11.4 C
Manchester
September 22, 2020
Image default
Bitcoin

Bitcoin Pizza Day: how two pizzas got so famous

Ten years ago, Laszlo Hanyecz spent 10,000 Bitcoins on two pizzas. Today, that would be worth about $ 91 million and he has no regrets at all.

Today, the entire crypto community is celebrating the tenth anniversary of the so-called ‘Bitcoin Pizza Day’. Exactly ten years ago, Laszlo Hanyecz, a programmer from Florida who also contributed to Bitcoin code in the past, made the first documented purchase of physical goods using Bitcoin.

The two pizzas that became famous. Image: Laszlo Hanyecz.

“I just want to report that I successfully exchanged 10,000 bitcoins for pizza,” said Hanyecz on a topic in the BitcoinTalk forum on May 22, 2010. He spent multiple photos of the pizzas, inclusive.

Bitcoin Pizza Day: how two pizzas got so famous 24

Above all, the acquisition of Hanyecz was a proof of concept, made to show that Bitcoin – more than a “passion geek”At a time when almost nobody knew about it – it could and should be a“ real ”currency, a true medium of exchange.

The evolution in values ​​since then

Ten years later, the total market capitalization of cryptocurrencies accumulates more than $ 254 billion. Meanwhile, the two protagonists in this space are still celebrating this historic purchase.

It is difficult to say what exactly 10,000 BTC was worth in May 2010, as different sources point to somewhere between $ 25 and $ 41. Today, however, 10,000 BTC is worth about $ 91 million – and it was twice as much in late 2017, when Bitcoin’s price dated to the $ 20,000 mark.

What does the buyer of pizzas think?

“I wanted to think that what I did helped in some way but I think that if it weren’t for me, someone else would have appeared. In fact, it could not have been with pizzas from there ”, explained Hanyecz in May 2018.

“I also think that Bitcoin was kind of designed to be big and I didn’t know everything about it back there – I mean, it was only a few months ago that I worked with Bitcoin, I knew how to mine and everything, I even set up the first GPU mining company – and that’s how I got all those coins, which I practically distributed, ”he added. Hanyecz also said who doesn’t regret making the purchase.

This was not the only thing the programmer spent Bitcoins to buy. According to ‘60 Minutes‘He spent approximately 40,000 Bitcoins in total at the time – which is currently worth $ 364 million.

It seems a lot but there is no way to put a price on fame.

Source: Decrypt

Related posts

Bitcoin soaring temporarily recovers in the 1 million yen range, and intensifying friction between the United States and China strengthens demand for capital flight

Aparnna Hajirnis

OneCoin and murder: two scam promoters killed

Aparnna Hajirnis

SkyRocket Lesson # 3: How to buy cryptocurrency up to several dozen% cheaper than the planned purchase level? – Blocksats

Aparnna Hajirnis

Leave a Comment