On May 22, 2010, a programmer named Laszlo Hanyecz bought two pizzas for 10,000 bitcoins. It was the first time the virtual currency had been used to buy something in the real world.
Hanyecz, who lived in Florida at the time, made the purchase by finding someone willing to accept bitcoins in exchange for delivering two Papa John’s pizzas to his house. The story of Hanyecz’s pizza purchase is widely considered to be the moment when Bitcoin went from being an academic concept to a real currency that could be used to buy things.
At the time of the purchase, Hanyecz was working on an early version of Bitcoin’s software and he has been active in the Bitcoin community ever since. In an interview with The New York Times in 2014, Hanyecz said that he had mined about 80,000 bitcoins before using them to buy the pizzas.
At today’s prices, those 80,000 bitcoins would be worth more than $700 million. Hanyecz has said that he doesn’t regret making the purchase, even though he could have become a millionaire if he had held onto his bitcoins instead.
On May 22, 2010, Laszlo Hanyecz bought two pizzas for 10,000 bitcoins.
At today’s prices, those 10,000 bitcoins would be worth more than $70 million.
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Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.
Bitcoin is the most popular and most valuable cryptocurrency in the world, with a market capitalization of over $100 billion. Bitcoin is also the most widely used cryptocurrency, with over 10 million active users. Jack Dorsey, the CEO of Twitter and Square, is a well-known advocate of Bitcoin.
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
