This Bitcoin Pizza Day, Remember Not to Spend Bitcoins on Pizza

Featured Image from Shutterstock, follow us on, telegram. Cryptocurrency enthusiasts everywhere set aside May 22 to celebrate the anniversary of the first ever Bitcoin transaction: Two pizzas for 10,000 coins bought exactly eight years ago. For crypto enthusiasts, it marks eight years exactly since 10,000 bitcoin (BTC) was used to buy two pizzas. Hell forever be known as the guy who forked over assets now valued at 82 million, for pizza.

Crypto Legend Who Bought Pizza With 10,000 Bitcoin Is Back

Each coin was worth around.003 cents each. The purchase is believed to have been the first time that bitcoin was used in a real-world transaction.

Bitcoin Pizza Day: Why May 22 Is a Historic Day for Cryptocurrency

Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Bitcoin, the answer is two.

The Founder Of Bitcoin Pizza Day Is Celebrating Today In The Perfect

New York Times, Hanyecz defended his actions: It wasnt like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly coolNo one knew it was going to get so big. I'll pay 10,000 bitcoins for a couple of pizzas, early bitcoin adopter Laszlo Hanyecz posted on a forum back in 2010.

He Paid How Much?!

Indeed, it was Hanyecz himself who would later participate in what might one day be known as "Lightning Pizza Day" after he used the next-generation technology, now in development, to purchase a pie in February. When Hanyecz bought pizza with Bitcoin about eight years ago, it was one of the first purchases done with the cryptocurrency, and it showed the Bitcoin community that it could actually be used as a means of exchange, he said. For his part, Hanyecz is apparently confident in his purchase. Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate.

CoinDesk Releases Bitcoin Pizza Day Price

Cryptocurrency hardware wallet manufacture Ledger even released a special pizza day edition of its classic Nano S wallet, which is limited to 1,337 units. After a few days one man under the alias Jercos, real-name Jeremy Sturdivant, came through with the food order. Now thats a holiday. It seemed like a rather innocuous trade, but its commemorated by cryptocurrency fans as the first time someone traded bitcoins for a real-world commodity. In mid-May of that year, a programmer named Laszlo Hanyecz sought to exchange some of his hard-earned bitcoins for pizza  several days later, he was able to do so with the aid of a fellow user of the Bitcoin Talk online forum, then a central hub.

The inside story behind the famous 2010 bitcoin pizza purchase today

But if its a 50 pizza and a 100 transaction fee, that doesnt work. Now hes at it again. The community hasnt forgotten Hanyeczs heroic quest.