10 years ago today... The first real-world purchase using Bitcoin was made

in GEMS9 days ago

Happy Bitcoin Pizza Day!

On this date 10 years ago, the first ever real-world purchase using this newly created digital currency called Bitcoin was made.

The purchase was for 2 large supreme pizzas.

image.png

(Source: https://twitter.com/TheCryptoconomy/status/1263681503571124225)

The purchase of said pizza was for 10,000 bitcoins.

Which, at the time were worth somewhere between $10-$30, which seems perfectly reasonable for a pizza pie or two.

Here's the original solicitation:

image.png

(Source: https://twitter.com/Bitcoin/status/1263794609089585153)

This was a monumental moment in the history of the orange coin as it marked the first time a bitcoin had ever been used to buy a real-world item.

A strong of numbers on a computer had been traded to someone else for two pizzas which he could eat.

Unfortunately for him...

Those same 10,000 bitcoins are worth north of $90 million by today's prices...

Hopefully that same decade long holding yields similar returns again. :)

Stay informed my friends.

-Doc