Bitcoin Pizza Day 2024
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First Bitcoin Transaction: Would You Pay 10,000 BTC For Pizza?

If you told Satoshi Nakamoto in 2009 that his creation would be synonymous with pizza, do you think he would have believed you? Cryptocurrency has come a long way over the last 15 years, so much so that we often forget the roots that led to said growth. Let’s dive into some Bitcoin history.

When most people think of Bitcoin, they often think of financial freedom, combating corrupt governments, or even Silk Road. But if we look at history, it isn’t the illegal drugs of the Silk Road platform that helped kick-start Bitcoin’s reign. Have you heard the Bitcoin pizza story? The first Bitcoin transaction was used to buy none other than pizza, well two pizzas actually.

A Slice Of Bitcoin History

The date was May 18th, 2010. Laszlo Hanyecz took to a popular forum at the time, Bitcointalk, to put in a request that would change the shape of crypto forever. Lazlo started off his post with “, 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”.

Keeping in mind, back in 2010, 10,000 BTC was worth around 41 USD. Laszlo Hanyecz then continued in his post saying “, You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself”.

Lazlo finally ended his request by saying”, I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff, no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. If you're interested, please let me know and we can work out a deal”.

The Bitcoin Pizza Transaction

After a few days, and very few responses, Lazlo asked “So nobody wants to buy me pizza? Is the bitcoin amount I'm offering too low?”. This may seem laughable now, but Mr. Hanyecz had a goal.

Luckily for him, and the cryptocurrency community, on May 22nd, 2010, the first Bitcoin transaction was confirmed and thus Bitcoin Pizza Day was immortalized forever. Laszlo had successfully traded 10,000 Bitcoins for two Papa John's pizzas.

Although he did make a follow-up post within the thread saying “This is an open offer by the way... I will trade 10,000 BTC for 2 of these pizzas any time as long as I have the funds (I usually have plenty)”. We don’t know if the offer still stands seeing as the price for 10,000 BTC is now around 667,191,000 USD… Yes, Laszlo Hanyecz paid 660 million USD for two pizzas. And the rest is Bitcoin history.

The End Of The Bitcoin Pizza Story… Or Is It?

As the age-old tale goes, man finds a revolutionary monetary system that will change the way finances work forever, man buys pizza with it. But jokes aside, this Bitcoin pizza transaction was the first real proof that BTC could be used for monetary exchange. But it was just the beginning of the Bitcoin pizza story.

From there, Bitcoin and other cryptocurrencies have flourished. Now you can walk into any one of the 37,000 crypto ATM locations and easily buy or sell your Bitcoins. There are hundreds and thousands of physical and online products and services that have started accepting crypto as a payment method, all because of that silly little Bitcoin pizza transaction.

Want to use your crypto for faster, cheaper, and more secure transactions? Come check out SlotVibe Casino for all your crypto-gambling needs. We offer support for not one or two, but 10 awesome cryptocurrencies. Also, be sure to take advantage of our crypto welcome offer of 275% up to 0.1BTC. Until we meet again, have a pizza slice and a shot of tequila on us!

Keep spinning and winning.