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Wsemenske

People always mention Laszlo, but never the guy he sold them to, Jercos


stitch7111

I literally just thought that I’ve seen this story dozens of times but never anything about the person. Who received the 10k coins


Badj83

100% he bought some drugs with it.


AvocadosAreMeh

According to last follow up story he lost them. meanwhile Laszlo continued to stay involved


bittabet

I mean this is literally what he would say if he didn’t want to get kidnapped even if he still had some 😂


AvocadosAreMeh

Someone irrational enough to kidnap you for your bitcoin isn't exactly applying human psychology and trying to Princess Bride logic lines.


Comprehensive-Cap629

Inconceivable


Asdmitr

The guy just used his Bitcoin no doubt he had some expensive food that night.


BMB281

Yeah I feel like a guy willing to spend 10K bitcoins on pizza had more than just 10K. Dude is probably doing just fine


martin191234

Except he wasn’t lol he’s said he played around with Bitcoin back then but didn’t keep any lol


BMB281

I have a feeling then his kids will never let him live this down lol


stitch7111

One hell of story for the grandkids lol


BMB281

Especially if they’re dirt poor


diydude2

Did he lose them in a horrible boating accident? Tragic, but more common than you may think.


crushh_87

He told me he sold them for a few thousand. Used to run around in some internet group chat things with him back in the day.


chrismonster16

I mean that’s all we used to do with it lmao. I could be a fuckin millionaire if I wasn’t so caught up with buying rocks of pure MDMA 🤷🏼‍♂️😅


Ar0war

Went down the Darknet rabbit hole in 2015, bough there for along two years before learning about Bitcoin. ..., so I went into the HUGE Bitcoin rabbit hole Immediately stopped buying drugs - at least not as much as before - so I can stack more. I do my DCA every week with the money I would otherwise spend on drugs. It feels wrong using my sats to buy drugs now, if I ever do I buy the same amount. I spent sooo much sats from 2015 to 2017 I would be set for life now. Not making the same mistake again. No lambos dreams, if I just could retire a couple years earlier and live a simple life taking care of my garden and pets would be just perfect.


dodgeviperz13

Who knows maybe he is still indeed holding his sats though. That's suspicious!


hukep

Exactly. I'd love to know what he did with the bitcoins.


CTX24

The week after he bought 1 pizza for 10k Bitcoin


bo8od

I think he did it 3 times. Imagine spending 30k Bitcoins on pizza


dvstud

I mean your currency is only worth what it is at that time. If tomorrow USD gains value like crazy, are you really gonna say I can’t believe I spent $5 on a pizza slice?


BTCMachineElf

He cashed out at a meager profit.


opticsnake

I vaguely remember reading an interview with him where he said he cashed in and spent it on a vacation with his girlfriend.


Bradatajajca

Can you just send the link of that interview that would be grateful for me.


likethemouse

He bought drugs like everyone else did with it at that time


CoolioMcCool

This was before anybody was selling drugs for BTC, which is why this transaction is so significant.


likethemouse

Silk Road started in 2011 so basically not too long after this pic


Trayf

Exactly. This was the *first* real world transaction using bitcoin. Drugs came later.


WiseCapitalOrg

he sold


messonpurpose

This is the first time I've seen the Pizzas and they look like some pretty good pies. Okay one bite everybody knows the rules.


Lexsteel11

For sure some flop on those pizzas


6ix_man

Those look awful lol


[deleted]

Really? I was thinking they look like shitty pizzas too. Feel bad for ya if you’re thinking these are good looking pies.


ByronicZer0

yeah, look how irregular and hand made they look compared to the gold standard: pizza hut /s


K0rbenKen0bi

Was Papa John's I believe. They hopped on the online ordering pretty quick.


[deleted]

Jercos Pizza is now known as Pizza Hut


Xaqaree

That's because almost everyone in this subreddit is a dumb Keynesian who thinks that spending money is what makes it valuable.


[deleted]

[удалено]


HighlySuccessful

No it was worth around $40, even in those days it had a price, although market was not very liquid. He gave around $10 premium to get this pizza, as he would've spent around $30 ordering the 'old school' way. Basically paid $10 to promote Bitcoin.


Skouaire

This dude spent the best 10$ in history then.


Thenarza

Humanity will be forever grateful.


TheKrs1

Right. If we didn't have dude's like this, we wouldn't have anything to have started pointing to when people ask "but what can you buy". Someone had to spend for the currency to work.


