Bitcoin Forum

12 Years ago on this date (22 May 2010) ...   Laszlo Hanyecz bought 2 pizzas via this forum for 10 000 bitcoins ==> https://bitcointalk.org/index.php?topic=137.0 and it was worth almost $41 back then. Those same bitcoins are now worth almost $300 000 000.  :o

He continued doing that for almost 3 months and then he declared that he cannot mine enough coins to sustain this. This made him a legend in the Bitcoin community, because he showed people that Bitcoin had worth and you can use it as a "Currency" / "Commodity" to trade or to pay for goods and services.

So, we Thank you Laszlo Hanyecz for your sacrifice and your gesture that changed the way people looked at Bitcoin in the future. Bitcoin might never have achieved it's success, if it was not for you.  ;)

Happy Bitcoin Pizza Day to all of you, my Bitcoin friends.

Some people thinks that what he did is stupidity and most of us think that it is something to regret knowing that you bought  2 pizza for something that worth millions of dollar right now.
But for him and for us, it is something of a legend in such a way that he did somehow change or even be a marked something to bitcoin showing to the whole crypto community that bitcoin is a currency that can be traded of or be used to buy something.
Anyways, Happy Bitcoin Pizza Day to everyone!

Oh boy, I didn't know this day was celebrated. Happy bitcoin pizza day everybody  :D Not sure if Laszlo wants to remember that day in particular. It feels a bit like meme to me and if I were in his shoes I would hey drunk every year on this day. 300m USD for 2 pizzas is rough. Lazlo is the reason why I never would buy food with crypto currencies. You can consume food only one time and there is no value left after that. If you at least buy a physical asset you have something left. And even if bitcoins rally after your purchase you have something tangible that doesn't make it seem so bad. It's kinda sad he hasn't been online for so long.

Ok, but what happens if nobody buys anything with bitcoins? The end result will be that you will be trading bitcoins and nobody will be able to spend it. People has to spend their bitcoins for retailers and merchants to accept it as a payment option.... and that is where Laszlo opened people's eyes to the real purpose/goal of Bitcoin.

The more merchants and retailers accepting Bitcoin as a payment option, the higher the demand for the coins and the higher the demand... the higher the price.  ;)

Also the demand for bitcoins is getting higher as a simple gambling tool casinos are already accepting bitcoins and other cryptos, people are constantly turning to bitcoins which is increasing and obviously this will be a celebration for any casino that does it with some contests.

https://bitcointalk.org/index.php?topic=5399720.0
https://bitcointalk.org/index.php?topic=5398864.0

1. He sacrificed the Bitcoins he had just to make sure he could show people that It was possible to purchase physical items using Bitcoin.
2. Even when people were not responding to his offer, he did not give up and kept bumping the thread. This shows that he knew exactly what he was doing.

He even over paid for the two pizza at that time. He clearly wasn't stupid about the whole idea.

Wow, that's quite surprising for someone who has been around for about 6 years  :D

It was celebrated over 12 years before and people don’t believe the bitcoin at that time. So the bitcoin was used for the pizza. But my wishes on this was, I would like to see that pizza owner. If I found him, I was dam sure he will billionaire or millionaire for sure. But Incase he had send the bitcoin for the immediate dollars, So that he will not had any bitcoin for now and we had a loss.

Bitcoin's first transaction was huge at this point in time. $300 million for pizza, well that's a huge sacrifice to make bitcoin an alternative payment at its current value. however, it is a sacrifice that needs to be made. anyways, i really appreciate mr Laszlo for doing this, and maybe good luck to the guy selling the pizza if he still has most of the bitcoins he receives. after all, this is one of the history in crypto world that I feel to be the first step of bitcoin transaction on real physical thing. He is a legend

Satoshi innovated the technology and bitcoin evolved out of it. Laszlo Hanyecz gave value to it, so these two are most important persons for the network to be this stronger. I don't know whether someone would've done this, if Laszlo Hanyecz hasn't bought the pizza with 10000BTC. Later we heard about people losing wallets with huge volume of Bitcoin and similar news. For all those news were made out of him. If he hasn't initiated the spending possibility, we could've never recognised the technology as well as bitcoin.

