Laszlo Hanyecz (laszlo), a programmer based in Florida, U.S. working for online retail company GoRuck, made the first documented purchase of a good with Bitcoin.
He famously declared success in his four day quest to trade 10,000 Bitcoins in a post on a bitcointalk forum page. And that was by buying two Domino's pizzas from Jeremy Sturdivant (jercos).
The pizzas were cheese topped with onions, sausages, mushrooms, tomatoes, and all but without “all sorts of ridiculous things” like the fish top, he said.
“I just want to report that I successfully traded 10,000 bitcoins for pizza. Thanks jercos!”
According to Sturdivant the transaction was finalized over IRC chats. Sturdivant was 18 at the time of the transaction.
The Bitcoins were quoted at $41 at the time of the offer.
The day was May 22, 2010, and to commemorate the transaction, the day became the 'Bitcoin Pizza Day'. Some pizza providers worldwide offer discounts to Bitcoin users to commemorate laszlo's purchase.
While Hanyecz became famous as a “failed millionaire”, in a 2019 interview, Hanyecz was asked about his purchase on the pizzas, he said that he didn't "regret" it. But that is also because he doesn't want to think about it too much.
Recalling the moment, he said that he wanted to have food delivered to him.
Bitcoin is the cryptocurrency, powered by the blockchain technology, invented by Satoshi Nakamoto.
At the time it was first introduced, Bitcoin has only transacted within a small community, which are mostly those who were involved in the mining processes. Fast forward, the cryptocurrency is one of the most valuable currency there is.
At one time in late 2013, 10,000 Bitcoins were worth over $12 million. And if it happened in 2017, 10,000 Bitcoins were at around $15.5 million.
And if that pizza purchase happened in 2018, the price would be $18 million.
According to him, he offered such a large amount in hopes that at least someone will respond. At the time, there were almost no transactions. Some owners of Bitcoins even gave cryptocurrency for free to increase its popularity on the internet.
"I do not consider this a mistake. It’s like talking that you had to go back in time and buy Google shares."
"I’m just glad that I managed to help the success of bitcoin. It’s great to feel part of something important. "