Pizza purchased at the time
On May 18, 2010, at 12:35, a user with the ID Laszlo posted a reward thread on the Bitcoin forum, willing to exchange 10,000 BTC for two large pizzas, with the seller having the option to make them or order takeout, and he detailed his taste preferences in the post. Prior to this, on April 16, he had joined the Bitcoin Talk Forum initiated by Bitcoin's founder Satoshi Nakamoto.
In 2010, Bitcoin had just emerged, and people were still unfamiliar with this so-called "digital cryptocurrency" existing on the internet, let alone having a concept of trading. Therefore, the post did not immediately generate much response, with only a few users willing to buy pizza for him, but the transaction failed due to not being in the United States.
At the time, 10,000 BTC was worth about $30, which made Laszlo wonder if his offer was too low. Until four days later, on May 22, Laszlo replied in the forum that he had successfully bought pizza and shared photos of the purchased pizza. May 22 thus became "Bitcoin Pizza Day".
<>historical significance is that it was the first transaction since Bitcoin's birth, meaning that Bitcoin now had exchange function, than being on the network. Of course, this first offline BTC transaction was also somewhat experimental, testing whether Bitcoin actually had the as function of a "currency currency".<>to interview with lo in 2019when asked he this, l, "to pizza with BTC because it felt like free pizza to me. What I mean is, ITC I this thing and mined BTC, feeling like I won the internet that day - I pizza by contributing to an open source project p-source. Usually, hobbies cost time and money, but in this case, my hobby bought me dinner."
Laszlo
Laszlo's "experiment" was also related to the ease of mining blocks at the time. As a programmer, he was among the first to come into contact with Bitcoin and is credited with inventing GPU mining, reportedly quickly mining tens of thousands of BTC.
According to the blockchain explorer OXT chart tool, Laszlo's had funds flowing in from May 2010, with that month's balance peak reaching 20,962 BTC. It can be seen that the 10,000 BTC spent on pizza was quickly replenished through mining (his wallet reached a historical high of 43,854 BTC in June 2010, after which BTC slowly flowed out,, though he to one wallet)p>>
After>the Bitcoin pizza transaction, as Bitcoin's price soared, netizens continuously updated the latest market price of those two pizzas under the post, and Laszlo also commented that he didn't expect Bitcoin would rise so quickly.
Even as Bitcoin became more valuable later, facing this pizza transaction, Laszlo Hanyecz said in interviews that he did not regret this consumption nor lost sleep over it. In his words, he was happy that, all eat free pizza just by a graphics card.
In fact,, after completing the first transaction, Laszlo Hanyecz began frequently using Bitcoin for payments, spending about 100,000 BTC, worth about $4 billion now. The 10,000 BTC he spent on $30 worth of of pizza is now worth over $260 millionTC.
lo has always been low-key, without opening social media accounts, and people are unsure whether he became wealthy due to Bitcoin.However, we can continue to track the whereabouts of those 10,000 BTC after Laszlo's pizza pizza purchase.
The seller who made the transaction with Laszlo Hanyecz was-year-old California boy named Jeremy Sturdivant. He had been exposed to Bitcoin since 009 bit and mined several several thousand BTC himself. was also an early Bitcoininconsumer who would use Bitcoin whenever for online or offline payments whenever possible. to account he those 10,000 BTC on traveling with his girlfriend.
In 2018candid, candidly admitted in an interview that he never thought Bitcoin would have such great appreciation potential. Even so, he did not regret spending those BTC, feeling that the pizza sale transaction brought him $400 , in, a tenf-old, making it a good deal.Later, Bitcoin's price trend was witnessed by, May 2, market and capital still had confidence in Bitcoin and looked forward to the halving period.
Hanyecanyalso maintained this positive attitude. This might be because since joining the open-source community in 2010, his approach to Bitcoin hasn't changed. For him, it remains still just an amateur hobby, not a profession.
The low---hanyecz has since continued to participate as a Bitcoin enthusiast.
< p To be'm somewhat detached because of too much attention," he said. "I don don't want that kind of attention, and of course, I don't want people to think I'm Satoshi Something. I just think it's better to treat it as an amateur hobby. I have a normal normal job and won't work full-time on Bitcoin. I don't want it to become and. I'm glad I can participate participate to this extent."
