Original Pizza Day Purchaser Does It Again With Bitcoin 1000 Bitcoin for 2 🍕

Laszlo Hanyecz, the person that completed the sector’s first documented Bitcoin (BTC) transaction for a physical object in 2010 -- 10,000 BTC for 2 pizzas -- has now offered two extra pizzas the usage of the Bitcoin Lightning network.

Hanyecz posted on the Lightning-dev mailing listing these days, Feb. 25, that he needed to get his pal in London to “sub agreement” out the pizza delivery to a local pizza vicinity if you want to pay on the Lightning community, because “pizza/bitcoin atomic change software program” is yet unavailable.

however, in line with Hanyecz, the transaction nevertheless “demonstrates the primary premise of the way this works for normal transactions. it can just as well be the pizza keep accepting the charge directly with their personal lightning node.”

The unique BTC-pizza transaction took place on may also 22, 2010 and has been celebrated as Bitcoin Pizza Day ever seeing that. there is a Twitter feed committed to a daily posting of what 10,000 BTC equals consistent with that day’s marketplace value -- today’s price is tweeted as $97,560,750.

This time round Hanyecz paid 649000 satoshis, or zero.00649 bitcoins, which equals around $sixty two for both pizzas.

a good way to get hold of the pizza, Hanyecz decided that the great way to show he had paid for it become to show the motive force the primary and remaining four characters of the hex string of his Lightning charge hash preimage, and if it matched with what the driving force had, he might get his pizza.

Hanyecz posits the pizzas as prizes to be acquired handiest if the lightning transaction can be completed efficaciously, writing that if he couldn’t show the motive force the pre-photo, “the pizza would no longer be surpassed over and it'd be destroyed.”

The trial became a success, Hanyecz were given his pizzas, however he brought that “it's probably no longer an awesome practice to share the preimage.”

Hanyecz covered a link in his publish to numerous pix of him and his circle of relatives playing the pizzas, one child sporting an “i really like pizza” shirt, the opposite in an “i really like Bitcoin” one, and the notepad with the partial preimage displayed in the front of the pizza container:

the primary ever documented physical purchase on the Lightning community, a “2d layer” payment protocol taken into consideration the next step in BTC’s evolution through growing the ability of the network for a international audience, reportedly happened on Jan. 20 of this year. Reddit person /u/btc_throwaway1337 published that he sold a VPN Router via a charge channel supplied by means of TorGuard, a purchase similar in importance to the authentic Pizza day.

Hanyecz ends the put up about his successful lightning BTC-pizza transaction by using asking his readers, “So is there any factor to doing this in preference to an on chain transaction? For what I described here, likely no longer:”