How did Laszlo hanyecz get Bitcoin?

But Bitcoin wasn’t yet an acceptable currency in the market. So, how did Laszlo Hanyecz trade his coins? In 2010, Laszlo Hanyecz spent 10,000 Bitcoins at a local pizza restaurant called Papa John’s to buy himself two pizzas . Back then his Bitcoins were worth only $40.

The receiver of the first bitcoin transaction was Hal Finney , who had created the first reusable proof-of-work system (RPoW) in 2004. Finney downloaded the bitcoin software on its release date, and on 12 January 2009 received ten bitcoins from Nakamoto.

Laszlo Hanyecz is a computer programmer from the state of Florida in the United States . With the massive growth in the value of cryptocurrencies across the world, the 10,000 Bitcoins that he spent on pizzas in 2010 are worth approximately $306 million in 2021.

Programmer Laszlo Hanyecz made history when he made the first “real world” purchase with Bitcoin more than a decade ago. However, little did he know when he spent 10,000 Bitcoin on two Papa John’s pies it would also secure him a place in the crypto currency hall of fame.

Satoshi NakamotoNationalityJapanese (claimed)Known forInventing bitcoin, implementing the first blockchainScientific careerFieldsDigital currencies, computer science, cryptographySatoshi Nakamoto – Wikipedia en.wikipedia.org › wiki › Satoshi_Nakamoto

A US-based man who sold pizzas for Bitcoins now worth more than $365 million recently admitted that he blew his earnings. Back in 2010, the then 19-year-old California student, Jeremy Sturdivant, had noticed a request on a cryptocurrency internet forum – ‘Bitcoin Talk’.

Jeremy Sturdivant, aged 19 at the time, regrets that he didn’t see the potential in crypto . Sturdivant’s story is being retold as part of Bitcoin Pizza Day, which is celebrated annually on May 22 to recognise the first time someone used Bitcoin to make a physical purchase.25 May 2021