Encyclopedia

Bitcoin pizza

Also found in: Dictionary.

Bitcoin pizza

On May 22, 2010 when one Bitcoin was practically worthless, Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins, which were worth about $25. Considered the first online cryptocurrency transaction, it was Hanyecz's idea to find out if Bitcoins had any value at all. After posting the offer in an online forum, a programmer in London accepted the deal and ordered two pizzas from Papa Johns in Jacksonville, Florida to be delivered to Hanyecz.

Bitcoin Pizza Day
Had Hanyecz held on to his Bitcoins, he would have become very rich. In 2021, Bitcoin topped $60,000, and 10,000 coins would have amounted to $37 million per slice of pizza! Nevertheless, Hanyecz became famous, and May 22 is now "Bitcoin Pizza Day"! See Bitcoin and hodling.
Copyright © 1981-2025 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
Mentioned in
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.