Bitcoin (BTC)</strong></a>. <strong>Jeremy Sturdivant</strong> saw the post and agreed to buy Hanyecz the pizzas.</p>\n<p>The exchange marks <strong>one of the first real-world transactions</strong> in history. The most notable thing about this transaction was the amount spent. Bitcoin had only been around for a little over a year, having been launched in 2009. It would take another year, until 2011, before Bitcoin reached a one-to-one ratio with the USD.</p>\n<p>At the time of writing, the amount Hanyecz paid is worth over <strong>$400 million</strong>, and the price of a single BTC is equal to <strong>$40,000</strong>.</p>\n<p>Over the years, <a href=https://www.bitdegree.org/"https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-pizza-sell-crypto-jeremy-sturdivant-b1854212.html/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>both Hanyecz and Sturdivant have made comments</strong></a> about the historic transaction.</p>\n<p>Hanyecz stated that he did not regret the decision to spend crypto on the two pizzas, despite seeing the market cap growth. He said he saw no point to hold onto cryptocurrency without spending anything since that would make the whole system meaningless.</p>\n<p>Sturdivant, who ordered the two pizzas for Hanyecz and received 10,000 BTC, ended up spending the funds on a business trip. He stated that he was proud to have had a role in the &ldquo;global phenomenon&rdquo; of Bitcoin. He also said that he would have held it for longer if he had seen it as an investment, and was shocked by the sudden surge of the Bitcoin market cap.</p>\n<p>The rise of Bitcoin&rsquo;s price was unprecedented at the time, given how niche the Bitcoin community was at that stage. As Sturdivant put it, it was hard to expect that Bitcoin would have the purchasing power to acquire real estate.</p>\n<p>Bitcoin Pizza Day has become a notable event in the history of crypto. It is celebrated on <strong>May 22</strong> every year.</p>","level":"medium","meta_title":"What is Bitcoin Pizza? 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However, the discussions can include all cryptocurrencies and blockchains.</p>\n<p>It was first created in November 2009, by the famous and mysterious Bitcoin inventor - <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">Satoshi Nakamoto</strong></a>. He previously used the Sourceforge forum to discuss the technology, nevertheless, it was lost.</p>\n<p>After Sourceforge was gone, Sirius created the Bitcointalk so that Nakatomo could continue his discussions. Not long after, the inventor of Bitcoin retreated from the public, and the forum became an unofficial Bitcoin-focused forum.</p>\n<p><em>Satoshi Nakamoto is a pseudonym for a person that developed Bitcoin and authored a bitcoin white paper after disappearing without a trace.</em></p>\n<p>Now, the domain name is owned by <strong>Sirius,</strong> also known as Martti Malmi.</p>\n<p>The main aim of the Bitcointalk forum is to gather a community of Bitcoin and blockchain enthusiasts where they can create their own threats on the topic and communicate with each other. The enthusiast-created threads cover a broad variety of topics, beginning with the foundations of how Bitcoin, blockchain, and other cryptocurrencies function. As well as how to get started with Bitcoin <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mining.

