‘Bitcoin Pizza Day’ 2022: Is $300 Million Too Much for Two Delicious Pizzas? - Aliens: AI Crypto News & Markets Updates
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‘Bitcoin Pizza Day’ 2022: Is $300 Million Too Much for Two Delicious Pizzas?

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CryptoGlobe

Sun, May 22, 2022

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As you might know already, today (May 22) is known in the crypto community as “Bitcoin Pizza Day”, for it was this day in 2010 that Laszlo Hanyecz, a Florida-based software engineer, paid 10,000 bitcoins—roughly the equivalent of nearly $30 million at today’s prices—for two Papa John’s pizzas.

It all started when Bitcointalk forum member and pizza lover Laszlo (username: “laszlo”) created a thread called “Pizza for bitcoins?” on 18 May 2010.

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, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!...If you’re interested please let me know and we can work out a deal...” Three days later, he still had not found anyone willing to accept his offer of 10,000 BTC for two pizzas: “So nobody wants to buy me pizza?

Is the bitcoin amount I’m offering too low?” Fortunately, on 22 May 2010, four days after he originally posted his offer, Laszlo was able to report that another forum user (“jercos”), Jeremy Sturdivant, had accepted his offer, and supplied him with two Papa John’s pizzas: “I just want to report that I successfully traded 10,000 bitcoins for pizza...Thanks jercos!” Since one bitcoin was worth $0.0025 back then , this meant that Laszlo’s 10,000 BTC was only worth about $25 at the time of this transaction.

Interestingly, the following month (on 12 June 2010), since Laszlo still loved pizza and still owned plenty of bitcoin, repeated his offer by posting the following message: This is an open offer by the way..

If you get me the upgraded extra large ones or something, I can throw in some more bitcoins, just let me know and we’ll work something out...” On 27 May 2018, at a time when Bitcoin was trading around $8,000, Cointelegraph interviewed both Laszlo and Jeremy.

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.” Laszlo, who had experimented with Bitcoin’s Lightning Network on 25 February 2018 by buying another two pizzas , this time for 649000 satoshis (the equivalent of around $62 back then), was also asked if the Lightning Network could help make Bitcoin achieve more mainstream adoption.

Laszlo answered: “The Lighting Network is not perfect either, it has issues, it can be in abused in various ways, but it’s a step in that direction, and to me, if something like Lightning Network takes off, I think you’re gonna see every online retailer just switch to it because nobody wants to use MasterCard, and Visa, and PayPal.“ In May 2019, American TV program “60 Minutes” also interviewed Laszlo to ask him about his original pizza purchase in May 2010: During this interview with reporter Anderson Cooper, Laszlo said that he had spent around 100,000 BTC since 2010 for purchases (mostly pizza!).

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