Cryptocurrency Q&A
What was the first real-world bitcoin transaction?
What was the first real-world bitcoin transaction?
CryptoPioneerGuard
Wed Jul 10 2024
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7 answers
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Can you elaborate on the groundbreaking moment in cryptocurrency history, specifically the first real-world bitcoin transaction? I'm curious to know what motivated the exchange, how it was executed, and its significance in the evolution of bitcoin and digital currencies. Did it involve a physical good or a service? What were the challenges involved in such a transaction, and how did it pave the way for subsequent bitcoin transactions and the broader acceptance of cryptocurrencies?
7 answers
mia_rose_painter
Fri Jul 12 2024
In a historical milestone for the cryptocurrency world, Florida-based programmer Laszlo Hanyecz executed a transaction that bitcoin enthusiasts consider the first real-world application of the digital currency.
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CherryBlossom
Fri Jul 12 2024
The transaction involved Hanyecz paying an astounding 10,000 bitcoins, a substantial amount even by today's standards, for a simple yet satisfying meal.
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Andrea
Fri Jul 12 2024
His choice of meal was two pizzas from the popular pizza chain Papa John's, a testament to the universal appeal of pizza.
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Giulia
Fri Jul 12 2024
However, the transaction itself was not straightforward. Due to the nascent nature of bitcoin at that time, Hanyecz could not directly order the pizzas with his bitcoins.
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DongdaemunTrendsetting
Thu Jul 11 2024
Instead, he sent the bitcoins to a volunteer located in England. This individual, acting as an intermediary, then placed the order for the pizzas using a credit card.
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