In 2010, American developer Laszlo Heinitz spent 10,000 mined Bitcoins to buy two pizzas. The crypto community remembers this date every year not only as an example of a failed investment, but also as the first documented use of cryptocurrency as a means of payment in the real world.
13 years ago, American Laszlo Heinitz mined around 100,000 Bitcoins and spent them almost immediately. In particular, 10 thousand BTC of the mentioned amount went to buy two pizzas. Cryptocurrency users around the world celebrate May 22 as an example of one of the most failed investments in history, as Bitcoins spent on food today are worth an estimated $270 million.
In 2020, Laszlo said in an interview with CoinTelegraph that he mined around 100,000 BTC in total, after which he distributed half of the funds to friends and spent the rest to assemble a new computer. In terms of today’s exchange rate, this is over $2.6 billion, yet Heinitz has no regrets about spending Bitcoins: “yes, I would be a billionaire today. But then I wouldn’t have this delicious pizza.”
Buying a pizza for 10,000 BTC is one of the first documented real-life Bitcoin transactions. Nowadays, you can pay with cryptocurrency in various stores, but in 2010 it was considered a real miracle.
Author:
Grigory Shcheglov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
