Bitcoin, Cryptocurrency And Blockchain News

Happy Bitcoin Pizza Day! Quite a Lot Has Changed…


May 22nd 2018 marks the 8th birthday of crypto transactions. On 22nd May 2010, the first ever Bitcoin transaction took place when Laszlo Hanyecz, one of Bitcoin’s first developers, tested the network by buying two pizzas.

Eight Years of Change

Now, back in 2010, Hanyecz made his purchase using 10,000 Bitcoins. While the pizzas were probably delicious, that doesn’t exactly represent value for money nowadays. In fact, if you were to take advantage of Domino’s carry-out at $8, with today’s BTC price at $8,234, you’d be able to buy 10,292,500 pizzas. That’s almost enough for one pizza for every person in  New York and Chicago combined.

Or you could just buy several houses, cars, boats and holidays with your $82 million!

But of course it’s not all doom and gloom for Laszlo Hanyecz. In fact, in February he made the news again, testing the new lightning network with the purchase of… more pizza! This time though, he completed the transaction using 0.00649 Bitcoin, with a transaction fee of 6 cents.

We think Laszlo got a better deal this time around!

Image Credit: Deposit Photos