Before money was invented, trade took place through barter. Food, goods, and clothes were sold and bought through barter. Later, the Lydians revolutionized money and invented it. But there was one thing they didn't know when they invented money. Inflation, supply and value. Until today, money has managed to disrupt the balance against all these factors.
In 2008, a person or persons named Satoshi Nakamoto challenged the Lydians and developed Bitcoin, which is not dependent on any authority. This cryptocurrency, limited to a supply of 21 million, would perhaps be the most talked about investment and trading tool in the world as of 2009. So what was the first thing bought with Bitcoin?
In May 2010, Laszlo Hanyecz, like many in the Bitcoin community, wanted to see how Bitcoin could be used in the real world. At that time, Bitcoin was still new and not widely accepted, so buying a real product was a big challenge.
Laszlo came up with a somewhat crazy idea. He wanted to buy pizza using Bitcoin. He decided to take this step to prove that Bitcoin has real value and can be used for daily expenses. Thus, the beginning of a famous event in Bitcoin history took place.
Laszlo posted an ad on the BitcoinTalk forum and stated that he wanted to buy a pizza for 10,000 Bitcoins. At that time, the value of Bitcoin was quite low, and it was worth about $41 at the time. Laszlo expected a person to agree to order a pizza in exchange for Bitcoin.
A person who saw the ad and supported Laszlo accepted Laszlo's offer. An agreement was made to order pizza, and on May 22, 2010, Laszlo transferred 10,000 Bitcoins from his Bitcoin wallet to this person. In return, he received two large pizzas.
This event is considered a turning point in Bitcoin history. It has proven that Bitcoin has real value and can be used in daily life. Additionally, this event contributed greatly to the popularization of Bitcoin and the growth of the Bitcoin community.
Today, Laszlo's pizza purchase is still remembered and celebrated as "Pizza Day" in the Bitcoin community. This event is an example that highlights the real-world usability and innovative potential of Bitcoin. Laszlo Hanyecz has become an unforgettable figure in Bitcoin history and is highly respected by the Bitcoin community. And every year, the memory of this trade with Bitcoin is enthusiastically celebrated by Binance.
Key Points
The current value of the Bitcoins with which Hanyecz bought two pizzas at that time is approximately 271 million dollars.
The person who bought Bitcoin was Jeremy Sturdivant, who was 19 years old at the time.
Jeremy stated in an interview that he could not predict that Bitcoin would become so valuable and that he spent his Bitcoins for travel purposes at that time.
The first trade in history took place by barter. The first trade of Bitcoin was Long Live Bitcoin with Pizza!
