Who got the 10.000 bitcoins for the 2 pizzas?

[BlackHatCoiner]

https://bitcointalk.org/index.php?topic=137.0

Here laszlo, the hero without a cape, bought 2 pizzas with 10.000BTC

Do we know who got the money? Did he ever revealed the TX ID?

Is this guy?

[Sebas.tian]

^°^ it was strange but was the first of it kind to exchange bitcoin to pizzas, we congratulate him for this awesome milestone. This act made many bitcoin enthusiasts into this community. It inspired millions to see the powers in Bitcoin, it brought the light of which we are enjoying today. Thanks, for you made the first ever moved to carried out bitcoin exchange.

[Charles-Tim]

The name of the person that sold pizza for bitcoin was Jeremy Sturdivant (jercos),  Laszlo Hanyecz even thanked him on this forum for the successful trade of bitcoin for pizza





https://en.bitcoin.it/wiki/Jercos
Jeremy Sturdivant (jercos) was the counter-party to Laszlo Hanyecz in the first documented purchase of a tangible good or service using bitcoin. On May 22, 2010 Laszlo Hanyecz famously declared success in his four day quest to trade 10,000 BTC for “a couple of pizzas”, posting on a bitcointalk forum page:

“I just want to report that I successfully traded 10,000 bitcoins for pizza. Thanks jercos!”

According to jercos the transaction was finalized over IRC chats. Jercos was 18 at the time of the transaction. At one time in late 2013 10,000 bitcoins was worth over USD$12million.

[joniboini]

And if you Google just a bit, there are more details that might be interesting for you -> https://en.bitcoin.it/wiki/Jercos, https://bitcoinwhoswho.com/index/jercosinterview

[HeRetiK]

Bitcoin as a currency is meant to be spent. Those 10,000 BTC made it back into the economy fairly quickly, around the time they were worth some $400. A ~10x ROI from simply trading in a different currency is quite good, even if that factor could have been higher had I held on to said currency longer. Naturally there will always be people hoarding coins, trying to get rich, and quite a few people did get quite rich, but they wouldn't have got that way without economic growth allowing it.

Hats off to both laszlo and jercos, that's a spirit we don't see often these days anymore. I wish greed wouldn't have become such a big part of crypto.

[minairia3]

I am curious if Jercos have hold his bitcoin or sold also for particular product or services. Has anyone have some details about it just wanted to know.

https://en.bitcoin.it/wiki/Jercos

There is no mentioned deeper events occured aside from mentioning he did received it. Im thinking if he was able to sell it for 12million USD during that time. He made fortune if he did not move any of that for few years. But this event become one of the best in history of bitcoin and will always be talk of the town.

[BlackHatCoiner]

I am curious if Jercos have hold his bitcoin or sold also for particular product or services. Has anyone have some details about it just wanted to know.

https://en.bitcoin.it/wiki/Jercos

There is no mentioned deeper events occured aside from mentioning he did received it. Im thinking if he was able to sell it for 12million USD during that time. He made fortune if he did not move any of that for few years. But this event become one of the best in history of bitcoin and will always be talk of the town.

He sold them in 2013 for 12M$

[seoincorporation]

...
Did he ever revealed the TX ID?
...

Yes, the transaction was this one:

https://www.blockchain.com/btc/tx/a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d

And one interesting fact about the pizza transaction was the 0.99BTC fees as you can see on the link.

[Vatimins]

Bitcoin as a currency is meant to be spent. Those 10,000 BTC made it back into the economy fairly quickly, around the time they were worth some $400. A ~10x ROI from simply trading in a different currency is quite good, even if that factor could have been higher had I held on to said currency longer. Naturally there will always be people hoarding coins, trying to get rich, and quite a few people did get quite rich, but they wouldn't have got that way without economic growth allowing it.

Hats off to both laszlo and jercos, that's a spirit we don't see often these days anymore. I wish greed wouldn't have become such a big part of crypto.

     I get your point man. Thing is that's just the way things are, not that I am agreeing to hoarding but, in the shoes of people who barely have the capabilities to collect even a few bitcoins back then or a single Bitcoin today together with those who spent money that are essential for their survival, this is they only way for them to make money off of this. Besides, even children are encouraged to save money and most of the time, these children hoard money by putting them all in a piggy bank or something.

     Things are just not as easy for others compared to some lucky few both here in this industry and outside of it. And yah, at some point, these people who hoard, will always have a time that will come for them that would force them to sell or use the coins they saved at some point because everyone has needs.

[rhomelmabini]

And if you Google just a bit, there are more details that might be interesting for you -> https://en.bitcoin.it/wiki/Jercos, https://bitcoinwhoswho.com/index/jercosinterview

The very nice concept he added on that interview "Bitcoin as a currency is meant to be spent.", fairly simple but that's the way it is. Though he hasn't hodl most of it (I guess) he really made a history that revolutionizes how bitcoin was used for. Hats off for both of them.

