The UNTOLD story of Bitcoin Pizza Day

The story of the $400,000,000 Pizza! (or $380,000,000 to be precise...)

Eleven years ago today, Laszlo Hanyecz made what would become one of the most famous food purchases of all time, and now today will forever be known as Bitcoin Pizza Day.

Hanyecz asked an online forum if anyone would be willing to send him 2 large pizzas in exchange for 10,000 Bitcoins.

Jeremy Sturdivant took the offer, and it was the first exchange of real world goods for Bitcoin in history.

Some say both men were ultimately fools for not holding onto those 10,000 Bitcoin.

Others recognize that this exchange grounded bitcoin’s price in terms of real world goods for the first time ever, and became a catalyst for greater adoption. We finally had a money that was uncensorable, peer-to-peer, permissionless, and you could actually use it in your every day life to buy things.

It was a revolution, covered in marinara sauce.

Happy Bitcoin Pizza Day, everyone!
And thank you Hanyecz and Sturdivant for helping ignite what quickly became a full fledged crypto revolution!

Edited by Lee Rennie

Watch on LBRY!

To support NBTV, visit:
(tax-deductible in the US)

Visit our shop!

Our eBook "Beginner's Introduction To Privacy:

Beware of scammers, I will never give you a phone number or reach out to you with investment advice. I do not give investment advice.

________________________________________________________________________
Here are a bunch of products I like and use. Using these links helps support the channel and future videos!

Recommended Books:

Beginner's Introduction To Privacy - Naomi Brockwell

Permanent Record - Edward Snowden

What has the government done to our money - Rothbard

Extreme Privacy - Michael Bazzel (The best privacy book I've ever read)

No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald

Some of my favorite products to help protect your privacy!

Faraday bag (signal stopping, to protect your fob, credit card, computer, and phone)

Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)

Camera tape (electrical tape is the best tape for covering phone and computer cameras)

USB-C to ethernet adapter:

Privacy Screens (use your phone and computer in public? Keep your information safe!)

Computer: (Search for the size right for your computer)

Phone: (Search for the size for your phone, decide whether you want glass or plastic!)

[markb]

The story sounds so much better when you tell it NaiNai! Thanks Laszlo. Sometimes someone needs to take one for the team. YOU DA MAN!

[natemarx]

A Saturday upload from the Australian Queen is a million dollar prize.

[alexknight]

Where did you get that Monero poster from? I want one ;)

[WorldT]

Any pizza paid by BTC would always be good pizza. Good value for sure.

[JaceKensut]

Never thought I'd cry over pizza. Laszlo and Jeremy, I salute you

[Jefleopard]

Oh....For a time machine right now. 😏🥴

[kylejoseph]

I remember back around that time people would send you bitcoin for free for simply messaging them with a bitcoin wallet address. Very few people understood it's potential back then. Even when it broke $1 I couldn't understand how 1 Bitcoin could be worth more than so called "real currency". These guys really were pioneers!

[pepelapiu]

Here's an idea. Why don't we all agree that at least once a year on Bitcoin pizza day, each and everyone of us should call the local pizza join and ask them if they accept Botcoin for pizza on in honnor of Bitcoin pizza day?

[davo]

Pizza on the menu tonight for me tonight to celebrate this day!

[lc]

Where did those traded 10, 000 of bitcoin go?

[mattbradley]

I'd still spend my bitcoin on a pizza if it was for you, Naomi.

[jamesmatthew]

No one ever asked him how many BTC he still has.

[artemiasalina]

Three words I never thought I'd say together: Comedy-sized knife.

[rediryou]

I love this it truiis revolutionary. Let's just hope the government doesn't get involved and screw it all up.

[heyRex]

And today it costs a pizza to send any Bitcoin...

[dcfan]

But the risks of limitless and unchecked transaction are very high.

[ligerllama]

Howdy Naomi "Nom nom nom" Brockwell!

Happy belated Bitcoin Pizza Day

[anthonysach]

I remember buying something from an online shop in 2012/13 from the US to the UK. Think I paid around 0.3 BTC for something worth $30. Still got the item. I was supporting the shop as I thought we need a way to use BTC. I think it was about $100 for 1 BTC back then. To counteract what might be thought of as a loss I also bought Casascius coins from there.

[dsnggE]

There's no way you ate that entire pizza.

[dunconomics]

Hodl is stupid. "Spend and replace" is where it's at. If he didn't spend BTC on the pizza, would Bitcoin be what it is worth today. Maybe not. It's about growing the economy.