Bitcoin Pizza Day

Bitcoin Pizza Day

Bitcoin is a cryptocurrency that has had to face a hard road since its creation, but Bitcoin pizza day was the transaction that marked the trajectory of this digital asset designed to function as a means of exchange that uses cryptography to be decentralized.

The presumed pseudonym Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Throughout bitcoin’s history, it has rapidly grown to become a major currency.

Satoshi Nakamoto

“Satoshi Nakamoto” is presumed to be a pseudonym for the person or persons who designed the original bitcoin protocol in 2008 and launched the network in 2009. Nakamoto was responsible for creating most of the official bitcoin software and was active in making modifications and publish technical information.

There has been much speculation about the identity of Satoshi Nakamoto and the possibility that Satoshi Nakamoto was a computer collective in the European financial sector. But in reality there is no certainty of his identity.

Bitcoin pizza day

On May 22, 2010, one of the most peculiar transactions in history took place: on that day a programmer named Laszlo Hanyecz paid a fellow forum member 10,000 BTC for two Papa John’s pizzas.

At that time Bitcoin was taking its first steps, the exchange rate that was paid was $30, but at today’s exchange rate it is much more money, considering that a Bitcoin costs approximately 8,000 usd, it means that the pizza cost around $80,000,000.

The intention of Hanyecz, who had contributed to the source code of Bitcoin and participated as a miner, was to promote bitcoin as a payment option for food delivery services and with that objective he made a publication in a bitcoin forum making the following offer:

“I’m willing to pay 10,000 bitcoins for a couple of pizzas. Maybe two large ones to have leftovers for the next day. I like to have leftover pizza to eat later. You can make the pizza yourself and take it home or order it” . for me from a delivery, but what I’m really looking for is food delivered for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast plate’ in a hotel or something, just They bring you something to eat and you’re happy!”

Laszlo Hanyecz

Sure enough, someone who participated in the forum replied to him, discarded and sent his pizzas and in return received a payment of 10,000 BTC.

Annual Celebration

The Bitcoin landscape has changed a lot in the last decade worldwide, there are more than 70,000 merchants that accept the young cryptocurrency and just as a curious fact, coinmap.org points out that more than 100 stores in the United States accept bitcoins to pay. pizzas and there are many chains and pizzerias that offer discounts on this day to those customers who pay with bitcoin.

This is how Bitcoin Pizza Day was born: this hilarious transaction is celebrated annually as one of the first transactions carried out in the world with bitcoin and is therefore the reason for the most peculiar celebrations within the community related to cryptocurrencies.

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