The million dollar pizza story

It was May 22nd 2010 when a programmer by the name of Laszlo Hanyecz wanted to try to sell some Bitcoin for something real which at this time had never been done before.  The idea of someone ever wanting to exchange anything for Bitcoin was still a distant dream. But Laszlo was determined to make it happen so he posted the following on the main bitcoin forum at the time, The Bitcointalk forum.

“I’ll pay 10,000 Bitcoins for a couple of pizzas….like maybe 2 large pizzas so I have some left over for the next day.  It’s great having left over pizza to snack on later. You can make the pizza and bring it to my house or order it for me from a pizza shop, but what I want is to get food delivered in exchange for Bitcoins to where I need not order or prepare it myself.  Kind of like ordering a breakfast platter at a hotel or something, they just bring you some pizza and you’re happy!”

The two large pizzas were ordered from Papa John’s Pizzas for exactly 10,000 BTC which equated to $30 at the time.  Another user on the forum by the name of ‘Jercos’, agreed to Hanyecz proposition. Hanyecz sent BTC to Jercos and Jercos went ahead and ordered the pizzas.  Since the transaction was made, Bitcoin has really taken off and at today’s (18/12/2018) prices those two pizzas would be worth an eye watering $48,611,320.18 AUD or around $48 million.  With 8 slices per pizza, that equates to around $3 million AUD per slice.