n<li><strong>Informational BIPs.</strong> Intended to teach and promote awareness.</li>\n</ul>\n<p>Process and Standards Track BIPs have to be evaluated and debated within the community. However, if the community wants, the informational ones can be overlooked.</p>\n<p><em>It’s important to note, though, that some changes and modifications don’t need BIP.</em></p>\n<p>A great example of BIP is <strong>the confidential transactions proposal by Gregory Maxwell</strong>. It was accomplished through Pedersen Commitment - a cryptographic tool. This tool hides the values in a transaction, making everything anonymous.</p>","level":"easy","meta_title":"What is Bitcoin Improvement Proposal (BIP)? Definition & Meaning | Crypto Wiki","meta_description":"Bitcoin Improvement Proposal (BIP) meaning: Bitcoin Improvement Proposal (BIP) - is a collection of documents that propose specific modifications to Bitcoin.","meta_keywords":null,"language":"en","created_at":"2022-02-14T11:56:57.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bitcoin-improvement-proposal-bip"},"currentChapter":"B","currentSection":"what-is-bitcoiner","chapterTitle":"B","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-bitcoiner","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter B
What is Bitcoiner?
Bitcoiner MEANING:
Bitcoiner -
Bitcoiners are Bitcoin devotees that are heavily involved in the cryptocurrency sector.
Let's find out Bitcoiner meaning, definition in crypto,
what is Bitcoiner,
and all other detailed facts.
Bitcoiners are very engaged in the cryptocurrency world. Some of them might be holding their bitcoins for at least a decade. To be fair, these individuals tend to keep track of the ups and downs of the Bitcoin price, and either celebrate their recent profit or complain about the drawdown and their loss.
Bitcoiners remain steadfast in their belief that, in the future, Bitcoin will continue to thrive in the cryptocurrency market cap.
Another popular belief among Bitcoiners is that Bitcoin will supposedly be the stepping stone in the political and financial system transformation. Besides, Bitcoin is a decentralized digital currency that doesn’t have a central bank involved in its functions.
