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Happy Bitcoin Pizza Day!

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Avatar for Omar
Written by   403
5 months ago

Happy Bitcoin Pizza Day! May 22nd marks the 11-year anniversary of the first Bitcoin transaction, in which Laszlo Hanyecz, a Florida man, paid 10,000 bitcoins for two slices of Papa John's pizza on May 22, 2010.

Hanyecz was the first person to use bitcoin in a commercial transaction.

The 10,000 BTC were worth just $41 at that time.

Bitcointalk Forum

He made the offer on bitcointalk forum. He wrote: “I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later … If you're interested please let me know and we can work out a deal.”.

Laszlo Hanyecz (Credit: Laszlo Hanyecz)


It is understandable that one can't help but calculate how much 10,000 bitcoins would be worth now. However, even though some people make fun of him now, Laszlo Hanyecz is a true legendary because he realized the real mission of Bitcoin as peer-to-peer electronic cash system as described in the whitepaper.

Unfortunately, BTC later lost that mission because of the high fees and delayed confirmations. It became a coin just for "HODL" and speculation. In fact, currently the fees to send a BTC transaction are almost equal to the price of a pizza.

BTC maximalists claim that it is good money because it is a good "store of value". However, Menger-Mises theory of the origin of money states that store of value is a secondary function of money which depends on its utility in its primary function as a medium of exchange. Here is also a nice video by Roger Ver explaining these concepts.

Bitcoin Cash BCH is the best version of Bitcoin nowadays since it continues that vision of Satoshi Nakamoto as money for the world.

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Let us celebrate Bitcoin Pizza Day by buying, selling, sending, tipping, or exchanging something for Bitcoin Cash!

You may know a person or a business that accepts Bitcoin Cash in your neighborhood.

If not, may I suggest the following resources / businesses ?

  1. https://local.bitcoin.com

  2. https://map.bitcoin.com

  3. https://purse.io/shop

  4. https://www.egifter.com/buy-gift-cards-with-bitcoin-cash

  5. https://www.travala.com

Please invite your family and friends to noise.cash. This way, they can learn about Bitcoin Cash, download a wallet, see how convenient BCH is, and earn some money while doing so!

Thank you for reading!

- Omar

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Avatar for Omar
Written by   403
5 months ago
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Comments

Honesty, I've been in here for almost 5 months for now but still need to understand lots of things about "Cryptocurrency and its Finest."

If literally saying regarding this pizza thing you've mentioned sir, I hoped I can grab some even just a slice of it tho.. Hehe.. 😊

$ 0.00
1 week ago

Nice to read your article. Of course there should be a pizza party with Bitcoin Cash.

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3 months ago

Oh no you write it now sir, I read this in the twitter and I think I would write this but you are in the first so I respect it , you are so great, If I have enough BCH I can buy Pizza too ? by the way here is my article I hope you can visit it sir,thank you.

https://read.cash/@SenseiZero/my-short-experience-in-noise-cash-f5cc805a

$ 0.10
5 months ago

Will you buy pizza using BTC today? 😅🤣

$ 0.10
5 months ago

Yes, of course! with Bitcoin Cash. I would spend and replace. I would buy more BCH to replace what I have spent.

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5 months ago

10,000 bitcoin! How many pizzas can you buy today? Right now BCH is priced at $ 651, so today our legend could buy roughly 158,780. Enough pizzas to eat for 435 years in a row. In other words, it would be a legacy for the next 21 generations of your family.

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5 months ago

Happy Pizza Day sir, I know they have a give aways in twitter, instagram and even in email hehe I hope I can participate

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5 months ago

Seriously i was planning to write about this one tomorrow but you already explained it hehe bad luck ....

$ 0.10
5 months ago

😁 you write about it next year, and we will split the upvotes 50/50, deal?

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5 months ago

Hehe deal done but i was planning to write buying a pizza with BCH will become your regret by explaining this........

$ 0.10
5 months ago

Both him and Satoshis will be sad with the direction Bitcoin is heading , it has completely deviates from it purpose. Bitcoincash is staying true to the mandate.

Currently, we have no merchant close by accepting BCH, but I do transfer to my friends from time to time in exchange for goods they sell

$ 0.10
5 months ago

If he holds it until now, he must be one of the wealthiest men ever. But it has been part of the history, so it's still a good one. :)

$ 0.10
5 months ago

The guy must be kicking himself when he must think about this decision 😅 I hope he had more bitcoins that he kept otherwise the guilt would kill him 😅

$ 0.10
5 months ago

He did have more BTC, and he says he has no regrets. https://www.coindesk.com/bitcoin-pizza-10-years-laszlo-hanyecz

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5 months ago

Well that is such a relief 😅

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5 months ago

Oh wow! If the owner of the pizza parlor kept half of that BTC. He would be ultra-rich by now!

$ 0.10
5 months ago

It was actually an intermediary who took the BTC and paid for the pizza in fiat.
And he sold his BTC early.

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5 months ago

Yeah. At the time, No one would have thought that the BTC price would skyrocket after a number of years

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5 months ago

Lol,it was his great mistake.Although he pay 41$ worth BTC.The other time he look like he would feel sorrow for that.This example shows that we should Hodl shitcoin😂😉

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5 months ago

Oh my. Where was I when 10,000 BTC was still $41? 💔 Such a great opportunity to miss. 🤦‍♀️

$ 0.10
5 months ago

I woke up this morning knowing exactly what I will eat today!

$ 0.10
5 months ago

enjoy!

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5 months ago

Laszlo started this. I'm always defending this guy when I read unfavorable comments against him. Some call him the pizza guy or that guy, but he was a pioneer Bitcoin dev and many seem to not even know this part.

$ 0.10
5 months ago

💯

$ 0.00
5 months ago