About 11 years ago on May 22, Laszlo Hanyecz , one of the early adopters of the newfangled cryptocurrency that had just been coded into existence, purchased a pair of Papa Johns pizza pies using 10,000 bitcoins.22 May 2021
Read moreHow much is the Bitcoin pizza worth now?
The two pizzas currently total a value of $372 million . Making it the most expensive pizza purchase in history. At the time of purchase, Hanyecz’s 10,000 BTC was worth a meagre $40. Hanyecz reached out to the Bitcointalk community to see if anyone would be willing to transact the bitcoin for pizza.22 May 2021
Read moreIs Bitcoin pizza guy rich?
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’.
Read moreWho is Jeremy Sturdivant?
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
Read moreHow 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.
Read moreWho bought the 1st Bitcoin?
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.
Read moreWho is Laszlo hanyecz?
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.
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