On May 22, 2010, Bitcoin is more than just an idea. Laszlo Hanyecz, a developer and early contribution of Bitcoin Codebase, posted a casual proposal. Five days later, someone took him. Two pizzas of PAPA John have been delivered. Screenshots have been posted. Bitcoin entered the real world.
At that time, 10,000 Bitcoin, which was worth about $ 41, is currently worth more than $ 1.1 billion. And when Bitcoin hit the 15th anniversary of the 15th anniversary, the story of “Bitcoin Pizza” has more weight at any time.
It’s not about pizza. This was a moment when Bitcoin was proven to be a functional call. Until then, it was mostly lived in theory and code, weakened by encryption writers and was mined by lovers. Hanyecz’s posts and their trade have changed their ideas into action. “This deal is a reality in my eyes,” he said in an interview in 2019. “At the time, it wasn’t worth it. I wouldn’t have spent $ 100 million in pizza. But if I didn’t do it, Bitcoin wouldn’t have gained so popular.”
In the summer of 2010, HanyECZ bought pizza using Bitcoin and eventually spent more than 79,000 BTCs. Some joked at his cost, but the truth is this. Without the initial actual transaction, Bitcoin would never have proved the case. Hanyecz helped to move Bitcoin from fringe to function.
The legacy still forms us today. The Bitcoin Pizza Day has become a cultural discrimination in the encryption world, and every May 22 includes an open meeting, pizza party and educational events, which reminds us of how far the technology is, and the importance of everyday behavior.
This week, Fast Food Chain Steak ‘N Shake begins to accept Bitcoin through lightning network and signals more and more alcohol adoption. The experiment once felt is now part of everyday commerce.
Bitcoin Pizza Day is about recognition. One simple deal proved that Bitcoin could work.