Every May 22, the cryptocurrency industry celebrates the anniversary of Laszlo Hanyecz’s famous and infamous pizza-for-bitcoin trade. In 2010, the Florida-based programmer and early adopter of bitcoin offered 10,000 bitcoins if someone would buy him two pizzas. Jeremy Sturdivant took him up on the offer and had two pies — one pepperoni and one Supreme — from a local Papa John’s delivered to Hanyecz’s house for $41 dollars worth of bitcoin. It was the first time bitcoin had been used commercially for its intended purpose as “a purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through…
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The 10,000 BTC Laszlo Hanyecz paid 10 years ago for a pair of Papa John's pies on Bitcoin Pizza Day may be worth $91 million now, but he did make his daughter happy (Photo: Bitcointalk).Bitcoin Pizza Day: 10 years on, $91M pies
A booming bitcoin and the adoption of blockchain technology by multinational corporations, leading financial institutions, and even governments shows how far Satoshi Nakamoto’s dream has come
It’s Friday, May 22, 2020, and two pizza pies cost $45.90 at Stromboli's, across from my apartment in New York City. But 10 years ago, in Florida, two pies from Papa John’s cost Laszlo Hanyecz about $41—or 10,000 bitcoins, which is how he paid. And how Bitcoin Pizza Day was born.
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The actual two pizza pies bought for BTC 10,000 by Laszlo Hanyecz in the first known bitcoin purchaseCrypto community celebrates Bitcoin Pizza Day
Meme turns into blockchain’s only real holiday, and crypto Twitter is here for it
On May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz through a bitcoin forum. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Now that one purchase gages the health of the entire $258 billion cryptocurrency market. Even the some of the biggest cryptocurrency nuts probably couldn’t tell you if the bitcoin whitepaper came out in 2008 or 2009 (it was January 3, 2009). But while even fewer can tell you the day that Ethereum launched (July 30, 2015),many in blockchain can list May 22 as blockchain’s pretty much only holiday. Bitcoin Pizza…