⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐
The Washington Independent
The Washington Independent

How is Bitcoin Pizza Day a Day of Celebration?

How is Bitcoin Pizza Day a Day of Celebration?

If you check the social media post by Laszlo, the software programmer, on 18th May 2010, he added Bitcoin for Pizzas. He is the man who used his 10K of BTCs to procure two pizzas worth 41 USD in the US.

Iram Martins
Jun 19, 2022

Table of Contents

If you check the social media post by Laszlo, the software programmer, on 18th May 2010, he added Bitcoin for Pizzas. He is the man who used his 10K of BTCs to procure two pizzas worth 41 USD in the US. He got his pizza for the said number of Bitcoins. It was a free pizza for which he paid using Bitcoins with less than 0.004 USD as the price. With the passing day, as the price for the coin went up, we saw the importance of burning those coins by the LA-based software programmer to get the pizzas. However, he never felt he was wasting his currency, which could have made him a millionaire today. His post in May 2010 went viral when many commented on how he managed two large pizzas with the said coins. On 22nd May, he then commented on his post, stating that he received the pizzas by sharing the same pictures. You can start bitcoin trading by visiting the BitPrime Gold website.

How did he procure two pizzas?

It is fair to say that this man loved pizza, and it would remain an understatement to claim this. Once he could carry out the successful exchange, he posted 10K BTC with the enormous pizzas staging that he got an open offer for the same. Later in August, many people known to him ordered pizzas for him as he informed in his tweet that he could not mine so many pizzas to keep calling for him. Hence this made many users get access. Hanyecz was flooded with pizzas by his friends and even those who followed him on social media. The thread kept increasing, and many people commented until a user known as r-buck was able to post one message asking if the pizzas would become a multimillion pizza one day and thus make history. However, no one believed this user as everyone felt that the coin price would always remain too trivial to make these pizza multimillion-dollar pizzas.

After a few months, when this post was becoming viral on one of the social media forums, Bitcoin has witnessed a massive surge in recent times. As of now, if we check the cost of 10K BTCs in today's financial market, the price could be a whopping 291 M USD, which is massive at the moment. However, this was not the point, as Hanyecz was only interested in carrying out the transaction to procure pizza. He found some offer; he mined the coins and tried procuring them on 18th May 2010. It took so many days for him to get the pizza on the weekend. It made his day, and he announced that he could gain two pizzas for free that were worth 41K USD.

Why the celebration?

The celebration is for many reasons, but primarily for the first transaction for procuring any food product in the market like pizzas. Today, many people call that guy a complete buffoon and ask why he wasted that much on earth buying two pizzas. However, if you think this way and find things going beyond your control, you will miss the importance of this monumental event in the market. He confessed in his interview that people call him naive and an idiot for losing so much money. But then he says that using those coins made him realise that they had value and could bring him two pizzas.

Bitcoin Pizza Day may appear a fantasy to many, but with the availability of the document in the market to many more similar things like the forum post, the photos of those multimillion pizzas on the web are a clear indication that this monumental event has occurred. Even Hollywood would fail to write such a script. They would know how such a big deal was missed by an ordinary man who did something extraordinary in this world. So, with all these reasons, we see Bitcoin worldwide celebrate this big day only to commemorate the moment on this day.

Wrapping up

The day came around 12 years ago, but it took time to get the celebration with a holiday in the US and other places that love the coin. We will see the celebration growing and extending with the passing day. It seems to be a ray of hope for many, and it will continue to win significantly in crypto circles.

Iram Martins | Personal trainer. Aspiring sommelier. Brunch critic who works part-time. When I'm not competing, you'll find me at dog beaches with my black lab or sipping drinks at the best bars in town. I like to fly a lot.


3 Steps to Building a Successful Company Culture

Do you dream of starting your own business? Are you ready to start building but unsure of what path to take? As you brainstorm possible business models, you'll find plenty of opportunities that could bring in substantial revenues and profits if you do things right.

5 Things to Do When Setting Up Your Company

When starting a company, there are many essential things to consider. For example, you need to ensure that you have all of your legal ducks in a row, set up the right accounting and bookkeeping systems, and create a marketing strategy to help you reach your target audience. This blog post will discuss five of the most important things you need to do when setting up your company.

5 Interesting Facts about Pizza Day

In the Bitcoin community, 22nd May is regarded as the big day. On this date in 2010, the first official transaction of BTC was seen to procure two pizzas. So, this day marks the celebration of Bitcoin's first transaction in the real world.

Buy Now Pay Later Schemes Like Affirm, Klarna, and Afterpay That Can Help You Save Money

Before buy now pay later programs gained popularity and became common around the globe, credit cards used to be the tool of interest for people who didn’t have enough money to pay for a purchase right away and wanted to pay later.

How is Bitcoin Day linked with Bitcoin Mining?

On Pizza Day, we see too many memes, but jokes apart, is it essential to understand the importance of Bitcoin Pizza Day? So, when you see the Bitcoin lovers buying Pizza on the 22nd of May every year, what are they celebrating in the real sense? We all know the story of the young software programmer L Hanyecz buying two pizzas worth 41 USD for 10K of Bitcoins in 2010.

How Reliable is Electronic Car Insurance?

Of course, we’re not talking about electric cars, but a vehicle’s auto coverage being entirely electronic –or digital. Several car insurance providers are employing the digital model.

Oxford Gold Group – Is It the Best Gold IRA Account?

The company best known as Oxford Gold group is a firm that offers precious metals investments with more than two years of experience and run by veterans in the industry.

Robotic Process Automation, A Revolutionary Invention Eliminating Repetitive And Time-Consuming Tasks In The Business Sector

Businesses all over the world are seeking technology solutions to meet the rising demand and development of artificial intelligence. Technologies that allow them to automate their business processes.

Starting a Construction Company: Four Tips

The US construction industry was worth $1.9 trillion in 2021 - it’s a rapidly growing industry. Looking for a way in? Click here for construction company startup tips.

Streamline The Benefits Enrollment Process With Benefits Administration Software

In the digital age, more and more businesses are moving toward using software to aid their human resources departments and gain a competitive edge. This software is commonly called benefits administration software. Benefits administration software helps HR departments manage, organize and streamline their employee benefits packages.

© Copyright 2022 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com

⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