Moon Missions and Custom Wallets: Bitcoin Community Celebrates Pizza Day
On May 22, the bitcoin community celebrated the 2nd most necessary date in its calendar. No other date, shop for January 3, 2009 when Satoshi mined the genesis block, is greater symbolic. It was on May 22, 2010 that Laszlo Hanyecz bought two pizzas for 10,000 BTC. Eight years on, the event has grow to be part of bitcoin’s mythology.
Remembering the $83 Million Pizza
On May 18 2009, Laszlo posted a thread on the Bitcointalk discussion board entitled “Pizza for bitcoins?” In it, he explained: “I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 giant ones so I have some left over for the next day. two I like having left over pizza to nibble on later. You can make the pizza yourself and carry it to my house or order it for me from a transport place, but what I’m aiming for is getting food delivered in alternate for bitcoins the place I don’t have to order or prepare it myself, type of like ordering a ‘breakfast platter’ at a motel or something, they just deliver you some thing to devour and you’re happy!”
Laszlo then went on to listing his preferred toppings, before specifying “just fashionable stuff no bizarre fish topping or whatever like that”. Within days he had a buyer and the deal went through on May 22. The event is symbolic, no longer so tons for the price of these 10,000 BTC today, however due to the fact it marked one of the first public cases of bitcoin being used as a potential of payment. The pizza thread, like the value of BTC, has in view that grown and grown, and today runs to seventy three pages, having been seen round 750,000 times.
Pizza Wallets and Pizza Moon Missions
Every year on May 22 the bitcoin community now competes to despatch the satisfactory pizza tweets and branded products, all tied to that then-minor however now huge day in 2010 when bitcoin proved its worth. It hasn’t stopped proving it ever since. To mark the event today, Bitstamp has calculated how some distance $83m of pizzas would stretch, the usage of the following formula:
10,000 BTC * 8,400 USD (1 BTC) = eighty four million USD
84 million USD / 15 USD (1 pizza price) = 5.6 million pizzas
5.6 million pizzas * 14 inches (diameter of a giant pizza) = 1237 miles
1237 miles / 248 miles (average altitude of the ISS) = 4.9
Hardware pockets manufacturer Ledger has gone one better, developing a limited version Pizza Day Nano S. Just 1,337 of the gadgets will be issued, each coming in a distinctive Laszlo’s Pizza box entire with a sachet of red chilli pepper oil, for these who like to spice up their cold storage.
As for the man who made this infamous anniversary come about, history documents that Laszlo sold most of his bitcoins at around $1 apiece but, having contributed to its early source code, and achieved his bit to ensure real world adoption, he regrets nothing. In the crypto community, Laszlo Hanyecz’s moves will usually be the ultimate “Florida man” story, destined to be venerated faithfully each May 22 forevermore.