Bitcoin was created in the year 2008, to serve as a decentralized P2p system where two individuals can carry out transactions without central authority interference. On the other hand many people tagged bitcoin an internet money.

Despite been created in the year 2008, there was no real world notable use case until may 22nd 2010 when a computer programmer named "Laszlo Hanyecz" used 10,000 bitcoin to purchase 2 pizza.

This transaction was significant because it established bitcoin as medium of exchange and added more relevance to bitcoin. In today's value of bitcoin, nobody will waste 10,000 bitcoin on 2pizza, it shows how far we have gone.

That's why this day is widely celebrated annually to remind us first real world transaction of bitcoin.

#binancepizza

Every year on May 22, the cryptocurrency community comes together to commemorate a unique event that marked a significant milestone in the history of Bitcoin. It is known as Bitcoin Pizza Day, a celebration of both the advent of the world's first decentralized digital currency and a mouthwatering tale of culinary delight. #binancepizza

The story of Bitcoin Pizza Day dates back to May 22, 2010. Bitcoin was still in its infancy at that time, with only a small but passionate group of early adopters recognizing its potential. Laszlo Hanyecz, a Bitcoin enthusiast from Florida, had a unique idea. He posted a message on a popular Bitcoin forum, offering 10,000 Coins in exchange for two pizzas.

To put this into perspective, 10,000 Bitcoins were worth approximately $41 back then. Little did Hanyecz know that his seemingly ordinary pizza purchase would go down in history as one of the most expensive meals ever. It was a simple transaction that symbolized the real-world value of this new digital currency.

To Hanyecz's delight, a fellow Bitcoin enthusiast took him up on the offer. British programmer Jeremy, known online as "Jercos," accepted the challenge and ordered two Papa John's pizzas to be delivered to Hanyecz's door. In return, Hanyecz transferred the 10,000 Bitcoins to Jeremy's digital wallet.

Looking back, it's easy to see that those 10,000 Bitcoins would be worth a staggering amount today. At the time of writing, the value of a single Bitcoin exceeds $26,785. This means that Hanyecz's pizza purchase would be valued at over $267 million, making it a legendary tale of Bitcoin's early days.

Bitcoin Pizza Day is a reminder of how far the cryptocurrency has come since its humble beginnings. It highlights the growing adoption and mainstream acceptance of Bitcoin as a medium of exchange. What started as a playful experiment has become a global phenomenon, with numerous businesses accepting Bitcoin as a legitimate form of payment.

The celebration of Bitcoin Pizza Day has evolved into a global tradition within the cryptocurrency community. Enthusiasts gather online and offline to share stories, reminisce about the early days, and enjoy a slice of pizza. Various events, meetups, and even special pizza discounts are organized worldwide, bringing together Bitcoin enthusiasts and the general public.

Beyond the celebration, Bitcoin Pizza Day also reminds us of the need for continued innovation and scalability in cryptocurrency. While Bitcoin has made significant strides in adoption, challenges such as transaction speed and scalability remain. Efforts are underway to address these concerns, with the development of layer-two solutions like the Lightning Network to enable faster and more cost-effective Bitcoin transactions.

In conclusion, Bitcoin Pizza Day represents a vibrant fusion of technology, finance, and culinary indulgence. It commemorates the historic moment when a seemingly insignificant pizza purchase with 10,000 Bitcoins paved the way for digital currencies' wider acceptance and adoption. As the cryptocurrency ecosystem continues to evolve, Bitcoin Pizza Day serves as a timeless reminder of the transformative power of innovation and the potential for extraordinary value in the most unexpected places. So, raise a slice of pizza and toast to Bitcoin Pizza Day, a celebration that has become an integral part of cryptocurrency culture worldwide.

Hong Kong to announce that retail investors can trade #CryptonResearchBot under its new rulebook for the sector.#binancepizza

Terraport, a DeFi platform built on Terra Classic, has received its Certik KYC Silver Verification badge, making it the first project on Terra Classic to achieve this milestone. However, the project continues to face criticism due to the hack it suffered in April.

