On May 22, 2010, Laszlo Hanyecz, a programmer in Florida, spent four days on the Bitcoin forum and exchanged 10,000 Bitcoins for two pizzas worth $25 with Jercos, a cryptography enthusiast. At that time, Bitcoin had been around for less than two years and one Bitcoin was worth less than half a cent.
Today, 15 years later, BTC is worth $26,600. At that time, 10,000 bitcoins were worth nearly $260 million, or about 1.862 billion yuan.
This was the first time that Bitcoin was given an anchored price. That is, the first transaction was made; after this, cryptocurrencies began to slowly enter the real world and intersect with the physical world.
Binance co-founder Yijie once responded to Pizza Day as follows: "We used to send pizza to our friends, and five years have passed. Now we don't use cryptocurrency to buy pizza, but to pay salaries. Life needs a sense of ritual, and so does the crypto community. Every year, Pizza Day reminds us to hold on to the coins in our hands, because you may never be able to buy them back once you sell them."
In the early days of cryptocurrency, everyone could not resist the urge to buy things with Bitcoin. We have seen many such examples, such as using tens of thousands of Bitcoins (before 2018) to buy cars or houses, and using hundreds or thousands of ETH to improve life (when the value was less than $200). Of course, "pizza" may be the most regrettable thing bought with Bitcoin in the world. Now, "pizza" has indeed become a symbol of the sentiment of the crypto world. It has epoch-making significance - it gave Bitcoin an anchor price for the first time. It is the first transaction in the real sense of BTC, giving BTC transaction attributes.
① Pizza Festival has become a symbol of cohesion in the crypto community and one of the community’s annual celebrations, used to enhance cohesion and explore the future of crypto.
② Every year on this day, the media will also make a lot of exposure to attract the attention of the crypto world and increase its own traffic. The public will also learn about BTC through a large number of media reports. It can be said that it has become a traffic entrance in itself and is attracted by major media, communities, and the public.
③The significance of the first transaction. As BTC becomes more and more closely connected with the physical world, the application scope of BTC is also getting wider and wider. Some countries have already used BTC as legal tender and central bank reserves, such as El Salvador. Some companies will also use BTC as one of their investment options, such as Tesla, Meitu Xiuxiu, MSTR, etc. There are also many companies that will choose to support cryptocurrency payments or derivative application scenarios, such as Tesla, Twitter, Amazon, etc. There will also be many celebrities involved to increase their asset allocation, such as Jay Chou and JJ Lin's metaverse road, Curry's NFT road, Mark Cuban, Musk, Trump's encryption journey, and many, many artists' NFTs, etc., and there are also traditional auction giants Christie's layout auctions! In short, the application of encryption is becoming more and more extensive, which has become an unjust fact.
④The most important point is the recognition of inflation and deflation, and the comparison between decentralization and centralization. Many freedom-seeking enthusiasts are increasingly investing in the crypto field and crypto community, and jointly participating in the creation and development of the crypto world! This attraction may represent the future of a large number of people.
The more you understand and the deeper your faith will be, the more you participate and the more you hold on, the better gift time will give you. Don't let fomo end your original intention. Let us develop and expand our crypto world. We need the development of the crypto world, and the development of the crypto world cannot be separated from our continuous construction. Let us work together to create a better future!
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