As Bitcoin fans celebrate Bitcoin Pizza Day, which marks the 13th anniversary of Laszlo Hanyecz’s purchase of two pizzas for 10,000 BTC on May 22, a dormant Bitcoin wallet from July 2010 has made a move of 50 BTC after almost 13 years.
On May 22, 2023, people who support bitcoin will remember the moment when software developer Laszlo Hanyecz traded 10,000 BTC for two Papa John’s supreme pies. Hanyecz has said many times that he doesn’t regret the choice, which is worth $266 million at the current exchange rate.
Coinciding with the 13th-anniversary celebrations of Bitcoin Pizza Day, a long-time Bitcoin user spent 50 BTC from an address created on July 12, 2010. Hanyecz bought the first thing with his 10,000 Bitcoins just 51 days after he used them, and the coins are now worth $1.33 million based on the current BTC exchange rate.
This year, there have been a lot of transactions that used block rewards from 2011 or defunct bitcoin addresses from later years. However, so far in 2023, only four transactions have used block rewards from 2010. The address “1B67K” spent a block reward that included 50 bitcoin cash (BCH), which is worth $5,736 and has not been used.
Blockchair’s privacy tool found that the move didn’t have enough privacy. This showed “critical” problems that could be used to track an address. A “critical” rating means that Blockchair found things that seriously hurt the privacy of those involved. For example, matched addresses were found in the 50 BTC trade that happened on Monday.
On its chain parsing platform, Btcparser.com found a trade from 2010. It also found three other exchanges from the same year: one on March 20, 2023, another on February 1, 2023, and another on April 22, 2023. Before the event in February, a transfer of a block grant from 2010 happened on December 30, 2022. From data from the end of 2022 and the beginning of 2023, we can see that trades from 2010 are becoming less common.
Bitcoin Pizza Day: What Would 10,000 BTC Buy You Today?
One of the most important days in the Bitcoin ecosystem is the so-called Bitcoin Pizza Day. This day remembers the first registered transaction using Bitcoin (BTC). Now, the Bitcoin community continues to remember this day as it marks a very important milestone for Bitcoin to become what it is today. …
In "Breaking"
Why 10,000 BTC Pizzas Were A Great Deal and How Phemex Is Making It Better
We all know the story – in May 2010, Laszlo Hanyecz, a programmer from Florida involved in Bitcoin’s early development, purchased two pizzas for 10,000 BTC. Before the existence of reliable cryptocurrency exchanges, Bitcoin trades were conducted in the only way possible – direct communication. In fact, for the first…
In "Crypto News"
Crypto Community Celebrates Bitcoin Pizza Day After Nine Years
Today, the cryptocurrency community is celebrating the 9th anniversary of the first “real-world” Bitcoin (BTC) transactions. Known as Bitcoin Pizza Day, on May 22nd, 2010, the developer Laszlo Hanyecz paid 10,000 BTC for two pizzas. Since that moment, the crypto community remembers that transaction. Bitcoin Pizza Day Virtual currencies continue…
In "Breaking"
