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Author Topic: On 22 May 2010, programmer Laszlo Heinitz bought two pizzas for 10,000 BTC.  (Read 797 times)

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    Fourth year Anniversary Quick Poster 1000 Posts
Today is a notable holiday in the crypto world - #Bitcoin pizza day - on 22 May 2010, the first officially known purchase of a tangible object with bitcoins. Laszlo Hanyecz (Laszlo Hanyecz) bought 2 pizzas for 10000 bitcoins. Then he repeated this purchase 4 more times for a total of 50,000 #BTC spent on 10 pizzas. By the way, he's fine - probably didn't spend all the bits on pizza. Order a pizza and check your #BTC balance.

P.S. Do you think CZ knew there would be a court case against him in a year?  ;D

Bon appetit!

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It's a really memorable event. If he hadn't used bitcoin to buy pizza that day, bitcoin wouldn't have started and maybe people wouldn't have started showing much interest in bitcoin.  And if nothing like that happened that day, it is doubtful whether we would have seen Bitcoin at such a level. Yes, the creator of Bitcoin had the goal of making Bitcoin to the point where people could use it as an alternative to money. so it might have been massively publicized either way. But Laszlo Hanyecz's activity that day helped give Bitcoin a further boost. thanks to Laszlo

Happy Bitcoin Pizza Day 🍕🍕

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It's the biggest and most memorable event in the history of Bitcoin, that transaction paved the way for the use of Bitcoin as a means of purchase, and as long as Bitcoin is in existence, this event will headline every May 22 of every year, this is why whenever I eat pizza I remember this big event unfortunately the pizza store in our place is under renovation that I failed to remember this day.
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Thats the thing that people forget about, this dude didn't bankrupted or anything, I have read his response about seven years ago, and not even just recently and he said that he had a lot more than that and kept it, even if he sold it seven years ago that is still a wealthy person, and I am sure that he still keeps some for sure. This dude had tens of bitcoins, maybe over 100k amount, and he used it exactly as intended, as a currency, and made more of it later on as well. Its definitely a good day but I do get a chuckle every time people say "he must regret it", dude not only has more, but the bitcoins he has left, increased in value thanks to his transaction as well.

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Happy Bitcoin Pizza Day 🍕🍕
I wasn't active during the day, but in the past it was a happy occasion. 10,000 Bitcoin will definitely buy you a pizza for all your country, so I hope you enjoy what you have now, as it may be a fortune in the future.
P.S. Do you think CZ knew there would be a court case against him in a year?  ;D
I don't like the way he tries to promote Binance by taking advantage of any event, just wearing a T-shirt with the platform's logo is enough.
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    100 Poll Votes 15000 Posts Sixth year Anniversary
Thats the thing that people forget about, this dude didn't bankrupted or anything, I have read his response about seven years ago, and not even just recently and he said that he had a lot more than that and kept it, even if he sold it seven years ago that is still a wealthy person, and I am sure that he still keeps some for sure. This dude had tens of bitcoins, maybe over 100k amount, and he used it exactly as intended, as a currency, and made more of it later on as well. Its definitely a good day but I do get a chuckle every time people say "he must regret it", dude not only has more, but the bitcoins he has left, increased in value thanks to his transaction as well.
I think that only those who don't have much BTC would scoff at Laszlo Heinitz's decision to use BTC to buy pizza. This first invoice opened up the value of BTC in the economy, meaning that BTC could be used to pay for goods and services in the real world. If there were no similar actions, if everyone wanted to keep BTC in their accounts, the BTC market would not exist and BTC would continue to have no value.

I am glad that Laszlo Heinitz continues to be successful and wealthy thanks to BTC and his vision. As long as BTC exists, we will continue to remember Laszlo Heinitz every year, something that many great people cannot achieve.
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Offline TomPluz

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Its definitely a good day but I do get a chuckle every time people say "he must regret it", dude not only has more, but the bitcoins he has left, increased in value thanks to his transaction as well.

I always read that kind of shortsighted reaction to the pizza transaction which amounted to 10,000 BTC which is currently worth $693,000,000 paid by now famous Laszlo Hanyecz for two boxes of Papa Johns pizzas. Now, while many of us would surely regret what happened, I think we should always remember that this was actually a landmark transaction, the first one where Bitcoin was used to buy something. And that is why we have the Bitcoin Pizza Day today to commemorate such a pivotal event in Bitcoin's colorful history. Instead of felling some regret, we should instead celebrate maybe by also buying a box of pizza and if possible using our BTC wallet.


