Happy Bitcoin Pizza Day!

Laszlo Hanec is famous for spending 10,000 Bitcoin on two pizzas. But his involvement in Bitcoin development goes much deeper than food purchases.

On May 22, 2010, Florida resident Laszlo Hanec paid 10,000 $BTC for two Papa Johns pizzas. This is believed to be the first purchase ever made with the experimental digital currency. The value of those coins today would be just under $700 million dollars.

This story is well known, it is part of the "Bitcoin story" and is celebrated annually around the world. Less well known is Khanyech's other contribution to Bitcoin. According to Bitcoin historian Pete Rizzo, the first person to ever spend bitcoins in commercial transactions was also something of a confidant of Satoshi Nakamoto.

This year's Pizza Day can also be seen in a new context after the publication of Satoshi's 120-page email correspondence with one of the first Bitcoin developers, Martti Malmi (aka "Sirius"), which raises the question of how coincidental it was that the first purchase using Bitcoin was for pizza. Malmi wrote the first FAQ for the Bitcoin website , apparently quoting Satoshi's responses to previous queries. He wrote:

"Bitcoin is valued for what it can be exchanged for, just like all traditional paper currencies. When the first user publicly announces that he will make a pizza for anyone who gives him a hundred bitcoins, then he can to some extent use bitcoins as payment - to the extent that people want pizza and trust his statement. A pizza-eating barber who trusts him as a friend can then announce that she is starting to accept Bitcoins as payment for fancy haircuts, and the value of Bitcoin will be higher - you can now buy pizza and haircuts with them. When Bitcoins become accepted widely enough, he can get out of his pizza business and still be able to use his Bitcoin savings."

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