In May 2010, a Florida man named Laszlo Hanyecz made history by becoming the first person to buy a good with bitcoin. He paid 10,000 BTC for two pizzas.
Today, those pizzas would be worth over $75 million.
Hanyecz, a software developer and early bitcoin adopter, made the purchase on May 22, 2010. He took to a bitcoin forum to find someone who was willing to accept the cryptocurrency for goods.
He found a willing participant and arranged to have the pizzas delivered to his home.
In 2014, Hanyecz spoke about the purchase in an interview with The New York Times. He said that he had “mined” some bitcoin and was looking for something to spend them on.
NOTE: WARNING: Who Received the 10000 Bitcoin for Pizza? is a potential scam. It is possible that the person claiming to have received the 10,000 Bitcoin is not the rightful owner and may be attempting to defraud unsuspecting users. Do not send Bitcoin or any other cryptocurrency to this address without verifying the identity of the sender and taking steps to ensure that you will not be scammed out of your money.
At the time, he noted, there were few options for spending bitcoin.
Hanyecz’s purchase is often cited as an early real-world use case for bitcoin. It is also seen as a watershed moment in the cryptocurrency’s history.
The 10,000 BTC spent on pizza today would be worth over $75 million at current prices.
The person who sold Hanyecz the pizza has never been identified. It is not clear if they still have the bitcoin or if they cashed out at some point.
Whoever they are, they are now sitting on a fortune.
10 Related Question Answers Found
In May 2010, Laszlo Hanyecz made what is believed to be the first real-world transaction using bitcoin. He bought two pizzas for 10,000 BTC. At the time, Hanyecz believed that bitcoin would eventually be worth more than $1 million per coin.
Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of the Bitcoin blockchain. It is similar to Bitcoin in many ways, but it has a few key differences. One of the main differences is that Bitcoin Cash has a larger block size limit, which allows it to process more transactions per second than Bitcoin.
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The price of Bitcoin is volatile.
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When it comes to Bitcoin, there is no such thing as too much. In fact, $1000 worth of Bitcoin could get you a lot more than you think. Here is a breakdown of how much Bitcoin you could get for $1000.
