Bitcoin and Pizza story, two Pizzas for 10,000 BTC

The first Bitcoin transaction in history

In 2010 the first real Bitcoin transaction was made. You might have heard about it, the story of the guy who bought two Pizzas, which would be valued “a lot” today. Today we will tell that story, along with the fact that it was the first transaction for real goods made with Bitcoin was a historic mark for the currency’s future. Back in May of 2010, the first transaction was made. Florida-based Laszlo Hanyecz, a programmer at the time, sent 10,000 BTC in exchange for two pizzas. At that time, they were valued at $25, which valued a Bitcoin to only $0.0025. If you valued those Bitcoins today, they would be worth an estimate of $235,000,000. Today it sounds crazy, but it mainly shows that an asset is not worth more than a person is willing to accept for it.

What do Hanyecz do 10 years later?

You might wonder, does he regret buying those pizzas? He says that he has no regrets and is happy that he did it. “It was a fascinating system, but nobody’s using it,” he said. “If nobody’s using it, it doesn’t matter if I have it all.”. Back in that time, it was still an experiment and he was the first to use it in this way. It was the start of a new era of payments that he is part of today. Working for the apparel brand GORUCK that is accepting Bitcoin they are accumulating coins. “We’ve just been holding it and we’re actually up a significant amount,” he said.