Business the day they paid 10,000 BTC for two pizzas

the day they paid 10,000 BTC for two pizzas

On May 17, 2010, now ten years ago, a programmer named Laszlo Hanyecz offered 10,000 BTC for two large pizzas on the Bitcointalk forum:

I will pay 10,000 bitcoins for a couple of pizzas … maybe two grand, so I have something left for the next day. I like to leave pizza for snacks later. You can make the pizza yourself and bring it to my house or order it from a restaurant with home delivery, but what I’m looking for is that they bring me food in exchange for bitcoins so I don’t have to order or prepare it myself, like ordering breakfast in a Hotel, they just bring you something to eat and you are happy.

I like things like onions, peppers, sausages, mushrooms, tomatoes, pepperoni, etc., standard stuff with no weird fish toppings or anything like that. I also like regular cheese pizzas, which can be cheaper to make or buy.

If you are interested let me know and we can reach an agreement.

According KryptonyticsThe exchange took place five days later when a forum user named Jeremy Sturdivant sent him two Papa John’s pizzas.

Payment was made at the address 156mDTc51R4k9yL3J5GGapkr2o83KQShWz, which only has two transactions: receive the 10,000 BTC and withdraw them. Back then, they were worth about $ 41, but today they are worth more than $ 90 million.

Hanyecz has no regrets. In an interview published in 2018 said:

“You know, I don’t regret it. I think it’s great that it can be part of Bitcoin’s early history in that way. The people know the history of pizza and everyone identifies with it, like, ‘Oh my god, you spent all that money!’ I always wanted people to use Bitcoin. and pizza was one way to do it. I didn’t think he was going to come back as popular as it has, but it has become a really recurring story”.

Hanyecz’s were not only the first pizzas bought with Bitcoin, but the first consumer good, in general, that someone acquired with the cryptocurrency, so every May 22, the Bitcoin community celebrates “Bitcoin Pizza Day”.

The higher value of the transaction was to demonstrate that Bitcoin could wear as a means of payment, but today its most widespread use is still speculation.

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