The first items bought with Bitcoin

 On May 22, 2010, a programmer exchanged 10,000 Bitcoins for two pizzas. 12 years later, this is the equivalent of $300 million.

Before Bitcoin became the most valuable cryptocurrency in the world, it spent a long time being considered worthless. On May 18, 2010, computer programmer Laszlo Hanyecz posted on the bitcointalk.org forum that he was willing to exchange 10,000 Bitcoins for two pizzas. At this stage, 10,000 Bitcoins is equivalent to 41 USD, so not many people pay attention to his offer. On Wednesday, a forum member, Jeremy Sturdivant, then 19 years old and living in California, agreed to the deal.

Since then, May 22 is known as Bitcoin Pizza Day to mark the first time this digital currency has been used as a medium of exchange. 12 years after the first transaction, the Bitcoins that Hanyecz spent to buy two pizzas are now worth $300 million.

Laszlo Hanyecz exchanged 10,000 Bitcoins for two large pizzas on May 22, 2010.

Laszlo Hanyecz exchanged 10,000 Bitcoins for two large pizzas on May 22, 2010.

Having a large amount of cryptocurrency in hand, Sturdivant also did not become a "whale" or a cryptocurrency billionaire when that same year sold out to get money with his girlfriend to travel around the US.

After the first transaction of Hanyecz and Sturdivant, Bitcoin continued to be exchanged by the tech world in many strange ways before it became as popular as it is now.

Jeffrey Albus, editor of Cointelegraph, said that 10 years ago, he spent 12 Bitcoins on a steak dinner and three more Bitcoins as a tip for employees. "But maybe the waiter didn't notice it. At that time, the value of 15 Bitcoins was so small that it was not enough to pay for dinner, I had to make up for the shortfall in cash," Jerrey said. Today, that steak dinner is the equivalent of half a million dollars.

Scam warning expert Felix Crisan said he also spent 50 Bitcoins (currently worth $1.5 million) to buy modules and develop new software for the company in 2015. A year later, he spent one Bitcoin. bet on who is the next US President and lose the bet.

Meanwhile, Danny Scott, CEO of the famous UK exchange CoinCorner, spent 700 Bitcoins to buy an album by rapper 50 Cent. Julien Liniger, CEO of Swiss exchange Relai, also expressed regret over buying a hoodie for 0.1 BTC. And Molly Spiers, head of marketing at CoinCorner, bought a cat postcard for 0.009 BTC (equivalent to 270 USD today), then lost it.

The interesting story of the first people to own Bitcoin must be Didi Taihuttu - who is world famous for selling all his assets to buy Bitcoin. In 2013, he became a miner, earned 2.75 Bitcoin but quickly sold it when the price of this coin reached 200 USD. He used the money he earned to invest in Dogecoin. Like many others who have sold cryptocurrencies for cheap, Taihuttu deeply regrets that four years later, the price of Bitcoin has increased 10 times.

In 2017, Taihuttu sold off the family fortune to bet on Bitcoin. At that time, Bitcoin reached 900 USD each. Taihuttu started using the money he earned from trading cryptocurrencies, took his wife and children to travel around the world, and became known as the "Bitcoin family". Taihuttu said he spent over 9 BTC ($270,000) on the family adventure.

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