"Without spending, BTC wouldn't have become what it is today," he added.
Antonopoulos' tweet came on Bitcoin Pizza Day - a crypto holiday commemorating the first documented commercial purchase using Bitcoin.
Approximately 10 years ago, programmer Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas, totaling around $41 at the time.
At present day valuation, 10,000 BTC would be worth approximately $92.5 million.
Around two years later, in 2012, Antonopoulos bought one pound of coffee beans for 5 BTC, according to his May 22, 2020 tweet recounting the experience.
Cointelegraph reporter Sam Haig said he paid 1 BTC for a used $600 laptop computer in 2014, after buying that 1 BTC for only $70 in 2013.
Cointelegraph editor, Jeffrey Albus, recounts a similar story, in which he paid 15 BTC for a steak dinner in 2011.
"12 BTC went to paying for the meal. The other 3 BTC were given to our waitress as a tip using a paperwallet." reveals Albus, adding wistfully "I'm sure she just threw them away."
Antonopoulos' tweet yielded a bevy of comments as many early industry participants expressed similar woes, including tales of BTC spent on candles and diapers.
Early Bitcoin adopter and Gemini exchange co-founder Tyler Winklevoss paid 312.5 BTC for a Virgin Galactic spaceship ticket in 2014.
We Have All Had A 'Pizza Day Moment'
Published on May 22, 2020
by Cointele | Published on Coinage
Ethereum stands to benefit greatly from DeFi "eating" traditional finance: analysts
There are many hacks of DeFi applications, like when a hacker recently drained $25 million worth of Ethereum and other crypto assets from a decentralized lending platform called dForce.
Electroneum to Launch Electricity Top-Ups Across Africa
The blockchain-based digital payment project, Electroneum, will be launching an in-app electricity top-up feature across four African countries - Nigeria, Senegal, Mali and The Gambia.
Colombia Is The Ransomware Capital Of Latin America
A study unveiled on May 28 by the National Police of Colombia shows that ransomware attacks are a rising trend across the country.
SEC Comm: A Bitcoin ETF Could Help Fairly Price Grayscale's GBTC
The SEC commissioner Hester Peirce believes that a Bitcoin ETF could help price more fairly Grayscale's Bitcoin Trust.