Let's go back in time.
It's noon, May 18, 2010.
The oldest cryptocurrency forum, Bitcointalk.org, sees programmers engaging in mundane conversations. They discuss the development of the Bitcoin source code and the challenges it may face.
One of the participants on Bitcointalk.org was Laszlo Hanyecz.
He frequently corresponded with Satoshi Nakamoto and even mined bitcoins himself.
So, on May 18, 2010, Laszlo Hanyecz enters Bitcointalk.org with quite an interesting idea.
He starts a thread and offers to send 10,000 Bitcoin to anyone who orders him two pizzas and gets them delivered to his home. He also lists in detail what toppings he prefers.
At that time, 10,000 Bitcoin was equivalent to $25.
There were many interested parties, but many couldn't complete the transaction because the protocol was slow.
The fee at that time was 0.99 Bitcoin, and confirmation took 4 days.
A forum participant named Jeremy Stt urdivant from California became the buyer.
He paid 41 dollars for two pizzas from Papa John's.
And so... 4 days later, on May 22, 2010, a user with the nickname "laszlo" posted that the deal has been sealed.
This date became known as Bitcoin Pizza Day.
The very idea of buying something tangible with cryptocurrency was considered revolutionary at that time.
Where did those 10,000 Bitcoin go?
At that time, Jeremy Stt urdivant was only 19 years old.
He couldn't have imagined that fate just gifted him a chance to become a millionaire.
However, Stt urdivant quickly spent his Bitcoin on various trivial things.
At the time of his last purchase, the Bitcoin exchange rate was around $400.
Stt urdivant considers it a successful investment.
Like Hanyecz, he forever engraved his name in the history of cryptocurrencies.
"Give a man a pizza, he'll be fed for a day; let him buy pizza with Bitcoin, and it will revolutionize the economy," St urdivant jokingly remarked once.
Remember, this was in 2010 when the Bitcoin exchange rate was only about $0.01. But even at such a rate, the coins were simply not valuable to anyone.
There were no exchanges, wallets, or fast Lightning Network payments.
Hanyecz simply had these 'hypothetical' coins stored on his hard drive.
If he hadn't made the initial proposal, those Bitcoin would have continued gathering dust in his disk.
The value of Bitcoin primarily depends on the acceptance and demand from new users.
The most expensive pizza in history became the catalyst for market development.
Just a couple of months later, the first cryptocurrency exchange appeared.
TL;DR: Today we celebrate Bitcoin Pizza Day. On May 22, 2010, Laszlo Hanyecz, a programmer, bought two pizzas for 10,000 Bitcoin. At that time, this was worth very little. Today this would be over $268 million.
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