Bitcoin Pizza Story

Before bitcoin went mainstream, the only people that were investing or heard of this cryptocurrency were programmers and computer nerds. “A digital currency? Yeah, that will never work” were the words that people were saying.Well, a decade later and now it’s all you ever hear people talking about. If you didn’t invest in bitcoin you’re probably wishing you jumped on that bandwagon when it first came out a decade ago.

 

Back on May 22, 2010, a developer was able to buy two pizzas using 10,000 unit of this somewhat mysterious cryptocurrency called bitcoin. Late last year, bitcoin hit an all-time high of $10,000 per unit, meaning 10,000 units of bitcoin were worth $100 million - that’s one expensive pizza. Now, it’s even surpassed it’s all-time high, reaching well over $13,000 per unit.

 

Bitcoin Pizza – The most expensive pizza

 

Though back in 2010, when Laszlo Hanyecz bought two Papa John’s pizzas he made a huge step in cryptocurrency as this was the first real-world bitcoin transaction made. Back in 2010, Hanyecz posted on a Bitcoin Talk forum, stating,

 

"I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having leftover pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!

 

I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.

 

If you're interested please let me know and we can work out a deal."

 

Now that you know how big Bitcoin has gotten, you’re probably biting your nails, scratching your head while you read that post. Back in 2010, ten thousand units of bitcoin were worth approximately $40, that’s nothing, right? But regardless of the number of coins spent on these two pizzas, this day marks a significant step in the cryptocurrency world. So significant that bitcoin users celebrate this day, coining the phrase, “Bitcoin Pizza Day”. This marked an evolutionary moment for bitcoin as now it was not only just an online currency but rather a currency that could be spent on a day-to-day basis for anything.

 

On that day, back in 2010, no one knew or could have foreseen bitcoin reaching the popularity that it’s at today. All they wanted was some pizza. Though, we’re not so sure they’d be up for that trade again if it was to happen now. When it comes to buying pizza, we suggest that you stick to paying in cash. Save your bitcoin for something a little more worthwhile.