Today, bitcoiners the world over will celebrate the anniversary of the most expensive pizzas in history.Bought on 22nd May 2010 by Laszlo Hanyecz, the programmer paid a fellow Bitcoin Talk forum user 10,000 BTC for two Papa John’s pizzas.Back then – when the technology was just over a year old – that equated to roughly $25, but is $5.12m by today’s exchange rate.At bitcoin’s all-time high last December, the pizzas would have been worth an eye-watering $11.47m, making them likely candidates for the most expensive pizzas of all time.Now widely recognised as the first real-world transaction with bitcoin, May 22nd has come to celebrate 'Bitcoin Pizza Day', with cryptocurrency enthusiasts raising a slice to Hanyecz’s infamous hunger pangs that paved the way for early merchant adoption.@BlueJayKay5 @CookiePounder Not on island at the moment, so I'll be celebrating #BitcoinPizzaDay with a big slice of Ham & Pineapple ;) — Mrs P TheBitcoinWife (@TheBitcoinWife) April 30, 2014 "It wasn’t like bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool," Hanyecz told Nick Bilton in a recent interview with The New York Times.

"No one knew it was going to get so big."Yet, the picture today is vastly different.bitcoin etf impactWorldwide, there are more than 70,000 merchants accepting the young currency, with block chain transactions now averaging over 57,000 per day.ethereum coin mining hardware indicates that more than 100 brick-and-mortar stores currently accept bitcoin for pizza – and this number is on the rise.bitcoin con ps3Retailers are getting in on the action, too.bitcoin server farmeGifter, the popular gift card platform is giving away extra points to customers purchasing Domino's, UNO and Papa John’s gift cards using either bitcoin, litecoin or dogecoin.bitcoin volume paypal

The company is also providing a 10,000-point prize in honour of the 10,000 BTC used in Hanyecz's transaction.bitcoin coteE-commerce platform provider snapCard is similarly commemorating Bitcoin Pizza Day by giving away 150 cheese pizzas for $0.99.At press time, the company was reporting an enthusiastic response, with roughly 30 orders placed in the first 10 minutes of the offer going live. lets UK customers choose from over 7,500 listed restaurants for home delivery, many of which may not even realise they are accepting the currency (albeit indirectly).After a quick postcode search for 'pizza' outlets, we decided to put the service to the test.Surely enough, Papa John's – Hanyecz's brand of choice – came top.A few clicks and a Blockchain web wallet workaround later (a drawback of using iOS) the pizzas were on their way.Freshly-delivered Papa John's pizza at the CoinDesk office - Happy #BitcoinPizzaDay everyone!/CdEHOrujdr — CoinDesk (@coindesk) May 22, 2014 How will you celebrate Bitcoin Pizza Day?

Why not head to your local joint and raise a slice to Laszlo Hanyecz, whose late-night escapade changed bitcoin forever.Who knows, maybe one day your pizzas could be worth $5.12m too.Monday marks the seven-year anniversary of the first Bitcoin transaction, in which a Florida man paid for two pizzas with the cryptocurrency.The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth $20 million, for the two pizzas.(See also: New Bitcoin Price Record: Over $2,000 Per Coin) On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas.Organized on bitcointalk forum, the Florida man reached out for help."I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day," Hanyecz wrote."I like having left over pizza to nibble on later.You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!"

A British man took up Hanyecz's offer and bought the two pizzas for him in exchange for the 10,000 Bitcoins.Even then the recipient of the Bitcoins got himself a bargain, paying $25 for the pizzas, while 10,000 Bitcoins were worth around $41 at the time.(See also: Basics For Buying And Investing In Bitcoin) The #Bitcoin pizza is worth $20,509,958 today.(-0.15% from yesterday) Today is Bitcoin pizza day!— Bitcoin Pizza (@bitcoin_pizza) May 22, 2017 Since the inception of Bitcoin, Hanyeczs' pizzas have got more and more expensive.Nine months after the purchase, Bitcoin reached parity with the U.S.dollar, making the two pizzas worth $10,000 and in 2015 -- the fifth anniversary of Bitcoin Pizza Day -- the two pizzas were valued at $2.4 million.Today, Bitcoin has surged to an all-time high, trading above $2170, making the pizzas worth...you get it.(See also: The 6 Most Important Cryptocurrencies Other Than Bitcoin) Source: Coindesk Despite the astronomical rise in the price of Bitcoin it seems Hanyecz is not phased about his deal.