This one, maybe in the beginning he really don't know what will happen to bitcoin, but without him buying Pizza that time, bitcoin might not be acknowledged at what it is today. So his name will be synonymous with Pizza and bitcoin.

He had previously interviewed and he said that there are no regrets from him spending that too much bitcoin back in the day, he just want to proved Satoshi's invention can be useful and revolutionized idea.

I am also expressing my gratitude here to Laszlo Hanyecz for starting the ball rolling for Bitcoin. It is just right that he is given the honor for doing something which started it all. To commemorate his famous Bitcoin pizza purchase every year is the least that the Bitcoin community could give to the man and his action. He will forever be remembered and honored. His purchase will forever be etched on the history of Bitcoin.

But one thing I don't think he did was sacrifice. He did the buying with complete freedom and fun. He wasn't sacrificing anything. It is only in hindsight that people cried over spilled milk.

This is what we should be doing in regards to Laszlo, thanking him for his massive contribution to bitcoin and the bitcoin network instead of making fun of him spending hundreds of millions on pizza. What I think most people don’t realize is he actually held multiple trades for bitcoin and pizza, in total he shared that he had spent somewhere around 35,000 bitcoins on pizza deals. The firs ever transaction, pretty cool !

he said he had no regrets over the transaction of 10,000 Bitcoins for 1 pizza pan. In fact he is proud to be an important part of bitcoin history, although he did not know if bitcoin would make it big until now. Bitcoin is destined to be big, to become the digital asset of the future.
Laszlo Hanyecz is a florida based programmer and he is currently actively offering various technical assistance for crypto forums as well as fixing bugs and more.

I am just wondering where is  Laszlo Hanyecz right now and if he also saved enough BTC that right now made him a rich man - that is after spending a lot of Bitcoin to buy the many boxes of pizza he ordered in the past...which of course made him famous in the crypto industry. He is already an unforgettable figure in the Bitcoin circle because every year we have the official Bitcoin Pizza Day...hope that by next year this same kind of feverish interest can be pick by the whole pizza industry so they can come up with promotional activities for the said day.

Well, people are actually tracking the "Pizza Coins" through Blockchain analysis and they determined that someone bought a house with some of those bitcoins that was linked to the Laszlo coins.

They reckon a lot of the transactions that we are doing now, still contains satoshis that were part of the original 10 000 bitcoins that Laszlo used to pay for the two pizzas.  ;D

That's cool, its like keeping Laszlo's legacy.

Would like to track those coins too probably buy some of those coins just for it to be in my wallet to one day buy pizza. It would be cool to buy pizzas with some of those coins again for probably 0.002BTC and then add the blockchain analysis. People in the next generation will probably look up to you spending 0.002BTC for 2 pizza also while by that time 0.002 will be worth a lot.

I don't know why people think it was some kind of sacrifice or that Laszlo made a mistake by paying for 2 pizzas as much as 10 000 BTC? It should be noted that this was a completely different time when anyone could mine BTC with their computer and when very few people believed that Bitcoin could succeed. 50 BTC per block was a very generous reward, and I guess it wasn't extremely difficult to mine 10 000 BTC.

This is without a doubt a historical event, but even if it had not happened then and in such a way, I guess Bitcoin would not have ceased to exist. Someone could also buy a few beers or burgers, and then we would celebrate Beer Day or Hamburger Day today.

 It is because of people like Laszlo that Bitcoin got to where it is today.

 Pizza day is not about pointing a finger at the value of BTC then and now, and cringe or laugh. Bitcoin started at zero on the 3rd of January 2009.

 Pizza day will forever immortalise the significance of the community for the success of the world's most important decentralised movement in human civilisation.

 laszlo is a pioneer. He is a legend.

 Thank you laszlo, happy pizza day !!

