Do you know what two pizzas from Papa Johns, purchased with Bitcoin several years ago, would be worth today? How about $73,350,000? That's what the 10,000 Bitcoin Laszlo Hanyecz spent on two pizzas in 2010 are currently worth. Hanyecz became Internet famous as the first person to purchase physical goods with Bitcoin when he traded Jeremy Sturdivant digital tokens for two pies from Papa John's on May 22, 2010.
Things have certainly come a along way since that day. The price of Bitcoin has skyrocketed, fell back to earth, and launched again on multiple occasions. Bitcoin has been used to make real estate deals, book flights, and make purchases on the infamous Silk Road. Throughout the ups and downs, Hanyecz has remained a staunch believer in Bitcoin. The computer programmer from Florida still maintains his own stash of the cryptocurrency and uses it on a daily basis.
Laszlo recently stated that he has little desire in the crop of altcoins that have sprung up in the wake of Bitcoin. He considers most of them to be a cheap imitation of the real thing. Hanyecz considers his involvement with cryptocurrency as a side project to his full-time job, but he seizes every opportunity to educate others about the potential benefits of a cashless society. He recently helped the company he works for integrate the acceptance of Bitcoin for payments.
Laszlo Hanyecz could have been a millionaire many times over had he stifled his hunger back in 2010, but he doesn't regret spending the money. Hanyecz is glad that the purchase helped to establish Bitcoin as a legitimate means of exchange. He also authored the code for the first GPU miner, so the Bitcoins he spent were the result of his own mining efforts.
While Hanyecz is still bullish on Bitcoin, he believes that better processing methods are necessary for the coin to gain more mainstream adoption. In time, faster processing could make cryptocurrency transactions as effortless as making a purchase with a MasterCard or Visa.