Bitcoin Forum

Is May 22 the unofficial bitcoin holiday?

CBS seems to think so.  They are featuring a discussion about bitcoin this weekend on their weekly news show 60 Minutes.  Anderson Cooper interviewed Laszlo Hanyecz (https://bitcointalk.org/index.php?action=profile;u=143) for the episode, and asked him about his request to purchase pizza with bitcoin (https://bitcointalk.org/index.php?topic=137.msg1141#msg1141) back in May, 2010.  Nine years later that's looking like a really really expensive pizza.

The show is scheduled to air this Sunday.

https://www.cbsnews.com/news/meet-the-man-who-spent-millions-worth-of-bitcoin-on-pizza-60-minutes-2019-05-16/

the day of the pizza is a historical fact for bitcoin, it was the first time it was used as a means of payment without an intermediaries! I hope that soon comes that day, I want to celebrate eating pizza!

You can do right now as bitcoin price is $7,900 ;D
Yes, that is the moment that will not be forgotten for that person because he spent too much bitcoin for just buying pizza.
If he knows that bitcoin will be worth like today, I am sure he will not buying pizza using bitcoin, and he will save the amount for the pizza in his wallet.
But that happened in the past, he can remember for what he's done in the past, and he can tell the story for his kid or his grandson.

Haha OP remember this pizza day qccepting bitcoin as payment, seriously the pizza.parlor first company to accept bitcoin are the model to follow other company to decide accepting bitcoin as payment. Thanks for tsharing his unforgetable history.

That was historical and unforgettable. I'm sure that no one would buy a single box if pizza if the price is 1 btc. Everything really happens for a purpose. It's unexpected that the price could rise this far when it was just requested to switch for a pizza before.

The day is very significant and the receiver of the 10,000BTC for a pizza must be someone full of faith. Hahaha, I wish I knew about this at that stage, I should have been financially free now, maybe I would have turned a financial adviser, these days, bitcoin is still cheap.

this comment and the usual statement mentioning "most expensive pizza" is a clear indication of the major differences between people's view towards bitcoin.
in early years (like the pizza time!) people weren't thinking of bitcoin as an investment to become rich by holding it. they were instead seeing bitcoin as a currency, a decentralized one that changed their lives. and that is why 10k bitcoin was spent that easily.

Join the "Church or whatever you want call it of bitcoin"

for free pizza on tuesdays and tax exempt status

https://bitcointalk.org/index.php?topic=5141757.0

That pizza story is now a very famous and important history of bitcoin and indeed that could be the most expensive pizza ordered so far. This is now one of the many good memories which many of bitcoin lovers know and we are always mesmerized thinking about it. I am glad to see the 60 Minutes talking to the guy for their show...highlighting bitcoin and its continuing ascent in the market.

What if the unofficial will become official someday knowing that bitcoin nowadays become more popular especially to those people who earned a living coming from bitcoin. Buying a pizza using a bitcoin is very interesting news that I heard once I am still a newbie.

Spending millions of money just to buy a pizza is a very crazy move especially if we are the one to judge from the situation. But this happening also help me to understand well how important to become patient and trust the currencies that we think has the potential to grow someday.

Then the bull market must indeed be back, if the nocoiners are acknowledging one of Bitcoin's memes as a serious, historical occasion.

Or is it just a ruse by the whalecumulators? 8)

Well, by those days none could've thought of bitcoin to be a potential asset. Earlier bitcoin was given as giveaway, and with that people tend to make use of the same on something that is useful. In such a way only bitcoin seems to get used on purchase of pizza. It is all about the time and even the early investors bought and kept hold not as an investment, but on some random choice.

When I comment on this issue, I always think of not coming to the same situation in the future. Think about it, Bitcoin 100K though all the trades that you make with BTC today will mean big moves in the future.

I have already heard that an opportunity is being prepared to pay for cryptocurrency goods, but at first I thought that it was another fake. But if it’s possible to buy on Amazon with crypto so why not pizza?

That's the reason why we shouldn't underestimate every coin because bitcoin is just an example that things could bloom in time.
Most of the people that year are doubtful about Bitcoin and they surely have the regret of not switching their goods to Bitcoin. Bitcoin has gone so far and it's continuously developing.

Yeah I remember that pizza deal. Back then nobody took it too serious and treated like experiment. It was more like booting Linux kernel on Symbian smartphone or sending UDP datagrams with homing pigeons than your regular PidarPal purchase. Or I remember it like that.

