BTC: Pizza Madness

The pizza Laszlo received!

Many people are investing in bitcoin, and many have purchased goods and services with bitcoin. Have you ever felt you have overpaid for something you paid for with BTC? This feeling of overpaying has happened to many. Some are more memorable than others; it all comes down to when you made the purchase. Bitcoin is such a volatile market that when it comes to purchasing something, we are all exposed to this.

Today the crypto community celebrates Bitcoin Pizza Day!

Here is the context:

In 2010 a programmer named Laszlo Hanyecz, from Florida USA, literally paid 10,000 BTC for pizza. During this time, he was working on coding a program that would allow miners to mine bitcoin using a computer’s graphics card rather than a regular computer processor; this would bring mining to the next level and much more powerful.

Yes, this man paid 10,000 BTC for just two pizzas. At the time, he was spending about USD 40. Now, not many years later that's approximately USD 92,025,000 and CLP 74,402,212,500.00. Crazy?

“I wanted to do the pizza thing because to me it was free pizza,” Hanyecz explained. “I mean, I coded this thing and mined bitcoin and I felt like I was winning the internet that day. I got pizza for contributing to an open-source project. Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.”

"I was like, ‘Man, I got these GPUs linked together, now I’m going to mine twice as fast. I’m just going to be eating free food; I’ll never have to buy food again.’”

It's incredible to see his actual post on bitcointalk.org, where people saw this message:

Although many early adaptors always had faith in how powerful bitcoin was and eventually skyrocketed, there were many skeptics. Hanyecz posted this on May 18, 2010, and many messages and questions later; it was only on May 22, 2010, when someone (Jercos) went through and bought him Papa John’s pizza.

I'm sure we all hope we would have read this back in the day. Nonetheless, I hope his pizza was amazing!

I am sure there are many more stories like this, today I saw a tweet from Andreas Antonopoulos, and yes, there are are many more outrages stories out there.

So, what are you doing today, pizza, maybe?

By: Carolina Pérez

Twitter: @carolinaninap