Today is World Pizza Day and we like to learn you a bit more about expensive pizzas!🍕
In the early days of cryptocurrency, a Florida programmer named Laszlo Hanyecz made history by conducting the first-ever real-world transaction using bitcoin. On May 22, 2010, Hanyecz spent 10,000 bitcoins on two Papa John's pizzas. Little did he know at the time, this purchase would come to symbolize the beginning of the cryptocurrency revolution.
First-ever Bitcoin transaction
Hanyecz was an early adopter of bitcoin, having started mining the cryptocurrency in 2009. By the time of his pizza purchase, he had amassed a significant amount of bitcoins, but with no real-world use case for the currency, they were essentially worthless. Hanyecz saw an opportunity to change that. He offered 10,000 bitcoins to anyone who would order him a pizza and have it delivered to his house.
A fellow bitcoin enthusiast named Jeremy, who went by the online pseudonym "Jercos," agreed to make the purchase on Hanyecz's behalf. Hanyecz transferred the 10,000 bitcoins to Jercos, who used them to buy two pizzas from a local Papa John's. The pizzas were then delivered to Hanyecz's house, and the first-ever real-world transaction using bitcoin was complete. ✅
Expensive pizza
At the time, 10,000 bitcoins were worth just a few dollars. Hanyecz has since said that he didn't think much of the transaction and that he just wanted to see if he could actually use his bitcoins to buy something tangible. But as the value of bitcoin began to soar, the significance of his purchase became clear.
Considering Bitcoin's value in the last years, which was over $69k, these two pizzas can be regarded as the costliest pizzas of all time. So those pizzas were paid with bitcoin that was valued at $690 Million. Hanyecz's pizza purchase is now seen as a defining moment in the history of cryptocurrency, and May 22 is celebrated as "Bitcoin Pizza Day" by members of the cryptocurrency community. 📅
The Birth of the Cryptocurrency Revolution
The story of Laszlo Hanyecz and his 10,000 bitcoin purchase serves as a reminder of the incredible potential of cryptocurrency. At a time when the value of bitcoin was just a fraction of what it is today, Hanyecz had the vision to see its potential. His purchase was a bold move that helped to demonstrate the practical use case of bitcoin and paved the way for the widespread adoption of cryptocurrency. 📈
In conclusion, Laszlo Hanyecz's pizza purchase may have been just a simple transaction, but it was a catalyst for the cryptocurrency revolution. It serves as a testament to the power of innovative thinking and the potential of new technology to change the world.
So remember kids, holding is great! But have some fun along the way! 😉