The famous pizza case
On May 22, 2010, a Hungarian developer living in Florida, László Hanyecz, paid 10,000 Bitcoins for two Papa Jones pizzas. The amount was worth only 25 USD that time. How much is it worth now? I dare not count!
(Photo credit: https://coincolors.co)
How did the Bitcoin pizza transaction take place?
On May 18, 2010, Hanyecz posted a post on the BitcoinTalk forum about exchanging 10,000 of his bitcoins for pizza. At that time, there were no direct Bitcoin-accepting service providers, so he could only buy indirectly for bitcoin. He had to wait a long, four days for his offer.
Another enthusiastic cryptocurrency user, Jeremy Sturdivan (alias jercos) accepted the offer and had already flown the pizzas to Hanyecz.
Why is this pizza business important?
The purchase of pizza has proven that Bitcoin has a worldly utility and can be used as an alternative to buying products instead of currencies such as the dollar, euro or forint.
This date has gone down in history!
Over the years, a real cult has developed around the anniversary, as it helps many people understand where Bitcoin started in 2009-2010. It is also a reminder of the headwinds he had to perform in the early years and the amount of investment opportunities for many.
...so watch out for your code!
A U.S. programmer could have been a bitcoin billionaire for a long time if he didn’t lose the password to his digital wallet.
An American programmer told the New York Times how unfortunate it was not to become a bitcoin billionaire, even though he would have had the opportunity. A man named Stefan Thomas has a digital wallet with lots of bitcoin, but a password to access the cryptocurrency, he lost it.
Thomas got a 7002 bitcoin a decade earlier, which he got for a video on a topic. The programmer had to make a video of the danger of cryptocurrencies, for which he was symbolically paid in such a currency.
The price of bitcoin has risen significantly over time, so the money held in the IronKey wallet is now worth about $ 240 million, or about $ 71 billion. However, without the code needed to open it, nothing, bitcoin, can only be extracted from it.
Thomas said he wrote the line of code that opened the disc on a piece of paper, but he didn't know where it went, and he didn't make a copy of it. Alex Stamos, a former Facebook security chief, was also told about the man’s calvary, who offered to crack the wallet hiding fabulous wealth in exchange for a 10 percent stake.
The New York Times mentions that Stefan Thomas is not the only potential bitcoin millionaire who does not have access to his money. In 2013, a man in Wales accidentally threw a 7,500 bitcoin hard drive in the trash, which he then tried to find at a local landfill, unsuccessfully.
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Thanks @kalemandra
The pizza anecdote is very intriguing, about how we give or take things away. In this case to the cryptos