Bitcoin Pizza Day Is A Celebration of Agorism

Today is the ninth anniversary of one of the most famous and what is generally considered the first commercial bitcoin transaction. in 2010 Laszlo Hanyecz, who is a Bitcoin miner, paid 10,000 BTC (about $40 USD) for two Papa Johns pizzas.

“I wanted to do the pizza thing because to me it was free pizza,” Hanyecz explained. “I mean, I coded this thing and mined bitcoin and I felt like I was winning the internet that day.” Laszlo told Bitcoin Magazine recently.

Today that 10,000 bitcoin would be worth approximately $80,000,000 USD.

Today is the 9-year anniversary of Bitcoin Pizza Day. How did it come about? Laszlo Hanyecz explained it to 60 Minutes
— 60 Minutes (@60Minutes) May 22, 2019

Laszlo Hanyecz talks to Anderson Cooper on CBS 60 Minutes last week.

When Anderson Cooper asked him how he feels that he blew all that money on pizza Laszlo replied, “It’s not good for me to think like that,”

“I don’t regret it. I think that it’s great that I got to be part of the early history of Bitcoin in that way, and people know about the pizza and it’s an interesting story because everybody can kind of relate to that and be – “Oh my God, you spent all of that money!” Laszlo told Coin Telegraph last year.

Laszlo isn’t just some early adopter of bitcoin, he is one of its innovators, he helped develop bitcoin core for Mac OS and he is also the inventor of “GPU mining” which is basically setting graphics cards in computers to do the heavy lifting in the mining of cryptocurrency. You can read more about Laszlo’s contribution to the bitcoin landscape in his recent interview with Bitcoin Magazine.

What we here at SITC love about Laszlo is that he was one of the first bitcoin agorists participating in using the blockchain for counter-economic activity!

Bitcoin Pizza Day isn’t just an acknowledgement of a historical moment, but a celebration of agorism.

To read more about agorism check out our Economics Blog