May 22 is not just a day to commemorate bitcoin’s first ever real-world transaction and grieve the loss of a temporary snack that could have been a million dollar paycheck, it is also a day to look back on how much bitcoin has grown over the years.
Something to Prove
May 17, 2010
Laszlo Hanyecz, a computer programmer from Florida, wanted to prove that bitcoin can be used in place of fiat as a real world currency. As bitcoin was just in its infancy, its value was still at a measly $0.008 per bitcoin.
Hanyecz got on a bitcoin forum and posted:
“I’ll pay 10,000 bitcoins for a couple of pizzas. Maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later.”
The post sparked interest among most forum members. A bitcoin purchase was still unheard of!
May 22, 2010
Hanyecz updated the forum with a picture of two Papa John’s pizzas, saying that he had been successful in trading 10,000 bitcoins for the snack.
This marked the world’s first real-world bitcoin transaction.
Today, the 10,000 bitcoin Hanyecz spent would be worth $75,138,238.00 (as of this writing, 1 BTC = $7,516.05).
CoinDesk’s Pizza Widget
In celebration of Bitcoin Pizza Day, CoinDesk launched a fun pizza widget that shows the current value of 10,000 BTC.
You can get your own widget for your website here.