The actual two pizza pies bought for BTC 10,000 by Laszlo Hanyecz in the first known bitcoin purchase

Wednesday, May 22 is Bitcoin Pizza Day. That’s because on May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz through a bitcoin forum. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Since then it has become blockchain’s pretty much only holiday.



The #Bitcoin pizza is worth $79,253,225 today. (+0.91% from yesterday) Today is Bitcoin pizza day! — Bitcoin Pizza 🍕 (@bitcoin_pizza) May 22, 2019

But as of lunchtime here in New York those 10,000 bitcoins were worth $79,253,225—just a little lower than last Bitcoin Pizza Day.

On Bitcoin Pizza Day in 2011—only a year after the ~$40 transaction—10,000 bitcoins cost $81,400. By 2012, that went down to $51,200, but then shot up to $1,276,600 in 2013. It then spiked to $5,085,900 in 2014 only to tumble to $2,364,400 in 2015 and recovered a bit to $4,732,000 in 2016. Last Bitcoin Pizza Day, it went for $82,306,400, up from $20,509,958 in 2017.

We honestly don’t know what this whole blockchain industry would look like if this first transaction hadn’t been such a ringing success. Both users were happy with the process. The kid even got a slice. But just like the blockchain, we have no way of knowing what would happen if we could go back and delete that one transaction.

It is entirely possible that this entire system would have collapsed within a year without any utility.

This is a good way to check the bitcoin community’s temperature. Some might say that the bitcoin pizza is down from last year, but it is more than recovering from a low earlier this year. This year, we gained the ability to search Yelp for restaurants who accept crypto, but we also lost a bunch of the places that accept crypto. (We geniuses at Modern Consensus couldn’t find a pizza place near us that took crypto, so we paid for it the old fashioned way.)



But still, we owe a lot to that first transaction. “I think it made it real for some people, it certainly did for me,” Lazlo told Anderson Cooper on 60 minutes last week.



Always happy to sponsor #BitcoinPizzaDay with #BNB!



To eliminate any risk of regrets later, we already bought back the BNB spent with stable coins, not gonna make that mistake on my watch. 😎 https://t.co/eHHbHVvSkS — CZ Binance (@cz_binance) May 22, 2019

PIZZA TIME: Nine years ago, Laszlo Hanyecz showed us Bitcoin really can be used as money when he bought 2 pizzas for 10 000 BTC. Today, over 400 000 merchants worldwide accept Bitcoin. Happy #BitcoinPizzaDay and congratulations to all the awesome people developing our industry!🍕 pic.twitter.com/Rpx0K8fHpp — Bitstamp (@Bitstamp) May 22, 2019

9 years ago today the first real-world transaction of #Bitcoin was made & Laszlo Hanyecz cemented his place in history.



No matter how you slice it, 10,000 $BTC for a Pizza or 2🍕 is a lot of dough! 😂



This slice is for you, Laszlo 🍕#BitcoinPizzaDayhttps://t.co/Atbs1RIvsg pic.twitter.com/gU1D0PrJf5 — Binance (@binance) May 22, 2019

Fancy An $800,000,000 Slice? Happy #BitcoinPizzaDay !



In 2010, the early days of Bitcoin, a man in the US bought a pizza using his cryptocurrency. Today that same lunch bound bitcoin is worth roughly $800M!



The Big Question though…. Did it have pineapple on?!#blockchain pic.twitter.com/Of4H3tUj4X — BlockchainDrew (@DrewBlockchain) May 22, 2019

Happy #BitcoinPizzaDay🍕everyone! We are giving away four 25 USD Pizza Giftcards to random followers replying with their favorite toppings.

Pineapple gets you disqualified automatically. #liveonbitcoin pic.twitter.com/CElHx2e0qf — Bitrefill (@bitrefill) May 22, 2019

Happy #BitcoinPizzaDay, Changellions! 9 years ago, 2 pizzas were bought for 10.000 $BTC 😮 We'd like to celebrate this milestone in the #crypto history and share a bite with you!🍕



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3⃣ random users will get pizza slices for free! pic.twitter.com/QYgajlutAZ — Changelly.com (@Changelly_team) May 22, 2019

So wherever you are, we hope you’re having a great pizza party feeling.

[Note: ”Pizza Party” Music video was directed by Modern Consensus’ own Brendan Jay Sullivan.]

