Monday marks the seven-year anniversary of the first Bitcoin transaction, in which a Florida man paid for two pizzas with the cryptocurrency.The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth $20 million, for the two pizzas.(See also: New Bitcoin Price Record: Over $2,000 Per Coin) On May 22, 2010, now known as Bitcoin Pizza Day, Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two delivered Papa John's pizzas.Organized on bitcointalk forum, the Florida man reached out for help."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," Hanyecz wrote."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!"

A British man took up Hanyecz's offer and bought the two pizzas for him in exchange for the 10,000 Bitcoins.Even then the recipient of the Bitcoins got himself a bargain, paying $25 for the pizzas, while 10,000 Bitcoins were worth around $41 at the time.(See also: Basics For Buying And Investing In Bitcoin) The #Bitcoin pizza is worth $20,509,958 today.(-0.15% from yesterday) Today is Bitcoin pizza day!— Bitcoin Pizza (@bitcoin_pizza) May 22, 2017 Since the inception of Bitcoin, Hanyeczs' pizzas have got more and more expensive.Nine months after the purchase, Bitcoin reached parity with the U.S.dollar, making the two pizzas worth $10,000 and in 2015 -- the fifth anniversary of Bitcoin Pizza Day -- the two pizzas were valued at $2.4 million.Today, Bitcoin has surged to an all-time high, trading above $2170, making the pizzas worth...you get it.(See also: The 6 Most Important Cryptocurrencies Other Than Bitcoin) Source: Coindesk Despite the astronomical rise in the price of Bitcoin it seems Hanyecz is not phased about his deal.

"It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool," Hanyecz told the NY Times.Want to learn how to invest?Get a free 10 week email series that will teach you how to start investing.Delivered twice a week, straight to your inbox.No thanks, I prefer not making money.Opportunities Move Fast The premier service to buy bitcoin in just 3 hours.The premier service to buy bitcoin in just 3 hours.Have you tried our new mobile site?Over 53,737.07 BTC sold and 60,577 customers served to date!Current BitcoinAverage = $2,732.65/BTC.BitQuick.co Lowest Offer = $2,732.65/BTC.Processing Time = 0 hr 42 min.** - Based on 10 most recent orders BUY BITCOIN Buy Bitcoin instantly with cash deposit into a bank from sellers with Bitcoin already in escrow for a low 2% fee.SELL BITCOIN Conveniently and securely sell Bitcoins at your own price for cash deposited into your bank account for 0% fee.HOW IT WORKS We have taken the guesswork out of Bitcoin transactions.

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Read a LocalBitcoins forums about the various scams that have been pulled on both buyer and seller alike.Such things don't happen with BitQuick.co.” – Lorraine Buy Bitcoin Instantly with Cash Moneygram and Western Union being added soon!bitcoin in indiaThe Team Athena Bitcoin, Inc.The most trusted name in Bitcoin ATM™The most epic financial transaction of this century ( at least until now ), took place on May 22, 2010.Wall Street or the City of London was not there location where it happened.It was carried out in the city of Jacksonville, Florida.She had nothing to do with secured debt obligations or stocks.It was the purchase of two pizzas from Papa John's in exchange for payment, the cost of which now exceeds 4 million dollars.However, the most surprising part of this transaction was that the 18 y.o.pizza salesman Jeremy Sterdivant received compensation - 10 thousand units of newborn money, without any taxes or fees.

Buying these pizzas "Pepperoni" was the first bitcoin transaction.Weird word “blockchain” During the last years the term “blockchain” has become fashionable - technology, which is created on the basis of Bitcoin is getting more and more popular in various mass media.Financial Times wrote an enthusiastic article about banks, "seeking to get their hands on blockchain power".Forbes is also optimistic in its attitude towards blockchain: "everybody agreed that this technology will fundamentally change the nature of financial services."But what about Bitcoin?It is treated as an ugly stepchild.There is a strong feeling that everyone will be happy when Bitcoin will vanish.For the programmers this situation seems strange and surreal.blockchain is just a data structure.It captures the imagination and is very powerful, but not revolutionary by nature.Should we consider interesting technology more exciting than its practical application?Allow me to announce a heretical point of view, which violates the new conventional wisdom.