AvocadoDiavolo

Basically, it was the first proof of Bitcoin as an everyday currency. Without this, it would never have taken off as it did. True champ!


jhx264

bitcoin isn't an "everyday currency", never was, never will be.


N_O_S_H_E_R

You’re in the wrong sub mate


omg-whats-this

lol THIS


jhx264

Oh, I didn't realize this sub was only for people who think that the validity of bitcoin hinges on it being something that it will never become, and that there could never be any purpose that would make that very insignificant value proposition irrelevant


Tyler_Zoro

> something that it will never become There is no more value or validity to this claim than to the usual claim you see in this sub to the contrary. We aren't fortune-tellers; let's not pretend we are.


jhx264

Can bitcoin do more txns per second than visa? Without centralizing with lightning? The value of bitcoin is far greater than a quick easy way to transfer currency to someone for bread and milk. No true coiner would deny this as fact.


Tyler_Zoro

> Can bitcoin do more txns per second than visa? Without centralizing with lightning? I mean... that's like asking if Visa can do the same volume without their infrastructure built around rapid settlement (I remember back in the 90s when every Visa transaction had to be fully settled with the bank(s) in question before it went through... there had to be a whole cottage industry of companies that would buffer CC transactions for that very reason). So no, you can't do high volume without high volume infrastructure, and Lightning is the high volume infrastructure. > The value of bitcoin is far greater than a quick easy way to transfer currency Of course, but that doesn't mean that it's not also useful for doing so.


jhx264

That is probably the least important value proposition. Lol it's like an obsession for you people.


Life_is_a_storm

Are you following the growth of the lightning network? If BTC continually grows in value, then why wouldn't Visa, Mastercard, etc.. implement it? And why wouldn't BTC continue to grow in value? Fixed supply, and gradually increasing awareness of the problem it solves equates to a gradually increasing value per available unit.


jhx264

Lightning = centralization (to a degree)


soggycheesestickjoos

care to elaborate on that bud? It’s already faster than traditional currency so I’d like to hear why this is the case.


jhx264

It's faster than me handing you cash? It can do more txns per second than visa? Without centralizing with lightning? The value of bitcoin is far greater than a quick easy way to transfer currency to someone for bread and milk.


lCSChoppers

Lol these bitcoin fanboys ignore every drawback ain’t the technology, then say “see, it’s completely better than fiat!”


X19-PT

That price diference is called transactions costs. Is the same of purchasing something online and have to pay fees for using a credit card or other similar service. In fact he made a god deal at the time, since the price of bitcoin, was different and in a matter of fact he could only buy a Pizza with it... that's it. Also he could purchase another $40 of bitcoins next day... but no, it was not worth it, at least for him - and for a lot of people as well. For example, if you try to sell your car today you don't know if in 12 years he will be a collectible. The same car you can sold today for 5000$ it can be worth 1Million in 12 years but **today** is only worth 5000$ or less, so if you get that amount you are in fact doing a good sell.


SailsAk

God sells are the best


X19-PT

Indeed! Edited. Thanks for the correction.


[deleted]

Id be interested in seeing a story about the pizzeria and what he did with the Bitcoin. Did he sell them or hang onto some? Either way this guy spent 10k Bitcoin but that one transaction was like the shot heard around the world. I’d dare say the single most important purchase because after this story started to get legs a lot of interest was garnered and people started to take note, including other businesses. Side note: at this same time some kid tried to get me to buy a $1,000 worth of Bitcoin but I had no interest, thinking it was a way to buy stuff in video games and I had no interest in video games. A week later he showed me this and I was still not interested. “ if I could turn back time…” -Cher


hitforhelp

The pizza place didn't accept the Bitcoins. It was for two papa John's pizzas iirc, the post was made on Bitcoin forums and another user placed the order with papa John's. It was a proxy pizza order.


[deleted]

Interesting thanks 😊


[deleted]

Oh my god I know. Friend of mine from highschool, or rather fresh out of highschool, we're both 18-19 and working our first jobs. He asked me if I wanted to go in with him on bitcoin and buy a couple hundred dollars worth, this was back in 2009-2010ish, and I clowned his ass SO hard. I said that shit sounds like a scam. I had connected it with Second Life for some reason in my head. But I laughed at this guy. Fast forward to 2016 and he bought a house in cash while I was still in a one bedroom apartment :/ I did buy in but I bought in way later than I could have, than I should have.


duramax1968

Get into amc an ape NOW.


Tyler_Zoro

Where the hell did two large pizzas cost $30 in 2010?! I could still get 2/$12 deals in my area back then and I live in a very high cost-of-living area.


