8 years ago, a programmer paid 10,000 bitcoins for 2 Papa John’s pizzas — now it’s the most celebrated day in crypto

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  • In 2010, a programmer traded 10,000 bitcoins for two Papa John’s pizzas.
  • Today, those coins would be worth more than $80 million.
  • In honour of that purchase, the crypto world celebrates Bitcoin Pizza Day on May 22.

Happy Bitcoin Pizza Day!

On May 22, crypto enthusiasts around the world celebrate the anniversary of one of the earliest bitcoin purchases: two Papa John’s pizzas for 10,000 bitcoins.

Laszlo Hanyecz, a programmer, purchased the two pizzas in 2010 from another person in Jacksonville, Florida, according to The New York Times. In an interview with the newspaper in 2013, Hanyecz didn’t sound too broken up about the deal.

“It wasn’t like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,” Hanyecz said.

Still, those coins would be worth $82 million at bitcoin’s Tuesday price of $8,200 a coin, according to Markets Insider data. There’s a Twitter account that provides a daily update on how much the pizzas would have cost based on the latest price of bitcoin.

source::::{businessinsider}

Author: Temitayo Olojede | Career Advisor | Job mandate | temity@jobmandate.com

 

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