1 week until bitcoin pizza day

[Yourhomeboy]

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas. Organized on bitcointalk forum, the Florida man reached out for help. "I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day," Hanyecz wrote.

"I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!

So it all started in this forum lol, they are lots of history to be found here. Any old member that experienced this transaction can give us more details though.

Source: https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

[slackovic]

Yeah, that post kind of started a history. You could have added link to the topic so that new members can easily find it: https://bitcointalk.org/index.php?topic=137.0
Also, 10.000 BTC for two pizzas was quite expensive because it was worth around $41 at that time (according to the fourth post in the topic).

For me personally it's great to read this kind of posts. That's why I think this forum should always remain the same. If a new version comes out, this old version has to be available for people to read this kind of posts where history was made.

[Chlotide]

One more week to go! Will definitely eat a pizza for Laszlo's sake. The guy is surely in the BTC history book!

For me personally it's great to read this kind of posts. That's why I think this forum should always remain the same. If a new version comes out, this old version has to be available for people to read this kind of posts where history was made.

There are tons of awesome threads, that's for sure!
What ever forum software they will use the database will remain the same. Everything will be migrated and nothing would be lost. Would just be a UI/UX difference

[stompix]

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.
More, in 2009 there was the first transaction with an exchange of value, no donation or test, Sirius selling 5050 BTC for 5$.

So, it wasn't really a "first" 

[Asuspawer09]

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas. Organized on bitcointalk forum, the Florida man reached out for help. "I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day," Hanyecz wrote.

"I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!

So it all started in this forum lol, they are lots of history to be found here. Any old member that experienced this transaction can give us more details though.

Source: https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

Oh wow didn't know that this guy is in this forum  shame on me  This guy is a legend!

Great to see this history Happy Bitcoin Pizza day!! Cannot imagine how much the guy is going to profit if continue to hold this bitcoin until today

[cryptoaddictchie]

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.

Everytime I heard Hal Finney name mentioned here it really made me realize how amazing those first and pioneered people who adopt bitcoin was. Its just like overwhelming that your name was on history as true bitcoiners. Ops but of course no one will ever forget the one that ever spend BTC for a product "Laszlo Hanyecz" and its only 1 week left before we celebrate the pizza day. Today a lot of people believe adoption will grow for BTC peer to peer usage but this event was really prove it that it is.

_{For everyone wants to read or dont have idea of bitcoin history its always overwhelming to read it.}

Bitcoin History

[Maus0728]

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.
More, in 2009 there was the first transaction with an exchange of value, no donation or test, Sirius selling 5050 BTC for 5$.

So, it wasn't really a "first"  

Yep! Actually there are 3 different first transaction in bitcoin history.

[1] Peer to peer transaction which is the 10 BTC sent from satoshi to Hal Finney.
[2] Crypto to Fiat transaction when Sirius sold an amount of BTC 5,050 for $ 5. LOL, if anyone who's a time traveller or can foresee a future  
[3] Real world transaction is when Laszlo buys 2 pizza for BTC 10k. It was Papa John's pizza

The idea is here: https://www.quora.com/What-was-the-first-Bitcoin-transaction

[BlackHatCoiner]

This guy was literally a hero. He made a big contribution to the bitcoin community. This was a push to start convincing people exchanging things with BTC

[slackovic]

The first BTC transaction happened on January 12th when Hal Finney received 10 BTC from Satoshi.

Everytime I heard Hal Finney name mentioned here it really made me realize how amazing those first and pioneered people who adopt bitcoin was. Its just like overwhelming that your name was on history as true bitcoiners. Ops but of course no one will ever forget the one that ever spend BTC for a product "Laszlo Hanyecz" and its only 1 week left before we celebrate the pizza day. Today a lot of people believe adoption will grow for BTC peer to peer usage but this event was really prove it that it is.

_{For everyone wants to read or dont have idea of bitcoin history its always overwhelming to read it.}

Bitcoin History

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

[stompix]

~

Yep! Actually there are 3 different first transaction in bitcoin history.

[1] Peer to peer transaction which is the 10 BTC sent from satoshi to Hal Finney.
[2] Crypto to Fiat transaction when Sirius sold an amount of BTC 5,050 for $ 5. LOL, if anyone who's a time traveller or can foresee a future  
[3] Real world transaction is when Laszlo buys 2 pizza for BTC 10k. It was Papa John's pizza

The idea is here: https://www.quora.com/What-was-the-first-Bitcoin-transaction

Probably that guy got the info from here:
https://en.bitcoin.it/wiki/Bitcoin_Firsts#
just how I did  

One "first" I never managed to find and is not listed anywhere is the first buy of a product with the merchant receiving bitcoins. no intermediaries, no credit card or PayPal conversion in between. Maybe Alpaca socks?

