12 years ago Laszlo Hanyecz, the guy who also invented GPU mining and freely shared his invention with the Bitcoin community, bought 2 pizza pies and paid 10,000 bitcoin. This was the first commercial transaction on Bitcoin network ever recorded.
12 years ago Laszlo Hanyecz, the guy who also invented GPU mining and freely shared his invention with the Bitcoin community, bought 2 pizza pies and paid 10,000 bitcoin. This was the first commercial transaction on Bitcoin network ever recorded. from Bitcoin
View Reddit by CoinCorner_Sam – View Source
A lot of people bought 2 pizzas that day, and paid the equivalent of 10,000 bitcoins.
If he invented gpu mining I’m going to assume he has some money.
It’s also people like this who have made it what it is today
Next 12 will be interesting
Exactly what he said ” someone had to start it”
Not an idiot, but a trailblazer. Using Bitcoin as it’s intended; an actual currency for every day transactions.
Legend. This is the true spirit of Bitcoin, peer to peer commerce.
Fuck all “investors” including me, the only time i felt the sweet free soul of the blockchain was buying drugs off dw
Pizza guy invented gpu mining?! TIL
amazingly over the course of 2010, Mr Hanyecz, who is now 39, estimates he spent 100,000 Bitcoin, or a current equivalent of $3.7bn, on pizzas alone. And as of Tuesday those 10,000 Bitcoins that he paid Mr Sturdivant would have been worth a stunning $378.7m.
TIL. I had thought it was Artforz who started the GPU arms race. Nice to know. https://www.ofnumbers.com/2014/04/20/how-artforz-changed-the-history-of-bitcoin-mining/
Does anyone have the tx hash for this transaction?
Let’s do some math. 50btc reward means 10k btc was 200 blocks mined by him. 144 blocks are mined daily. I don’t know what percentage he managed to mine in the early days, but since he used gpu while others used cpu, I would guess it was high. If he got 10% (was that unlikely back then?), that would be about 15 days of mining. Anyone think he only mined for 15 days?
You Keynesian jokers are focusing on the wrong thing. The fool that gave up 10,000 bitcoin for 2 pizzas is irrelevant. The real hero is the visionary that traded 2 pizzas for 10,000 bitcoins
If he spent 10k btc on pizza he was probably sitting on more than 100k btc. This guy is likely a billionaire today.
iirc he also worked on early LN.
Jacksonville FL, not Miami, should be Bitcoin’s holy Mecca.
This man deserves respect for that.
I had no idea he developped the gpu mining software
If theres ever a btc/crypto history book written this mans name belongs in it
Happy Bitcoin Pizza Day!
Laszlo Hanyecz will forever be a legend in the history of Bitcoin. That’s worth 10,000 BTC 😀
If you’re about to order some pizza today, perhaps check ln.pizza out and use some sats over [r/thelightningnetwork](https://www.reddit.com/r/thelightningnetwork).
LN is awesome and really easy to use even for newcomers. If you never tried it, install [Muun](https://muun.com/) or/and [Phoenix](https://phoenix.acinq.co/) wallet and play with them a bit.
Some exchanges including [CoinCorner](https://coincorner.com/) are already using LN, many promised to implement it ASAP.
At least he ate a pizza. And I’m sure he still has a shitton of btc.
Hopefully that guy is rich now
So what do you think he has only 10000btc he has many more left .
We own a lot to this event!
Also now the most expensive pizza in history..
One word: Hero.
i bought 2 500gb ssds in 2015 with btc. pain
What a Chad!
First and only commercial transaction, lol.
I can see the sadness in his eyes.
I hear “cryptocurrency craze” and I just can’t go any further.
These people are morons.
On this day – people should donate 1 Sat to his wallet!
Im not trying to be a hypocrite but 12 years later and what does bitcoin have to show for? Expect for the fact that the price is up by a lot? It’s not used as a currency and instead an investment. It made people richer because it has been used for as an investment. Nobody uses it as a currency and that defies bitcoin and everything about it.
Who got the 10 000 bitcoin
Pizza guy received $ as it was some dude online who agreed to buy him (Laszlo) pizzas for those bitcoins. The transaction was relaid.
I at least hope he is a millionaire.
Time to return to the original valuation of Bitcoin.
well at least he has a hawaiian shirt now.
Wow man, I have a similar story like this guy but I got some candies for 5 bitcoin back then, it was a fucked up decision but I did what I had to do that time, don’t know what should I say now.
I have massive respect for this guy, the people calling him an idiot would had sold all their btc when it reached a dollar (probably not even then)
Now everyone only says to hodl bitcoin, making it less useful.
How’s he doing nowadays?