Jeremy Sturdivant, then 19, saw the post and was the first person to take Hanyecz up on his offer. The Bitcointalk forum history logs indicated that Hanyecz made numerous “bitcoin for pizza” transactions into the summer of 2010, until deciding to suspend the open offer in August of that year.Ī lesser known character - but one critical to the story - is the student who accepted bitcoin for pizza. While 10,000 BTC is now worth hundreds of millions of dollars, Hanyecz says that he doesn’t regret his purchase and is proud to be part of Bitcoin folklore. This means an individual bitcoin was worth about USD 0.004 at the time of purchase. Here’s why:Īt the time of the exchange, 10,000 BTC could be purchased for around USD 41. May 22 has gone on to become the annual event known as Bitcoin Pizza Day. Ostensibly the first person to physically purchase something with BTC, he has become somewhat of a crypto-celebrity in his own right. Upon receiving his cheesy delivery, Hanyecz posted photographic evidence of his family enjoying the pizzas. Four days later, on May 22, 2010, Lazslo’s order was filled he claimed to have received one large cheese pizza and one large supreme pizza from the pizza chain Papa John’s. The poster - a software programmer from Florida named Laszlo Hanyecz - expressed his topping preferences and the desire to have the pizzas delivered. It offered 10,000 bitcoin for 2 large pizzas. On May 18, 2010, a post appeared on the Bitcoin messaging board Bitcointalk. While receiving very little fanfare at the time, this event later came to be seen as a watershed event known as “Bitcoin Pizza Day.” The Guy Who Bought Pizza With Bitcoin This transaction saw bitcoin traded for two pizzas. The following year in 2010, the first real-world BTC transaction was documented. Known to only a niche community early on, it was initially unclear if BTC could be used as a viable currency at all, or what its market value could become. Īt the time of launch, the Bitcoin blockchain’s native cryptocurrency bitcoin (BTC) was mined at a rate of 50 BTC every ten minutes. Bitcoin was the first crypto to reach the public consciousness, and that set the groundwork for every cryptocurrency that followed - including Ethereum, Dash, Zcash, and Cardano. That moment is considered the inception point for the explosion of innovation that has since followed in blockchain, cryptocurrency, and decentralization. The Bitcoin network was launched on Januby Satoshi Nakamoto, an anonymous individual or team of technologists whose identity remains unknown.
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