We Have All Had A 'Pizza Day Moment'

Published on by Cointele | Published on

"Without spending, BTC wouldn't have become what it is today," he added.

Antonopoulos' tweet came on Bitcoin Pizza Day - a crypto holiday commemorating the first documented commercial purchase using Bitcoin.

Approximately 10 years ago, programmer Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas, totaling around $41 at the time.

At present day valuation, 10,000 BTC would be worth approximately $92.5 million.

Around two years later, in 2012, Antonopoulos bought one pound of coffee beans for 5 BTC, according to his May 22, 2020 tweet recounting the experience.

Cointelegraph reporter Sam Haig said he paid 1 BTC for a used $600 laptop computer in 2014, after buying that 1 BTC for only $70 in 2013.

Cointelegraph editor, Jeffrey Albus, recounts a similar story, in which he paid 15 BTC for a steak dinner in 2011.

"12 BTC went to paying for the meal. The other 3 BTC were given to our waitress as a tip using a paperwallet." reveals Albus, adding wistfully "I'm sure she just threw them away."

Antonopoulos' tweet yielded a bevy of comments as many early industry participants expressed similar woes, including tales of BTC spent on candles and diapers.

Early Bitcoin adopter and Gemini exchange co-founder Tyler Winklevoss paid 312.5 BTC for a Virgin Galactic spaceship ticket in 2014.