May22, let’s celebrate Bitcoin Pizza Day, you know?

But what is “Bitcoin Pizza Day?” We were all newcomers at one point or another when we first entered the world of cryptocurrencies. We were all unclean (and still given the pace at which the ecosystem is developing) in all of these terms and this slang that is specific to this universe. Now you will learn a little more. In the world of crypto there are also birthdays, symbolic holidays. Like, for example, Bitcoin Pizza Day! In this article you will find out what is celebrated on this day and what symbolism the torch is.

What is Bitcoin Pizza Day?

On May 22, 2010, Laszlo Hanyecz, the inventor of GPU mining, exchanged ten thousand Bitcoins (BTC) for two pizzas worth twenty – five dollars each. Since this event, this date is now one of Bitcoin (BTC)’s established moments. While the biggest boom in the cryptocurrency market was only at the end of 2020, the cryptocurrency itself has been around for much longer. You probably know that the first cryptocurrency ever developed and launched was Bitcoin (BTC) by Satoshi Nakamoto in 2009. At the time, no one knew what crypto was, and even Bitcoin was worth it. (BTC), a coin that is even exponentially today. next to nothing when it was first created.

How did this purchase go in Bitcoin (BTC)?

On May 22, 2010, Hanyecz, an early crypto enthusiast, decided he wanted to try to buy two pizzas using just the BTC he had. Today, one bitcoin (BTC) would buy you enough pizza to fill a house, but things were very different back then. So Hanyecz hopped on the Bitcoin Talk forum and announced that he wanted to spend ten thousand BTC for two pizzas. Today, almost 285 million euros is worth almost ten thousand BTC. In May 2010, they were worth about forty dollars. Hanyecz said he wanted to buy two large pizzas and deliver them to his house. He even specified his preferred type of topping.

It all started with a post on the Bitcoin Talk forum

“I agree to pay 10,000 bitcoins for a pizza, tell us two big pizzas, so I have some left over for the next day. I like to have pizza left over for later. You can make the pizzas yourself and bring them to me, or order them for me from a store. All I want is to deliver food to me in exchange for bitcoins (…) If you are interested, please let me know so we can agree. » And four days later it was a British consumer who asked Papa John of Jacksonville, Florida, the city where Laszlo Hanyecz lived, to order two pizzas.

This episode, called The » Bitcoin Pizza Day ”, celebrated annually by the Bitcoin community. Some, like Ledger, take advantage of this to surf on the success of this day in the community. Become a true icon, this famous day, after the two most expensive pizzas in history. Today, one of these pizzas is about 142 million euros!

During the «Bitcoin Pizza Day “, The first physical object was purchased using cryptocurrency. This gave BTC some real-world tangibility and marked the Bitcoin community when crypto enthusiasts realized that Bitcoin could cost more than what was negotiated between buyers and sellers in virtual transactions.

Get a summary of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!

Gregory Morat

A student passionate about entrepreneurship and interested in the technologies behind cryptos! Yes, I’m convinced that the two are closely linked: blockchain and NFTs are revolutionizing many sectors and presenting unprecedented opportunities.