On May 22, 2010, Bitcoin Pizza Day was born. This Sunday marks the twelfth anniversary of the first documented crypto purchase. But what’s all the fuss about?
What started as an innocent purchase of two Papa John's pizzas for 10,000 Bitcoins has actually made Bitcoin history and turned into a celebration of the first documented bitcoin transaction.
While some may see Bitcoin pizza day as nothing more than another excuse to eat pizza, we view it as a symbol of Bitcoin's early days and Cryptocurrencies potential for mainstream adoption.
At the time, that was worth about $40.
If he were to purchase those same two large pizzas today with Bitcoin, they would cost over $100 million! This day is celebrated as Bitcoin Pizza Day and is a reminder of how far bitcoin has come since its inception in 2009.
The now-famous Laszlo Hanyecz agreed to pay 10,000 BTC for two delivered Papa John's pizzas, on the 22nd of May 2010, marking it the first known commercial transaction using Bitcoin. Back then, the takeaway only cost him around $40. Today the same transaction would set you back a pretty penny of around $302,250,000.
For any die-hard HODLer out there, this sounds like a bad fever dream, but for Hanyecz, the exchange wasn’t about money but instead the beginning of the mainstream adoption of BTC.
“Somebody had to start it off” - Laszlo Hanyecz in a 2019 interview with CBS.
The story sounds like a poor practical joke; for many others, it marks the beginning of cryptocurrency adoption by the masses. Here at StormX, we pride ourselves on being able to offer our members the sweetest Crypto Cashback offers when they shop online (and in-person with the upcoming debit card 😉).
The significance of Bitcoin Pizza Day is to celebrate the early days of Bitcoin, the crypto market in general, and its potential for mainstream adoption. It is also a reminder of how far cryptocurrency has come since its inception in 2009.
Right, so what does all of this mean to you?
Last year we increased cashback and his year should be no different. So, as of 5/20/2022, ALL FOOD OFFERS will be increased to 2x!
This means you can finally treat yourself to that naughty takeaway you’ve been drooling over the whole week; maybe fill your fridge full of delicious snacks and earn double Crypto Cashback when you do so!
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Who is Laszlo Hanyecz?
Laszlo Hanyecz is a computer programmer who made the first real-world transaction using bitcoin when he paid for two pizzas with bitcoin. This day is celebrated as Bitcoin Pizza Day and is a reminder of how far bitcoin has come since its inception in 2009.
Is Bitcoin pizza guy rich?
No one knows for sure, but it is speculated that Laszlo Hanyecz is no longer a bitcoin millionaire due to selling his bitcoin early on. However, he is still considered to be one of the most important figures in bitcoin history.
How much are the first 2 pizzas that were sold on Bitcoin worth today?
Reviewing Bitcoins' current crypto exchange rate with fiat currencies we have calculated what the first transaction would cost Bitcoin users today.
Today the two Bitcoin pizzas, or 10,000 BTC, would be worth $303,419,000 USD.
Buy a pizza or treat yourself to two (or more) with your local fiat currency without worrying about the value of that being valued at billions of dollars in a few years' time.
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- The maximum Crypto Cashback to be earned with this promotion is limited to 87.5%.
- Offer valid from 5/20/2022 - 5/23/2022 20:00 UTC
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- Increased Crypto Cashback will be visible in your balance after the initial 90-day waiting time and paid within 2 weeks of that period.
- Increased Crypto Cashback offer is stackable with Reward Memberships.
- Normal returns T&Cs apply.
- No cash alternative will be provided.
*Please note that offer availability depends on region.