TL;DR
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ICYMI, yesterday was Bitcoin Pizza Day. The day that celebrates Laszlo Hanyecz’s decision to request a pizza (paid for in Bitcoin) on an internet forum, back in 2010.
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Laszlo paid 10,000 BTC for two Papa John’s Pizzas (~$40 USD at the time, a cool $268M at today’s prices).
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The transaction itself did two things: used Bitcoin as a medium of exchange for an every day purchase, in a very public manor.
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Gave a price anchor to anyone/everyone watching Bitcoin. I.e. gave them a moment to point back to and say “that pizza is now worth $X in today’s money.”
Full Story
ICYMI, yesterday was Bitcoin Pizza Day.
The day that celebrates Laszlo Hanyecz’s decision to request a pizza (paid for in Bitcoin) on an internet forum, back in 2010.
Laszlo paid 10,000 BTC for two Papa John’s Pizzas.
~$40 USD at the time, a cool $268M at today’s prices.
So what’s the significance? Are we all just piling on Laszlo and reminding him of his lost fortune?
Not really.
Laszlo has said in the past that he doesn’t regret his decision, which we read as ‘I had a whole lot more than 10k BTC stored away. I’m doing just fine, thank you.’
The transaction itself did two things:
-
Used Bitcoin as a medium of exchange for an every day purchase, in a very public manor.
-
Gave a price anchor to anyone/everyone watching Bitcoin (which made up the entire blockchain industry at the time). I.e. gave them a moment to point back to and say “that pizza is now worth $X in today’s money” (like we did at the start of this article).
Anyways, this is all to say:
Happy (belated) Bitcoin Pizza Day everyone!
