5000 Bitcoins for a Pizza - The most famous story in Bitcoin history

[tadakaluri]

The Pizza Purchase

The first retail purchase on May 22, 2010 is probably the most famous story in Bitcoin history. Jacksonville, Florida Bitcoin “miner” Laszlo Hanyecz pays 10,000 Bitcoins that he mined himself for two pizzas. At the time, Bitcoin did technically have an exchange rate of a few cents, but who knew that? The purchase price for the pizza was approximately U$25. Selling 10,000 units of unknown computer code for two real pizzas seemed like a great deal at the time.

“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,” Mr. Hanyecz told the New York Times recently.

The year of 2010 sees many first for Bitcoin, including the first escrow transaction (October 16), the first mobile transaction (December and the first time Bitcoin’s total value exceeded US$1 million on November 6, with each bitcoin trading for approx. US$0.50. Bitcoin is now a real currency.


You Can find this interesting story along with "Top 10 Greatest Moments in Bitcoin History" here: http://cointelegraph.com/news/115146/top-10-greatest-moments-in-bitcoin-history

And the Original Pizza Story Started here: https://bitcointalk.org/index.php?topic=137.0

[Hopalong]

It was a good deal and if more of the bitcoin holders had done the same thing bitcoin would have been widespread today.

[ralle14]

interesting story and also thanks for the link i want to read more stories like this
thats a nice deal for a pizza though

[Straux]

It was a world first(probably) for a trade made in online cryptocurrency.

OP, maybe link the original thread: https://bitcointalk.org/index.php?topic=137.0

[wadili89]

this is an old news many threads related to this have been around recently and also the orignal thread still got reply from people

still very shocking for me anything can happen there were many people who bought bitcoin when it were 600$ now it is 250$ the value can change huge in days

[Eodguy149]

Such a great story, if you have followed Laszlo Hanyecz at all you know that he is passionate about Bitcoin and doesn't regret purchasing the pizza for that many coins. He is actually quite pleased that he is a part of its history 

[tadakaluri]

It was a world first(probably) for a trade made in online cryptocurrency.

OP, maybe link the original thread: https://bitcointalk.org/index.php?topic=137.0

Thank you very much for your suggestion, I have added the link to the post.

[Asyifiah]

How about this
https://blockchain.info/address/19HhmfxGsznL8K7wXjZiFnhqddQucgfZzB

I once read someone asked for help to reset his bitcoin wallet password.
tread tap has been removed moderator for whatever reason I do not know yet.
he dares to pay dearly if anyone can hack his bitcoin wallet.

[dreamer81]

would be epic if someone could find the transaction id of this purchase. Or a link to the direct transaction on the blockchain.

[allthingsluxury]

I remember this well, and was just thinking about this the other day. Inflation adjusted, thats one hell of an expensive pizza.

[aizen10]

The Pizza Purchase

The first retail purchase on May 22, 2010 is probably the most famous story in Bitcoin history. Jacksonville, Florida Bitcoin “miner” Laszlo Hanyecz pays 10,000 Bitcoins that he mined himself for two pizzas. At the time, Bitcoin did technically have an exchange rate of a few cents, but who knew that? The purchase price for the pizza was approximately U$25. Selling 10,000 units of unknown computer code for two real pizzas seemed like a great deal at the time.

“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,” Mr. Hanyecz told the New York Times recently.

The year of 2010 sees many first for Bitcoin, including the first escrow transaction (October 16), the first mobile transaction (December and the first time Bitcoin’s total value exceeded US$1 million on November 6, with each bitcoin trading for approx. US$0.50. Bitcoin is now a real currency.


You Can find this interesting story along with "Top 10 Greatest Moments in Bitcoin History" here: http://cointelegraph.com/news/115146/top-10-greatest-moments-in-bitcoin-history

And the Original Pizza Story Started here: https://bitcointalk.org/index.php?topic=137.0

i never new this story before, so im so amaze that the cost of 10k bitcoin before (2010) is good to buy a pizza. and incredibly if you hold that 10k bitcoin for now, you are a totally millionaire. and im agree that this story is the best story ive ever read in the history of bitcoin. imagine that 10k bitcoin, woooh! i admit that i miss the chance to buy bitcoin before. but who knows, no body knew that this bitcoin will succeed in our era now.