Pay cryptocurrency for your purchases? That's what I understand the progressive decision. This is very cool for those who want to monetize creative projects, such as painting, handmade goods. When I imagine that I could receive a crypto, I’m already catching on with ideas, how I could sell my goods. But buying pizza with btc would be a dream

So far I have tried platform taklimakan that allows you to create trading places for your creative projects and monetize content. This is very convenient, because immediately received tokens can be used to pay for goods. And when it’s possible to buy food with crypto, you understand that it is possible not so long to wait for cryptocurrency to become a traditional means of payment.

I realized that this extension takes the cryptocurrency from the user and then exchanges for a dollar and the purchase is paid. But how does usual café or supermarket itself relate to this? This is a good idea to support users who own digital assets, but it is still new, so many ppl gonna use it.

At that moment, that is just like simple experiment only and nobody has expected that the price of Bitcoin right now will be at 4 digits. May 22 is a historical day for the crypto believers. I'd set the date in my calendar and will eat a pizza on that day in memory for the first commercial transaction using Bitcoin.

Agreed, if it wasn't for Laszlo's experiment, and other early uses of bitcoin as currency we may not be here today.  It would be nice if people can see bitcoin for all it's practical aspects; ie: as a safe and secure store of wealth, and as a digital cash for everyday purchases.

As a sidenote, how about celebrating the day when Altoid posted the Silkroad advertisement on Bitcointalk? I think Silkroad is more important milestone that got Bitcoin really up and running than the 10000 bitcoin pizza.

Maybe no one wants to remember that because Silkroad connotes negative feedback on bitcoin. Silkroad transactions are mostly underground. The 10K bitcoin pizza is at least a small legal transaction which is now seems hilariously expensive.

Why fancy the use of bitcoins in buying common commodity such as pizza and coffee which any few cents can do it. Invest your Bitcoins and hard earned cryptocurrencies in solid financial instruments that will yield a good return in the future. #BITBONDSTO is a sure way to invest your Bitcoins for a good quarterly payment than pizza.

If You cannot stand of people having means for free and anonymous trade among themselves, You should reconsider being involved in crypto. Pizza day showed that Bitcoin is not worse than PayPal for purchasing pizza. Silkroad showed that Bitcoin is superior to anything else for purchasing any goods imaginable. This is why Bitcoin was created in first place, to be uncensorable and uncontrollable by the system, and You must believe in total liberty or no liberty, there is no middle ground. Computers operate on binary system, it is either 0 or 1 and nothing in between.

This surely would go down on history and for sure Hanyecz is being famous now because of it,
But we couldn't really blame him since he was one of the first bitcoin enthusiast.
I think back then we would really be excited to try and pay anything with Bitcoin since it was just new .

No, Bitcoin is not "superior" to purchase "any goods imaginable". The most efficient way to pay for most goods is simply by fiat, in electronic form like credit/debit cards, or its physical form in the form of cash.

You should not usually want to waste your Bitcoins for coffee transactions.

I agree that buying coffee is best done by using cash. But You cannot use cash to buy few grams of ganja or new Glock for your collection from the comforts of your own bedroom protected by security of internet and tor. Using cash for this purposes is hard and less secure that using bitcoin. In that matter bitcoin is more universal than cash because You still could pay for coffee using bitcoin and huge tx fees.

Whenever I eat a pizza I always think about this. Right now the fees are too high and unstable. Eth would be a better bet for buying pizza and smaller things but I bought something the other day and kept running out of gas so I ended up paying $1 for a $30 transaction. It cannot be avoided yet. I don't fully understand how it all works or why exactly the rise in price excites everyone to make transactions all over the place or why that effects the fees so much.

Everytime BTC hits a great value in my country, and is on trends, TVs and websites ALWAYS remeber that story about the most expensive pizza ever  ;D

Celebrating pizza day hoping next is altcoins can use to buy pizza as you said using bitcoin is too much expensive specially this recent price increase of bitcoin.

