The story behind Bitcoin Pizza

On May 22nd, 2010, the first ever Bitcoin transaction for a consumer product took place after a Florida U.S. programmer and Bitcoin fan, Laszlo Hanyecz, spent 10,000 BTC on two pizzas. At the time, when Bitcoin was a little over a year old, the amount paid equated to approximately $40.

The software engineer was an early investor in Bitcoin and like many early adopters believe that bitcoin would eventually take over the regular currency. And what do you do with regular currency? Buy stuff - so that was exactly what Hanyecz did.

Hanyecz posted :

I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!

Since then, cryptocurrency enthusiasts across the globe have celebrated ‘Bitcoin Pizza Day,’ not because the man in question paid 10,000 BTC, but because at the time said transaction represented a milestone for Bitcoin adoption.