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Cryptocurrency News Articles

Bitcoin Pizza Day: The first use of the cryptocurrency to buy a real-world object happened 15 years ago this week. The deal has not aged well.

May 23, 2025 at 03:00 am

In the pub on Thursday, you might have seen a group of people eating pizza and saying things like “cold wallet” and “stablecoin”.

Bitcoin Pizza Day: The first use of the cryptocurrency to buy a real-world object happened 15 years ago this week. The deal has not aged well.

The first use of bitcoin to buy a real-world object took place 15 years ago this week. The deal has not aged well.

In the pub on Thursday, you might have seen a group of people eating pizza and saying things like "cold wallet" and "stablecoin".

Chances are, they were celebrating the 15th anniversary of Bitcoin Pizza Day: the first recorded use of the cryptocurrency to buy a real-world object, when a Florida-based programmer named Laszlo Hanyecz paid 10,000 bitcoins (BTC) for two Papa John's pizzas to be delivered to his house.

For perspective, 10,000 BTC is now worth about $380 million. The pizzas, meanwhile, would have set him back around $50 at the time.

At the time, Hanyecz was a regular poster on the Bitcoin forum, where he was known as "Jedipedia". In a post from May 2010, he offered one BTC for a prepaid MoneyGram or Western Union money transfer to anywhere in the world.

A few days later, on May 12, he made a new post in which he offered to pay 25 BTC for someone to buy a $50 Amazon gift card and mail it to him.

"I think I'm going to get a bitcoin t-shirt from the msxmle coin and t-shirt company, but they don't accept paypal and the only bank transfer option is SEPA which is for euro's, not dollars," he wrote. "So if anyone is interested in making the exchange, let me know."

The post has since been viewed more than 2 million times and drew replies from other members of the forum.

One user, "deben," suggested that Hanyecz should try bitcoin-funded crowdfunding to get the t-shirt.

"Maybe you could start a project to fund the t-shirt and people could donate small amounts of bitcoins to help you reach the goal."

But another user, "Melle," had a better idea.

"Hello, I can buy you the t-shirt with paypal and you can send me the bitcoins. I'm interested in making the exchange."

The pair exchanged messages for a few days before Melle agreed to buy the t-shirt and the t-shirt company agreed to accept a PayPal transfer.

The t-shirt company then contacted Melle to say that they could not ship the t-shirt because they did not have any in stock in the size and colour he requested.

The company offered to make the t-shirt and ship it within two weeks if he paid an additional $40.

Melle replied that he would prefer to wait until they had the t-shirt in stock.

The t-shirt company replied that they would have the t-shirt in stock in four to six weeks.

Finally, on May 28, Melle received the t-shirt and posted a message on the forum to say that he had completed the trade.

"Finally got the t-shirt today and can confirm the trade completed successfully!" he wrote.

The t-shirt company had also contacted him to say that they were making a bitcoin t-shirt to sell in their online store.

The t-shirt company's email address was part of the message, and it was clear that the company was not familiar with bitcoin or the Bitcoin community.

The company's lack of familiarity with bitcoin was evident in the email subject line: "RE: MSX T-SHIRT = BITCOIN."

The email was written in broken English and included several grammatical errors.

The company's willingness to accept a bitcoin-funded project was remarkable, given the small size of the crypto community at the time.

The project was also noteworthy for its focus on cooperation and mutual respect among community members.

The project was ultimately successful, and the t-shirt company began selling bitcoin t-shirts in its online store.

The project was a testament to the creativity and ingenuity of the early bitcoin community, and it helped to lay the groundwork for the future of the cryptocurrency.output: What’s with all the crypto bros eating pizza?

The first use of bitcoin to buy a real-world object took place 15 years ago this week. The deal has not aged well.

In the pub on Thursday, you might have seen a group of people eating pizza and saying things like "cold wallet" and "stablecoin".

Chances are, they were celebrating the 15th anniversary of Bitcoin Pizza Day: the first recorded use of the cryptocurrency to buy a real-world object, when a Florida-based programmer named Laszlo Hanyecz paid 10,000 bitcoins (BTC) for two Papa John's pizzas to be delivered to his house.

For perspective, 10,000 BTC is now worth about $38

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Other articles published on May 23, 2025