On May 22, 2010, programmer Laszlo Hanyecz from Florida posted on the Bitcoin forum: "I want to exchange 10,000 bitcoins for two pizzas, preferably large ones, so I can save some for the next day." At that time, Bitcoin had only been around for a year, with network computing power less than one trillionth of today's, and 1 BTC was worth about 0.003 cents.
▍ Transaction Details
Pizza Source: UK user "jercos" ordered two pizzas from Papa John's for Laszlo using a credit card (total price about $25), and Laszlo completed the transfer using his wallet address.
Technical Background: At that time, Bitcoin had no exchanges, and transactions relied on forum 'barter'; Laszlo was the first player to mine with a GPU, producing over a thousand BTC in a single day.
Subsequent Development: Laszlo exchanged over 100,000 BTC for pizzas in 2010; based on the 2021 peak, the total value of these pizzas exceeds $6 billion.
▍ Historical Significance
First physical transaction: demonstrated that Bitcoin could be used as a payment tool, breaking the skepticism that 'virtual currency has no practical value.'
Community Cultural Symbol: May 22 is designated as "Bitcoin Pizza Day," with the crypto community paying tribute to this "most expensive takeout" every year with memes and offline pizza parties.
Warnings and Insights: Laszlo admitted in an interview that he "doesn't regret it; at that time, Bitcoin was just a toy"; this transaction exemplifies the pioneering spirit of early participants.
▍ Fun Fact
The recipient of 10,000 BTC, jercos, did not hold onto them; these coins were gradually sold between 2010 and 2012;
Based on the price in May 2024, each pizza in this transaction is valued at approximately $320 million;
Exchanges like Binance launch 'Pizza Coin' MEME projects every year to pay tribute to this event.
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