“I’ll pay 10,000 bitcoins for a couple of pizzas.. Like maybe 2 large ones so i have some left over for the next day..”
At the time, 10,000 BTC was equivalent to approximately 41 USD, meaning each bitcoin was worth about 0.0041 USD. Hanyecz’s offer was taken up by another Bitcointalk user, who paid 25 USD for the two pizzas.
Thanks to this fabled transaction, May 22 is now known as Bitcoin Pizza Day. It's considered a historic moment in the history of bitcoin, marking the first-ever documented time a cryptocurrency was used as a medium of exchange for a real-world purchase.
Today, the 10,000 bitcoins used to purchase those two pizzas would be worth millions of dollars, making it a remarkable example of the early days of bitcoin. The term "bitcoin pizza" has even become synonymous with using a cryptocurrency for a seemingly mundane purchase.
A digital currency that is secured by cryptography to work as a medium of exchange within a peer-to-peer (P...
A marketplace for cryptocurrencies where users can buy and sell coins.
A cryptocurrency created by the pseudonymous developer(s) Satoshi Nakamoto. The first cryptocurrency, initi...