On May 22, 2010, when bitcoin was a little over a year old, he bought two pizzas for 10,000 BTC. The day is now known as Bitcoin Pizza Day. With one bitcoin now worth $9,500, this is. The Bitcoin Pizza Index is derived from the first documented purchase using Bitcoins. On May 18th 2010 Laszlo Hanyecz made known he was willing to buy 2 pizzas ... Today cryptocurrency enthusiasts around the world are celebrating the notorious “Bitcoin Pizza Day” where two Papa John’s pizzas were purchased for 10,000 BTC. Bitcoin Pizza Day: Reliving the Memories and Forging New Ones Wednesday, May 22 is Bitcoin Pizza Day. That’s because on May 22, 2010, two pizza pies were bought by a person named Laszlo Hanyecz through a bitcoin forum. While the pies themselves were mundane, the transaction was revolutionary—they were bought with 10,000 bitcoins, worth roughly $41 at the time. Since then it has become blockchain’s pretty much only holiday. Hanyecz on the occasion of the tenth anniversary of Bitcoin Pizza Day. We learned that $80 million dollars is nothing — he actually spent a lot more on pizza than had been previously reported. Hanyecz estimates that he mined around 100,000 BTC total, and about half of it went to pizza. If we use the historical maximum price of $20,000, then 50,000 BTC comes out to $1 billion: “I had mined ... It’s like if Joe’s Pizza came out with the top 10 pizza slices in New York and everyone that uses that list happens to be those least informed to make the decision on where to go. Even though Binance/CMC can be completely well-intentioned, it’s impossible for ratings not to be influenced by the underlying bias of the creators. If there are objective weightings to a system that would hurt ... It's like if Joe's Pizza came out with the top 10 pizza slices in New York and everyone that uses that list happens to be those least informed to make the decision on where to go. Even though Binance/CMC can be completely well-intentioned, it's impossible for ratings not to be influenced by the underlying bias of the creators. If there are objective weightings to a system that would hurt ... He has even recounted on one event being a little bit quick on bitcoin for the acquisition of two slices of pizza and persuading the vendor to promote him a single slice for six,000 bitcoin. “I wasn’t stingy with it. And I didn’t mind overpaying, or whatever,” he stated. Hanyecz seems to have remained unphased with zero regrets to go down as that ”Bitcoin pizza man” who spent $1 ... News DeFi Bitcoin Ethereum Maker Aave Polkadot Link Binance YFI Synthetix Ampleforth Uniswap 10 years ago, 2 pizzas were bought for 10,000 BTC. Now their price is $90 million. Laszlo Hanyecz posted on bitcoin talk on May 17th, 2010 asking if someone could buy him a pizza using bitcoins. In the thread he states he would pay 10,000 bitcoins for two large pizzas. On May 22nd, 2010 another bitcoin user Jeremy Sturdivant closed the deal with Laszlo over IRC to complete a pizza delivery of twoRead More Laszlo Hanyecz mined around 100,000 BTC in total, and about half of it went to pizza. In 2017 50,000 BTC came out to $1 billion.
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