/n

Despite its enigmatic beginnings, this forum has evolved from analyzing Bitcoin to covering other major altcoins and stablecoins present on the market today. Furthermore, Bitcointalk was the first <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum announcement site.</p>\n<p>Another factor that contributes to this forum's popularity among users is the vast choice of languages available, which allows individuals from all over the world to participate in topic conversations. Searching through the whole database of themes and entries is really simple. So, there's no need to sift through hundreds of different postings to get the proper one because it has a rather comprehensive library of conversations.</p>\n<p>To start participating in conversations, a user can pay for copper membership to remove limitations and submit photographs. However, Bitcointalk has a set of community norms that everyone must follow in order to avoid being banned.</p>\n<p>Bitcointalk users that write threats can range from coders, experts, developers, and investors, to just anyone who is interested in Bitcoin, technologies, or investing.</p>","level":"medium","meta_title":"What is Bitcointalk? Definition & Meaning | Crypto Wiki","meta_description":"Bitcointalk meaning: Bitcointalk - is the leading online forum dedicated to Bitcoin-related issues and topics.","meta_keywords":null,"language":"en","created_at":"2022-02-14T14:26:28.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bitcointalk"},"prevSection":{"id":93,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Bitcoiner?","slug":"what-is-bitcoiner","section":"B","keyword":"Bitcoiner","status":"published","definition":"Bitcoiners are Bitcoin devotees that are heavily involved in the cryptocurrency sector.","content":"<p><strong>Bitcoiners are very engaged in the cryptocurrency world. </strong>Some of them might be holding their bitcoins for at least a decade. To be fair, these individuals tend to keep track of the ups and downs of the Bitcoin price, and either celebrate their recent profit or complain about the drawdown and their loss.</p>\n<p>Bitcoiners remain steadfast in their belief that, in the future, Bitcoin will continue to thrive in the <strong>cryptocurrency <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-market-capitalization-market-cap-mcap/">market cap</a></strong>.</p>\n<p>Another popular belief among Bitcoiners is that <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin will supposedly be the stepping stone in the political and financial system transformation. Besides, Bitcoin is <strong>a</strong> <strong>decentralized</strong> digital currency that doesn&rsquo;t have a central bank involved in its functions.</p>\n<p>&nbsp;</p>","level":"easy","meta_title":"What is Bitcoiner? Definition & Meaning | Crypto Wiki","meta_description":"Bitcoiner meaning: Bitcoiner - Bitcoiners are Bitcoin devotees that are heavily involved in the cryptocurrency sector.","meta_keywords":null,"language":"en","created_at":"2022-02-14T12:26:46.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bitcoiner"},"currentChapter":"B","currentSection":"what-is-bitcoin-pizza","chapterTitle":"B","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-bitcoin-pizza","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter B

What is Bitcoin Pizza?

Bitcoin Pizza MEANING:
Bitcoin Pizza - an event in Bitcoin history when Laszlo Hanyecz paid Jeremy Sturdivant 10,000 BTC for two pizzas.
Medium
2 minutes

Let's find out Bitcoin Pizza meaning, definition in crypto, what is Bitcoin Pizza, and all other detailed facts.

Bitcoin Pizza describes the object of a historical crypto transaction. On May 22, 2010, Laszlo Hanyecz posted on the Bitcointalk forums, asking if someone would be willing to order him two large pizzas for 10,000 Bitcoin (BTC). Jeremy Sturdivant saw the post and agreed to buy Hanyecz the pizzas.

The exchange marks one of the first real-world transactions in history. The most notable thing about this transaction was the amount spent. Bitcoin had only been around for a little over a year, having been launched in 2009. It would take another year, until 2011, before Bitcoin reached a one-to-one ratio with the USD.

At the time of writing, the amount Hanyecz paid is worth over $400 million, and the price of a single BTC is equal to $40,000.

Over the years, both Hanyecz and Sturdivant have made comments about the historic transaction.

Hanyecz stated that he did not regret the decision to spend crypto on the two pizzas, despite seeing the market cap growth. He said he saw no point to hold onto cryptocurrency without spending anything since that would make the whole system meaningless.

Sturdivant, who ordered the two pizzas for Hanyecz and received 10,000 BTC, ended up spending the funds on a business trip. He stated that he was proud to have had a role in the “global phenomenon” of Bitcoin. He also said that he would have held it for longer if he had seen it as an investment, and was shocked by the sudden surge of the Bitcoin market cap.

The rise of Bitcoin’s price was unprecedented at the time, given how niche the Bitcoin community was at that stage. As Sturdivant put it, it was hard to expect that Bitcoin would have the purchasing power to acquire real estate.

Bitcoin Pizza Day has become a notable event in the history of crypto. It is celebrated on May 22 every year.
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