CBS thinks so? It was established many years before CBS thought so, why do you think they chose that date. So did anyone actually watch that documentary? I only saw the excerpt shared by a few people on Twitter. The journalist kind of sounds like a typical American brash guy to be honest. I don't really know why he's so popular. But okay fair is fair he gave some exposure to Bitcoin. Guess Fomo is coming yeah?

most expensive pizza.I am sure he will not forget the pizza in his whole life,even his family members and next generations will never forgive him  ;D ;D ;D

indeed that was absolutely the memorable day. But that was not only how he spend 10000 Bitcoin on two pizza, but also because who was the first individual to buy pizza with Bitcoin. He was the one to show the world that you can buy real stuff with virtual currencies. And through this day many multimillion-dollar companies have started accepting Bitcoin as a payment method. If it was not really you got and spend a lot of money and pizza maybe we have not been to this far.

this story has been heard everywhere, this story is very iconic between Bitcoin and pizza. someone is willing to buy pizza by using millions of Bitcoin. if in this moment he still own those bitcoin I can imagine he is becoming a pizza entrepreneur or billionaire.
that day was very historic for bitcoin development, because at that time bitcoin was nothing. after that people believed that bitcoin had a selling price and could be used wide, it was no longer satoshi nakamoto imagination.

I wonder how this pizza company right now is doing. They are always mentioned in the cryptocurrency world when talking  about how bitcoin started back then. This pizza company must be well known now, and they must continue what they’ve started then, selling pizzas for bitcoin.

"There ain't no such thing as a free lunch"

- https://en.wikipedia.org/wiki/There_ain't_no_such_thing_as_a_free_lunch (https://en.wikipedia.org/wiki/There_ain't_no_such_thing_as_a_free_lunch)

...

- https://web.archive.org/web/20100114172032/http://www.bitcoin.org:80/node/1 (https://web.archive.org/web/20100114172032/http://www.bitcoin.org:80/node/1)

..."When the first user publicly announces that he will make a pizza for anyone who gives him enough Bitcoins, then he can use Bitcoins as payment to some extent - as much as people want pizza and trust his announcement."...

..."A pizza-eating hairdresser who trusts him as a friend might then announce that she starts accepting Bitcoins as payment for fancy haircuts, and the value of the Bitcoin would be higher"...

...

Social Engineering ... !?!
- https://en.wikipedia.org/wiki/Social_engineering_(security) (https://en.wikipedia.org/wiki/Social_engineering_(security))

...

The Broken - Episode 1 *NSFW*
- https://youtu.be/oYYnF1ZeOo8?t=530

"but be careful, some software.. costs money.." - Ramzi

...

Peace Laszlo (my old thread buddy) - I feel ya!

"On May 22, 2010, Hanyecz traded 10,000 Bitcoin for some pizza in what is widely believed to be the first real-world transaction involving Bitcoin. Each year, on May 22, Bitcoin enthusiasts all over the world celebrate "Bitcoin Pizza Day" to mark the event. Bitcoin then was worth less than a penny."

https://www.cbsnews.com/news/meet-the-man-who-spent-millions-worth-of-bitcoin-on-pizza-60-minutes-2019-05-16/

I completely forgot about this guy who made one of the most unsuccessful investments in his life. In fact, he could live on this money all his life and leave to children, grandchildren, and so on. But pizza is good too :D

This is/was an Opportunity Cost (in economics), a 'sacrifice' ...

- https://en.wikipedia.org/wiki/Opportunity_cost

Anyone who sold (or 'exchanged') bitcoin's at a comparatively low or very low value knows this Opportunity Cost well, myself included.

Perhaps we will see other Opportunity Costs in the future. Also see ... (above wiki page) and ...

- https://en.wikipedia.org/wiki/Paradox_of_value

~ Do you still want to buy pizza's with your bitcoin's on Bitcoin Pizza Day?  ;)

I will make my own pizza to keep my btc ;p

+ sMerit !

If we all listened to actual 'Satoshi' - see: 'original' bitcoin.org circa Satoshi, via web archive, here in my previous thread post:

- https://bitcointalk.org/index.php?topic=5144100.msg51136388#msg51136388 (https://bitcointalk.org/index.php?topic=5144100.msg51136388#msg51136388)

... then perhaps one might make two pizza's and sell the later for BTC, or even exchange a slice or two for a fancy haircut (or for other goods and services). Hell, make a third pizza and give it away (as a generous sentiment of said Opportunity Cost).

~ Who was it that said: "Bitcoin is the devils way of teaching 'geeks' real economics". *Shrugs*

See also:

- https://en.wikipedia.org/wiki/Parable_of_the_broken_window (https://en.wikipedia.org/wiki/Parable_of_the_broken_window)
- https://en.wikipedia.org/wiki/Cobra_effect (https://en.wikipedia.org/wiki/Cobra_effect) etc.,

 :D

EDIT:

~ Does pizza dough taste better when purchased with FIAT currency ?  ::)

^^^
When compared to buying it with bitcoin I think it would taste like sour dough!  ;)
Those thousands of bitcoins he spend on those two pies must of been the best tasting pizza he ever had. ;D

Respect to Laszlo Hanyecz as he made the first purchase with bitcoin and then the market exploded and started having valuation, not sure how much purchases he did as he appreciated many people for sending the Pizza. Glad to see that there is a documentary regarding that and it is quite interesting to see how things changed so quickly.

