BLOCKONOMIST
Read News

Read News For Me

A priceless pizza purchase

While bitcoin has made many individuals rich, the money has additionally created a lot of ghastliness stories. The $100m pizza is another of those stories that the bitcoin network keeps talking about. 

Back in May 2010, programming engineer Laszlo Hanyecz made the first ever Bitcoin exchange utilizing the cryptocurrency when he bought two pizzas at an expense of 10,000 bitcoins. At that point, the coins were estimate to be around $40. Nonetheless, bitcoin's stunning development implies that those pizzas have wound up costing Hanyecz a reasonable loss. 

With one bitcoin's value at around $11,650 at present, those 10,000 bitcoins would be worth more than $11.6 million today.