It’s that time of year. The anniversary of the notorious Bitcoin Pizza Day. On May 22, 2010, Laszlo Hanyecz, a developer, paid 10,000 BTC for two pizzas from the Papa John’s franchise. Every year on this date, people celebrate this historic transaction that would cost $4.4 million USD at today’s current rates for 16 slices of pizza.
Also read: Larry Tabb: ‘Blockchain Technology Has No First-Mover Advantage’
Bitcoin Pizza Day Celebrated Once Again
This year, scrolling through various social media platforms, the momentous day is being celebrated once again in 2016. Throughout Twitter, the #BitcoinPizzaDay hashtag is in full effect with people remembering the purchase and of course swathes of pizza-related memes. At the time when Laszlo Hanyecz bought the pizzas, the transaction was roughly $20 worth of bitcoins and was completed to test out whether the point of sale could be accomplished. The Florida programmer Laszlo Hanyecz told the New York Times:
“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool.”