Happy Bitcoin Pizza Day 2020! But what do you celebrate on this day?

Today, May 22nd, Bitcoin Pizza Day is celebrated. In the crypto community, this now legendary day developed into a kind of Bitcoin (BTC) holiday. But what exactly do you celebrate on this day, and how did it come about?

Bitcoin Pizza Day: 10.000 Bitcoins (BTC) for two pizzas

With the Bitcoin Pizza Day, the crypto community found their own very special holiday. It all started with a post in the famous Bitcoin forum Bitcointalk on May 18th, 2010, when Laszlo Hanyecz, a man from Florida, was hungry. The food of his choice: pizza. But he didn't want to pay them with dollars, but with Bitcoins (BTC). However, 10 years ago, compared to today, this was not an easy task.

That's why he turned to the then small community:

I pay 10.000 bitcoins for a couple of pizzas ... maybe two big ones, then I have leftovers for the next day. I like having pizza scraps that I can snack on later. You can make the pizza yourself and bring it to me or order it for me via a delivery service (...)

4 days later someone who was willing to accept the offer came forward. The user "BitcoinFX" ordered two pizzas from Papa Johns for Hanyecz with a credit card. In return, Hanyecz transferred him 10.000 Bitcoins (BTC) to his Bitcoin wallet. What sounds crazy today was nothing special back then. The price of the world's largest cryptocurrency today was less than a cent at the time the pizza was ordered.

This story led to the day we are celebrating today: Bitcoin Pizza Day. Converted these bicoins are worth almost $ 100.000.000 million today. However, one can assume that Hanyecz, as an early adopter of the cryptocurrency, has more than the stated amount.

You can find the original post in the Bitcointalk forum here.


Credit: Crypto Buddy