Is Bitcoin a good investment?
Bitcoin’s high liquidity makes it an excellent investment vessel for those seeking short-term profit.Read more
How does Bitcoin make money?
New Bitcoins are created as part of the Bitcoin mining process, in which they are offered as a lucrative reward to people who run computer systems...Read more
How do Bitcoins work?
Each Bitcoin is basically a computer file that is stored on a smartphone or a computer ‘digital wallet’ app. People can send Bitcoins (or a portion...Read more
What is bitcoin Pizza Day and why is it celebrated?
Bitcoin Pizza Day is observed across the world on May 22. The day commemorates the first time cryptocurrency was used to buy products in the real world. Coincidentally, the first item that was bought with cryptocurrency was pizza! On May 22, 2010, Laszlo Hanyecz paid 10,000 Bitcoins to have two Papa John pizzas delivered.
What is the bitcoin pizza index?
The Bitcoin Pizza Index is derived from the first documented purchase using Bitcoins. On May 18th 2010 Laszlo Hanyecz made known on a forum at bitcointalk.org that he was willing to buy 2 pizzas for a price of 10,000 Bitcoins. At the time this was worth $41. Four days later on May 22nd the transaction took place.
What was the first time someone bought a pizza with Bitcoin?
The occasion commemorates an early cryptocurrency adopter who bought two pizzas using bitcoin on May 22, 2010. This was the first time anyone was reported to have to used bitcoin to buy physical goods (that we know of). The person in question was a Floridian programmer named Laszlo Hanyecz, who was also an early bitcoin miner.
How is the bitcoin community celebrating May 22?
Today, the Bitcoin community worldwide commemorates May 22 as the first recorded day that Bitcoin was used to purchase a physical good. The community celebrates by buying two pizzas and sharing them. Pizza restaurants also contribute to the celebration by offering discounts to customers who pay in Bitcoin.