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On May 22, 2010, a programmer named Laszlo Hanyecz made history by completing the first documented real-world transaction using Bitcoin. He paid 10,000 BTC for two pizzas from Papa John\“s, which were delivered to his Florida home.
At the time, Bitcoin was a relatively unknown digital currency with little real-world value. Hanyecz\“s transaction demonstrated that Bitcoin could be used as a medium of exchange for tangible goods and services, marking a significant milestone in cryptocurrency adoption.
Today, those 10,000 Bitcoins would be worth hundreds of millions of dollars, making this the most expensive pizza purchase in history. This event is now celebrated annually as Bitcoin Pizza Day within the cryptocurrency community.
The transaction was facilitated through the BitcoinTalk forum, where Hanyecz offered his Bitcoins to anyone who would order him pizza. A British Bitcoin enthusiast named Jeremy Sturdivant took him up on the offer and placed the pizza order in exchange for the 10,000 BTC.
This historic purchase proved that Bitcoin had practical utility beyond just being a digital curiosity, paving the way for its future growth and establishing it as a viable payment method. |
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