Today is the ten-year anniversary of Bitcoin Pizza Day. Back on May 22, 2010, Laszlo Hanyecz agreed to pay a whopping 10,000 BTC for two delivered Papa John's pizzas.
At the time, the value of this transaction was worth only about $30, as BTC was worth just a fraction of a penny— $0.0031 per BTC, to be exact. Over the years, the rising value of BTC inspired the creation and celebration of Bitcoin Pizza Day. As of today, 10,000 BTC is worth around $90 Million.
To celebrate the ten-year anniversary of Bitcoin Pizza Day, AtomicDEX and Komodo are running a microbounty campaign! This post will cover some basic background information about Bitcoin Pizza Day and then explain all of the details about how you can earn KMD in the microbounty campaign.
The Famous Bitcoin Pizza Day BitcoinTalk Thread
On May 18, 2010, Laszlo Hanyecz started a thread on BitcoinTalk with the following request.
“I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!
I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.
If you're interested please let me know and we can work out a deal.
On May 22, 2010, Hanyecz announced that someone had delivered two pizzas to his home in Jacksonville, Florida. Hanyecz shared photos as evidence.
The value of BTC began to increase sharply in 2010. The thread received new comments from BitcoinTalk users. Most began joking about the increasing value of BTC and the value of Hanyecz’s order.
In November 2010, one user commented, “Will this eventually become the world's first million-dollar pizza?” Another user wrote in April 2011, "Someone could write a story about the $18,000 pizza!” Of course, the value of BTC has only climbed higher since.
Tracking The Price Of BTC On Bitcoin Pizza Day From 2010 To 2020
Today, on the 10th Bitcoin Pizza Day, those 10,000 BTC that Hanyecz used to buy two Papa John’s pizzas would be worth about $90 Million, or a staggering $45 Million per pizza.
Here’s how much 10,000 BTC was worth in USD on May 22 for the past 10 years:
- 2010: $31.00
- 2011: $64,150.00
- 2012: $50,990.00
- 2013: $1,166,860.00
- 2014: $5,091,960.00
- 2015: $2,370,150.00
- 2016 $4,412,680.00
- 2017: $21,490,000.00
- 2018: $82,610,000.00
- 2019: $78,840,000.00
- 2020: $90,650,000.00
Hanyecz’s Reaction To Bitcoin Pizza Day
In a 2019 interview with 60 Minutes, Hanyecz recounted the story behind his decision to buy two pizzas with BTC. He said, “I just honestly thought it would be really cool if I could say, hey, I just traded this open-source internet money for a real-world good. I thought, you know, what better thing than food. Food is a basic necessity.” Regarding the fact that Bitcoin Pizza Day has become a worldwide holiday, Hanyecz said, “It’s pretty cool to kind of have a holiday in my honor.”
In another interview with Cointelegraph, Hanyecz said he has no regrets about purchasing what has become the world’s most expensive pizza order and stated that he just wanted people to use Bitcoin. By all accounts, this is known as the first-ever recorded transaction of Bitcoin for a physical good. As Hanyecz wished, this decision has been a catalyst for the adoption of Bitcoin and other cryptocurrencies for daily payments.
Bitcoin Pizza Day Celebrations
Bitcoin Pizza Day is celebrated by crypto enthusiasts, pizza restaurants, and blockchain projects around the world. Here are a few examples from recent years.
Local Celebrations At Pizzerias
In 2019, a group of crypto enthusiasts gathered at Little Zoe’s Pizza, a restaurant located in the “Crypto Mecca '' of Keene, New Hampshire. The restaurant accepts Bitcoin and other cryptocurrencies as payments from patrons. People showed up from surrounding states such as Massachusetts and Vermont to celebrate the holiday. Numerous celebrations similar to this one have taken place in France, Australia, Iran, and several other countries.
The popularity of Bitcoin Pizza Day has inspired crypto-related competitions from popular retailers. For example, Domino's Pizza France held a €100,000 giveaway. From September 4 to October 2, 2019, the contest allowed people to participate in games while ordering pizzas from Domino's. The winning customer had the choice between receiving prize money in Euros or in Bitcoin.
AtomicDEX’s Bitcoin Pizza Day Giveaway
AtomicDEX is running a Bitcoin Pizza Day microbounty campaign. All you need to do to win your 15 KMD is tweet out a pic of your pizza (a slice or a whole pie— both work!) with an AtomicDEX logo visible in the photo. It can be your phone with the AtomicDEX app open, a screen with the AtomicDEX homepage open, or anything else that clearly shows the AtomicDEX logo in a physical way. No digital layovers or Photoshopped logos allowed.
Get creative! The 3 coolest photos, as judged by the Komodo team, will get a small bonus in KMD.
You must also tag @AtomicDEX twitter account in your tweet.
The first 50 participants will each win 15 KMD! After that, no prizes will be awarded, so grab a pizza and tweet your pic as soon as possible.
Thanks for reading and happy Bitcoin Pizza Day!