🍕 Every year on May 22, I dig out Laszlo’s pizza photo.

On the left is him in 2010: grinning, holding two paper boxes—he spent 10,000 bitcoins to buy two pizzas. Back then, one bitcoin was under $0.003, and he thought this deal was pretty worthwhile.

On the right is us in 2026: clutching our phones, staring at the candlestick chart. Bitcoin has risen from a few cents to tens of thousands of dollars, yet we can’t even bear to spend a single Satoshi.

Have you noticed a particularly divisive phenomenon?

Pizza Day has split into two parallel worlds—

World A: Exchanges run events—airdrops, discounts, people sharing photos, sending gift boxes. It’s as lively as New Year’s. Everyone buys pizza with USDT, buys pizza with ETH, and even buys pizza with platform tokens. After taking photos, editing them, and posting them to the square, they add text like “Paying tribute to Laszlo,” and then carry on staring at the candlestick chart.

World B: Not a single person is really using Bitcoin to buy pizza.

I asked a dozen or so old “nettleheads” around me, and none of them is willing to settle the bill with Bitcoin today. The reasons are strikingly consistent:

“Transferring 1 Bitcoin on-chain costs enough to buy half a pizza.”
“If I spend 0.01 BTC today and it rises to 100,000 USD next year…”
“It’s not that I can’t afford it—I’m afraid of regret. Laszlo has already shown me how.”

You see? That’s reality.

What Satoshi Nakamoto wanted back then was “peer-to-peer electronic cash”—low barrier, low fees, usable by everyone. When he wrote the white paper, he must have pictured a scene like this: you buy a pizza, pay 0.001 BTC, the other party receives it instantly, and everyone’s happy.

So what happened?

Bitcoin is too volatile—no one dares to spend it. The chain is congested, fees are too high, and small payments don’t work at all. People have forced it from “electronic cash” into “digital gold”—locked in cold wallets, burning incense every day, but never using it.

So this 5/22, I’m not sharing pizza.

I just want to ask one question:

If we never dare to spend Bitcoin, what’s the real difference between it and a bunch of numbers sitting in a bookmarks folder?

#Gate广场披萨节 #BTC的囚徒困境 #数字佛像 #HODLorDie
$BTC