Pizza

Bitcoin Pizza Day

Papa

Bitcoin

USDC

<div class="protos">
 Bitcoin maxis have branded Coinbase an ‘enemy of Bitcoin’ and accused it of ‘cultural misappropriation’ after the crypto exchange decided to sell pizza with USDC on Bitcoin Pizza Day.
 On May 22, Coinbase set up a pizza truck selling slices for $1 worth of USDC. Coinbase said it was “celebrating how far crypto has come since 2010 in helping to create a cheaper, faster system.”
 However, some crypto enthusiasts weren’t impressed by the USDC pricing. Users on X (formerly Twitter) claimed the crypto exchange should be ‘ashamed,’ questioned why the truck wouldn’t accept bitcoin, and said Coinbase is behaving like a ‘bad actor.’
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 BREAKING NEWS Bitcoin Maxis are attempting to destroy the Coinbase pizza truck. pic.twitter.com/XQGshtGTIe— rasmr (@rasmr_eth) May 22, 2024
 </blockquote>
 </div>
 </figure>
 One attendee filmed themselves next to the <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> truck claiming, “The <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> pizza guys are trying to beef with <a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a>.” One man can then be seen walking by with a sign that reads “It’s <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> Pizza Day not Shitcoin Pizza Day.”&nbsp;
 Another passerby can be heard saying, “This is a cultural misappropriation of bitcoin.” Additionally, someone claiming to be a core contributor to BTCPay Server was also pictured behind the Coinbase Pizza truck holding the same ‘Shitcoin Pizza Day’ sign.
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 It's a #<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> Pizza Day , not Shitcoin Pizza Day @<a rel="noopener noreferrer nofollow" title="Coinbase" href="https://thebittimes.com/tag/coinbase.html">Coinbase</a> pic.twitter.com/DyK0lrIOOm— Uncle Rockstar Developer (@r0ckstardev) May 22, 2024
 </blockquote>
 </div>
 </figure>
 Read more: UK watchdog protects Papa John’s pizza lovers from free Bitcoin
 However, others were skeptical of the protests, with one user noting, “Bro it’s such a good marketing ploy. No one is organically counter-protesting a Coinbase pizza truck.&nbsp; I’m like 99.9% that this is a publicity stunt.”&nbsp;
 Another joked, “Bro said cultural misappropriation lmao <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>ers are down SO BAD.”
 Bitcoin Pizza Day started in 2010 and marks the first-ever ‘real-world’ bitcoin transaction when Laszlo Hanyecz paid someone 10,000 BTC to order two Papa John’s pizzas. That figure would be worth just under $700 million today.
 Papa John’s frequently celebrates Bitcoin Pizza Day but was criticized by the UK’s advertising watchdog in 2021 for trivializing crypto investing.
 Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;Instagram,&nbsp;Bluesky, and&nbsp;Google News, or subscribe to our&nbsp;YouTube&nbsp;channel.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/coinbase-accused-of-celebrating-shitcoin-pizza-day-with-usdc-promo-tbt89463.html">https://thebittimes.com/coinbase-accused-of-celebrating-shitcoin-pizza-day-with-usdc-promo-tbt89463.html</a>

Coinbase accused of celebrating ‘Shitcoin Pizza Day’ with USDC promo

TheBitTimes

Other articles published on May 23, 2024

Crypto Market Awaits SEC Decision on Ether ETF

Breaking: Coinbase Loses Supreme Court Case Over Dogecoin Dispute

Cryptocurrency Aptos Down More Than 4% Within 24 hours

The Million Dollar Vision: How This MEME Coin Could Make You Wealthy

Ethereum ETFs: Can They Flourish Amid SEC Examination without Staking?

SEC Chairman Addresses Cryptocurrency Market Concerns

Join our free newsletter for daily crypto updates!