"It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool," Hanyecz told the NY Times.Want to learn how to invest?Get a free 10 week email series that will teach you how to start investing.Delivered twice a week, straight to your inbox.No thanks, I prefer not making money.Bitcoin has now been used by countless individuals to transact for over 7 years.At the time of this writing there have been over 140,000,000 transactions sent and stored forever in the blockchain.January 2009 was when the very first block was added to the blockchain, which is affectionately dubbed the Genesis Block, and the rest as they say, is now history.The history of bitcoin includes some amazing stories, some so interesting they are worth retelling to keep the story alive.This post serves to preserve a few memorable pieces of that history.January 12, 2009: It all had to start somewhere It happened at block height 170, the very first bitcoin transaction ever.

This transaction was between the late Hal Finney and Satoshi Nakamoto.Finney was a computer scientist, inventor of reusable-proof-of-work (RPOW), a bitcoin pioneer, and also the first recipient of bitcoin via this transaction.May 22, 2010: “I’ll pay 10,000 bitcoins for a couple of pizzas…” In retrospect, this was quite a monumental transaction, and it also resulted in the most expensive pizzas ever.A user of the BitcoinTalk forum wanted to order two pizzas and was asking if anyone could order it to be delivered to him in exchange for 10,000 bitcoins.The value at the time of the transaction was around $25 USD.Today, that amount in bitcoin is worth over $6.3 million.Every year since that transaction, the bitcoin community remembers this event by celebrating Bitcoin Pizza Day on May 22nd.June 23, 2011: Mt.Gox on the move When bitcoin exchange Mt.Gox was struggling to stay afloat prior to their infamous collapse, then CEO Mark Karpeles wanted to prove that Mt.Gox was financially sound.

To do so, he performed one of the biggest and most risky bitcoin transactions ever.The transaction was from Mt.Gox to Mt.Gox, but regardless it was sent over the bitcoin network to the tune of 442,000 bitcoins.The value now is in the neighborhood of $282.2 million USD.November 22, 2013: This bitcoin transaction sparks mystery and speculation In the fall of 2013, a 194,993 bitcoin transaction hit the network, which caused many to wonder who was behind this very large transaction.The value at the time of the transaction in USD was over $149 million.CoinDesk wrote “unsurprisingly, a transaction of that size has prompted the bitcoin community to do some analysis and detective work.The transaction involved a large number of sending addresses, with some of them from blocks mined in February 2010 or even earlier, prompting excited speculation they might be from Satoshi Nakamoto, bitcoin’s absent (and likely pseudonymous) founder.” December 6, 2013: Bitcoin accepted as payment for Tesla Model S According to a news report about Lamborghini Newport Beach car dealership in California, they sold a Tesla Model S electric car for 91.4 bitcoins, or $103,000 at the time of purchase.

The transaction was handled by payment processor BitPay, said Cedric Davy, marketing director for the Costa Mesa, California based dealership.The dealership has never accepted bitcoin directly, but BitPay’s merchant processing service allowed the buyer to use bitcoin as a form of payment, which was converted into USD once the transaction was complete.December 20, 2013: Bloomberg reporter gets bitcoin nabbed on live TV Bloomberg TV anchor Matt Miller was doing a segment on his “12 Days of Bitcoin” when he flashed his bitcoin paper wallet on TV.Little did he realize that he just showed the corresponding QR code on the paper wallet for his private bitcoin address (not the public address!).Someone viewing the show quickly scanned the code and instantly was $20 richer.Fortunately, Miller let the viewer keep the funds, and he and everyone else learned a valuable lesson that day.February 4, 2014: It’s time to fly began to accept bitcoin as a payment method.A month later the booking service announced that it had its first celebrity bitcoin passenger when it completed a flight from Brussels to Nice.