Bitcoin Pizza: The Day Cryptocurrency Was Used to Buy a Real-World Good
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Bitcoin Pizza: The Day Cryptocurrency Was Used to Buy a Real-World Good
On May 22, 2010, Laszlo Hanyecz made a historic purchase. He used 10,000 bitcoins to buy two large pizzas from Papa John's. At the time, the value of 10,000 bitcoins was just $41. Today, those same 10,000 bitcoins would be worth over $300 million.
Hanyecz's purchase is now known as "Bitcoin Pizza Day." It is celebrated by the cryptocurrency community as a reminder of the early days of Bitcoin and its potential to revolutionize the way we pay for goods and services.
How It Happened
Hanyecz was a software developer who was interested in Bitcoin. He had been mining Bitcoin since its launch in January 2009. However, he had not yet found a way to spend his Bitcoin.
On May 18, 2010, Hanyecz posted on the Bitcointalk forum offering to pay 10,000 bitcoins for someone to buy him two large pizzas. He said that he was "starving" and that he would "pay handsomely" for someone to help him out.
Jeremy Sturdivant, a 19-year-old college student at the time, saw Hanyecz's post and offered to help him out. He bought two large pizzas from Papa John's and delivered them to Hanyecz's home in Jacksonville, Florida.
Hanyecz was overjoyed. He thanked Sturdivant for his help and said that he would "never forget" what he had done.
The Legacy of Bitcoin Pizza Day
Bitcoin Pizza Day is a reminder of the early days of Bitcoin and its potential to revolutionize the way we pay for goods and services. It is also a reminder of the generosity and community spirit of the Bitcoin community.
In the years since Bitcoin Pizza Day, the value of Bitcoin has skyrocketed. Today, Bitcoin is one of the most popular cryptocurrencies in the world. It is accepted by millions of merchants around the world and is used by millions of people to make payments.
Bitcoin Pizza Day is a reminder of the long and winding road that Bitcoin has traveled. It is also a reminder of the potential that Bitcoin has to change the world.
