It’s the annual Bitcoin Pizza Day again. Coincidentally, the Bitcoin market is pretty good during this period, so there are quite a lot of netizens discussing Bitcoin Pizza Day on social networking sites today.
In January 2009, Bitcoin founder Satoshi Nakamoto mined the genesis block of Bitcoin on a small server in the Netherlands. At that time, very few people knew about Bitcoin, and most of them were programmers.
These programmers can use their own computers to mine, and the reward for each block is 50 bitcoins. For example, Laszlo Hanyecz in Florida, USA, has obtained a large number of bitcoins through mining.
On May 18, 2010, Laszlo Hanyecz posted on the Bitcoin Talk forum: I'd be willing to spend 10,000 bitcoins on two pizzas, preferably large ones.
This post attracted some discussion among enthusiasts at the time. On May 22, Laszlo Hanyecz replied that the transaction had been completed. The person he traded with was a guy named Jercors. Jercors bought two coupons from a pizza restaurant (about 30 to 40 US dollars) and traded them for 10,000 bitcoins.
By 2011, Jercors sold this batch of Bitcoins for $400. Compared with the cost of $30 to $40 at the time, the return rate was 10 times. Laszlo Hanyecz did not regret this. He believed that this was able to prove Bitcoin has transactional properties, which is something to be proud of.
Bitcoin cash has brought the cryptocurrency market a market value of nearly one trillion US dollars, and Bitcoin has reached $70,000. These 10,000 Bitcoin Cash are worth up to $700 million, so Bitcoin Pizza Day is indeed a memorable event in the history of cryptocurrency.
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