26 Mar '13, 2pm

#bitcoin

#bitcoin

It is widely believed that the first real-world bitcoin transaction took place on May 21st, 2010. Laszlo Hanyecz, a programmer living in Flordia, sent 10,000 bitcoin (BTC), the online-only, open source cryptocurrency , to a volunteer in England, who then spent about $25 to order Hanyecz some Papa John's. Hanyecz then uploaded the image above as proof that the transaction had been successfully completed. It was a major milestone in bitcoin's short history. And as of right now, it cost Hanyecz three-quarters of a million dollars. You are looking at a $750,000 pizza. Thanks largely to the financial crisis in Cyprus, which has spurred Europeans to buy up bitcoins at a blistering rate , a single BTC is now worth a record 75 US dollars. But three years ago, when the currency was unveiled in February 2010, one bitcoin was worth just $0.03. For months, it stayed that way. Programm...

Full article: http://motherboard.vice.com/blog/this-pizza-is-worth-750000

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