Pizza paid with bitcoin

This is how the pizzas looked like at the time they were ordered in Bitcoin Magazine. The value of the crypto has grown rapidly over time. Obviously, the value of these same bitcoins increased significantly during the subsequent decade. Indeed, it did for me. On the same anniversary of the first Bitcoin pizza order, festivities continue for what has become a staple of crypto culture. PizzaDAO, the decentralized blockchain project that aims to link pizza lovers around the world with the technological possibilities of Web3, is celebrating Bitcoin Pizza Day on Sunday in traditional fashion.

But Hanyecz is more than just another bloke who threw away a fortune worth hundreds of millions of dollars worth of cryptocurrency. In fact, he was one of the earliest adopters of Bitcoin and is credited with devising the system for mining cryptocurrency using the added firepower of a computer's GPU.

In fact, Hanyecz reportedly exchanged notes about the underlying software and bugs with none other Bitcoin's enigmatic creator Satoshi Nakamoto. In his book Digital Gold, author Nathaniel Popper shared an email that was allegedly written by Satoshi and addressed to Hanyecz, in which the former expressed displeasure over creating a GPU-fueled system for mining Bitcoins. Satoshi was of the opinion that a GPU-powered system gives an unfair advantage to people who can afford expensive graphics cards.

Hanyecz appears to have a Twitter account where he is soliciting Bitcoin donations now that he's "poor," but the last tweet from the account is dated One can argue that Hanyecz's innovation has added to the woes of gamers across the world, who must now pay a significant premium for new graphics cards as they join the fight for purchase with cryptocurrency miners and scalpers alike.

The cruel turn of events is enough to give life-long trauma to any sane human being, and Hanyecz is no different. When asked about the toll it took on him during the popular 60 Minutes interview with Anderson Cooper, Hanyecz remarked that reminiscing about losing hundreds of millions over pizzas was "not really good" for him.

There's also a dedicated Twitter account called Bitcoin Pizza that has been updating the current price of the pizzas ordered by Hanyecz based on the latest Bitcoin-to-USD conversion rate. However, the last few weeks have been nothing short of a bloodbath in the cryptoverse. Since November, the crypto market has lost over one trillion dollars, with Bitcoin and Ethereum taking the biggest hits by scale.

The debate over the legitimacy and future of cryptocurrency in general, however, is still as hot as it ever was.

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