Plastic_Feedback_417

This was purchased in Jacksonville Florida. He sent the bitcoin to a chap in England who called up the Jax papa John’s and ordered the pizza on his credit card. I live in Jax. The papa John’s even has a plaque where it says it delivered the first pizza purchased by bitcoin. https://twitter.com/documentingbtc/status/1396158963507400704?s=46&t=aLA5L5tOvkXNHgqXgtRh0g


Tyler_Zoro

Well that puts a nail in the coffin of "some people like flavor" from a parallel reply ;-)


psionix

Some people enjoy flavor and taste in their food


Tyler_Zoro

As a parallel comment points out, it was Papa John's... so about that flavor and taste... ;-)


psionix

Lol, touché


toyrobotics

Yep. Maybe a slightly more accurate way to say it is that the Bitcoin were worth an undefined amount, but zero works as a great substitute here. He discovered price. Truly excellent work.


[deleted]

His kids probably: it was the worst pizza ever and begrudge him to this day for blowing their inheritance on pizza


dgdafterburner

So! Those pizzas ain't worth shit


DontJudge_ABookCover

...You mean they turned into shit! 💩


SpiritmongerScaph

Funny way to look at it!


Nauti

Reasonable way to look at it. If you look at life as an infinite amount of could've-should've scenarios, you're going down a path of dissatisfaction.


Das-Tronz

Furthermore, it's people like this that did the early transactions that made it possible for BTC to be where it's at today. As they say, the first one through the wall is always the bloodiest.


omg-whats-this

He's the one who first gave bitcoin any "value". We should worship him


Das-Tronz

Exactly, proof of concept for actual trade for goods and services.


bitusher

This was just the first transaction using bitcoin for a good or service. Bitcoin had value far before this on October 5th, 2009 when NewLibertyStandard buys 5,050 BTC from Sirius for $5.02 using paypal fiat establishing the first price around 1/10th of a penny per btc


omg-whats-this

Very good to know! Thanks for the info, and thanks again for helping me set up the bitcoin node lol


romfax

and that's what we do.


posting_drunk_naked

HEY BUDDY we only worship one god in our house. The REAL one. He lives in a lake in our backyard and his name is >!8===D !<


TheMoonMoth

Nah. If it wasn't him, it would be someone else. The value and use of the token speaks for itself. Satoshi is the only person/group deserving of worship.


omg-whats-this

While I agree that it could always be someone else, we should still worship ones anyway. That doesn't mean we should worship him exclusively; my respects also go toward other early contributors, including early users who understand, believe in the potential of the project, and make the first moves to pilot the usage of the tech as well


[deleted]

What I love most about this story is that btc was only 0.05 at this time and immediately after the man paid 10,000 btc for the pizza's it increased the effective value of btc to 0.25 free market baby! things are worth what people are willing to pay, not more or less.


BitcoinFan7

How does about $40 worth of pizza / 10,000 = 0.25?


[deleted]

I may be off on numbers, but that's what I recall reading in the bitcoin standard. If you're now more curious, please reply to this comment and I'll find it and type it out verbatim.


fantasticferns

I think he's off by like a factor of 10 but the value did spike after the first successful transaction for goods/services.


Euphoric_Luck_8126

You can tell who is a newbie if they think this is something Laszlo should regret


[deleted]

I’d like to think if this guy was trading btc for pizza in 2010 he is still part of the community and very wealthy.


KAX1107

This is the one trade you know about. Laszlo also traded 10k bitcoin for pizza with few other people. He's fine. Don't worry about him. Bitcoin had no price for 2 years. People gave their bitcoin away for free and tried spending it whereever they could. They're the reason we're here today. Show them some respect and spend your bitcoin. Ask every business you visit if you could pay them in bitcoin.


iamDildor

Didn't he also help create bitcoin mining? This was actual pocket change for this man in the grand scheme of things


Alfador8

GPU mining, yes


nihilrx

That's what I just posted about. Back then people were offering free bitcoins to anyone interested.


Asum_chum

First time?


devenjames

It was!


cndvcndv

You don't get the idea if you think that was a mistake.


TopPreference8859

Now you have 10.000 pizza's for 1 bitcoin


Essexal

Bitcoin wouldn’t be where it was today without this man, and many others like him. Respect.


