Bitcoin Pizza Day

In honour of the day that 2 Papa John’s pizzas were bought for 10 000 BTC – Bitcoin Pizza Day is now celebrated every year on 22th May. This year marked the 13th anniversary of the inception of Bitcoin Pizza day, when a programmer from Florida called Laszlo Hanyecz, bought 2 pizzas from Papa John’s.

In 2010 Laszlo Hanyecz put out a post on the Bitcointalk.org forum that he planned to use Bitcoin to buy pizza, (preferably two large pies). He said “I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that”. He was willing to pay 10,000 Bitcoin to anyone who could place an order, collect the cryptocurrency, and bring it to him. He came close to losing hope after placing the comment on the 18 May and not receiving any offers. But then, on the 22 May, Jeremy Strudivant, a 19 year old read the post and agreed to buy the two pizzas for Laszlo. He placed an order for two large supreme pizzas which came to the value of $41.

Hanyecz himself has no regrets over his impulse purchase.

“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. People know about the pizza…everybody can kind of relate to that and be [like] ‘Oh my God, you spent all of that money!’ I wanted to do the pizza thing because to me it was free pizza,” Hanyecz later 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.’”

After the first transaction, Hanyecz continued mining and would go on to do it many more times and spend a total of 100,000 Bitcoin on pizza – currently valued at $2.63 billion (USD).
Jeremy Strudivant also went on to spend all the Bitcoin which he collected from Laszlo, as it never occurred to him that the may one day reach the value of $263 million (USD).