Swap Tracker
June Katz 23 Aug 2023 โ—ฆ 4 min read

๐Ÿ• Bitcoin Pizza Day: 10 Years Anniversary of the Most Expensive Fast Food Purchase Ever Made ๐Ÿ•

๐Ÿ• Bitcoin Pizza Day: 10 Years Anniversary of the Most Expensive Fast Food Purchase Ever Made ๐Ÿ•

Now that Bitcoin has become one of the possible means of payment, the legendary Bitcoin pizza story seems like a fairytale. When it happened, the baby cryptocurrency market had just started developing, and physical goods purchases were unprecedented โ€“ until May 22, 2010. The first transaction occurred between Florida resident Laszlo Hanyecz and Jeremy Sturdivant that day: two big pizzas delivered for 10 000 BTC.

Go Down in History: Bitcoin Pizza Story

On May 18, 2010, a Bitcoin forum user nicknamed Laszlo started a new topic and offered anybody ten thousand Bitcoins ($41 at that date) for two large pizzas. It was a good deal: two pizzas cost $25-30. The idea does not seem to have excited many people, though: only a few forum members clarified the details and asked why Laszlo wanted to do that. The reply was transparent: โ€œI just think it would be interesting if I could say that I paid for a pizza in Bitcoinsโ€. The thread is still available on the Bitcointalk forum, as well as the first transaction data.Bitcoins spread over a pizza

The requester got what he wished four days later: another Bitcoin fan from Great Britain, Jercos, agreed to have two Papa Johnโ€™s pizzas delivered to Laszlo. However, the most thrilling part was not about the first Bitcoin-for-goods purchase. As Bitcoinโ€™s value kept growing, the pizzas that Hanyecz bought were getting more and more expensive. By the end of the year, a Bitcoin came up to a US dollar. Soon, Laszlo sold the rest of his Bitcoins for new computer equipment; he gained $4 000. In 2015, the cost of two pizzas exceeded $2.4 million.

Bitcoin Pizza Day Celebration

Today, the number of businesses that accept Bitcoin is growing: minor companies and giants gladly sell their goods and services in a new way. More than that, some of them introduce discounts to celebrate Bitcoin Pizza Day. In May 2019, Huobi Global offered 50% off from the price of their pizzas if clients used the new Huobi Prime platform. According to Huobi Global CEO Livio Weng, the initiative felt more like a joke at first, but then the companyโ€™s executives realized it would be an excellent marketing ploy.What is Bitcoin pizza?

Some enthusiasts love the story so much that they compare the Bitcoin and the current USD value of the starry pizza on Twitter. At the time of writing, the delicacy cost $96,667,750. New posts are published daily; about 7800 people follow the page.

How are Laszlo and Jercos doing now?

Eight years after the famous purchase, Cointelegraph interviewed the Bitcoin pizza guy Laszlo Hanyecz and Jeremy Sturdivant and asked them about their lives, regrets, and the usage of cryptocurrency in daily routine. Laszlo calls cryptocurrency his โ€œside projectโ€. In winter 2018, he performed a similar operation, ordering, again, two pizzas with the assistance of his London friend through the Bitcoin Lightning Network.Laszlo Hanyecz gets his Pizza bought on Bitcoins

The man is still a software programmer and contributed to the Bitcoin popularization at work: his company began to accept it among other payment options. Besides, Hanyecz teaches his two kids the basics of cryptocurrency; of course, they are too young for anything substantial, yet the father believes the knowledge will be beneficial for them in the future.Two pizzas bought for Bitcoins and Laszlo Hanyecz's family

๏ปฟJeremy Sturdivant, more famous as Jercos, spent the Bitcoin from Laszlo on traveling; he got $200 back then. Today, Jeremyโ€™s life is connected to cryptocurrency โ€œto some extentโ€: it allowed him to earn approximately 40 000 BTC. In addition, he uses Litecoin and Dogecoin. Hanyecz and Sturdivant have no regrets they spent their Bitcoins before they skyrocketed. Both explained they didnโ€™t want to switch to full-time mining and trading. Life may be full of irony. What if Hanyecz put off his Bitcoin experiment for a while? Would he change his mind and delve into cryptocurrency activities? Although weโ€™ll never get these answers, the Bitcoin pizza story is just fascinating and marks a significant milestone to be remembered by Bitcoin users and others.

Related posts

How to borrow money from Cash App

How to borrow money from Cash App

01 Nov 2024 โ—ฆ 5 min read
Borrowing money can sometimes feel overwhelming, but Cash App is here to simplify the process. Let's dive into everything you need to know about how to borrow money from Cash App in a friendly and easy-to-understand way. What is Cash App Borrow?
How to delete a Cash App account?

How to delete a Cash App account?

30 Oct 2024 โ—ฆ 6 min read
Many of us have used or at least heard of payment services such as PayPal, Cash App, Venmo, and Google Pay. The modern world is definitely difficult to imagine without online payments. For all that, as often as installing, many are asking
SolScan overview: a comprehensive guide to tracking the Solana blockchain

SolScan overview: a comprehensive guide to tracking the Solana blockchain

25 Oct 2024 โ—ฆ 10 min read
Solana is a rapidly growing blockchain ecosystem known among developers and investors for its high-speed transactions and low fee
Understanding the altcoin season index: predicting trends and maximizing returns

Understanding the altcoin season index: predicting trends and maximizing returns

24 Oct 2024 โ—ฆ 11 min read
Over time, historical market cycles have shown a fascinating trend: as Bitcoin's price stabilizes, investor capital often shifts towards more volatile

Where all instant exchangers met for your smoothest experience

Maximize profits, minimize search

Recent posts

How to borrow money from Cash App
How to delete a Cash App account?
SolScan overview: a comprehensive guide to tracking the Solana blockchain
Understanding the altcoin season index: predicting trends and maximizing returns

BTC โ€ฏto ETH : best rates

btc-icon
btc
0.1