The 10,000 BTC Pizza

in bitcoin •  8 years ago 

At least it was two-for-one.

Money is only money if you can use it to purchase something of value. So in the early days of Bitcoin, it was still very much a “theory,” and the coins were worth a fraction of a cent. On May 22, 2010, a guy named Laszlo Hanyecz agreed to give a guy in England 10,000 Bitcoins (BTC) if the guy ordered him a pizza from Laszlo's local Papa John's and had it delivered. As proof, Laszlo uploaded the above photo, and the first “real world” Bitcoin transaction occurred. As the price of Bitcoins have slowly increased from cents to dollars to now HUNDREDS of dollars, that pizza is theoretically getting more expensive all the time!

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