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How? The retailer gets exactly what they would if they had just asked for local currency, except maybe a little extra business.



My point was rather meta, but it was the choice of language. "Pizza effectively for free" - lots of things about Bitcoin seem to involve people hoping they get something effectively for free.

In the case of the price volatility for hoarding bitcoin while it rises, it underscores the deflationary nature of the currency - no economic value has been contributed by someone holding the BTC, but they've gotten richer regardless. Sitting around doing nothing with the BTC did not produce any economically valuable activity - it wasn't invested or used to finance starting that pizza place, for instance.




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