The World of Cryptocurrency - BTC 1st Transaction

in #bitcoin7 years ago

Bitcoin is extremely expensive and its price still surges up. We hardly afford to buy a single bitcoin not unless if you are that wealthy to buy one. We just bought a piece of it and invest in several lending platforms, stake or just hold it and wait for the price to surge up higher. Nowadays, bitcoin is a treasure and this is I think the first in history that a virtual thing is so expensive on a global scale. We are so lucky if we own even one bitcoin since there are so many ways to double or even triple its price in a short period of time. I am just wondering how they treat bitcoin way back in the time when bitcoin has just started. In the time that it is ignored and no value at all.

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On 22nd of May 2010, in the time when bitcoin is just a year old - a certain Laszlo Hanyecz made the first transaction of bitcoin by asking his fellow enthusiast to order him two Papa John's Pizza in exchange of his 10,000 mined Bitcoin. That time, Bitcoin price is just $0.008 per coin and 5 days later of that pizza story, the bitcoin price surges 1000%. Today, Bitcoin is at $16.5k per piece and still rising. I am just wondering if Laszlo Hanyecz is in deep regret on what happened 8 years ago, he just simply dumped 10k bitcoin on two pizza's - In today's price, that 10,000 BTC is worth $165M+ of treasure, or maybe he is not totally regretful since he has a lot BTC in his wallet.

This pizza thing is considered as the first real-world transaction in bitcoin history and some do celebrate it as bitcoin pizza day.

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Wish I would have known about Bitcoin in 2010!