Bitcoin Pizza
The first known real-world Bitcoin purchase: 10,000 BTC for two pizzas on May 22, 2010.
Programmer Laszlo Hanyecz paid 10,000 bitcoin to have two Papa John's pizzas delivered, arranged through a forum user who ordered them for him. At the time the coins were worth about 41 dollars.
The trade is now crypto folklore, celebrated every May 22 as Bitcoin Pizza Day. At later peaks those 10,000 coins were worth hundreds of millions of dollars. Hanyecz has said he has no regrets; someone had to prove the money actually worked.
Related terms
The smallest unit of bitcoin, equal to one hundred-millionth of a single coin.
Satoshi NakamotoThe pseudonymous person or group who created Bitcoin and then disappeared, leaving the project to the community.
HODLA long-term strategy of keeping coins through crashes and rallies instead of trying to time the market.
To the MoonAn expression of hope or hype that a coin's price is about to rise dramatically.