15 years ago, a software developer paid for two pizzas with 10,000 bitcoin. Those pies would be worth $1.1 billion today

It is not an official holiday – yet – but for many encrypted currency lovers, “Bitcoin Pizza” is still unique. On Thursday, the fifteenth anniversary of the first known use of the encoded currency to buy goods in the real world.

Its value was about $ 41 at the time, 10,000 Bitcoin paid by the software developer paid by the Papa John, which was delivered to his home in Florida on May 22, 2010, at the time. Today they deserve $ 1.1 billion, as Bitcoin recorded high prices.

Many encrypted currency companies announce promotional offers and other celebrations to celebrate Pisa Bitcoin Pizza. Bitget, an encrypted currency exchange, has announced that it abandons the pizza for more than 2000 people in the gatherings held all over the world.

Here is a pizza pizza day.

Modest beginnings

The first Bitcoin was created in early 2009 by the creator who is still unknown in the digital currency, Satoshi Nakamoto. It has started as a passion for the freezing computer who wanted to create a digital payment system that does not depend on a third party-such as a governmental institution or a financial institution-for transactions.

Hanycz was an early enthusiastic and became active on the early Bitcoin messages panel, as it has provided artistic advice on how to “Bitcoin” more effectively.

Bitcoin technology is the process by which transactions are verified and then recorded on what is known as Blockchain. Computers connected to the Bitcoin network to solve complex sports accounts that check the transactions, as the newly arrested Bitcoins winner earns a reward in a process known as mining.

In the early days, enthusiasts could extract Bitcoin with their home computers, and to assemble Hanycz thousands of new digital assets. Nowadays, Bitcoin Mining has become a very competitive field with billions of dollars in companies using computers specialized in entire data centers to acquire new bitcoin coins.

“There is no strange fish”

In the early days, no one knew exactly what to do with the Bitcoin they were suffering from. On May 18, 2010, hanycz tried to experience and published a message that provides 10,000 Bitcoins for pizza.

“I love things such as onions, peppers, sausages, mushrooms, tomatoes, beeroni, etc. … only there are no strange fish or anything like that.”

After three days, Hanycz asked if he needed to raise the price.

“So no one wants to buy me a pizza? Is the amount of bitcoin that I offer very low?” books.

But the next day, hanycz said he successfully exchanged Bitcoin to the pizza. Another Bitcoin fans from California paid the price of Papa John’s pizza in exchange for encrypted currencies, according to a book on Bitcoin’s early history, “digital gold”.

“A great teacher has arrived.”

Huge growth

It didn’t take a long time until Bitcoin set out after the first pizza deal. Bitcoin has started getting more advertising and sleeping, partly due to the popularity of the Black Market website, Silk Road, which only accepted bitcoin.

By February 2014, with Bitcoin’s trading of about $ 600, Hanycz wondered what the digital currency has become.

“I mean, people can say I am stupid, but it was a lot at that time,” Hanycz wrote on Bitcoin’s letters. “I don’t think anyone would have known that he would be launched like this.”

Five years later, when Bitcoin was trading up to $ 11,000, hanycz was reflected on what was the purchase of the first pizza that Bitcoin means.

“It has made it real for some people, I mean that for sure for me,” Hanikz said on the TV program.

Hanycz has remained largely outside the public lights in recent years, and the efforts made to contact him by Associated Press have not succeeded.

The highest level

After many years of seizures and start, Bitcoin is now firmly established in the prevailing financial system. Although it did not start as a way to pay the price of daily elements such as Pizza, Bitcoin has found popularity as a kind of “digital gold” or a way to store value.

Retirement calculations can purchase investment funds circulating in Bitcoin, and more companies buy Bitcoin as a tank for companies, and president Donald Trump has recently signed an executive that creates a government reserve from Bitcoin.

Bitcoin was circulating about $ 111,000 on Thursday morning – a new record. This price gives it a roof for the market more than $ 2 trillion, or almost like Amazon.

This story was originally appeared on Fortune.com

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2025-05-22 17:48:00