#LearnAndDiscus Bitcoin Pizza Day” is special. Thursday marks the 15th anniversary of the first known use of cryptocurrency to buy real-world goods
Bitcoin is the end product of the work of many people, but it is generally accepted that Satoshi Nakamoto created it and introduced it in 2008.
On May 18, 2010, Hanyecz tried an experiment and posted a message offering 10,000 bitcoins for pizza. “I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that,” Hanyecz wrote.
Three days later, Hanyecz wondered if he needed to up the price.
“So nobody wants to buy me pizza? Is the bitcoin amount I’m offering too low?” he wrote.
But the next day, Hanyecz said he’d successfully traded his bitcoin for pizza. Another bitcoin enthusiast from California had paid for the Papa John’s pizza in exchange for the cryptocurrency, according to a book about bitcoin’s early history, “Digital Gold.”
“A great milestone reached,” said another early bitcoin enthusiast on the message board congratulating Hanyecz.
The 10,000 bitcoin, software developer Laszlo Hanyecz paid for two Papa John’s pizzas delivered to his Florida home on May 22, 2010, were worth about $41 at the time. Today they’re worth $1.1 billion, as bitcoin hits record high prices.
Tremendous growth
It did not take long for bitcoin to take off after the first pizza deal. Bitcoin started getting more publicity and grew, thanks in part to the popularity of an online black-market site, Silk Road, which only accepted bitcoin.
Five years later, when bitcoin was trading as high as $11,000, Hanyecz reflected on what buying that first pizza meant for bitcoin.
Several cryptocurrency companies are announcing promotions and other celebrations to mark Bitcoin Pizza Day. Bitget, a cryptocurrency exchange, announced that it’s giving away pizzas to more than 2,000 people at gatherings held around the world.$BTC #LearnAndDiscusss
