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Bitcoin Pizza Day is celebrated every year on May 22 to commemorate the first time Bitcoin was used as money for two pans of pizza.


Historyย 

Laszlo Hanyecz, a Bitcoin programmer and miner from Florida, posted a challenge on the Bitcointalk.org forum on May 18, 2010. He offered 10,000 BTC to anyone
willing to send him two pizza pans. He failed to find anyone who could complete the pizza transaction with Bitcoin on May 21. Hynecz stated that he had to wait four days before someone finally agreed to the challenge he offered. Hanyecz managed to get pizza from Jeremy Sturdivant, a 19-year-old known as “jercos.” As reported in the Bitcoin Talk forum, the transaction was carried out at around 2:16 p.m. Eastern Standard Time (EST).

Sturdivant actually used his credit card to buy pizza in the original story. However, Hanyecz returned to buying pizza with Bitcoin. Therefore, this transaction is considered the beginning of the use of Bitcoin as a means of payment.

I just want to say that I successfully exchanged 10,000 BTC for pizza. Thank you, Jercos! In a post on the Bitcointalk.org forum, Laszlo Hanyecz stated, “I thought it would be interesting if I could say that I paid for pizza with Bitcoin.”

In 2019, Hanyecz told Anderson Cooper in an interview with CBS that he believed the transaction made the community more aware of how Bitcoin functions.


5 Interesting Bitcoin Pizza Day Facts: What Are They?

 

1. Photo of Pizza Purchased Using Bitcoin

Hanyecz has footage of the first Bitcoin pizza thanks to his passion for photography. Hanyecz shared five images of his meal in all, which appeared to have a variety of toppings.

2. Take out $41.

Data on Bitcoin’s initial price is not easy to find. However, according to one member of the Bitcointalk.org forum, Hanyecz exchanged 10,000 BTC, which was worth US$41. If this information is correct, the price of one BTC at the time of the transaction is approximately US$0.004.

3. Jercos Sells His Bitcoins

According to an exclusive Bitcoin Who’s Who interview, Jeremy Sturdivant has exchanged Bitcoin for US$400 worth of fiat money. With the current BTC price of US$680 million, Jercos must sell 10,000 BTC.

4. That Time Mining Bitcoin

Hanyecz makes money with Bitcoin. In 2012, each miner who discovered a new block was rewarded with 50 BTC before half the Bitcoin supply was created. Therefore, it is estimated that Hanyecz will only need to mine 200 blocks to obtain 10,000 BTC. Unlike today, mining Bitcoin was not that difficult.

5. Introduced by the New York Times

At first, Bitcoin Pizza Day was not widely celebrated. A 2014 New York Times article popularized Hanyecz’s story. Most communities began to retell this event until it became a tradition in the larger community.

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