Crypto community celebrates Bitcoin Pizza Day

Laszlo Hanyecz 10 000 BTC pizza buy 10 years ago has a special place in Bitcoin folklore, highlighting, however expensively, that participation is necessary for success.

Bitcoiners all over the world celebrate Bitcoin Pizza Day, a tradition that dates back to May 22, 2010, when one man made history by making the first “real world” purchase with Bitcoin.

More than 10 years ago, on May 22, 2010, the user named Laszlo Hanyecz bought 2 pizzas for 10 000 BTC. This event caused a lot of discussions and jokes in crypto community, and the pizza itself became the most expensive in the world.

Late at night, a Florida resident was sitting at his computer and decided to conduct a small experiment. Using the BitcoinTalk forum, he ordered two Papa John’s pizzas for 10 000 BTC, which was about $25. It is noteworthy that the payment for the pizza was made to a third party, which bought the pizza and received 10 000 BTC in return. To date, the value of 10 000 BTC is about $90 million.

Crypto companies actively celebrate pizza day and hold their own events dedicated to this day. For example, Binance cryptocurrency exchange announced a distribution of BNB tokens for the amount of $50 000. All traders, who will make deals in BNB/BTC pair for the amount from 0.1 BTC, will get a chance to win the prize. Crypto community also made several memes dedicated to this day, which are actively shared on the Internet.

In 2013, Laszlo Hanyecz gave an interview to The New York Times. Journalists found out that after his historic purchase he had lost interest in crypto. He said that in early 2013 he sold all his bitcoins at the price of $1 and earned $4000. Laszlo bought several computers and videocards for that money. However, the man was not going to be involved in crypto mining. The tech upgrade was tied with his professional activity — Laszlo worked (and still works) as a programmer.

When asked about buying pizza for bitcoins, the man said that he wanted to be the first person in history who managed to buy real goods for crypto. And he was able to achieve his goal. Laszlo noted that at that time he did not believe in the future of Bitcoin, so it was not difficult for him to buy something for BTC.

In May 2018, journalists from Cointelegraph interviewed the second party to the deal, who agreed to Laszlo’s experiment. Jeremy Studdiant — that’s the name of the guy. He said he spent the bitcoins on a trip.

And in February 2018, a lot of media talked about Laszlo Hanyecz again. The crypto enthusiast repeated his 2010 experiment. But this time the man used Lightning Network protocol and thus ordered two pizzas for 0.00649 BTC.

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Andrey Costello

Andrey Costello

Bitcoin-maximalist. Optimistic family man and miner with six years of age. I write about complicated things from the future for people of our days.

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