Today cryptocurrency enthusiasts celebrate the day when Laszlo Hanyecz also known as “The Bitcoin Pizza Guy” spent 10,000 BTC on two Papa John’s pizzas.
Computer Programmer With an Eye on Bitcoin
Laszlo is a computer programmer from Florida. Back in 2010, he participated in various crypto forums helping enthusiasts to fix bugs and other technical support. Around that time, he also got familiar with Bitcoin. He says that he was the one who ported Bitcoin to MacOS. As he states now, he didn’t think that Bitcoin would get so popular. He just used the technology behind Bitcoin to actually buy something.
“I’ve always kind of just wanted people to use Bitcoin and buying the pizza was one way to do that.”
The Original Post
At the time of writing, the original post on Bitcointalk.org by Laszlo has been read almost 800,000 times. Not to mention the pile of merits it has received. While reading the post, you get a sense of a little sarcasm in his words, but ultimately the message is clear. The post reads:
“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. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!
I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.
If you’re interested please let me know and we can work out a deal.
Today this is a 73 page long thread, and the last person who commented on it did it in 2016. People have already posted their surprise that after such a long time, this thread is still active. Laszlo created the post on May 18th, and for a couple of days the activity wasn’t very high. On May 21st, he even commented “So nobody wants to buy me pizza? Is the bitcoin amount I’m offering too low?”
This seemed that nobody wanted to exchange their Bitcoins for Pizzas. But surprisingly, on May 22nd, he posted the “Thank you” comment thanking
The first reply was from a senior member with a nickname “sirius”, saying:
“Congratulations laszlo, a great milestone reached”
So he and another 18-year old student Jeremy Sturdivant (nickname jercos), exchanged 10,000 Bitcoin ($25) for two Papa John’s pizzas. Back then the price of 1 BTC was around 0,0025 cents. It is not clear whether he was aware of the fact that he made the very first successful Bitcoin transaction.
However, he did what Bitcoin was intended to do. He used it as a means of payment, like digital cash, like it was called originally in the white paper “Bitcoin: A peer to peer electronic cash system”.
After the successful transaction, he posted that this is an open offer, and anyone who wants to exchange their Pizzas for 10,000 BTC (more or less) are welcome to do so.
However, judging from the further comments you can understand that Laszlo most likely was mining Bitcoins. In short, he canceled the offer because he “can’t generate thousands of coins a day anymore”. Also, referring to Bitcoin as he has plenty of them. After that, the thread sort of cooled off. Ironically enough, a few replies later, a person with
“Will this eventually become the world’s first million-dollar pizza?”
Little did he know, that this actually became the world’s first billion-dollar pizza.
All in all, Laszlo has done multiple interviews since the historic transaction, and in all of them, he says that he has no regrets that he spent that much Bitcoin.
“I don’t regret it. I think that it’s great that I got to be part of the early history of Bitcoin in that way, and people know about the pizza and it’s an interesting story because everybody can kind of relate to that and be – “Oh my God, you spent all of that money!”
When speaking about Bitcoin, Laszlo speaks firmly, he says that he does not acknowledge the majority of altcoins saying that they are a copycat version of Bitcoin.
“…they changed the logo, or they changed something. I’m not that interested in those, I am interested in Bitcoin.”
Additionally, Laszlo is a pioneer in the sense of real-worldBitcoin transactions. He also has two kids who he tries to educate about Bitcoin. Good job, Laszlo! We celebrate this day with Pizza bought with Bitcoin and we thank you as you are showing the mind-state of a man who knows what he’s trying to accomplish. Regrets don’t change history, but a firm mind-state does. So… moving on!
Photo by Flickr.com