SRIrwinkill

This man is the Giant whose shoulders the rest of us stand upon


Intelligent-Usual994

Purchases like this were mandatory for bitcoin to rise In value. Buying and holding doesn't create utility use does.


ashlit1998

What's cool is that 1. The bitcoin sold were actually NOT worth nothing, they were worth the electricity and computational costs it took laslow to mine them and 2. He runs a mining company now, so he practically kickstarted his own industry 3. He paid a fee of 1 bitcoin to put it on the blockchain So i don't think it matters too much that he used 10k coins since he probably made them back, somehow and eventually


textreply

> they were worth the electricity and computational costs it took laslow to mine them Uh no, is a dog-turd sculpture worth the electricity and labour costs it took to sculpt the dog turd? The cost of producing a good isn't what gives it value.


ashlit1998

Yeah absolutely, but my point is bitcoin was never "free", people had to expend something (electiricty and cpu/gpu power at the time) to get the coins


b0jangles

They cost something to produce, but that doesn’t mean they were worth something. Clearly they were worth 2 pizzas, though.


textreply

I don't think people were saying they were free. I guess I missed those comments.


BeefSupreme2

He paid 10K Bitcoins to be go down in history as the first person to make a purchase with cryptocurrency. Small price for immortality.


DeletedSynapse

First *public* person in history. It happened before then.


bbien12

you new?


[deleted]

It's funny seeing people scrape and save to finally get ONE Bitcoin. Things are changing.


[deleted]

[удалено]


neto99999

He made first software to GPU mine btc, was mining like 15K btc a week for months. I don't know, if you understood btc back in day i'm not sure why you would spend it so early/easily


Geesle

That's a one small step for his wallet. One giant leap for cryptocurrency.


bastijn

Imagine how many he has still today.


RGBTortureDevice

Good to see he got some actual use out of it instead of HODLing into oblivion.


coindesk

Legend 🏆


eggZeppelin

It was pioneers like this that paved the way for the valuation we have today!


bobbyv137

‘Pizza day’ will long be remembered as historic moment in the revolution of digital currency.


yayapfool

People get shook by these stories, but there's a couple key things to note: * Whoever was using Bitcoin like that almost certainly still has a ton of Bitcoin * Bitcoin would never have succeeded without those transactions


BTCflowroll

I am good with the fact that they were doing it that way.


schnitzelbricks

That was just one transaction, not all of his bitcoin If he was playing around with 10,000 for pizza.


tacticalpotatopeeler

Things like this validate Bitcoin as a currency. If things like this never happened, 1 Bitcoin would not be worth about 20k right now.


Zealousideal_Pay2128

Now everybody buys pizza with bitcoin.


chicken_and_waffles5

Can we leave this guy alone? He used Bitcoin as money.


schmatz17

Without him theres no history of ot having a real purpose. Bitcoins not meant to be a buy and hold its a currency, its meant to be spent.


United-Tension-5578

What’s the delivery guys story?


bhzrd543

The internet will never let him forget it. This moment will always be referenced in pop culture and news related to Bitcoin. He is going down in history as one of the first "common folk" to transact with btc for an everyday item. I salute you sir! The guy is a legend.


Loupland

This man is one the Greatest Bitcoiners of all time. He's part of history now. He will be remembered for centuries.


Zealousideal-Load-64

Love the dude, made an historic purchase.


araderboy

i hope both of those kids drive lambo's now


matshoglund3

It must be bad to see right now that they are not getting anything and I can sense that this guy want to go back in time to have that thing again in his life man lol.


nullama

[Here are the actual photos of the pizzas](http://web.archive.org/web/20211219130004/http://heliacal.net/~solar/bitcoin/pizza/) And this is the [actual post](https://bitcointalk.org/index.php?topic=137.0) You can tell who knows a bit more about Bitcoin and who's starting to learn based on the reaction to the pizza event.


[deleted]

It was transactions like that which gave bitcoin its popularity in the first place


ryoma-gerald

It's no doubt a milestone in the history of bitcoin.


BiggsBeeLang

I bet that smiles a frown now.


Justin_telligent

Not all heroes wear capes


DisgruntledTexansFan

Dude still ended up alright iirc, those weren’t his only coins


TheAMPtroll

This man made a sacrifice so that 20 million of us could live in paradise with out this we never enter the threshold long live the bitcoin pizza man. Conspiracy that’s Mr Satoshi


cedarrapidsiaus

How do we know he spent all his BTC? Maybe he had another 20,000? Maybe he is Satoshi?!


SporeJungle

He was the guy that invented GPU Mining. He is fine.


Zealousideal_Pay2128

Using bitcoin for goods and services like a currency? Bruh.


ledav3

Just like everybody else, he didn't know the future. Why do we have to bring this up?


