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Bitcoin was first used to buy pizza

2 min readArticles

It was the 22nd of May 2010, when Laszlo Hanyecz from Florida made the first official use of Bitcoin for a commercial transaction with an actual company. The transaction? Pizza. Laszlo, an early adopter of the then-nascent cryptocurrency, made history when he exchanged 10,000 of his Bitcoins for two pizzas from a local pizza store.

At the time, Hanyecz’s Bitcoins were worth only $40, and no one was willing to accept Bitcoin as a form of payment yet. So, Hanyecz reached out to the Bitcointalk community and offered 10,000 Bitcoins for two pizzas from Papa John’s.

And, like all stories, this one has a happy ending. Eventually, Hanyecz found someone who was willing to accept his offer, and he got two pizzas for his 10,000 Bitcoins. Little did he know, just a decade later, those same 10,000 Bitcoins he spent would be worth over $100 million!

It was this moment that marked the beginning of the widespread adoption of Bitcoin as a form of payment, one which has since blossomed into the world-renowned cryptocurrency we know today. Prior to this, Bitcoin had only been used as a form of digital storage, with no real use for it in the real world.

In the years following Laszlo’s historic transaction, Bitcoin has become increasingly popular. As the world’s first decentralized digital currency, it has become a preferred form of payment for many, allowing users to make transactions without the need for a third-party intermediary. It has also become a preferred form of investment, with its value increasing exponentially over the years.

What started as a simple pizza purchase on the 22nd of May, 2010, has since sparked a revolution in the way we use money. Laszlo’s purchase was the beginning of a new era, one which has changed the way the world views and uses money.

The impact that Bitcoin has had on the world is undeniable, and it all started with the purchase of two pizzas. It’s a moment that will be remembered forever in the annals of cryptocurrency history.

So, the next time you’re eating pizza, take a moment to remember the man who started it all: Laszlo Hanyecz.


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