AMC Entertainment chairman-CEO Adam Aron said the chain will be technologically equipped to start accepting Bitcoin payments for U.S. movie tickets and concessions ordered online by the end of the year, which raises a very personal question: How do I feel about buying a slice of pizza and a Diet Coke with four (4) bitcoins back in April 2011?
Back then, 1 BTC was worth about $1. That’s the only purchase I ever made with the bitcoins I mined from 2009-2012. (I stopped mining them in 2012.) Looking back, lunch that day cost me roughly $185,000. To tell you the truth, the pizza was pretty good, but I get a bit of an upset stomach when I think about it.
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About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.