According to Anderson Cooper he would have $800 million if he had not spent any of the bitcoin on pizza.  The conversion rate they used during filming was BTC1 = $8,000, so that's a total of BTC100,000 that Laszlo has spent.  I hope he held on to a few, and enjoyed the pumps that might never have happened if he hadn't placed the pizza order.

There are two things which makes the 22 May, the bitcoin pizza day a memorable one. First it is recognized as the first payment in bitcoin for sale of things, pizza in this case. Secondly that person spend too much bitcoin on a single pizza , he must to regretting to spend such big amount as he would have never ever  thought bitcoin can reach 19K. (All time high of bitcoin)

You are derailing the Lightning FAQ using misinformation and useless techno-babble again. I will reply here, franky1.


But you think people should use Bitcoin Cash for their transactions. Double face palm. Hahaha.

But really, why would you encourage people to use something as scarce, as secure, as censorship-resistant, and something that would cost you, because of loss of HODLING opportunity, for your everyday transactions if fiat was more efficient to use? 8)

I think you replied in the wrong thread.

Everyone is talking about the value of those bitcoins now and that's the most irelevant thing you can talk about. That person paid the price of a pizza in that moment and there I no way he could knew what is going to happen with his bitcoin in the future(now). Same as the price went up it could have gone down and his bitcoin would worth nothing now so he would have regretted his decision of not buying pizza.

Before the introduction of SEPA payments I sometimes ended paying 17$ in commission for 10$ transaction between two different banks within my own country.

On bitcoin pizza day, there's was some cryptocurrency service as upbit and many more who celebrate it with a giveaway, in upbit one you can get a pizza voucher that I believe who you can redeem later.

It's interesting enough because it becomes a celebration, marketing/gimmick.

No, I'm bringing the discussion back here, where he quoted my original reply. Check it. The discussion was going to derail the Lightning FAQ topic.

yes is a date and a historical event, the first payment with bitcoin for a good (pizza), i would consider that from there a new era began, that of the virtual coins and perhaps in some way also the begining of the decline of the banks...

Did you know? Bitcoin pizza guy (https://coinpedia.org/interesting-crypto-stories/bitcoin-pizza-day/) Laszlo Hanyecz is so sweet that he even posted a thank you note to student Jeremy Studivant (jercos).

“I Just Want To Report That I Successfully Traded 10,000 Bitcoins For Pizza. Thanks Jercos.”

sorry guys windfury needs a reply and wants it in this topic for some derailing reason
so i apologise for windfury's constant social drama stuff to derail topics

windfury.
i am not a bitcoin cash guy.(get out of your echo chamber and start using independant thought, you might understand that)
 so dont derail topic just to social drama.. GO research bitcoin

i am 100% btc. the issue is YOU cannot separate btc from core. literally and figuratively
so when i say i hate CORE. your mind knowing core own btc. thinks i mean i hate btc

i want BTC to be a digital payment system and asset currency. as described in the white paper and as designed in code for the many initial years
it seems you want LN to be the currency(msats as pegged token) and btc to be the fortknox reserve
but LN wont work out so you just want BTC to be a reserve and fiat to be the currency

dont reply to me in this topic unless it involves pizza

Such a funny story, which really was the beginning of something new. Now for the money you could buy a huge number of pizzas. I think that this guy now regrets that he spent so many bitcoins.

This is really a special day to always remember, how the existence of bitcoin came to be this was really a huge sum in today's future, bitcoin is definitely the king and all investors of bitcoin won't forget this day.

Hello Fellow Pizza and Bitcoin Lovers!

Today is 22nd May 2020 and the current value of the 10k BTC is $91 Million and change!    Was it ever discovered who made the deal here?  Looking a the old thread, the user "BitcoinFX" would look like the guy who accepted the 10k BTC. 

As i say its 2020, still not many places to spend $BTC, Bitcoin going through its longest Bear Market ever after reaching near $20k USD per BTC back in December 2017.


One thing is for sure, i hope you all join me in enjoying some very tasty Pizza today! 

Am I the only one who thinks there are too many "bitcoin pizza day" topics?