What is Bitcoin Pizza Day? – Bitcoin Pizza Day marks the day on which an early Bitcoin enthusiast purchased pizza using Bitcoin on May 22nd, 2010. The guy who bought pizza with Bitcoin was a programmer and early miner named Laszlo Hanyecz. Hanyecz made a post on a Bitcoin forum offering 10k Bitcoin for two large pizzas. 
The pizzas Hanyecz bought for 10k Bitcoin
Pogledajte cijeli odgovor
Contents
How much would you pay for a pizza with Bitcoin?
Hanyecz knows what he’s talking about: In 2010, he paid 10,000 Bitcoins, worth about $446 million at current prices, for two pizzas. It was the first known commercial transaction of cryptocurrency.
Pogledajte cijeli odgovor
What is bitcoin Pizza Day and how did it start?
Infamous bitcoin pizza guy who squandered $365M haul has no regrets
In May 2010, California student Jeremy Sturdivant, then 19, noticed a bizarre request on a cryptocurrency internet forum: He could receive 10,000 bitcoins, at the time reportedly, in exchange for the delivery of two large pizzas to Florida resident Laszlo Hanyecz, 28. Sturdivant filled the order, sending him two large pizzas (cheese and “supreme”) from Papa John’s — a transaction that would become the first physical purchase made with bitcoin in history, marked by the annual Bitcoin Pizza Day on May 22.But Sturdivant didn’t save the bitcoins for the future; instead, he spent them all on travel. Today, that lowly 10,000 bitcoin haul would be worth a pie-in-the-sky $365 million.
“I had no idea how huge it would become,” Sturdivant said. But despite losing out on boundless riches, the now-30-year-old said he is “proud to have played a part” in the “global phenomenon.” 
On May 22, 2010, Jeremy Sturdivant (above) traded two large pizzas for 10,000 Bitcoins from Laszlo Hanyecz — a transaction that would come to inspire the annual Bitcoin Pizza Day celebration. Linkedin The tale is now the stuff of bitcoin legend. In his May 18, 2010,, Hanyecz — a forum contributor — made the request, including his palate preferences: “I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc. 
Laszlo Hanyecz pictured in 2010 with his children and the two Papa John’s pizzas purchased with 10,000 bitcoins — which cost the equivalent of hundreds of millions of dollars today. Laszlo Hanyecz Sturdivant followed through on Hanyecz’s appeal — and the rest is history.
- Launched in 2009, bitcoin wouldn’t reach 1:1 with the dollar until early 2011.
- And although the price is volatile even today, it’s safe to say that Sturdivant’s haul could have been worth hundreds of millions of dollars had he decided to invest the funds.
- If I had treated it as an investment, I might have held on a bit longer,” Sturdivant of spending his earnings on a road trip with his girlfriend.
“I would never have thought that the same number of bitcoin would have a purchasing power on the order of real estate.” ‘If I had treated it as an investment, I might have held on a bit longer.’ “Retrospectively,” Sturdivant admitted to Bitcoin Who’s Who, it’s “crazy” to think of anyone having that much bitcoin today.
- And, like Sturdivant, Hanyecz has said in previous interviews that he does not regret his craving-induced purchase.
- I wanted to do the pizza thing because to me it was free pizza,”,
- I got pizza for contributing to an open-source project.
- Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.
“I think that it’s great that I got to be part of the early history of bitcoin in that way,”, Hanyecz, now 39, went on to spend 100,000 bitcoin — currently $3.8 billion — on pizzas alone in the summer of 2010. “I’d like to think that what I did helped,” he added. 
In hindsight, those were seriously expensive pizzas. Laszlo Hanyecz : Infamous bitcoin pizza guy who squandered $365M haul has no regrets
Pogledajte cijeli odgovor
Do Sturdivant and Hanyecz regret buying that much bitcoin?
Infamous bitcoin pizza guy who squandered $365M haul has no regrets
In May 2010, California student Jeremy Sturdivant, then 19, noticed a bizarre request on a cryptocurrency internet forum: He could receive 10,000 bitcoins, at the time reportedly, in exchange for the delivery of two large pizzas to Florida resident Laszlo Hanyecz, 28. Sturdivant filled the order, sending him two large pizzas (cheese and “supreme”) from Papa John’s — a transaction that would become the first physical purchase made with bitcoin in history, marked by the annual Bitcoin Pizza Day on May 22.But Sturdivant didn’t save the bitcoins for the future; instead, he spent them all on travel. Today, that lowly 10,000 bitcoin haul would be worth a pie-in-the-sky $365 million.
