Bitcoin pizza day

Based in Florida at the time, Laszlo Hanyecz was among the first men to utilize bitcoin to pay for goods and services, which is what it was initially designed for. Money Talks News, ford just unveiled its 2021 tech-savvy pickup here's what's new. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Tags: bitcoin, National Bitcoin Pizza Day, Papa John's. May 22 was National Bitcoin Pizza Day, and popular pizza chain Papa Johns has decided to give away 10,000 slices of pizza in honor of the event.

Even then the recipient of the Bitcoins got himself a bargain, paying 25 for the pizzas, while 10,000 Bitcoins were worth around 41 at the time. But businesses cant generally afford to just hold for four years and not pay their rent. The date is celebrated as a tribute. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but bitcoin pizza day what I'm aiming for is getting food delivered in exchange for bitcoins where I don't. Despite the soaring value in recent years, Hanyecz doesn't regret his trade. Bitcoin white paper specifies.

Hanyeczs solid-gold pizzas show us that if CoinDesk paid me in bitcoin, one of us would likely get rekt. National Bitcoin Pizza Day stems back to the year bitcoin pizza day 2010, when Laszlo Hanyeck purchased approximately two pizza pies with 10,000 bitcoins. We always strive to have fun as a brand, and we hope giving a nod to this legendary tale brings joy to our customers. Startup founders do this calculus whenever they raise capital.

10 Years After Laszlo Hanyecz Bought

However, bitcoin is known for its volatility and after reaching all-time highs earlier this year, it has experienced many price drops. Since the inception of Bitcoin, Hanyeczs' pizzas have got more and more expensive. Today, Bitcoin is at just over 8,200, making the pizzas worth.

LendingTree More From Business Insider Disney is moving its original shows to Wednesdays after 'Loki' was its biggest debut yet Images of Biden's meeting with Putin show a cool but cordial dynamic as the president seeks a reset after Trump From. Like us on Facebook bitcoin pizza day to see similar stories Opens in a new window Opens an external site Opens an external site in a new window. The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth over 80 million, for the two pizzas.

Its a small volume, about two or three orders per week over the past two years, Hanyecz told. Exactly 11 years ago today, a software programmer from Florida, Laszlo Hanyecz, became well known in the crypto world after trading 10,000 bitcoins for two Papa John's pizzas.

Hanyecz understands that balance well, having been a contemporary of bitcoins pseudonymous founder, Satoshi Nakamoto (he says they messaged a few times and an early bitcoin miner who tinkered to mine more efficiently and earn more bitcoin. Laszlo Hanyecz, who traded his bitcoins for pizza in 2010. Read the original article on Business Insider Read More Microsoft and partners may be compensated if you purchase something through recommended links in this article. Justin Falciola SVP and chief insights and technology officer of the company says that Papa Johns has a special connection with National Bitcoin Pizza Day as a result, and it is looking to do all it can to keep the celebration.

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