Back in 2010..
Bitcoin Pizza Day marks a pivotal moment in the history of Bitcoin, celebrated annually on May 22. This day commemorates the first known purchase of goods using BTC, a groundbreaking transaction that took place in 2010.
On May 22, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast, made history by trading 10,000 bitcoins for two large pizzas from Papa John’s. At the time, the transaction was valued at around $41, an everyday price for a meal. However, as Bitcoin’s value skyrocketed over the years, those 10,000 bitcoins have come to be worth hundreds of millions of dollars, making it one of the most famous purchases in cryptocurrency lore. Funnily the guy who received the 10k Bitcoin screwed it and spent them along the way. Here you find an article about this Jeremy Sturdivant.
Bitcoin Pizza Day has since become a symbol of the digital currency’s evolution and its journey towards mainstream acceptance. It’s a day when the crypto community reflects on Bitcoin’s growth from a little-known digital experiment to a globally recognized financial asset. The transaction not only demonstrated Bitcoin’s potential as a medium of exchange but also highlighted the willingness of early adopters to support and promote the fledgling currency.
Each year, Bitcoin enthusiasts around the world celebrate this historic event by ordering pizza, sharing stories about their experiences with Bitcoin, and contemplating the future of cryptocurrencies. The day serves as a reminder of the humble beginnings of Bitcoin and the remarkable journey it has undertaken.
How do you assess this 2010 transaction? Historic or rather dumb of the guy?
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🍕 Pizza Giveaway
And to honor this important day I will giveaway one slice of Pizza (Token) to the first five people that comment this post! Hurry up and get one as long as it’s hot and yummy! 😋
