If there is a holiday in the crypto bubble, it was celebrated on Thursday. What is meant is the “Crypto Pizza Day”. He marks the first Bitcoin transaction with real goods and has a bitter aftertaste with a view to the current record course.
Laszlo Hanyecz is probably the most tragic hero of Bitcoin story. In 2010, the American had a funny idea that he should cost a fortune. In an online forum for crypto enthusiasts, at that time an extremely small circle, he offered a historic deal: he was willing to exchange 10,000 bitcoin for two pizzas.
What corresponded to $ 41 at that time would be worth more than a billion US dollars with the exploding courses. The Bitcoin had already surpassed its earlier record of $ 110,000 in the middle of the week. Without knowing it, the family man put a fortune on the table.
“I love things such as onions, peppers, sausage, mushrooms, tomatoes, pepperoni (…) No strange fish cover or something,” wrote Hanyecz on 18 May 2010. A Margherita would also be in order. He then pushed: “Two large where possible so that I still have something for the next day. I love nibbling on the remains.”
Only after three days did anyone report
After that nothing happened for three days and the Bitcoin pioneer wondered if he should increase the price. ‘So nobody wants to buy a pizza for me? Is the Bitcoin amount that I offer too low? ” He wrote.
On May 22, 2010, Hanyecz reported something historical. Another Bitcoin enthusiast from California had paid two pizzas from the chain of Papa John in exchange for cryptocurrency.
The process marks the first known daily transfer with bitcoins and has since been celebrated as “Crypto Pizza Day”. The then 19-year-old Jeremy Sturdivant ordered the delicacies and collected the digital currency.
Then the courses exploded
Within 15 years the bitcoin shot through the ceiling and then 42 cents each to more than $ 110,000. Hanyecz is considered a tragic pioneer in the crypto bubble. Over the years he tried to justify his purchase: “I mean, people can say that I am stupid, but it was a great company at the time,” he wrote on the Bitcoin pier. “I don’t think anyone could have known it would be.”
It is especially bitter that he has probably invested much more in pizza. In an interview with the “Forbes” Business Magazine in 2019, Hanyecz publicly made it that he exchanged a maximum of 100,000 coins for Italian pasta that were even easier to produce (“mining”) at that time. From today’s perspective, probably the worst deal of all time.
What happened to the assets?
In recent years, Hanyecz has largely withdrawn from the audience, in his wallet – a wallet for cryptocurrencies – according to “Forbes” there are no more bitcoins. And what about Jeremy Sturdivant who accepted the deal of the century?
The 34-year-old is also not a billionaire. In his juvenile recklessness, he gave his crypto treasure for computer games worth $ 400. And that every coin. Ten times what he had designed for the pizzas. Even today he sees this as a success: “Bitcoin as a currency is meant to be published.”
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
