• 23 May 2014 at 4:19 PM

The Bitcoin Bugle: Happy Belated Bitcoin Pizza Day

Can you believe it’s been four whole years since someone bought the first pizzas ever with bitcoins? Can you believe he paid 10,000 of the things for them? Well, in honor of this holiday of sorts, the Oxford English Dictionary has placed “crytocurrency” next to “bitcoin” in the definitive list of English words. Not literally next to it, of course. In fact, since the OED doesn’t even publish a hard copy anymore, not literally next to anything. But worthy of a $300,000 slice of pizza in celebration, anyway.

English is a fluid language where words constantly change their meaning where bad is good but the latest additions to Oxford Dictionaries Online, the free dictionary of current English language, will have you scratching your head in disbelief or just puzzlement….

Other words or phrases included for the first time are ‘zero-hours’, ‘cryptocurrency’ (such as bitcoins) and ‘bikeable’, which is where you can safely use your bicycle.

Alas, Bitcoin Pizza Day was not all fun and games; it was decidedly less happy for a rival fake currency.

The price of Ripple coins, the internal currency of a network designed to cheaply exchange money in different currencies, plunged Thursday after the system’s initial developer announced he would be liquidating his entire stake.

The announcement from Jed McCaleb, a key figure in the world of cryptocurrencies, caused shockwaves through the close-knit community of enthusiasts for San Francisico-based Ripple Labs, whose Silicon Valley-funded project is often cited as a major challenger to bitcoin.

The price of Ripple’s coins, known by their code as XRP, dropped 65% over a 24-hour period after Mr. McCaleb said on an independent Ripple message board, “I plan to start selling all of my remaining XRP beginning in two weeks.”

He added, “Because I have immense respect for the community members and want to be transparent, I’m publicly announcing this before I start. So just fyi.”

May 22nd is Bitcoin Pizza Day [Cryptocoins News]
‘I really want Sherlock and Molly to ship’: It’s the new way to say that you want someone to be in love, according to Oxford Dictionaries Online’s list of new words [Daily Mail]
Ripple, Alternative Digital Currency, Plunges As Founder Liquidates [WSJ MoneyBeat blog]

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  1. Posted by dallas salestrader | May 27, 2014 at 2:07 PM

    Its Cryptocurrency not “crytocurrency” Shazar. If Bess is paying you in chewing gum, its too much…