[Reid]

And if you Google just a bit, there are more details that might be interesting for you -> https://en.bitcoin.it/wiki/Jercos, https://bitcoinwhoswho.com/index/jercosinterview

The very nice concept he added on that interview "Bitcoin as a currency is meant to be spent.", fairly simple but that's the way it is. Though he hasn't hodl most of it (I guess) he really made a history that revolutionizes how bitcoin was used for. Hats off for both of them.

I do agree with what he said.
The only problem is the number of merchants.
It seems, they still have doubts and those doubts must be erased so they can start into using bitcoin as a payment option.

There are a lot who gambles bitcoin if we look at the gambling section.
Why not for the purpose of buying merchandise also?
I cannot buy pizza every day. It will make me fat. 

[Yatsan]

And if you Google just a bit, there are more details that might be interesting for you -> https://en.bitcoin.it/wiki/Jercos, https://bitcoinwhoswho.com/index/jercosinterview

The very nice concept he added on that interview "Bitcoin as a currency is meant to be spent.", fairly simple but that's the way it is. Though he hasn't hodl most of it (I guess) he really made a history that revolutionizes how bitcoin was used for. Hats off for both of them.

And in addition that transaction have a great contribution to the bitcoin economy itself, imagine if those coin has been hold by the same person and got dumped in a one big sale and also, if that transaction never happen maybe, the bitcoin will supply and demand will not function really well just like what we are seeing today. Those two men are legends and belongs to the great history of bitcoin 

[BrewMaster]

I do agree with what he said.
The only problem is the number of merchants.
It seems, they still have doubts and those doubts must be erased so they can start into using bitcoin as a payment option.

There are a lot who gambles bitcoin if we look at the gambling section.
Why not for the purpose of buying merchandise also?
I cannot buy pizza every day. It will make me fat. 

the problem is the users not the merchants. if the merchants have doubts it is because users are not yet willing to spend their bitcoins. and mostly they spend while price is rising and go into HODL mode when it is dropping or is stable like these days.

as for gamblers i believe that they are a small percentage of the total bitcoin world since in the long run everyone loses and gives up. they are most visible when seed in a gambling board but are lost among everyone else.

[layoutph]

It was a decade, a guy from this Bitcointalk forum bought 2 boxes of pizza for 10k BTC and to validate this story heres the BTC address of that guy and the txt id of 10k worth of BTC transaction.

https://www.blockchain.com/btc/tx/a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d

Kudos! Lesson here is nobody knows what will happened in the future stop blaming our selves!

[lumeire]

...
Did he ever revealed the TX ID?
...

Yes, the transaction was this one:

https://www.blockchain.com/btc/tx/a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d

And one interesting fact about the pizza transaction was the 0.99BTC fees as you can see on the link.

This amount wasn't really a big deal back then, the Price of bitcoins was in pennies and this was one of the first real world transactions with bitcoins that we know about and is also documented pretty well.
If the Jercos would have hold these coins for a little longer then these would have made him $100 million and he could have lived a lavish life without doing anything for ever for his entire life, this is a dream come true for every person on this Earth.

[Dreherns]

I saw a video of laszlo several years ago, he seemed to have a beautiful house and a pleasant life, I don't think he regretted that loss.
All the deals you make may think they are good at the time, but they may be bad in the future.
I was sold for 10,000 dollars, but after several years he found out that it was funny and the actual amount was about a million dollars.

[DoubleEdgeEX]

If you think about that from a business angel. Lazlo was the owner of a pizzeria, that´s nice and all but chances of him becoming wealthy were low. This way he not only contributed to a legend but also paved the way for future developments of the Bitcoin movement. Just shows, that sometimes you just need to be at the right place, at the right time doing the right thing

[bitbollo]

at that time it was the right value: 10k btc = 2 pizzas (we are talking about the first btc-stuff transaction).
we can't know how many btc was holding laszlo. we can speculate at this point that he has covered this payment buying after some time other bitcoins since this was equivalent to a tiny amount of money.
I mean we are talking about 2 pizzas, he don't pay some very expensive with bitcoin...

There is bitcoin pizza day for that event. It's funny think that a simple transaction is now celebrated like an important day for the whole community

[Sendoku]

^°^ it was strange but was the first of it kind to exchange bitcoin to pizzas, we congratulate him for this awesome milestone. This act made many bitcoin enthusiasts into this community. It inspired millions to see the powers in Bitcoin, it brought the light of which we are enjoying today. Thanks, for you made the first ever moved to carried out bitcoin exchange.

This is the best way to encourage someone who feels like he seriously fcked up. Regret can get toxic sometimes