Hanyecz is known as the first person to use bitcoin in a commercial transaction. On May 22, 2010, when bitcoin was a little over a year old, he bought two pizzas for 10,000 BTC. The day is now known as “Bitcoin Pizza Day.” With one bitcoin now worth $9,500, this is apparently a joke and Hanyecz’s $45 million pizzas are the punchline.
The joke is also a parable, illustrating the competition and interplay between three potential uses of bitcoin. The first is speculation. Bitcoin’s nosebleed-inducing decade of upward price movement is what drives CNBC headlines and motivates participation: People see it as a way to get rich. “Bitcoin is a way to harness greed,” said Hanyecz in a recent interview from his home in Jacksonville, Fla. It’s greed that underpins the delicate balance of incentives that keeps bitcoin running.
Hanyecz understands that balance well, having been a contemporary of bitcoin’s pseudonymous founder, Satoshi Nakamoto (he says they messaged a few times), and an early bitcoin miner who tinkered to mine more efficiently and earn more bitcoin.
This is actually remembered and remarkable day in the history of crypto currencies as a whole, at the same day in may 22 in the 2010 when bitcoin was still in it inception something happened that is why it always celebrated in the crypto space. At this time 2010 a computer programmer Lazlo Hanyecz made the first ever world recognised crypt transactions by using bitcoin as a payment for the pizza he bought. Wow he actually paid 10,000 bitcoins just for two pizzas and following the trend of bitcoin price you understand that it is a huge some of money that was spent on just two pizzas because it was still in it inception and you what I actually wish I was the pizza seller who actually sold the pizza to him as at then.