Happy Bitcoin pizza day! - Hitecher
Happy Bitcoin pizza day!

Happy Bitcoin pizza day!

The cryptocurrency community once again is marking "Bitcoin Pizza Day". May 22nd, 2010 cryptoenthusiast Lazlo Hanesh decided to buy a pizza with Bitcoin. At that time it was impossible to buy goods with...

The cryptocurrency community once again is marking "Bitcoin Pizza Day". May 22nd, 2010 cryptoenthusiast Lazlo Hanesh decided to buy a pizza with Bitcoin. At that time it was impossible to buy goods with...

The cryptocurrency community once again is marking "Bitcoin Pizza Day". May 22nd, 2010 cryptoenthusiast Lazlo Hanesh decided to buy a pizza with Bitcoin. At that time it was impossible to buy goods with cryptocurrency directly, so Lazlo created a "Pizza for Bitcoins?"  thread on the BitcoinTalk forum to find someone who would agree to deliver a pizza to him. A student, Jeremy Sturdivant, decided to participate in the first ever transaction using Bitcoin. He brought Lazlo two pizzas from Papa John's and got 10,000 Bitcoin in return, which was $41 at the time.

Now 10,000 Bitcoin costs about $83 million. The purchase of two pizzas for such an astronomical sum has become a symbol of the rapid development of the cryptoindustry and the first step towards recognizing the real value of Bitcoin.

Lazlo Hanesh was mining on a GPU and considered his work as entertainment for geeks. After the Bitcoin rate went up a large number of people wishing to sell something for Bitcoin appeared on the forum. But Lazlo abandoned mining since he could not mine thousands of Bitcoin daily.

Many cryptocurrency companies celebrate May 22nd as "Bitcoin Pizza Day". This year, Hanesh also took note of the historical date, again paying Bitcoin for two pizzas which cost 0.00649 BTC.

Laszlo does not attach particular importance to his lost profits. He spent almost all of the Bitcoin that he had left on various things before the rate increased dramatically in 2013. Jeremy Sturdivant also did not become a millionaire. After receiving the money for the pizzas he spent it on a trip to America with his girlfriend.


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Evan Mcbride

Evan Mcbride

Hitecher staff writer, high tech and science enthusiast. His work includes news about gadgets, articles on important fundamental discoveries, as well as breakdowns of problems faced by companies today. Evan has his own editorial column on Hitecher.

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