🔸 Bitcoin Pizza Day
▫️ How the most expensive pizza ever
started the Bitcoin revolution.
🧵 Thread #41👇
▫️ tl;dr
Laszlo Hanyecz paid 10,000 bitcoin to Jeremy Sturdivant
for two Papa John's pizzas on May 22, 2010.
That was the first known transaction
using bitcoin to buy a good.
And it sparked the bitcoin revolution.
▫️ Laszlo Hanyecz was one of the very first Bitcoin miners.
Laszlo was born in Jacksonville, Florida,
and he works as a developer.
On May 18, 2010, Laszlo Hanyecz posted an offer on the @bitcointalk forum to buy pizza with Bitcoin.
▫️ He asked for two pizzas in exchange for bitcoins.
With standard toppings like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, and regular cheese pizzas.
"No weird fish topping or anything like that"
▫️ A few days later, on May 22, 2010, Hanyecz made a deal with Jeremy Sturdivant aka "Jercos".
Jercos received 10,000 BTC from Laszlo in exchange for the pizza he purchased for him.
The transaction took place through IRC (Internet Relay Chat).
▫️ Back then, 10,000 bitcoins were worth about $41 while the price of two pizzas was $25.
Jeremy sold his 10,000 BTC for $400 shortly after the transaction.
In total, Laszlo spent 100,000 BTC on pizza.
▫️ Both Laszlo and Jercos have never regretted the deal.
Both have said this in various interviews.
👇 You can find these interviews,
and more information in my article on the
@skribrnetwork .
skribr.io/article/bitcoin-pizza-day/
▫️ Bitcoin Pizza Day
The global crypto community celebrates the 22nd of May,
the date of this monumental transaction.
Laszlo Hanyecz's pizza purchase started the Bitcoin revolution.