This article won’t be about EOS in any way. However, one needs to be aware of the cryptocurrency’s beginnings before diving deeper into the crypto rabbit hole.

Nine years ago, on May 22nd, 2010 Laszlo Hanyecz, a programmer from Florida, spent 10,000 BTC for two pizza pies in the first ever transaction where bitcoin was used to pay for a physical good.

At the time of transaction 10,000 BTC cost about $40. In today’s valuations these two pizzas would cost approximately eighty… million… dollars.

The Story

On May 17, 2010, Laszlo created a post on a popular Bitcoin forum Bitcointalk requesting to buy pizza with bitcoin. Here is that historic post.

On May 22, 2010 a used named jercos successfully ordered and had the desired pizza delivered to Laszlo in exchange for 10,000 BTC for his effort. Laszlo later reported back that pizzas were successfully delivered and posted these pictures as proof:

Pizza bought in the first bitcoin transaction
Pizzas bought by Hanyecz with bitcoin in the first BTC for goods transaction.
Pizza for 10,000 BTC

Pizza Index

Following the historic event and understanding of its significance, the community created a Pizza Index similarly in nature to the Big Mac Index used in economics.

Pizza Index is the value of the 10,000 BTC that were originally spent on pizza in today’s dollars. At the peak in Dec 2017 the index was worth nearly $200M.


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