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Bitcoin Pizza Day
It all started on May 22, 2010, when Bitcoin was still in its infancy and almost unknown to anyone.
Our main character, Laszlo Hanyecz (nicknamed "laszlo"), was a programmer and early Bitcoin miner living in Florida. He had thousands of Bitcoins, but at that time, you couldn't buy anything in the real world with these digital currencies.
The idea: Hanyecz wanted to prove that Bitcoin could be used like a real currency and to get something tangible with his digital money. One evening, he shared a post on "BitcoinTalk," a popular cryptocurrency forum. Historic Offer:
"I'll pay 10,000 Bitcoin for a couple of pizzas... maybe two large ones so there'll be some left over for the next day. Let me know if you agree to make the pizzas or order them from a pizzeria for me. (...) I just like pizzas with standard toppings like onions, peppers, and sausage..."
Value: At the time, 10,000 Bitcoin was worth only about $41 USD. For many people, this meant free food in exchange for worthless digital points.
Deal: The offer hung on the forum for a few days. Finally, on May 22nd, another forum user named Jeremy Sturdivant ("jercos") accepted the offer. Sturdivant ordered two large pizzas from Papa John's and had them delivered to Hanyecz's home. In return, Laszlo transferred him the 10,000 Bitcoin he had promised.
Result: Hanyecz ate his pizzas and went down in history as "the first person to exchange Bitcoin for a tangible product." However, the value of Bitcoin has increased astronomically over the years. Today, the 10,000 Bitcoins paid for those two pizzas are worth hundreds of millions, even billions of dollars. This event is celebrated worldwide every year on May 22nd as "Bitcoin Pizza Day".
#GateSquarePizzaDay