#BinancePizza

Almost 12 years ago, a Floridian programmer named Laszlo Hanyecz was craving pizza. So, he bought two. But the catch here is, he paid in Bitcoin in the first-ever recorded real-world transaction using crypto.

Hanyecz announced on the Bitcointalk.org forum on May 18, 2010, that he planned to use Bitcoin to buy pizza, preferably two large pies. He was willing to pay 10,000 Bitcoin to anyone who could place an order, collect the cryptocurrency, and bring it to him.

Days passed and Hanyecz was still unable to find anyone willing to take up his offer. He was losing hope.

But then, on May 22, Jeremy Sturdivant, a 19-year-old at the time, turned heads on the forum. He accepted the offer of 10,000 Bitcoin for two pizzas, valued at around $41 back then.

Sturdivant purchased the two pizzas and delivered them to Hanyecz’s place in Florida.

Laszlo Hanyecz posted on the forum that he had received the pizzas and shared a photograph with his family.

Years later, Hanyecz recalls that day with a lot of regret. If he had held onto those Bitcoins, they would be worth approximately $2.7 billion today.

At Bitcoin’s all-time high, those same Bitcoins were worth around $6.2 billion.

This early Bitcoin transaction highlights the extreme volatility of crypto and supports the argument that dynamic cryptocurrencies like Bitcoin may not be ideal as a medium of exchange.