The Infamous Story of 10,000 Bitcoins for a Pizza
A Decade of Regret?
On May 22, 2010, a monumental moment in Bitcoin history took place. It was a day that would go down in infamy, a day that would make crypto enthusiasts cringe, and a day that would serve as a cautionary tale for the ages. On that fateful day, a user named Laszlo Hanyecz offered 10,000 Bitcoins to anyone who would deliver two Papa John's pizzas to his doorstep.
The Original Post
The legendary post, which has since been archived, read:
"I'll pay 10,000 BTC for a couple of pizzas.. like maybe 2 large ones.. so i have some left over for the next day. I like having leftovers for the next day too"
Little did Laszlo know, those 10,000 Bitcoins would one day be worth a small fortune.
The Pizza Party
A fellow Bitcoin enthusiast, Jeremy Sturdivant, took Laszlo up on his offer and delivered the pizzas. The two large Papa John's pies were exchanged for the staggering amount of 10,000 Bitcoins. At the time, the agreed-upon price was around $25.
The Aftermath
Fast-forward to today, and those 10,000 Bitcoins would be worth a mind-boggling $350 million. Yes, you read that correctly – $350 million!
Laszlo's infamous pizza purchase has become a symbol of the cryptocurrency's volatility and the importance of hodling (holding) onto one's coins. It's a reminder that even the most seemingly insignificant transactions can have monumental consequences in the world of cryptocurrency.
The Lesson Learned
The story of Laszlo and his 10,000 Bitcoins for a pizza serves as a reminder to always think carefully before making a trade. In the world of cryptocurrency, patience and foresight can be incredibly rewarding. Who knows what the future holds for Bitcoin and its users? One thing is for certain, however – Laszlo's pizza purchase will forever be etched in the annals of Bitcoin history.