“I had no idea how huge it would become,” Sturdivant said. But despite losing out on boundless riches, the now-30-year-old said he is “proud to have played a part” in the “global phenomenon.” On May 22, 2010, Jeremy Sturdivant (above) traded two large pizzas for 10,000 Bitcoins from Laszlo Hanyecz — a transaction that would come to inspire the annual Bitcoin Pizza Day celebration. Linkedin The tale is now the stuff of bitcoin legend. In his May 18, 2010,, Hanyecz — a forum contributor — made the request, including his palate preferences: “I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc. Laszlo Hanyecz pictured in 2010 with his children and the two Papa John’s pizzas purchased with 10,000 bitcoins — which cost the equivalent of hundreds of millions of dollars today. Laszlo Hanyecz Sturdivant followed through on Hanyecz’s appeal — and the rest is history.
- Launched in 2009, bitcoin wouldn’t reach 1:1 with the dollar until early 2011.
- And although the price is volatile even today, it’s safe to say that Sturdivant’s haul could have been worth hundreds of millions of dollars had he decided to invest the funds.
- If I had treated it as an investment, I might have held on a bit longer,” Sturdivant of spending his earnings on a road trip with his girlfriend.
“I would never have thought that the same number of bitcoin would have a purchasing power on the order of real estate.” ‘If I had treated it as an investment, I might have held on a bit longer.’ “Retrospectively,” Sturdivant admitted to Bitcoin Who’s Who, it’s “crazy” to think of anyone having that much bitcoin today.
- And, like Sturdivant, Hanyecz has said in previous interviews that he does not regret his craving-induced purchase.
- I wanted to do the pizza thing because to me it was free pizza,”,
- I got pizza for contributing to an open-source project.
- Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.
“I think that it’s great that I got to be part of the early history of bitcoin in that way,”, Hanyecz, now 39, went on to spend 100,000 bitcoin — currently $3.8 billion — on pizzas alone in the summer of 2010. “I’d like to think that what I did helped,” he added. In hindsight, those were seriously expensive pizzas. Laszlo Hanyecz : Infamous bitcoin pizza guy who squandered $365M haul has no regrets
Pogledajte cijeli odgovor
What happened to the price of bitcoin?
The Bitcoin Pizza Purchase That’s Worth $7 Million Today This is a fable for the Bitcoin bubble (or not?) that we’re living through this year. Back in 2010, Florida programmer Laszlo Hanyecz talked someone into accepting the 10,000 he’d “mined” on his computer in exchange for two pizzas.
It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,” Mr. Hanyecz told the recently. In those distant days before twerking went mainstream, Hanyecz estimated that each Bitcoin his computer had earned through basically crunching numbers was worth a fraction of a cent, like the cash value of a coupon you might receive in the mail, only much less.
So at the time, it seemed like something of a coup to score two piping hot pies with money that some software had essentially willed into existence through some fringe mathematical magic. Then 2013 happened. Speculators, the media and who knows who else got wind of Bitcoin, and the price shot up to over $1,200 at the beginning of December.
- As of this writing, after taking a hit from a ban on new purchases by the Chinese government, the price is down to about $700 per Bitcoin.
- If you’ve got your calculators out (or up on your desktop), you already know that Hanyecz’s pizza purchase would be worth about $7 million at current Bitcoin prices.
These days Bitcoins are more likely to be accepted for a purchase from than Papa John’s. Hanyecz says he isn’t bitter, which is more than I can say for myself. I spent part of the summer playing around with a few hundred dollars on the Bitcoin exchanges.
The prices were so volatile it was fairly easy and straightforward to buy low and sell high and ride the waves. I grew my little experiment to a thousand bucks worth of Bitcoin fairly quickly, and then got spooked this fall after it became nearly impossible to withdraw funds from Japan-based Mt. Gox, one of the biggest exchanges around, to a U.S.
bank account. I wound up transferring my Bitcoins to U.S.-based Coinbase and cashing out, only to see the crypto-currency skyrocket to rival the price of gold just a few weeks later. To anyone who knows what Bitcoin is, I have lamented my poor timing loudly and frequently.
Pogledajte cijeli odgovor
