The Guy Who Paid 10,000 BTC For Two Pizzas.
The day globally known as "Bitcoin Pizza Day" is the most celebrated in the crypto world. On May 22, 2010, when bitcoin was a little over a year old. A programmer named Laszlo Hanyecz became the first person to use bitcoin in a commercial transaction. He bought two pizzas for 10,000 BTC.
A stable coin is a type of cryptocurrency that’s pegged to other stores of value like fiat currency, other cryptocurrencies or even commodity money like gold. The idea is that the value of these other assets would support the value of the stable coin and reduce volatility.
A British man took up Hanyecz's offer and got him two pizzas in exchange for the $10,000 BTC. The recipient of the Bitcoins got himself a bargain, paying $25 for the pizzas, while 10,000 Bitcoins were worth around $41 at the time.
Jeremy Sturdivant, then 19, who filled the bizarre request on a cryptocurrency platform did not save his Bitcoins for the future; instead, he spent it all on travel.
Never mind the $41 pizzas, if Hanyecz held on to those 10,000 Bitcoins, he’d have enough liquidity to own 1,880 Papa John’s franchise locations. If only he had a time machine.
Hanyecz maintains that he regrets nothing about making history as the first person to make a commercial transaction. Although the market value for Bitcoin has gone up.