Laszlo Hanyecz

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

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.