Thread by @HenriArslanian

1/ This past weekend was the 12-year anniversary of Bitcoin Pizza Day, which marked the first time that Bitcoin was exchanged for physical goods.

But what exactly happened on that date 12 years ago? And how did the transaction take place?

Time for a thread 🧵 👇

2/ On May 22, 2010, Bitcoin enthusiast Laszlo Hanyecz posted online a receipt of the first documented purchase of goods in Bitcoin: two pizzas for 10,000 Bitcoin, the equivalent of US$41 at the time.

But 12 years later, those 10,000 Bitcoins are worth over $304 million!

3/ His original message said:

4/ And after no offer for three days, he even proposed to raise the price, writing:

5/ But a transaction was finally made:

6/ This is the picture of those two famous pizzas (from @PapaJohns), along with one posted by Laszlo himself enjoying his purchase.

@PapaJohns 7/ May 22 is now celebrated by many in the global crypto community as “Bitcoin Pizza Day.”

@binance recently offered free pizza for a year to five random winners, with participants tasked with making their own versions of “Binance pizza.”

@PapaJohns @binance 8/ And @cz_binance even made a surprise appearance in a pop-up pizzeria in Cannes last week to kick off the competition.

@PapaJohns @binance @cz_binance 9/ @coinbase also launched their own pizza-themed campaign to celebrate the occasion, offering new users $10 in Bitcoin to go spend on a slice!

@PapaJohns @binance @cz_binance @coinbase 10/ In any event, if you ever feel bad or regretful about certain financial decisions you've made, Bitcoin Pizza Day is ultimately a reminder that things could be a whole lot worse!

@PapaJohns @binance @cz_binance @coinbase 11/ Hope this was a useful thread. If you enjoyed this content, make sure to subscribe to my newsletter, where I break down all of the latest major developments in the crypto ecosystem:

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#crypto #Bitcoin #BTC #BitcoinPizzaDay #money #finance #blockchain