Bitcoin Pizza Day is here again, reminding us of the first commercial use of the prized digital currency

Bitcoin BTC/USD Pizza Day is here again, reminding us of the first commercial use of the prized digital currency. The event, celebrated each year on May 22

The year was 2010, and software developer Laszlo Hanyecz had a craving for pizza. Little did he know that his casual request on a Bitcoin forum would become the stuff of cryptocurrency legend.

What Happened: Hanyecz, based in Florida, was looking to trade 10,000 Bitcoins (BTC) for two large Papa John’s pizzas.

According to the conversation on the forum, 1 Bitcoin was trading at $0.0041 at the time. This would put the total purchase amount for the pizzas at $41.

The post, titled "crazy idea..." was engaging and had several members of the community participating.

"I'll trade 10,000 Bitcoins for two large Papa John’s pizzas, extra cheese, no peppers."

A community member replied, "I'm in. I'll trade you some pizzas for Bitcoins."

Another member chimed in, "I'm not sure if they deliver in your area, but I would trade some Bitcoins for a pizza."

One member responded to Hanyecz's request with, "I'm in! Email me!"

Aссоrdіng to the conversatіon on the forum, the post was written on May 22 at 4:05 PM and the first reply came at 4:34 PM. The pizza trade was confirmed at 9:30 PM.

Later that evening, Hanyecz said he "successfully traded" 10,000 Bitcoins for two pizzas.

"I'm still waiting for them to arrive. The seller prepaid shipping and included tracking. We'll see if they get here."

A community member replied, "Wow, 10,000 Bitcoins! That's a lot of pizza."

"The seller is in France and the pizzas are in Budapest, Hungary. They will be shipped express to me in Florida."

"If they get lost in transit I'll interview the seller on camera and post it here."

The conversation on the forum and the reports circulating online conclude that the pizza was fully paid for by the seller and no part of the cryptocurrency was used for the purchase.

The Same Coins Today:

At press time, 1 Bitcoin is trading at $110,982.80.

This means that Hanyecz's stash of 10,000 Bitcoins is worth over $1.10 billion today.

Those two pizzas from Papa John’s, in essence, are the most expensive pizzas ever sold.

What If Hanyecz Used Fiat Currency?

If Hanyecz had used fiat currency to pay for the pizzas, he could have purchased a private island. Not just one, but several.

Recently, Big Darby Island in the Bahamas was sold for $40 million.

He could also buy a penthouse in Manhattan, New York. Manhattan penthouses are exceptionally expensive. Prices range from around $2 million to over $48 million, with some reaching upwards of $135 million.

Perhaps Hanyecz could choose to fund a space tourism trip for dozens of people (including me). SpaceX reportedly charged around $55 million per seat for flights to the International Space Station, according to a New York Times report.

If Hanyecz is an art aficionado, he might have used some of his fortune to outbid at some of the world’s most prestigious art auctions.

The most expensive artwork ever sold at auction was Leonardo da Vinci’s “Salvator Mundi,” which fetched $450 million at Christie’s in New York in 2017.

Well, demands are boundless and luxuries plentiful. So, even a billion dollars might not be enough.

But one thing is certain—the legend of those two pizzas will keep reminding the cryptocurrency community about the importance of small beginnings.

Did you order your pies?

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