On May 22, 2010, Hanyecz asked a fellow enthusiast on a bitcoin forum to accept 10,000 bitcoin for two Papa John's Pizzas. At the time, Hanyecz believed that the coins he had "mined" on his computer were worth around 0.003 cents each. 
 
 Bitcoin mining involves solving a complex mathematical solution with the miner being rewarded in bitcoin. This is how Hanyecz got his initial coins. 
 
 The cryptocurrency has many doubters as it continues to be associated with criminal activity, but it has still seen a stunning rally. Here are two facts, on Bitcoin Pizza Day, however, that highlight this: 
 
 While being worth $30 at the time, Hanyecz pizzas would now cost $22.5 million at current bitcoin prices. 
 
 If you bought $100 of bitcoin at the 0.003 cent price on May 22, 2010, you'd now be sitting on around $75 million. 
 
 A number of factors have been driving the rally: 
 
 Recently passed legislation in Japan that allows retailers to start accepting bitcoin as a legal currency has boosted trading in yen, which now accounts for over 40 percent of all bitcoin trade 
 
 Political uncertainty globally has driven demand for bitcoin as a safe haven asset 
 
 A debate within the bitcoin community about the future of the underlying technology behind bitcoin known as the blockchain has been taking place. There was fear at one point this could lead to the creation of two separate cryptocurrencies but those worries have largely subsided with an alternative, more palatable option now being put forward. 
 
 For an in-depth look at the factors driving bitcoin, click here. ||||| Image copyright Getty Images Image caption Bitcoin's value has fluctuated sharply over the last four years 
 
 The value of Bitcoin has hit a new high with each individual coin now worth more than $2,100 (£1,615). 
 
 The valuation caps a strong month for the virtual currency, with its value growing by more than 65% in a month. 
 
 The steady rise in value is believed to be linked to policy changes in Japan and China that have made it easier for speculators to trade in bitcoins. 
 
 Many other virtual currencies have also enjoyed a sustained rise in value over the last few weeks. 
 
 Bitcoin first broke the $1,000 (£768) barrier in November 2013 but its value has fluctuated wildly since then. For instance, in early 2014 one bitcoin was worth only $280 (£215). 
 
 And at the end of 2016, each one was changing hands for about $900 (£690). 
 
 Unsustainable bubble 
 
 Bitcoin emerged in 2008 and is a digital currency based around cryptography. Individual coins can be split into smaller denominations and many people involved with the currency use computers to verify the globally-held log, known as the blockchain, of who spent what where. 
 
 Verifying transactions involves solving a complicated mathematical problem and the first person to do so gets rewarded with bitcoins. 
 
 Rising interest in bitcoin has sparked the creation of many other crypto-currencies. These have proved popular as the technology underlying bitcoin has struggled to cope with its popularity and growth. One estimate suggests bitcoins now make up only 47% of all traded crypto-currencies. 
 
 Rivals such as Ethereum and Ripple have been gaining value far faster than bitcoin over the last few months. 
 
 The surging valuations has led some commentators to suggest that an unsustainable crypto-currency bubble is developing. 
 
 "The question is not if but when the market will turn," said an editorial in The Economist. ||||| laszlo 
 
 
 
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 Full MemberActivity: 199Merit: 319 Pizza for bitcoins? May 18, 2010, 12:35:20 AM Merited by Seccour (50), Vod (20), alani123 (12), OgNasty (10), the_poet (10), Totscha (10), arthurbonora (10), leps (10), mnightwaffle (10), cheefbuza (7), d5000 (5), Betwrong (5), mia_houston (5), krogothmanhattan (5), klondike_bar (3), nutildah (3), vapourminer (2), gbianchi (2), bones261 (2), LoyceV (2), malevolent (1), EFS (1), iluvbitcoins (1), ETFbitcoin (1), S3cco (1), HI-TEC99 (1), jacktheking (1), bitart (1), batang_bitcoin (1), Astargath (1), coolcoinz (1), apoorvlathey (1), TheQuin (1), Financisto (1), Toxic2040 (1), amishmanish (1), chimk (1), Toughit (1), nullius (1), lonchafina (1), grinbuck (1), alia (1), inkling (1), Kda2018 (1) #1 I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy! 
 
 
 
 I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. 
 
 
 
 If you're interested please let me know and we can work out a deal. 
 
 
 
 Thanks, 
 
 Laszlo 
 
 BC: 157fRrqAKrDyGHr1Bx3yDxeMv8Rh45aUet 
 
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 Full MemberActivity: 132Merit: 100 Re: Pizza for bitcoins? May 18, 2010, 07:14:39 PM #5 I'd buy you a Domino's for you, if I knew how to pay from Europe! 
 
