Chatex congratulates you on the Bitcoin Pizza Day!

10 years ago, on May 22, Laszlo Hanyecz, a programmer from Florida, purchased 2 Papa John’s pizzas for 10000 BTC that he had mined before. It was the first use of Bitcoin as a means of payment.

On May 18, 2010, he wrote on the BitcoinTalk forum a request to sell him 2 large pizzas, “just standard stuff no weird fish topping or anything like that”. He priced them for 10,000 BTC, which at that time was worth of about $40.

At that time, it seemed like a great deal for Laszlo. With each passing day, since that time, the Bitcoin rate has been growing extremely, and programmer’s purchase has become more and more popular. In 2013, The New York Times published an article about the deal.

Hanyecz’s purchase was a proof of concept, designed to demonstrate that Bitcoin — more of a “geek novelty” at the time that almost no one knew about — could be used as a means of exchange. In his recent interview, Laszlo said that he is in no way disappointed:

“I don’t regret it. I think that it’s great that I got to be part of the early history of Bitcoin in that way, and people know about the pizza and it’s an interesting story because everybody can kind of relate to that and be [like] – “Oh my God, you spent all of that money!” I was also kind of giving people tech support on the forums and I ported Bitcoin to MacOS, and you know, some other things – fix bugs and whatnot, and I’ve always kind of just wanted people to use Bitcoin and buying the pizza was one way to do that. I didn’t think it would get as popular as it has, but it’s gotten to be a really catchy story for people”

Today, 10,000 BTC is worth around $91 million — and was worth twice that much in late 2017, when the price of Bitcoin reached $20,000.