Share this page!

Maybe Scrolly?
Henri Arslanian Profile picture
Twitter logo
May 25 • 11 tweets • 9 min read
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: Image
4/ And after no offer for three days, he even proposed to raise the price, writing: Image
5/ But a transaction was finally made: Image
6/ This is the picture of those two famous pizzas (from @PapaJohns), along with one posted by Laszlo himself enjoying his purchase. ImageImage
@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.” ImageImage
@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. Image
@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! Image
@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:

linkedin.com/newsletters/th…

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

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Henri Arslanian

Henri Arslanian Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @HenriArslanian

Henri Arslanian Profile picture
May 27
1/ Is Bitcoin mining making a comeback in China despite the ban? How did the U.S. state of Georgia overtake Texas as America’s Bitcoin mining hub? And what is happening with Bitcoin mining in Russia and Kazakhstan?

Time for a thread 🧵 👇
2/ As recently as May 2021, China was the uncontested global leader in Bitcoin mining, with over 65% of the global Bitcoin hashrate. Image
3/ But that drastically changed the next month when China banned Bitcoin mining. In a matter of weeks, China’s share of global Bitcoin mining plummeted from 65% to 0%. Other countries, notably the U.S., took advantage of this and rapidly increased their share of global mining. Image
Read 27 tweets
Henri Arslanian Profile picture
May 12
1/ Ever wonder how the invention of coinage gave rise to two of humanity's biggest vices?

Time for a thread! 🧵👇
2/ Based on texts from the Greek writer Herodotus, it is now commonly accepted that the Lydians, who ruled over a vast kingdom located in what is today western Turkey, minted the first coins sometime around 630 BC.
3/ Many of the most innovative concepts in today's digital assets space - like fractionalization and tokenization - were actually introduced by the Lydians, who would mint their coins in various weights.
Read 12 tweets
Henri Arslanian Profile picture
May 10
1/ Did you ever wonder where some of the most commonly-used terms in the world of finance and banking originated, like bank, algorithm, and million/billion/trillion?

Time for a thread! 🧵👇
2/ Many of these terms actually originated during the Renaissance, in which Italian bankers took a pioneering approach to push the practice of banking forward.
3/ Interestingly enough, the Renaissance didn’t begin as a movement in art, but rather as a practical revival of mathematics to help bankers and merchants perform the increasingly difficult tasks of converting money, calculating interest, and determining profits and losses.
Read 11 tweets
Henri Arslanian Profile picture
Apr 14
1/ A major milestone in the history of money took place last week. On April 5, 1933, FDR signed Executive Order 6102, which placed extreme limitations on gold ownership in the U.S.

What catalyzed this move? And what was its broader impact?

Time for a thread 🧵👇
2/ Upon entering office, FDR attempted to dramatically increase federal spending so as to stimulate the economy, which was rapidly sinking following the 1929 stock market crash.
3/ Yet his hands were tied by the Federal Reserve Act of 1913, which mandated that each banknote had to be backed by 40% of gold held in federal reserves. So for every dollar printed, the government would need to hold 40 cents of gold.
Read 14 tweets
Henri Arslanian Profile picture
Apr 12
1/ Last week the UK government announced that they want the country to become a global crypto hub. What does this mean? Who are the winners and losers? And what is the broader impact this will have on the crypto ecosystem?

Time for a thread 🧵👇
2/ A big development occurred on April 4 when John Glenn, the Economic Secretary to the Treasury, gave a keynote at the Innovate Finance Global Summit that layed out in a detailed speech what the government is focusing on.
3/ First, they want to make stablecoins a recognized form of payment. There are now over $180 billion in global stablecoin assets, so the UK news could definitely have a major impact on their usage.
Read 15 tweets
Henri Arslanian Profile picture
Oct 19, 2021
Today is another historic milestone for #Bitcoin and the #crypto ecosystem with the listing of the first Bitcoin #ETF in the US.

What is the importance of this new Bitcoin ETF and what may be it’s impact?

Time for a thread 🧵
Today the Pro Shares Bitcoin Strategy ETF was listed on the NYSE under ticket #BITO

This is a moment the crypto ecosystem has been waiting for many years.
Is it the first Bitcoin ETF?

In the US, yes.

Globally no.

There are already many Bitcoin ETFs in #Canada for example and many other ETNs/ETPs in Europe and elsewhere.
Read 15 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(