 (Like, how is Domino's pizza in the United States gonna receive my payment?, Credit card?) Caffeinism -- a toxic condition caused by excessive ingestion of coffee and other caffeine-containing beverage. 
 
 Hey Ned. (Dec 18, 2018) 
 
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 Full MemberActivity: 199Merit: 319 Re: Pizza for bitcoins? May 18, 2010, 07:18:00 PM #6 A lot of pizza places have online ordering, my wife and I use that sometimes with Papa John's. Almost all of them will accept credit cards by phone as well BC: 157fRrqAKrDyGHr1Bx3yDxeMv8Rh45aUet 
 
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 Full MemberActivity: 199Merit: 319 Re: Pizza for bitcoins? May 21, 2010, 09:33:45 PM #10 
 
 I just think it would be interesting if I could say that I paid for a pizza in bitcoins BC: 157fRrqAKrDyGHr1Bx3yDxeMv8Rh45aUet 
 
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 Full MemberActivity: 199Merit: 319 Re: Pizza for bitcoins? June 12, 2010, 08:14:44 PM #14 This is an open offer by the way.. I will trade 10,000 BTC for 2 of these pizzas any time as long as I have the funds (I usually have plenty). If anyone is interested please let me know. The exchange is favorable for anyone who does it because the 2 pizzas are only about 25 dollars total, maybe 30 if you give the guy a nice tip. If you get me the upgraded extra large ones or something, I can throw in some more bitcoins, just let me know and we'll work something out. 
 
 
 
 My 1 year old daughter really enjoys pizza too! She just smears it all over her face if you give her a whole slice, but she does eventually manage to get most of it in her mouth (minus a few loose toppings of course). BC: 157fRrqAKrDyGHr1Bx3yDxeMv8Rh45aUet 
 
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 LegendaryActivity: 1708Merit: 1000 Re: Pizza for bitcoins? August 04, 2010, 06:56:55 AM #15 Quote from: laszlo on June 12, 2010, 08:14:44 PM This is an open offer by the way.. I will trade 10,000 BTC for 2 of these pizzas any time as long as I have the funds (I usually have plenty). If anyone is interested please let me know. The exchange is favorable for anyone who does it because the 2 pizzas are only about 25 dollars total, maybe 30 if you give the guy a nice tip. If you get me the upgraded extra large ones or something, I can throw in some more bitcoins, just let me know and we'll work something out. 
 
 
 
 
 
 
 
 An open offer, you say? It's been a while since you had some pizza. Feeling a craving, Laszlo? 
 
 
 
 An open offer, you say? It's been a while since you had some pizza. Feeling a craving, Laszlo? "The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world." 
 
 
 
 - Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope' 
 
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 Full MemberActivity: 199Merit: 319 Re: Pizza for bitcoins? August 04, 2010, 05:51:05 PM #17 Thanks to everyone who bought me pizza already but I'm kind of holding off on doing any more of these for now. Well I didn't expect this to be so popular but I can't really afford to keep doing it since I can't generate thousands of coins a day anymoreThanks to everyone who bought me pizza already but I'm kind of holding off on doing any more of these for now. BC: 157fRrqAKrDyGHr1Bx3yDxeMv8Rh45aUet 
 
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 Sr. MemberActivity: 350Merit: 250probiwon.com Re: Pizza for bitcoins? November 29, 2010, 10:58:22 AM #18 
 
 
 
 What's is it eat pizza for $2600? Greetings from November 2010!What's is it eat pizza for $2600? probiwon.com 
 
 - Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo? New bitcoin lottery:- Moжeт, ты eщё и в Heвидимyю Pyкy Pынкa вepyeшь? - Зaчeм жe вepoвaть в тo, чтo мoжнo нaблюдaть нeпocpeдcтвeннo?
– Monday was Bitcoin Pizza Day, the anniversary of the day in 2010 when developer Laszlo Hanyecz paid 10,000 bitcoins for two pizzas in the online currency's first recognized transaction. The same amount of bitcoins would be worth around $22.5 million now. The currency, which sank to $443 a year ago, is up more than 65% so far this month and has been soaring to record highs, passing $2,000 for the first time over the weekend and breaking through the $2,100 and $2,200 marks on Monday, reports CNBC, which notes that a $100 investment in bitcoins exactly seven years ago would be worth more than $75 million at the $2,251 price it reached Monday. Analysts say several factors are behind the steep rise in the price of the currency, including political uncertainty worldwide and the ironing out of technical issues. Japan has also given bitcoins a big boost with new legislation allowing retailers to accept the currency. "The Japanese have caught the bitcoin bug and inefficiencies across markets are being exposed," CryptoCompare founder Charles Hayter tells Business Insider. But other "crypto-currencies," including Ethereum and Ripple, have been rising even faster than bitcoin, leading analysts to warn that a bubble appears to be developing, the BBC reports.