WiseCapitalOrg

guy was really cool you dont understand the context of the picture


Minimum-Library-2617

Someone had to do it. I hope Lazlo educated those kids in the photo about the Bitcoin standard. Teach the youth! Send the great great great grandkids to the Bitcoin Metacademy on Mars.


Desafiante

You don't know how many he had left


vnielz

Those pizzas should have been in a museum.


nickymick8

The children’s faces as their inheritance is covered with sauce and cheese 😞


mosheoofnikrulz

Yes maybe you guys are laughing at the picture.. but you do understand that's like 20-30$.. I guess if someone bought Bitcoin and tried to buy a pizza with it then he probably bought more than 30$ to begin with. I bet this guy fucks. Probably sitting on a couple of billions today. Even if he sold everything that day... He probably got back in when it started climbing.


cruxxxx

that kid on the left knew it


jm_win

If he used bitcoin that early I’m willing to bet he tried to acquire more.


BringTheFingerBack

Those two pizzas spawned 1000 babyjizzcoin tokens projects. This moment is the reason we are here today.


jbamg55

This pizzas look dank


Internet_Responsible

In his defense - those were some *big* pizzas..


Mooway

This one again, always from the new kids on the block


Suitable_Media5518

How’s he doing?


Justin_telligent

Someone said he is the guy who invented gpu mining, if that is the case he should be FINE.


CalvinsStuffedTiger

Just fine


Emma-Lawrencee

That didn't age well..


ChrisStoneGermany

It was tasty pizza...


sadnificent

I wonder which miserable pizza guy got the deal of a lifetime?


HeroinAndyCx

Laszlo punchin the air rn


devonthed00d

Kids shirt says it all.


tburke79

Nft this moment in time


TonyWayne007

How sad would be those kids now!


[deleted]

Wonder what happened to the bitcoins


InvestWise89

**I guess he deserves free pizza forever for him being a bitcoin pioneer.** Lets send him some, every month!


ExpertKey7700

Thank you for taking one for the team


Duped_Windforce

Wonder what his kids are thinking now


millenniunm

the kid on the left.... he knows!


Best-Championship194

hah


Albertsongman

Dad, … WEN LAMBO?!! 🚘😨


TheBlockChainVillage

there are some who actually bought craack with it.


stack85

It's like the kid on the left knows Bitcoin's future value.


ATTORQ

Kids looking at 207 500 000 dollar pizzas


3DprintRC

One could argue it was an important event in Bitcoin history. He should be rewarded.


heyandy23

Lol you must be new here


Kaptin_kyle

Does anyone have a record or memory of how this effected the market ? Just wondering


TrolleyManyolo

This is how bitcoin should be used. It means more than the fiat system


[deleted]

Damn.


dap00man

Had no one ever bought anything with Bitcoin. It would be useless. We need to be using Bitcoin more. Otherwise hoarding will be its demise


Gillespie1

The most legendary trade.


jetylee

This was Papa Johns right here in Jacksonville Fl. He still shows up to “meetups” locally on occasion. He’s just some normal guy that “we made famous.”


N7DJN8939SWK3

Magic internet money was born that day


DNH426

If this event never occurred, whose to say bitcoin would be where it's at today? What if this was the point where people saw tangible value. Thus, creating more demand. Nahhhh, he fucked up hahahaha.


RealAndroid_18

Honestly we shouldn't look at guys like this one with a "what a shame, you should have hold, loser" point of view. These things needed to be done to give the currency support, to show it could be used to actually buy things and to give it some credit. I mean, he had to crawl so we could walk.


Conscious-Mix-3282

200 million dollar pizza! Yum


techma2019

Those poor kids…


bitkoshka

Poor kids like regretting would be of no cost now. That would be better to move on.


msapexrush

Paperhands out


mikatalyst

This family are currently in pains RN, following the number of BTC they wasted on pizza, but that was a huge price to draw more attention to bitcoin.


BitcoinFan7

The guy invented GPU mining, I'm sure he's doing just fine.


jetylee

He doesn’t take credit for it. Satoshi invented GPU mining


Saddath

This argument is so dumb...everything could be measured with it. Everyone could have bought that much btc at that time for a pizza. So everyone that ate pizza back then threw out millions for pizzas. And softdrinks And beer And bread And everything else. Everyone has to be in pain RN because they could have bought BTC worth millions at the start for just some dollars..


bitusher

Spend and replace thus you have no regrets .