[rube08]

I remember hearing about a story about a guy buying pizza for 10,000 bitcoins.  The person who bought the pizza probably regrets it and kicking himself over the head.  The pizza place that bought the 10,000 bitcoins, well they probably have enough to franchise out and make multiple stores without spending their fiat money.  The best that pizza place can do to ease that guys pain is to call a pizza special by the guy's name who gave them 10,000 bitcoins.

[wolfracer]

As I have said above, if it were not for them, those people who made the first bitcoin transactions, these ecosystem as we know it nowaday would not exist.

[bitcoinmaniac52]

The thing is, without this transaction, Bitcoin may never have become what it is today. This pizza could go down as being worth over a billion dollars. hahaha

[megynacuna]

The thing is, without this transaction, Bitcoin may never have become what it is today. This pizza could go down as being worth over a billion dollars. hahaha

It's certainly part of the learning curve for all of us and this example will also go down well to teach us about how to keep precious stuffs like bitcoin in the future. That story is even part of the reason why people are so keen on collecting altcoins that are cheap and mineable with a computer vat this time because it might soar later and so it has gone to increase the crave for cryptocurrencies in general.

[1NV3ST0NM3]

The Pizza Purchase

The first retail purchase on May 22, 2010 is probably the most famous story in Bitcoin history. Jacksonville, Florida Bitcoin “miner” Laszlo Hanyecz pays 10,000 Bitcoins that he mined himself for two pizzas. At the time, Bitcoin did technically have an exchange rate of a few cents, but who knew that? The purchase price for the pizza was approximately U$25. Selling 10,000 units of unknown computer code for two real pizzas seemed like a great deal at the time.

“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,” Mr. Hanyecz told the New York Times recently.

The year of 2010 sees many first for Bitcoin, including the first escrow transaction (October 16), the first mobile transaction (December and the first time Bitcoin’s total value exceeded US$1 million on November 6, with each bitcoin trading for approx. US$0.50. Bitcoin is now a real currency.


You Can find this interesting story along with "Top 10 Greatest Moments in Bitcoin History" here: http://cointelegraph.com/news/115146/top-10-greatest-moments-in-bitcoin-history

And the Original Pizza Story Started here: https://bitcointalk.org/index.php?topic=137.0

Read the story for the very first time. What did the pizza company do with those bitcoins? Did they just sold them off or still holding them?

[pat4cryptoreal]

Using such large quantity of bitcoin to purchase pizza then can be liken to some of the token we are exchanging  today at a very low rate. when any of them appreciate, when anyone say I sold this token for $0.02 it will sound as if it was a lost treasure.

[shursight]

Hahaha yes i remember this and all the conspiracies that were around this story, and everytime i open the bitcoin discussion board i see this kind of threads refreshing my memory about that story.
It was crazy, it is like just exchanging 100 riples for a coca cola, and thinking about that then could be more than $100 in just a few years, or months, or who knows how much time?
There is a guy who sent 100 bitcoins for a transaction fee, that was a great story too.

[JMAHH]

Hahaha yes i remember this and all the conspiracies that were around this story, and everytime i open the bitcoin discussion board i see this kind of threads refreshing my memory about that story.
It was crazy, it is like just exchanging 100 riples for a coca cola, and thinking about that then could be more than $100 in just a few years, or months, or who knows how much time?
There is a guy who sent 100 bitcoins for a transaction fee, that was a great story too.

I remember that story too, it was crazy, a few weeks ago another guy posted the same quoting that story, but it was much more discussed on reddit. The guy only sent about 50 bitcoins for the fees of the transaction, not 100. But it was not a "mistake", there isn't any person who would send that amount of money for fees purposes only because a mistake, he diserved it because he didn't take care of that bitcoins as much as he says that he did.

[patt0]

Yes I have already heard that story. Two pizzas bought by a dev, that will now remain in history as the most "expensive" pizzas ever bought.
Of course this also says a lot about the current use of bitcoin as a currency, or as a way to buy things. It's really hard to do it, because of it's volatility, I don't thin the dev regrets buying those pizzas, but for other people that don't have to much bitcoin, spending them, and then seeing their price increase, must be hard.