Pete Rizzo

United States

Editor-at-Large, Kraken at Freelance

Contributor at Forbes

Follow me as Bitcoin makes history ⚡ Host 🎤 @SupplyShockBW Subscribe 🗞️ https://t.co/yI3mmwohMG Contact 📧 https://t.co/1bHsZdri6y

Articles

3 piping hot Pizza Day facts for Bitcoin connoisseurs

3 weeks ago | blockworks.co | Pete Rizzo

Bitcoin Pizza season is back. This Sunday will mark 15 years since early adopter Laszlo Hanyecz first posted his historic, cheesy request to Bitcointalk: Pizza for bitcoins? Hanyecz boldly offered to pay 10,000 BTC to anyone who could deliver two large pizzas - two, "so I have some left over for the next day.
Poorly Understood, Widely Unaccepted: The Bitcoin-at-$100,000 Opportunity

4 weeks ago | zephyrnet.com | Pete Rizzo

By Pete Rizzo, The Bitcoin Historian Back then, Bitcoin was the toast of the financial mainstream. Books were being written about the subject, Bloomberg hosted a "12 Days of Bitcoin" Christmas special (where the host got robbed on air), and every Silicon Valley thought leader had an opinion about its future. Then, reality hit. The trough of disillusionment. Startups pivoted and failed. These were my formative years in the Bitcoin industry.
Seven years since Buffett's Bitcoin barb

1 month ago | blockworks.co | Pete Rizzo

Yes, Warren Buffett is one of the greatest to ever do it. But he clearly has a blind spot for Bitcoin. It's seven years ago today that Buffett famously called Bitcoin "rat poison squared" in front of CNBC reporter Becky Quick. Buffett, who at 94 has just confirmed that he's stepping aside as Berkshire Hathaway CEO at the end of the year, has actually been negging Bitcoin since May 2013.
From meme to bitcoin millionaire

1 month ago | blockworks.co | Pete Rizzo

Imagine being in an industry where a yellow piece of paper is one of your most iconic symbols. Well, that's Bitcoin, and today's legend is none other than Christian Langalis, better known as Bitcoin Sign Guy. Langalis is the young man in a suit who held up a sign that read "Buy ₿itcoin" while Janet Yellen, then-Chair of the Federal Reserve, stood her ground in front of Congress in 2017. Today's story is about much more than just his viral moment, however.
What Bitcoin's Satoshi and Patrick Bateman have in common

1 month ago | blockworks.co | Pete Rizzo

This is a segment from the Supply Shock newsletter. To read full editions, . The final known Satoshi email was sent to Mike Hearn, one of the earliest Bitcoin contributors and former Google engineer, in April 2011. By that point, Bitcoin had been running for 840 days, or less than two and a half years. Satoshi previously said they had been working on Bitcoin's design since 2007 - so at most they were active in Bitcoin development for about four years.
A year after the Bitcoin halving, how much does 1 BTC cost to mine?

1 month ago | blockworks.co | Pete Rizzo

We all know halvings double the cost of production, a fact the media tends to dress up as an existential threat to Bitcoin every four years. Miners seeking profit must also contend with fluctuating difficulty and energy costs. But if the price goes up, at least they'd get more money for every coin they mine. At $88,500, bitcoin is ahead by 36% since the halving.
How Strike is rewiring global money

1 month ago | blockworks.co | Pete Rizzo

Rizzo, the Bitcoin Historian here, back this week with the story of one of the younger Bitcoin legends - I'm talking about the one, the only Jack Mallers. If you've seen Jack in any of the dozens of interviews he's given from his large, empty closet, you know he's an eloquent defender of Bitcoin. You may not know his long road to becoming a successful entrepreneur. Before his work on Strike, he had a few Bitcoin startup ideas that didn't quite work.
Coinbase has come a long way from 'PayPal for Bitcoin'

1 month ago | blockworks.co | Pete Rizzo

Coinbase brought bitcoin to Wall Street long before BlackRock and Fidelity. Four years ago today, Coinbase went public at a $86 billion valuation - a figure that briefly jumped to $100 billion to rival Facebook's debut in 2012. And for all of the business savvy shown by CEO Brian Armstrong and his executive team, Coinbase's story is one of harnessing Bitcoin's natural inertia.
The inventor of blockchain would like a better Bitcoin

2 months ago | blockworks.co | Pete Rizzo

A physicist and researcher cited three times in Satoshi Nakamoto's seminal white paper for his work on digital timestamping is speaking out on the subject of Bitcoin. Scott Stornetta, better known as W. Scott Stornetta, sat down with Blockworks for an episode of the Supply Shock podcast this week, where he discussed his work inventing blockchain record-keeping with Stuart Haber.
The corporate bitcoin dominoes are falling

2 months ago | blockworks.co | Pete Rizzo

All eyes are on the tariff-addled traditional markets today - most notably, people are watching to see whether bitcoin will show ( as it did on Friday) signs that it might perform as a hedge against global uncertainty. Regardless, analysts continue to maintain prior price projections for bitcoin, with Standard Chartered, VanEck and Galaxy all noting that the fundamentals of the industry remain strong, with corporate and government adoption continuing apace.