Satoshi

Pizza

Papa

Satoshi Nakamoto

Bitcoin

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Fourteen years ago, on May 22, 2010, two pizzas were bought for <a aria-label="10,000 BTC (opens in a new tab)" href="https://bitcointalk.org/index.php?topic=137.0" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">10,000 BTC</a>, a transaction worth over $700 million today. This historic event marked the first documented <a href="https://tokenist.com/investing/how-to-invest-in-bitcoin/" rel="dofollow" class="deco-link">real-world use of Bitcoin</a>. It demonstrated the potential of decentralized digital currency, setting the stage for a revolution in finance.</p> 
<h3 id="bitcoin-is-the-world-s-first-widely-adopted-decentralized-digital-currency">Bitcoin is the World’s First Widely-Adopted Decentralized Digital Currency </h3> 
<p>Bitcoin, the world’s first decentralized digital currency, was introduced by the pseudonymous Satoshi Nakamoto in 2009. The concept behind Bitcoin was to create a peer-to-peer electronic cash system that would operate without a central authority, such as banks or governments. <br><br>Decentralized currencies like Bitcoin offer several advantages over traditional currencies, including lower transaction fees, increased security, and the ability to conduct transactions without intermediaries.</p> 
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<h3 id="a-programmer-from-florida-paid-10-000-btc-for-two-large-pizzas">A Programmer from Florida Paid 10,000 BTC for Two Large Pizzas</h3> 
<p>On May 22, 2010, Laszlo Hanyecz, a programmer from Florida, made a post on the BitcoinTalk forum offering to pay 10,000 BTC for two large pizzas. <br><br>On the forum, Jeremy Sturdivant (known as “jercos”) accepted the offer and arranged to deliver two Papa John’s pizzas to Hanyecz’s home. This transaction, worth roughly $41 then, marked the first documented real-world use of <a href="https://tokenist.com/bitcoin-above-72000-as-digital-asset-products-see-surge-in-inflows/" rel="dofollow" class="deco-link">Bitcoin</a> as a medium of exchange, demonstrating the cryptocurrency’s potential for everyday transactions.</p> 
<p>The pizza transaction had an immediate impact on the Bitcoin community. It validated Bitcoin’s use case and encouraged other users to explore real-world applications for the cryptocurrency. The transaction also attracted early media attention, sparking growing curiosity about the potential of digital currencies.</p> 
<p>Over the years, the significance of the pizza transaction has only grown. The value of Bitcoin has skyrocketed, with 10,000 BTC worth over $700 million as of 2024. <br><br>The <a aria-label="Bitcoin Pizza Index (opens in a new tab)" href="https://bitcoinpizzaindex.net" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Bitcoin Pizza Index</a>, which tracks the value of the pizza transaction over time, has become a popular way to illustrate the cryptocurrency’s growth. The transaction also paved the way for technological advancements in blockchain technology and inspired the creation of numerous other cryptocurrencies.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><strong><em><strong><em>Would you be willing to buy pizza with BTC today? Let us know in the comments below.</em></strong></em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/how-a-bitcoin-pizza-trade-pushed-decentralized-money-into-the-spotlight-14-years-ago/">How a Bitcoin Pizza Trade Pushed Decentralized Money into the Spotlight 14 Years Ago</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

How a Bitcoin Pizza Trade Pushed Decentralized Money into the Spotlight 14 Years Ago

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