Bitcoin Pizza Day - how Laszlo Hanyecz paved the way for Bitcoin’s success as a working, trustless, decentralized transactional system.
Pizza News
The Bitcoin pizza story is one of the most famous cryptocurrency anecdotes. On May 22, 2010, Laszlo Hanyecz made first documented Bitcoin purchase. On May 18th, he stated on Bitcointalk forum that he is willing to buy two pizzas for 10,000 Bitcoin. It is estimated that this was around $41 at the time. After some time, these pizzas became much more valuable, as 10,000 Bitcoin currently is valued near $63 million. Bitcoin pizza story became a part of folklore, and May 22 is known as Bitcoin Pizza Day. Hanyecz stated that he is not upset about this event and that trading Bitcoin for some food was great idea at the time. The 10,000 Bitcoin pizza purchase is now reflected in the Bitcoin Pizza Index, which monitors the current value of 10,000 Bitcoin on the market. The Bitcoin Pizza Index shows the daily updated price in U.S. dollars, euro, silver and gold.
- Follow up
- News
May 22 marks eight years since a Bitcoin user paid 10,000 BTC for two pizzas, worth just $41 at the time.
- Opinion
Former Clinton Economic Advisor Glenn Hutchins says people should stop focusing on Bitcoin price.
- Now Accepting BTC: Medicinal Marijuana/Pizza Shop, Louisiana Republican Party, CardFlip.com and more
by Carlo C
Now that PayPal merchants are allowed to accept Bitcoin as payment, the list of Bitcoin merchants is presumably expected to expand significantly. Since the anno...
-
by Bogdan Ulm
Several small, local pizzerias were recently targeted by an anonymous group of extortionists who threatened that they will post bad reviews on Yelp.com if they ...
-
by Alan Deer
Even though the Gulf countries do not appreciate the Bitcoin arrival on the market and still regard it untrustworthy, Pizza Guys company from Dubai has decided ...
-
by Eric Barrier
One home delivery service in Belgium is seeing immediate returns on its Bitcoin implementation.
-
by Eric Barrier
Sweden’s Pizza24, a service that allows customers to order pizza locally through a single online platform, has announced it has begun accepting Bitcoin payment....
Editor’s Choice
- NYSE Operator’s Long-Awaited Crypto Platform Bakkt Announces New Key Vacancies
- Report: Reverse Merger Could Take Bithumb Crypto Exchange Public in the U.S.
- Hong Kong Hardware Manufacturer Releases Mining GPU for New Privacy-Oriented Coin
- India: Banking Research Institute Issues Blueprint on Blockchain Implementation
- Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Bitcoin SV, Cardano: Price Analysis, Jan. 21