Today is Bitcoin-Pizza Tag-the day of the first purchase of a real goods with cryptocurrency
- May 22nd is Bitcoin-Pizza Tag: Exactly 15 years ago, the programmer Laszlo Hanyecz paid 5000 bitcoins for a pizza in Florida. He bought two pieces.
- It was the first payment of a goods with a cryptocurrency that is now in circulation in a value of the equivalent of over one billion dollars.
On May 22nd, Kryptowelt traditionally celebrates the Bitcoin Pizza Day-a bizarre tradition that goes back to the first known Bitcoin transaction in the real world. This year’s anniversary came with a historical turn: Bitcoin reached a new ATH and rose to $ 111,861.22. This milestone gave the day an additional, special meaning and illustrated how far the cryptocurrency has developed since its experimental beginnings.
A pizza order for $ 40 wrote currency history
Fifteen years ago, Laszlo Hanyecz, a programmer living in Florida, wrote history with a pizza position. It offered 10,000 bitcoins for two pizzas, which were worth around $ 40 at the time. The transaction was handled by a Bitcoin forum, where another user accepted the offer and paid with a credit card. Two great dad John’s pizzas were delivered to Hanyecz’s house.
But Hanyeczs was not primarily about the Pizza meal: Rather, he wanted to show that Bitcoin could be used as a real payment currency. By using Bitcoin to buy a tangible product, he proved that the benefits go beyond the abstract digital area. In this way, the “pizza transaction” is mutually regarded as the first time that a product from the “real world” was bought with crypto money.
Today, since the BitcoIN course is $ 111,861.22, 10,000 BTC is worth over $ 1.07 billion – over five billion per pizza. This contrast impressively shows the dramatically increased value of Bitcoin – not that of the pizza.
A bizarre tradition reflects the development of cryptocurrency
Since this transaction in 2010, May 22nd has been the Bitcoin pizza day. Crypto enthusiasts all over the world celebrate it every year, eat pizza, share memes and reflect on how the digital currency has changed over the years.
The day is more than just a nostalgic allusion to the beginnings of cryptocurrency – it is a sign of progress. Bitcoin has developed into an obscure experiment that was discussed in internet forums to a global influence of several trillion dollar. Despite the volatility and the regulatory challenges with which he is confronted, he continues to attract institutional investments, develops a new infrastructure and achieves record prices.
Laszlo Hanyecz’s pizza transaction is often reported in countless descriptions of Bitcoin’s history. This year, May 22, through the meeting with the new Bitcoin ATH, has a special meaning. The Bitcoin pizza day no longer only reminds of the bizarre pizza purchase-it stands as a date for the beginning of a financial revolution that started with a simple meal.
While the cryptoma markets are developing, May 22nd serves as a memory of the origins of Bitcoin and the possibilities that are developed by decentralized, digital money. And how could you celebrate it better than with a delicious pizza – not for five billion, but still for $ 20?
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