The man used 10,000 Bitcoins to buy two pizzas

in LeoFinance2 months ago

One Bitcoin currently costs the equivalent of $ 38,371, however, an American programmer once used 10,000 Bitcoins (over $ 380 million) to buy just 2 pizzas.

Laszlo Hanyecz is a programmer living in Florida (USA) and is one of the first to participate in "mining" Bitcoin in the world. Hanyecz was also the first to use Bitcoin to make a transaction and the story of buying pizza with Bitcoin by Hanyecz has become "legendary" in the community of electronic money players.

It all started on May 18, 2010, when Laszlo Hanyecz posted on an online Bitcoin forum announcing that he wanted to use 10,000 Bitcoin (worth about $ 40 at the time) to buy two cakes. large size pizza.

“I will pay 10,000 Bitcoins for two pizzas. The best would be two large pizzas since I can save some for tomorrow. You can make these cakes yourself, it can be any kind of pizza, with onions, chili, sausage, mushrooms ... but I want to use Bitcoin for payment, "Laszlo Hanyecz wrote on the show. online forum about Bitcoin.

On May 22, 2010, Hanyecz announced that he had received 2 pizza and used 10,000 bitcoins to pay the seller.

If keeping those 10,000 Bitcoins up to now, Hanyecz would have had a huge fortune of up to $ 380 million, as Bitcoin's value has been steadily rising recently, to $ 38,371 / btc.

Laszlo Hanyecz's story of buying pizza with 10,000 Bitcoin became famous as Bitcoin became more and more popular and on May 22, it was nicknamed "Bitcoin Pizza Day" by the crypto gaming community, to celebrate Hanyecz's pizza purchase event.

In an interview with The New York Times in May 2020, 10 years after spending 10,000 Bitcoins to buy two pizzas, Hanyecz admitted that 10,000 Bitcoin is really an asset. giant at the present time, but he never regretted buying 2 pizza for 10,000 Bitcoin 10 years ago.

"Nobody thinks Bitcoin is so valuable at the moment, but I have never regretted exchanging 10,000 Bitcoin for two pizzas, because it is still an attractive deal. at that time ”, Hanyecz shared.

Hanyecz's deal to buy two pizzas for 10,000 Bitcoin is considered the first to have a commodity sale with this virtual currency. On February 25, 2018, Hanyecz once again used Bitcoin to buy 2 cakes, but this time it only cost him 0.00649 Bitcoin, equivalent to 62 USD, as the value of Bitcoin at that time had increased. a lot compared to 2010.

Few people know that Hanyecz is one of the first people in the world to participate in "mining" Bitcoin money and he is the first to start using the graphics processor (GPU) to "mine" virtual money, instead of using the central processing unit (CPU) on the computer. Using the GPU proved to be much more efficient than using the CPU to "mine" virtual money and Hanyecz said that at one point, he was making thousands of Bitcoins per day.

However, Laszlo Hanyecz gave up his career "mining" Bitcoin since 2014, when he realized that this virtual currency was just a form of speculation and did not bring real value to the economy.

Posted Using LeoFinance Beta