Pizza Day
What Does Pizza Day Mean in Crypto?
Bitcoin Pizza Day is an annual event that honors the first time Bitcoin was used in a real-world transaction. What was the transaction for? 10,000 Bitcoin for two large pizzas.
This historic transaction is often celebrated on May 22 of every year. It marks the same day in 2010 when the exchange happened – when a man bought two large pizzas from Papa John’s for 10,000 BTC. At the time of this purchase, Bitcoin’s value was relatively low. It serves as a reminder of the cryptocurrency’s humble beginnings and growth potential.
Crypto communities often celebrate this day by using Bitcoin to purchase two pizzas to share. It is also commemorated through various crypto events and activities, and sometimes entails discounts for customers paying in Bitcoin.
The History Behind the 10,000 BTC Offer
On May 18, 2010, a crypto enthusiast called Laszlo Hanyecz, often referred to as the “Bitcoin Pizza Guy,” posted on the BitcoinTalk forum seeking to make a deal for a couple of pizzas. He offered to pay 10,000 BTC to any forum member willing to order or prepare two large pizzas and deliver them to his house.
He wrote: “I’ll pay 10,000 bitcoins for a couple of pizzas … like maybe 2 large ones so I have some left over for the next day.”
According to the lore, Laszlo’s offer was accepted by another forum user, Jeremy Sturdivant, a few days later on May 22. The person then ordered two large pizzas from Papa John’s on his behalf, completing the 10,000 BTC transaction. While Laszlo’s Bitcoin was worth around $41 at the time, the two pizzas cost Jeremy only $25.
This transaction demonstrated Bitcoin’s potential as a means of exchange for tangible goods and services. As such, it advocated for the adoption of Bitcoin and other digital currencies for transactions.