[mk4]

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

Though Lightning is not quite there yet, there have been great wallets lately. Check out the Phoenix[1] wallet.

As for on-chain, I'm really not sure, but it makes sense for me to accept sort of "coffee transactions" that are worth $2-$4 without waiting for a confirmation, probably with just a minimum of 1 sat/byte fee just to make sure that the transaction actually goes through after a while. Because as far as I know, no one in the right mind would actually risk going to jail by attempting a doublespend just to save $2-$4.

[1] https://phoenix.acinq.co/

[Pffrt]

May 22 2020 marks the Ten-year Anniversary of the first bitcoin transaction.

No, it was the first transaction with btc for purchasing something.

[2] Crypto to Fiat transaction when Sirius sold an amount of BTC 5,050 for $ 5. LOL, if anyone who's a time traveller or can foresee a future  

Hell, I never knew about that transaction. I used to think that Laszlo made the first transaction for exchange of anything else with btc. I think most people still don't know about this tx at all.

[slackovic]

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

Though Lightning is not quite there yet, there have been great wallets lately. Check out the Phoenix[1] wallet.

As for on-chain, I'm really not sure, but it makes sense for me to accept sort of "coffee transactions" that are worth $2-$4 without waiting for a confirmation, probably with just a minimum of 1 sat/byte fee just to make sure that the transaction actually goes through after a while. Because as far as I know, no one in the right mind would actually risk going to jail by attempting a doublespend just to save $2-$4.

[1] https://phoenix.acinq.co/

As for the Lightning network... Did you read this article saying that there is more Bitcoin on the Ethereum network (WBTC - wrapped BTC) than there is on the Lightning network? I think that Lightning network is far far far from being adopted.

[20kevin20]

One more week to go! Will definitely eat a pizza for Laszlo's sake.

I suggest putting that money into some cold wallet and forgetting about it for a long time. Who knows what the future holds for us! I think I might actually start this experiment just for the sake of it

Oh man, I remember reading about this stuff back in 2015 when only half a decade passed. Time flies so f'in fast.

[RapTarX]

Am I the only one who read almost all the replies from the pizza thread? It was a great fun to read the thread.

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

Why not Lightning Network for micro transaction? Although there's not enough places to spend BTC with LN ATM, I guess someday, we will be able to pay with LN for a cup of coffee everywhere. Give it some time.

[slackovic]

Am I the only one who read almost all the replies from the pizza thread? It was a great fun to read the thread.

I don't really think that Bitcoin in this current state should be used for microtransactions. It's just not convenient to buy a cup of coffee with BTC. One can do that, but it's more convenient to buy it for fiat.
I'm not saying that BTC is useless. I just think that there are better projects out there to be used for microtransactions.

Why not Lightning Network for micro transaction? Although there's not enough places to spend BTC with LN ATM, I guess someday, we will be able to pay with LN for a cup of coffee everywhere. Give it some time.

Why not LN for micro transactions? You just answered it yourself. Even those who accept BTC as payment don't support Lightning network. I guess we'll see what time will bring us. Will the LN become widely adopted or not. For now, I'm not sure it will.

[skarais]

[2] Crypto to Fiat transaction when Sirius sold an amount of BTC 5,050 for $ 5. LOL, if anyone who's a time traveller or can foresee a future  
[3] Real world transaction is when Laszlo buys 2 pizza for BTC 10k. It was Papa John's pizza

Damn, is that no one can predict that the price of bitcoin reaches $20K less than a decade after the transaction took place. Time passes very quickly and throughout its journey, bitcoin has become a very valuable asset to date.
What about the bitcoin journey that is heading into the second decade, can we expect something like that to happen again ?   

[Baofeng]

There's even a plaque on the wall wherein the pizza was purchased by Laszlo at Atlantic Boulevard.

History making for that Papa John's.

[Velkro]

Yeah, that post kind of started a history.

and its nice story to have for Bitcoin
its positive, it gets media attention and helps understand how something with no value gained value that day
amazing story that will be forever stick to Bitcoin

[mk4]

As for the Lightning network... Did you read this article saying that there is more Bitcoin on the Ethereum network (WBTC - wrapped BTC) than there is on the Lightning network? I think that Lightning network is far far far from being adopted.

Sure. It doesn't really mean that much though when talking about retail transactions though, as even the Ethereum blockchain is also susceptible to being congested. Remember the crypto kitties days? Yep. The network pretty much slowed down to a halt. Wrapped BTC are mostly used for staking and such, not really for "coffee transactions" so I don't really think it's right to compare WBTC to Lightning.

I agree that Lightning is not there yet though.