Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later
Laszlo Hanyecz has the honor of conducting the first commercial Bitcoin transaction: trading 10,000 bitcoin for about $30 worth of pizza.
Ten years later, those bitcoin would be worth $91 million. He apparently has no regrets. “It was a really interesting system but nobody’s using it,” Hanyecz said. “If nobody’s using it, it doesn’t matter if I have it all.”
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This one transaction, conducted about a year after Bitcoin’s inception, was the proof-of-concept necessary for a whole emergent economy to blossom. Ten years – to the day – later Bitcoin is looked at as a legitimate hedge against the Fed, a means of payment and a veritable worldview.
While Hanyecz has said if it wasn’t him it would have been someone else, today we recognize his sacrifice and experiment.
Happy Bitcoin Pizza Day!