Today is the international Bitcoin Pizza Day! This is a day that many in the crypto community celebrate the 11th anniversary of the first Bitcoin commercial transaction for two pizzas, which cost 10,000 BTC.
The transaction on May 22, 2010 was carried out by Laszlo Hanyecz who traded 10,000 BTC for two Papa John’s pizzas in Florida. Now, they would become the world’s most expensive pizza slices with a price of $365,000,000.00.
How it all began
Prior to when anybody would ever spend Bitcoin on anything, Laszlo Hanyecz unconsciously decided to make history and on May 18, 2010. The Bitcoin Core contributor asked fellow enthusiasts if someone would “make [two large] pizzas and bring it to his house or order it from a delivery place.” He offered 10,000 BTC for the service and, though it took four days, he got his wish.
One prescient user cautioned that 10,000 BTC was “quite a bit” around $41 at the time.
To Hanyecz, who told Bitcoin Magazine that he spent something near 100,000 BTC on pizza that year, the purchase was just another drop in the bucket.
“We would just give people bitcoin on the forum,” he said sometimes 100, sometimes 1,000 BTC at a time.
“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 hubby bought me dinner.”
11 years ago today, a very hungry programmer, Laszlo Hanyecz, paid 10,000 bitcoin for two Papa John's pies, marking the very first bitcoin pizza transaction, ever. Considering today’s bitcoin value, that trade is worth roughly $613 million. Happy #BitcoinPizzaDay !
— Papa John's Pizza (@PapaJohns) May 22, 2021
Bitcoin and Pizza 11 years after
Papa John’s will commemorate the famous transaction by offering 10,000 slices of pizza to the first 50 customers at any of its franchises in Jacksonville. Customers will have a chance to win a large BTC-inspired pizza.
Papa John’s is not the only one celebrating, although. Slice, a platform that connects pizzerias in the U.S., and Rare Pizzas, an NFT project on PizzaDAO, are giving away 2,500 pizzas, dishing out over 1 BTC’s worth of pies made by local pizzerias across the country.
Aside from this, several Pizza franchises have made Bitcoin an official means of making payment. Most recently, Pizza Hut, now allows Venezuelans to pay in BTC and other cryptocurrencies.
Papa John also announced a new offer for customers in the United Kingdom recently on how they can receive $14 in BTC for free when they buy pizza.
Beyond big Pizza franchise, firms and cooperation that have started adopting Bitcoin, Sam & Greg’s Pizzeria/Gelateria a small family-owned pizzeria is also open to BTC payment and has invested in cryptocoins.