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A Little-Known Fact About Bitcoin: Pizza Might Not Be The First Thing to Be Bought

a little known fact about bitcoin pizza might not be the first thing to be bought

May is kind of tough for Bitcoin investors as Bitcoin’s performance is disappointing. On the other hand, on the 22nd, Bitcoin Pizza Day will be celebrated. With this excuse, let’s remember the story of the man who bought a pizza with 10,000 Bitcoins. On the other hand, you will be surprised to learn that this pizza was not the first purchase made with Bitcoin.

Bitcoin Pizza Day Celebrates the “First” Buy Made with Bitcoin

Bitcoin Pizza Day is celebrated annually on the day when Bitcoin was first used as a form of currency. Laszlo Hanyecz, an early adopter of Bitcoin made a regrettable deal in 2010 in which he paid precisely 10,000 BTC. Laszlo Hanyecz was pleased with his purchase since he paid around $41 for the pizza.

Since Bitcoin wasn’t that popular then and the block rewards were much higher Bitcoin was not this valuable. However today, a single Bitcoin may purchase around 668 pizzas. If Laszlo had saved his Bitcoins until 2023 he could have purchased over six million pizzas. It would take him to eat over 18,000 pizzas to consume them all in one year. As he would have been a millionaire if he didn’t buy those pizzas with Bitcoin, he is understandably upset.

a little known fact about bitcoin pizza might not be the first thing to be bought 2

Now, The Real “First” Purchase with Bitcoin…

The aforementioned is the most known story behind of May 22 as Pizza Day. On the other hand, it might not be the first time something’s bought with Bitcoin. A person named Sabunir who is interested in testing out Bitcoin transactions posted on the forum that he would sell a PC wallpaper for 500 BTC (equivalent to around $1 in 2010). Dated January 24, 2010, Sabunir’s post reads:

“Send me the coins and let me know what time you sent them in a private message so I can complete the puzzle. If you send me a private message I’ll send you a link to the photo. This original artwork of mine has a resolution of 1280×960 making it ideal for use as a computer backdrop.”

The funny thing is, Satoshi himself/herself, joined the conversion to make the transaction easier. 

Sabunir was offering 500 Bitcoins in exchange for a JPEG. SmokeTooMuch, another forum member, has shown disinterest in purchasing wallpaper. On February 24, 2010, however, there are two transactions in Sabunir’s wallet that stand out: one for 100 BTC and one for 500 BTC. This makes it quite possible that the first purchase made by using Bitcoin was a PC wallpaper. 

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