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The Bitcoin pizza purchase behind the revolution

Bitcoin hasn't always been seen as the revolutionary technology it is today. Released to the internet via a cryptographic mailer back in 2009, the cryptocurrency token only started to gain traction as a payment option around 2013. But before the Bitcoin revolution, the token was valued at less than $1 and lesser so by the mainstream. The original way of getting Bitcoin was mining, a complex system requiring a lot of energy and math, leaving it as a currency only obtainable by 'nerds' who knew of it. As the ecosystem showed an increase, users wanted to drive adoption forward through the IoT. Faucet websites gave away up to 10 Bitcoins per 5 minutes to users who checked in. One hour of collection would see you with 120 Bitcoins, worth just shy of a million dollars currently. These were simpler times before miners were meeting demand and equations were strengthened.

The first transaction used as payment can be recorded back to May 22nd, 2010. This purchase will always mark a historic moment in the Bitcoin revolution, an enabler for other currencies to come forward. Let us see who made the first purchase, and on what.

The guy who bought a pizza with Bitcoin

On May 22nd, 2010, a programmer named Laszlo posted an offer in the popular forum BitcoinTalk. Laszlo was offering 10,000 Bitcoins in exchange for two pizzas, homemade or delivered. This is Laszlo's original thread post, quoted below:

"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.  I like having leftover pizza to nibble on later.  You can make the pizza yourself and bring it to my house or order it for me from a delivery place."

Laszlo also went on to state his preferences:

"I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that.  I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.

If you're interested please let me know and we can work out a deal."

A conversation exchange went on off the thread which followed in Laszlo receiving two Papa Johns pizzas from a user named Jercos. The guy who bought a pizza with Bitcoin had this to say further down in the thread, about the Bitcoin pizza purchase:

"I just think it would be interesting if I could say that I paid for a pizza in bitcoins."

And it was the first ever cryptocurrency purchase of a pizza with Bitcoin. 10,000 Bitcoins today would be worth around $70 million. The Bitcoin pizza purchase will always be an important milestone reached for crypto, the service just happens to give us a laugh. A $45 million pizza, of which Laszlo shared a photo of his young daughter devouring. He later said his offer still stands for another at the same price, we doubt he'd still be up for giving away several millions of dollars, but the Bitcoin revolution doesn't stop there.

The Bitcoin revolution

The Bitcoin pizza purchase went on to promote usability and create a publicly known day of appreciation. Every year since May 22nd, 2010, the community has taken to socials to show their support and celebrate how far cryptocurrency has come. May 22nd is filled with topping-arranged Bitcoin pizzas and industry leaders nostalgia. This was the first confirmation of a peer-to-peer purchase made with the asset, leading to the question "what else could BTC be used to buy?"

Just three short years later, we saw an influx of celebrities and companies accepting Bitcoin for their goods and services. The transparency, security, and speed of Blockchain technology started to catch up and the Bitcoin revolution sparked an outbreak of innovation. We are still empowered by the Bitcoin pizza purchase today as we write about it, a community constantly trying to move forward. But you can still get involved, don't wait another 9 years.

Buy Bitcoin with Bitvalex and start contributing to a greater cryptocurrency ecosystem, maybe even buy a Subway or pizza. Buy, sell and store your crypto with Bitvalex, follow this link.


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