Bitcoin Pizza Day is celebrated every year on May 22nd to commemorate the first-ever Bitcoin transaction. In 2010, an engineer named Laszlo Hanyecz famously used 10,000 bitcoins to purchase two pizzas, marking the first real-world transaction with the cryptocurrency.
To celebrate this significant day, Web3+ has created a special series on Bitcoin Pizza Day to introduce the world’s first and largest cryptocurrency, Bitcoin.
Bitcoin, which was created by the mysterious Satoshi Nakamoto in 2008, has become the undisputed pioneer in the world of cryptocurrencies. Nakamoto’s identity remains unknown, adding to the intrigue surrounding Bitcoin’s origins. Over the years, there have been speculations about the true identity of Nakamoto, with individuals like Dorian Nakamoto, Craig Wright, Nick Szabo, and Hal Finney being considered as possible candidates.
Another interesting Bitcoin story involves the estimated 7.8 million bitcoins that are currently lost or inaccessible. These bitcoins have been lost due to forgotten private keys or the death of the owners without passing on the keys. Investment advisory firm Cane Island Alternative Advisors estimates that around 31% of the total bitcoins ever created are lost. This loss is expected to continue to increase as more bitcoins are minted.
In a unique attempt to recover lost bitcoins, a British man named James Howells sought permission from the local government to excavate a landfill site where he mistakenly discarded a hard drive containing 7,500 bitcoins. While his request was not accepted due to the high cost and environmental concerns, Howells believes that it is still possible to find the hard drive using technology like AI and robotic dogs.
Bitcoin’s adoption as a legal currency has also made headlines. In 2021, El Salvador became the first country to recognize Bitcoin as legal tender alongside the US dollar. However, the country faces challenges such as infrastructure development, debt issues, and public acceptance of Bitcoin.
Even in Taiwan, Bitcoin is making its mark in the real estate market. Homeowners have advertised their properties with prices quoted in bitcoins, showcasing the growing popularity and value of the cryptocurrency.
It’s worth noting that while the price of a single bitcoin is currently high, with an average holder owning only 0.01 bitcoins, there are over a million wallet addresses that hold at least one bitcoin. However, this doesn’t necessarily translate to a million wealthy individuals, as some investors may have multiple wallet addresses, and cryptocurrency exchanges and investment firms also hold significant amounts of bitcoin.
Bitcoin continues to captivate the world with its intriguing stories and milestones. As the cryptocurrency ecosystem evolves, Bitcoin’s influence and potential continue to expand, making it an asset worth following closely.
Source:
Cointelegraph, Newsbtc, Business Insider, Yahoo Finance