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Offline joniboini

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Now, while many of us would surely regret what happened, I think we should always remember that this was actually a landmark transaction, the first one where Bitcoin was used to buy something. And that is why we have the Bitcoin Pizza Day today to commemorate such a pivotal event in Bitcoin's colorful history.
Yeah, I think it's difficult to expect nothing less than people laughing or criticizing his decision to buy pizza with Bitcoin. A lot of people like to trash others nowadays, especially on the internet. I dunno why, maybe because they're too stressed with real-life problems and the internet is their place to vent. Fortunately, I've seen many people celebrate this historic day with something positive like doing quizzes, contests, and so on. Staying from social media probably helps if you don't want to get spoonfed with negativity or misinformation about Pizza Day.

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P.S. Do you think CZ knew there would be a court case against him in a year?  ;D

At least CZ still has the chance to celebrate Bitcoin Pizza day this year before he has to begin his jail sentence.

But I mean, nobody could've seen that coming.

I always read that kind of shortsighted reaction to the pizza transaction which amounted to 10,000 BTC which is currently worth $693,000,000 paid by now famous Laszlo Hanyecz for two boxes of Papa Johns pizzas. Now, while many of us would surely regret what happened, I think we should always remember that this was actually a landmark transaction, the first one where Bitcoin was used to buy something. And that is why we have the Bitcoin Pizza Day today to commemorate such a pivotal event in Bitcoin's colorful history. Instead of felling some regret, we should instead celebrate maybe by also buying a box of pizza and if possible using our BTC wallet.

You can't have a circular economy without spending some money at the early stage. That's exactly why bitcoin was able to grow, but many shitcoins just plummeted to zero as people were either HODLing them without spending them or they all dumped their bags at the same time.
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Well actually I just remember this event right upon reading threads on forums  because I already forget the Bitcoin pizza day for a couple of years now since I jump into crypto forums in 2016. Very memorable day to be honest as it marks Bitcoin as being used in purchasing something earlier in the history.

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    Quick Poster Topic Starter Sixth year Anniversary
The annual bitcoin event is always celebrated with great fanfare and many top exchanges such as Binance took advantage of this event to distribute thousands of free pizzas to commemorate this historic day.

We know that without this first transaction, bitcoin will not have an extraordinary story and of course there are many events that make bitcoin more memorable and grow rapidly.

Happy Bitcoin pizza Day 2024

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Its definitely a good day but I do get a chuckle every time people say "he must regret it", dude not only has more, but the bitcoins he has left, increased in value thanks to his transaction as well.

I always read that kind of shortsighted reaction to the pizza transaction which amounted to 10,000 BTC which is currently worth $693,000,000 paid by now famous Laszlo Hanyecz for two boxes of Papa Johns pizzas. Now, while many of us would surely regret what happened

I'm pretty sure even if he hadn't spent all these Bitcoins on pizza, I don't believe he would have saved them until today when one BTC is worth $69k. This would only happen if he did not have access to the wallet for years

Interestingly, no one asks what Papa Johns did with all those Bitcoins, did he sold them immediately or hodl and for how long
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Offline bitterguy28

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Today is a notable holiday in the crypto world - #Bitcoin pizza day - on 22 May 2010, the first officially known purchase of a tangible object with bitcoins. Laszlo Hanyecz (Laszlo Hanyecz) bought 2 pizzas for 10000 bitcoins. Then he repeated this purchase 4 more times for a total of 50,000 #BTC spent on 10 pizzas. By the way, he's fine - probably didn't spend all the bits on pizza. Order a pizza and check your #BTC balance.
The most celebrated day in bitcoin history the first purchase and that is Pizza with an outstanding and huge amount of bitcoin.

Wish that lazlo preserve even 1 slice of that pizza for memoradium
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P.S. Do you think CZ knew there would be a court case against him in a year?  ;D

Bon appetit!

well what is important is that he celebrate this special day.

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Well actually I just remember this event right upon reading threads on forums  because I already forget the Bitcoin pizza day for a couple of years now since I jump into crypto forums in 2016. Very memorable day to be honest as it marks Bitcoin as being used in purchasing something earlier in the history.
10k Bitcoins were not of great value until after what happened in 2013. I am surprised when was the first time this event was celebrated.


Interestingly, no one asks what Papa Johns did with all those Bitcoins, did he sold them immediately or hodl and for how long
He did not buy pizza directly from Papa Johns, but rather a friend offered to send him these bitcoins in exchange for buying him pizza. His name was roughly Jeremy “Jercos.”
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He did not buy pizza directly from Papa Johns, but rather a friend offered to send him these bitcoins in exchange for buying him pizza. His name was roughly Jeremy “Jercos.”

Yeah, Jercos doesn't seem to have done much with 10k Bitcoin either. He cashed them in when they got x10 value. At least the conclusion from this interview
https://www.bitcoinwhoswho.com/jercosinterview

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Q. What do you primarily use bitcoins for? Do you still control millions of dollars worth?

A. Bitcoin as a currency is meant to be spent. Those 10,000 BTC made it back into the economy fairly quickly, around the time they were worth some $400. A ~10x ROI from simply trading in a different currency is quite good, even if that factor could have been higher had I held on to said currency longer.
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