Cryptocurrency enthusiasts from all over the world have a very special reason to celebrate Bitcoin Pizza Day on May 22. Specifically, they’re celebrating the first ever Bitcoin transaction!
Eight years ago, two pizzas were bought for exactly 10,000 coins. A forum user offered the coins to anybody who was willing to bring him two pizzas, without having any idea about how much the digital asset will eventually rise.
But what if he kept them?
At the time of the writing, one Bitcoin is trading at almost $8,000, which means that you could get around 6.5 million $12.50 pizzas, according to Bloomberg. Also, as a side note, if you stack those pizza boxes, you could climb almost 300 kilometers in the air.
Laszlo Hanyecz, de developer who made the first purchase, is now considered a legend in the cryptocurrency world, being known as the guy who spent assets now valued at $82 million for two pizzas. A few months ago, he actually replicated his move, but through the Lightning Network, which uses a technology that runs parallel to Bitcoin’s blockchain, but way more rapid.
Bitcoin Pizza Day is now being used as a reminder of much the price of a coin went up over the past year, managing to reach almost $20,000 in December 2017. However, when Hanyecz made his pizza purchase, one coin was worth just a few pennies.
A trend was started
Ever since Bitcoin Pizza Day became ‘famous’, various services with this theme were launched. For example, PizzaForCoins, founded in 2013, accepts various cryptocurrencies as payment, then places order on behalf of customers online.
There is also Egifter, which offers customers a gift card that can be purchased using Bitcoin. With this card, users can order pizza online, from Domino’s or Papa John’s.
Finally, there are also various reports that some Subway branches from Argentina also accept Bitcoin Payments.
One aspect we should really mention is that Ledger, the company that makes cryptocurrency hardware wallets, also launched a limited edition of the Ledger Nano S, commemorating Bitcoin Pizza Day. Laszlo Hanyecz also gave his agreement, but touted the importance of good storage practices for cryptocurrency users.