What's the Bitcoin Pizza Day?

One day, a man ordered 2 pizzas for 10'000 BTC. This story seems crazy and yet... it is true. This moment that marked the world of crypto-currencies took place on May 22, 2010. The developer Laszlo Hanyecz had 2 pizzas delivered for $25... paid in bitcoins. It was the first time that a real good was acquired with crypto-currencies!

NFT Twitter Followers Hype and the Bitcoin Pizza Day

10'000 BTC for 2 pizzas!

Today, this anecdote shows us how much we have missed the revolution that was (and still is) Bitcoin. Don't miss the opportunity that the web3 represents with the advent of NFTs. Start your collection, buy NFT Twitter subscribers, buy NFT Twitter likes and make your project stand out. Then sell your NFTs and hit the jackpot.

So this man spent 10'000 BTC, the equivalent of more than 300 million dollars today, on pizzas. This may sound funny, but let's put it in perspective:

  • Bitcoin has only been around for 1 year
  • there wasn't this craze for crypto-currencies
  • BTC was barely worth $0.004 a piece

The first purchase of hardware in crypto-currencies!

Our young American man posted the following message on a forum:

"I agree to pay 10,000 bitcoins for pizzas, say two large pizzas, so I have some left over for the next day. I like to have leftover pizzas for later. You can make the pizzas yourself and bring them to me, or you can order them for me from a store. What I want is just to have food delivered to me in exchange for bitcoins (...) If you are interested, let me know so we can work something out."

A few days later, a British user responded positively to him. The rest you know.

It may not seem like a big deal in 2022, but in 2010 it's literally a feat to be able to exchange this dematerialized currency, Bitcoin, for a tangible asset.

Bitcoin Pizza Day!

This event was so successful that it was named Bitcoin Pizza Day internationally. Some people made fun of it because after only 3 months, the 2 pizzas were already worth $600. To which our young American replied:

"Well, I didn't expect this initiative to become so popular but I can't afford to do it again. I'm not able to generate thousands of bitcoins a day anymore. Thanks to everyone who bought me pizza, but I'd rather keep my bitcoins for now."

As he points out, no one could have guessed that Bitcoin would take off to such an extent (just like NFTs today, so stay on your toes and don't miss out. It's time to boost your Twitter account and get your project out there).

Laszlo Hanyecz is now considered a pioneer within the crypto-currency community. Incredibly, he repeated his feat by becoming the first person to purchase a physical asset using Lighting Network (an upgrade to the Bitcoin network). And guess what he bought? Yes, 2 pizzas.