Pizza For 10,000 Bitcoins?

In 2010, a man had 10,000 Bitcoins and was hungry. He decided to reach out to people on a forum, asking the people on there if anyone wanted to trade 10,000 Bitcoins for a couple of pizzas. He posted the following on BitcoinTalk forums.

Well, one man actually went on to buy these pizzas. He bought them for $25 and exchanged it for 10,000 Bitcoins. At the time, the value of 10,000 Bitcoins was $40, so in his mind, he ended up paying $15 more than what the pizzas would have normally been. Today each Bitcoin is valued at over $8,000, but depending on when you see this, the prices may be different.

Whatever the price is, it’s definitely not going to be worth $40. It doesn’t seem like that’s happening anytime soon. So if he held on to these 10,000 Bitcoins at this moment, he would have been sitting on $82,000,000 dollars. He said at that time he used Bitcoins because he didn’t think it had any value to it, which sounds pretty ironic now. Whoever sold him those Bitcoins, we hope that he was patient enough to keep those Bitcoins and hopefully he turned $25 into $82,000,000.

It is widely believed that the first real world Bitcoin transaction took place on May 22nd, 2010. Laszlo Hanyecz, a programmer living in Florida, sent 10,000 Bitcoins (BTC) to a volunteer in England, who then spent $25 to order Hanyecz two Papa John’s pizzas. “I wanted to show that yes, you still can buy pizzas with Bitcoin,” Hanyecz said in a telephone interview from Jacksonville, Florida.

The delivery person was instructed to only deliver the pizza if Hanyecz showed him the first and last four characters of the string of code that proved he had made the payment. He showed him the numbers he had written down on a notebook, the driver saw they matched with what Hanyecz’s friend had told him, and he delivered the pizza. Hanyecz then uploaded the image as proof that the transaction had been successfully completed. On December of 2017, the value of Bitcoin (maximum value until now) was around $19,500 per coin, making the value of 10,000 Bitcoins worth $195,000,000 at its height. That day has been remembered as Bitcoin Pizza Day since.

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