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Home Cryptocurrency news Bitcoin

Crypto Industry Celebrates Annual Bitcoin Pizza Day

Tony Spilotro by Tony Spilotro
2 years ago
in Bitcoin, Cryptocurrency news
Reading Time: 3min read
Crypto Industry Celebrates Annual Bitcoin Pizza Day
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Today marks the nine-year anniversary of the first ever reported transaction using Bitcoin to make a purchase. A Florida-based, early crypto supporter spent 10,000 BTC on two pizzas, making history through a mundane meal purchase. Since then Bitcoin price has grown exponentially and the asset has become a widely recognized name in the financial technology sector, and sparked the creation of an entire industry of competition cryptocurrencies, all vying for Bitcoin’s top spot.

On this ninth anniversary, across the crypto industry people are celebrating and looking back to honor the monumental event that may have set Bitcoin on its path to success some nine years ago.

Laszlo Hanyecz: Meet The Man Who Spent 10,000 BTC on Two Pizzas

On May 22, 2010, while Bitcoin was still virtually worthless and in its infancy, a Florida man named Laszlo Hanyecz, set out to make the first ever purchase using Bitcoin. The cryptocurrency wasn’t accepted anywhere at the time, so Hanyecz sought support through the BitcoinTalk forum he had been a member of.

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There, Hanyecz corresponded with mysterious Bitcoin creator Satoshi Nakamoto and helped support the early development of the cryptocurrency. He also leveraged the community to find someone to agree to have two Papa John’s pizzas delivered, in exchange for 10,000 BTC.

“I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day,” Hanyecz wrote.

Hanyecz was even willing to take a loss on the transaction, as the two pizzas valued at $25 cost him 10,000 BTC, which was valued at $41 at the time. But he had no idea of how much these pizzas would eventually cost him – as the 10,000 BTC would be valued at somewhere around $78 million today.

Crypto Industry Commemorates Bitcoin Pizza Day In a Variety of Ways

Across the crypto industry, respect is being paid to Hanyecz for the sacrifice he made nearly a decade ago. Without Hanyecz’s contribution to early Bitcoin development and usage, the crypto asset may never have been viewed as the means of transferring value it is today.

So… Pineapple? on pizza ??#BitcoinPizzaDay #MyBinance pic.twitter.com/wT6pNjqjST

— Binance (@binance) May 22, 2019

Binance is celebrating by sharing images on social media of two pizzas adorning the exchange’s logo.

Happy #Bitcoin Pizza Day(May 22nd). Create your own #TRONPizza with your imagination to win #TRX rewards. Click to know more about #TRON pizza campaign. $TRX https://t.co/Tvy6oFfU77

— Justin Sun (@justinsuntron) May 21, 2019

Tron founder Justin Sun also is getting in on the celebration, offering up Tron supporters a way to customize their own Tron “pizza,” and users could be rewarded for their creativity.

?Happy #Bitcoin Pizza Day !?#BitcoinPizzaDay #bithumbglobal pic.twitter.com/YOo3W2J1QH

— Bithumb Global (@BithumbGlobal) May 22, 2019

Bitthumb has shared an image of a scale, showing pizza and a “nice car” as an example of what Bitcoin could buy then versus today.

Have questions on our upcoming PrimeBTC sale for Bitcoin Pizza Day (AKA Prime Day) on May 22? Just want to know what to do? Try our handy user guide today. Details: https://t.co/2zrkWi8QS9$BTC #ItsPrimeTime pic.twitter.com/Kkp7xqnfXH

— Huobi (@HuobiGlobal) May 18, 2019

HuobiGlobal is offering 50% off Bitcoin to commemorate Pizza Day, but requires a number of conditions be met.

9 years ago a guy called laszlo paid 10,000 bitcoins for 2 pizzas!

Original thread: https://t.co/iq3gl7qa86

Value today: $80,000,000 ??

Happy bitcoin pizza day! pic.twitter.com/hmEqIqm9Pl

— Crypto₿ull (@CryptoBull) May 22, 2019

And of course, even everyday crypto investors and traders are showing their appreciation for the historic crypto event.

Tags: bitcoinBitcoin Pizza daycryptoLaszlo HanyeczSatoshi Nakamoto
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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