TerraCVita, the development group behind Terraport, announced the achievement on Twitter and emphasized that Terraport underwent the most thorough verification process in Web3. The audit is still ongoing, and once completed, the Certik team will work with TerraCVita to remediate the findings.

#binancepizza #googleai

According to a report by Matrixport, Bitcoin (BTC) is facing selling pressure at the $28,000 price level, possibly due to miners being forced to liquidate new inventory produced. The report suggests that profit margins have compressed in recent weeks, making mining very competitive and often unprofitable. Markus Thielen, head of research, wrote that most machines produced before 2022 appear to be unprofitable at current input cost and potential output revenue expectations. However, Matrixport foresees significant upside convexity for miners if Bitcoin prices increase by 10% or more.

#binancepizza

Fintech startup Solid is facing a lawsuit from Series B investor FTV Capital, who is seeking the return of its $61 million investment. FTV alleges that Solid's co-founders, Arjun Thyagarajan and Raghav Lal, lied about the company's revenues and customer churn. The co-founders have filed a countersuit, claiming that FTV is resorting to "made-up claims of fraud" to get its money back. Solid offers companies a way to provide their own financial products, including banking, payments, and cards, and was also offering cryptocurrency products at the time of FTV's investment in 2022.
#binancepizza

#binancepizza

Introduction,

Bitcoin Pizza Day, celebrated annually on May 22nd, is a lighthearted and fun occasion that holds a significant place in the history and growth of Bitcoin. It commemorates the moment when Laszlo Hanyecz, a Bitcoin enthusiast, made the first real-world purchase using Bitcoin by buying two pizzas for 10,000 Bitcoins. This milestone event symbolizes the early days of Bitcoin when it was an experimental and relatively unknown currency. Today, Bitcoin Pizza Day stands as a testament to the remarkable growth and adoption of Bitcoin and the broader cryptocurrency ecosystem.

The Early Days of Bitcoin:

Bitcoin emerged as a groundbreaking digital currency in the late 2000s, introduced by an anonymous person or group known as Satoshi Nakamoto. In its early stages, Bitcoin was a novel concept that garnered attention mainly from tech-savvy individuals and enthusiasts. The purchase of two pizzas by Laszlo Hanyecz on May 22, 2010, marked a significant milestone in Bitcoin's history, demonstrating its potential as a medium of exchange. Little did anyone realize at the time the magnitude of the impact this purchase would have on the future of cryptocurrencies.

The purchase on that Day is indeed a testament to the growth and adoption of Bitcoin over the past 13 years? Today, Bitcoin is a widely accepted currency that is used by millions of people around the world.

Bitcoin Pizza Day is worth celebrating. So join me as I grab some Pizza anf join me to share in the love and liberation this remarkable day as brought to us all.

#binancepizza #crypto2023 #BTC

Bitcoin Pizza Day, observed on May 22nd annually, marks a significant event in Bitcoin's early history. In 2010, programmer Laszlo Hanyecz conducted a groundbreaking transaction using Bitcoin. He posted on the Bitcointalk forum, offering 10,000 bitcoins to anyone who would buy him two pizzas. Another enthusiast took the offer, and two Papa John's pizzas were delivered to Hanyecz for a total of 10,000 bitcoins, valued at about $41 back then. This transaction demonstrated Bitcoin's potential as a real-world medium of exchange.

Today, that seemingly insignificant pizza purchase carries immense significance. The 10,000 bitcoins Hanyecz spent would be worth millions of dollars. Bitcoin Pizza Day symbolizes the early adoption of cryptocurrencies and their potential impact on everyday transactions. It serves as a reminder of Bitcoin's journey from obscurity to global recognition as a transformative technology.

The event resonates with the cryptocurrency community, showcasing the growth and acceptance of digital currencies. Bitcoin Pizza Day encapsulates the remarkable evolution of Bitcoin and its increasing adoption as a mainstream financial instrument.

In summary, Bitcoin Pizza Day celebrates Laszlo Hanyecz's historic use of 10,000 bitcoins to buy two pizzas, exemplifying Bitcoin's early adoption and potential value. It is a testament to the rapid expansion and acceptance of cryptocurrencies in the global financial landscape.

#binancepizza #bitcoinpizzaday