5000 Bitcoins for a Pizza - The most famous story in Bitcoin history

Mpamaegbu

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Once a man, twice a child!

Quote from: Yanisumin on October 30, 2017, 10:28:13 PM

I bet he is still computing for the BTC he exchanged for pizza up to these day.
At the current price of 6000 dollars and multiplied it by 10k dollars, you can have a yacht, a real state, a resort or a shopping mall that can give you some real positive cash flow and meanwhile the pizza he intake and outtake is just a bacteria nowadays. This is one of the biggest regrets in history and one of the best lesson in holding BTC.

You can say that again about the calculation and the pizza eater forever living in regrets till he dies. He truly deserves a place in the Guinness World Book of Records. Not just for exchanging his 10,000 units of mined bitcoins for a mere pizza like the biblical Esau but for being the first person to have carried out a widely recorded bitcoin transaction. He truly deserves a place in history, whether good or bad.

shafi alam

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Oh god, i heard the same story few day age. i was surprised omg what he did? now adays price of bitcoin is so high. everyone think if he can live instead of the pizza guy, he will never sale thouse coin. Grin

oblox

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No, it was an important transaction that at the time had no value. It was a proof of concept that ultimately led way to where things are now. It had to happen.

Yanisumin

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Quote from: tadakaluri on August 19, 2015, 12:49:14 AM

The Pizza Purchase

The first retail purchase on May 22, 2010 is probably the most famous story in Bitcoin history. Jacksonville, Florida Bitcoin “miner” Laszlo Hanyecz pays 10,000 Bitcoins that he mined himself for two pizzas. At the time, Bitcoin did technically have an exchange rate of a few cents, but who knew that? The purchase price for the pizza was approximately U$25. Selling 10,000 units of unknown computer code for two real pizzas seemed like a great deal at the time.

“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,” Mr. Hanyecz told the New York Times recently.

The year of 2010 sees many first for Bitcoin, including the first escrow transaction (October 16), the first mobile transaction (December Cool

and the first time Bitcoin’s total value exceeded US$1 million on November 6, with each bitcoin trading for approx. US$0.50. Bitcoin is now a real currency.

You Can find this interesting story along with "Top 10 Greatest Moments in Bitcoin History" here: http://cointelegraph.com/news/115146/top-10-greatest-moments-in-bitcoin-history

And the Original Pizza Story Started here: https://bitcointalksearch.org/topic/pizza-for-bitcoins-137

I bet he is still computing for the BTC he exchanged for pizza up to these day.
At the current price of 6000 dollars and multiplied it by 10k dollars, you can have a yacht, a real state, a resort or a shopping mall that can give you some real positive cash flow and meanwhile the pizza he intake and outtake is just a bacteria nowadays. This is one of the biggest regrets in history and one of the best lesson in holding BTC.

SakinaPrincess

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OH My God, never heard that before. Was that real or its just a story created by some novelist? If it was real that guy would have heart attacked lol.

Nerman

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Well during that time it seems it was a really good deal and of course mining bitcoin that time seems very easy. Imagine you are just using your laptop or pc and getting a Bitcoin. Well it was a good advertisement for bitcoin since it was in the news. No one would think during that time that bitcoin will be very valuable.Maybe i would do the same thing on that time and probably exchage it in paypal as well.

I already heard of bitcoin during that time and just ignored it, i'm one of the person that really thought bitcoin will never work, dumb me. If I only have a time machine LOL.

Kakkles

newbie

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Wow, most expensive pizza of all time haha. Hope it tasted amazing

4p0l4k4y

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Well I guess everyone who was into bitcoining that time doesnt have any idea that it would increase its value 10000 x. They were just taking it for granted. If that person was already into mining bitcoins before, he might still got alot of bitcoins stored for today.

pearlmen

sr. member

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I have read this story over and over again but instead of it going away, it keeps coming back to me and to the community to hunt the person who made such decision and how much that amount would have worth as at today but who knows if he had not done what he did then, we wouldn't have something to talk about now. So, he has done well to be part of history for us to continue to make reference to.

Marileno

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amazing story and one that can be told forever. There are some other interesting stories floating around of people actually losing bitcoins by tossing old hard drives out. Those stories are pretty awesome when you think about them for a minute. Invest in something, save and store it, forget about it and then wake p one day realised you basically tossed cash into the trash. just awesome

gedtke

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I dont believe he regret it very much, surely this guy still hold a bunch of coins and is also a millionaire right now. Why should he stop mining them back in these days when he can buy pizzas from it haha
Also he will always be historical, because he paid 30 Million $ for a pizza with todays price Grin

CoinFlippo

newbie

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Well the guy who ordered the pizza is now crying i think, because now bitcoin is worth a lot if he hadn't done that. He could be rich now and order 9999 pizzas for himself.

This was also the first transaction actually this is amazing.

tryer12

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I believe it was 10K Bitcoins, And it was the first transcation of goods for bitcoins. Which is pretty amazing to me.

Naruil

newbie

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I heard that the guy who did that is regretting his choices of life and is crying right now because he could have bought the whole pizza place for himself and he would have gotten unlimited free pizza whenever he wants it.

budi691

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It was a phenomenal story that ever existed, at the beginning I knew and wanted to know about bitcoin. some friends who first knew bitcoin told me about the separation price. if true. I feel proud of the development of bitcoin until now.

szpalata

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Quote from: uszaty43 on October 29, 2017, 06:10:38 PM

Yes hahah this was insane, i remember those times when bitcoin was so cheap.. I saw a thread in where a lot of people were exchanging their bitcoins for paypal money, if i am not wrong, they were offering 15 bitcoins per a dollar in paypal paying the fees for that transaction.
Just imagine that. 15 bitcoins = 1 dollar. isn't it insane guys? i wish that i have a time machine to go back to those times, i would have a fortune right now.

Well this is all part of the lessons we've learnt over time that's why i don't let any one talk me down on bitcoin because you'll never know when you might be fucking yourself with your unbelief. I, like many others are also trying my best to stock as many bitcoins as i can because in the near future bitcoin will be greater in value and i can rely on it as my insurance.

sn08btc2140

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The Cryptocurrency never sleep

Laszlo Hanyecz I do not think he had any regret xx those 10000 bitcoins he even disgusted me he was happy xke head how much the people on the line were interested in
having Grin

bitcoin and then did not want to go home because he was too busy to undermine ... sry I have to use the translator hi hi hi hi Grin

sn08btc2140

member

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The Cryptocurrency never sleep

Thanks dear
Laszlo Hanyecz at that time I read you already and like many others like me on the other side of the ocean we would gladly come and bring you the pizza ... And to give you some help to mince bitcoin. Even more beautiful and see that you have managed to pass on the story together this coin ... And a bit what you wanted also you ha ha ha ha Grin

btcprospecter

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I was talking to someone about this the other day. Does anyone know the address of the the two people it would be interesting to know if they are still very much involved with bitcoin.

uszaty43

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Yes hahah this was insane, i remember those times when bitcoin was so cheap.. I saw a thread in where a lot of people were exchanging their bitcoins for paypal money, if i am not wrong, they were offering 15 bitcoins per a dollar in paypal paying the fees for that transaction.
Just imagine that. 15 bitcoins = 1 dollar. isn't it insane guys? i wish that i have a time machine to go back to those times, i would have a fortune right now.

Topic: 5000 Bitcoins for a Pizza - The most famous story in Bitcoin history (Read 2720 times)