 

There you go, some of the Satoshi's are still in circulation. As well as Laszlo's historical and
important transaction back in 2010 he and all the other miners involved in the "early days"
deserve a big slice of recognition, without them Bitcoins future might not have looked so bright

I decided yesterday to do some Art as it was such a rainy day but I got interrupted to go get
Pizza and didnt get it finished!

https://lh3.googleusercontent.com/-7pYSeN29TRY/Yot26vYZ50I/AAAAAAAAA_w/ynEVAaHLf2cqdGbseCQFvbA4QBX-eP57ACNcBGAsYHQ/s1600/1653307112133839-1.png

https://lh3.googleusercontent.com/-NPCSRVMWoNU/Yot27ep1WBI/AAAAAAAAA_0/GcULq9N7-MEh2y0HUukmNY2XUlrVg197QCNcBGAsYHQ/s1600/1653307115297143-0.png

Unfortunately, some of us feel upset about what he has done. Because now it's worth way a lot. But, Laszlo never regrets it. Such a Legend.

Please read the full thread, particularly Lucius' post

As others have posted elsewhere Laszlo didnt sell "everything" he had he mined
more, it was so easy back then. They were different times.

Not all people been upset about the action he made from the past since its truly understandable because no one can predict the future and for sure at that time its easy to get those BTC that's why he made that deal. Also for sure maybe there are other more than that undocumented and for sure they also didn't regret what they do from the past because its part of life where they spend what they think right for them at that time.

I respected Laszlo for making this month a historic moment (https://bitcointalk.org/index.php?topic=137.msg1184#msg1184) for every cryptocurrency enthusiast and even when he spent 10,000 BTC on pizza some members of this forum than have the thought that BTC he spent on pizza will become the world's first million dollar pizza before this day.

Laszlo 10,000BTC for 2 big pizzas then might sound ridiculous to some people now but his decision then makes others have interest in bitcoin and literally boost it's (BTC) value (https://bitcointalk.org/index.php?topic=109.msg5143603#msg5143603) some months later.  

Yes, Laszlo never sell all his Bitcoin holding but the above user never said Laszlo sold all his holding either.

He only stopped buying pizza with Bitcoin when the mining reward are not like before because after he bought some pizza with Bitcoin the crypto market experienced huge traffic, and everything dramatically changed. Besides, theymos also didn't expect the change to happen suddenly.

Still not too late to greet, Happy bitcoin pizza day! :)

Thank you Laszlo!

That is because you're comparing the value today and the past value of bitcoin. Before it was not worth that much but the action he did for starting the value of it as a medium of exchange meant a lot to us. Do not feel upset but be grateful that Laszlo started it all.

Truly a legend and one of the greatest pieces of bitcoin history.

Lots of people had been getting that kind of feeling of being upset knowing on how much he had spent out for a 2 big pizzas but if you were on his shoes and on that time that bitcoin value is almost nothing
then you wont really be boggling up your mind on spending it since you know that it does have some value and no one had predicted that it would really became a real big thing in the future.
Lets just set aside those money earning opportunity or investment issues and stick out on how Laszlo do able to create that kind of awareness that bitcoin could really be used
into those kind of transactions.

Laszlo Hanyecz himself hasn't got upset on his action. Because, he knew well about what has happened. If he haven't taken the way to buy Pizza with bitcoin, even now we couldn't have got the access for the same. What he did years back have now made businesses to consider bitcoin as a payment. Few countries have adopted bitcoin as legal tender. In each and every progress of bitcoin, Laszlo too is a reason.

I don't know why you guys are twisting my words. I never said that Laszlo sold his all Bitcoins. Some people on social media look so upset when they think someone bought two pizzas for 10000 Bitcoins. But, The Legend never regrets it. So, Why do some people feel so upset? That was an incredible milestone for Bitcoin. Now it's Bitcoin Pizza day.

Well, Laszlo actually did come back after a few years and explained his actions. He did not do this to make a big gesture or to make a political statement.. he basically had a small daughter that was crazy about Pizza.... and he wanted to buy the 2 x Pizzas with his bitcoins to see if it can be done, because he wanted to see his daughter rubbing it all over her face.

He never even considered that the price of a Bitcoin will go up to $60 000 per coin.  ::) He thought it was the latest craze and that it will blow over in a few months.

He still says that he does not regret anything that he did and that he got a lot more out of that, than the money it is worth now. (How do you buy the title of being a legend in millions of people's eyes and even a day dedicated to your actions)