by Ciro Santilli (@cirosantilli, 34)
MOre precisely we of course mean the first non-Coinbase transaction obviously.
Using funds from block 9.
On May 19, 2020, Lazlo announced on the Bitcoin Forum at: bitcointalk.org/index.php?topic=137.msg1195
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.Ciro Santilli remembers his father always telling him how when Ciro was small, he would try to grasp the value of money by converting it into how many pizzas he could buy. Well, at least he was not alone.
User bitcoin2paysafe then asks the fundamental practical question:
In which country do you live?
and Lazslo replies:
Jacksonville, Florida
zip code 32224
United States
User ender_x then points out afterward:
10,000... Thats quite a bit.. you could sell those on www.bitcoinmarket.com/ for $41 USD right now..
so it is a slightly bad deal even then!
Three days later Lazlo's asks again on the thread:
So nobody wants to buy me pizza? Is the bitcoin amount I'm offering too low?
and one day later he confirms that the sale was made without naming the buyer:
I just want to report that I successfully traded 10,000 bitcoins for pizza
Thanks jercos!
where "jercos" is presumably the Bitcoin Forum username of the buyer. en.bitcoin.it/wiki/Jercos gives his identity as Jeremy Sturdivant.
www.thesun.co.uk/news/15049566/other-bitcoin-pizza-jeremy-sturdivant-fortune-hanyecz/ mentions Jeremy sold too early however:
The cryptocash disappeared when Sturdivant used it to "cover expenses" while travelling the US with his girlfriend.
Figure 1.
Laszlo's Papa's Specialty pizzas
. Source. The most famous of Laszlo's pizzas, originally published on his website: web.archive.org/web/20210217220810/http://heliacal.net/~solar/bitcoin/lightning-pizza/.
Figure 2.
Laszlo's secondary pizza event
. Source. web.archive.org/web/20210217220810/http://heliacal.net/~solar/bitcoin/lightning-pizza/ documents another pizza event, as we have different pizza boxes from the most widely known one: web.archive.org/web/20211219130004/http://heliacal.net/~solar/bitcoin/pizza/ Only image thumbs are archived however. web.archive.org/web/20211016070745/https://www.thesun.co.uk/news/15049566/other-bitcoin-pizza-jeremy-sturdivant-fortune-hanyecz/ however shows a large version that The Sun got their hands on before the takedown.
Figure 3.
Jeremy Sturdivant
. Source.
heliacal.net is presumably his personal website? But is was down as of 2023. But we have Wayback Machine archives of course :-) Latest working one of that page 2021: web.archive.org/web/20211219130004/http://heliacal.net/~solar/bitcoin/pizza/ And some other stalking:
Laszlo is truly, literally, the nerd who got very very very lucky!!!
On June 12, 2010 Laszlo re-offers:
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).
and on August 4 user MoonShadow takes him up:
An open offer, you say? It's been a while since you had some pizza. Feeling a craving, Laszlo?
but finally Laszlo withdrawls the offer:
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 anymore. Thanks to everyone who bought me pizza already but I'm kind of holding off on doing any more of these for now.
so we understand that the sales happened multiple times!!! Also, we understand that he was probably a miner.
TODO list all of the potential sales.
en.bitcoin.it/wiki/Jercos mentions:
According to jercos the transaction was finalized over IRC chats. Jercos was 18 at the time of the transaction.www.bitcoinwhoswho.com/jercosinterview is the source. Persumably the contact was initiated via the private messaging feature of the Bitcoin Forum.
Figure 1.
Jeremy Sturdivant
. Source.
TODO who bought the Bitcoins? Is anyone else besides Jeremy Sturdivant
The original forum thread bitcointalk.org/index.php?topic=137.msg1195 suggests multiple purchases were made, until he had to withdrawl the offer. Perhaps an easier question is how many pizzas he got in the first place.
www.reddit.com/r/Bitcoin/comments/13on6px/comment/jl55025/?utm_source=reddit&utm_medium=web2x&context=3 mentions without source:
I know. Laszlo Hanyecz estimates that he spent 100,000 BTC on pizza in 2010. Laszlo is the man that invented GPU mining and he mined well over 100,000 BTC.
One source is: bitcoinmagazine.com/culture/the-man-behind-bitcoin-pizza-day-is-more-than-a-meme-hes-a-mining-pioneer
Related thread from May 2023: bitcointalk.org/index.php?topic=5453728.msg62286606#msg62286606 "Did Laszlo Hanyecz exchange 40000 BTC for 8 pizzas, not 10000 BTC for 2 pizzas?" but their Googling is so bad no one had found the 100,000 quote before Ciro.
As per bitcoin.stackexchange.com/questions/113831/searching-the-blockchain-based-on-transaction-amount-and-or-date at blockchair.com/bitcoin/outputs?s=time(asc)&q=value(1000000000000),time(2010-05-18..2010-08-05) we can list all the transactions made between the offer and withdrawal dates for value exactly 10k. There are only about 20 of them, and including someone the 22nd of May, so it is extremely likely that this will contain the hits. No repeated recipients however, so it is hard to progress with more advanced analytics tools
Some of the transactions are:
8 d1a429c05868f9be6cf312498b77f4e81c2d4db3268b007b6b80716fb56a35ad (29 May) is a common looking transaction with a single input from 1Bc7T7ygkKKvcburmEg14hJKBrLD7BXCkX and two outputs, one likely being the change to 1GH4dRUAagj67XVjr4TV6J9RFNmGYsLe7c and the other the actual value to 138eoqfNcEdeU9EG9CKfAxnYYz62uHRNrA.
The input chain is complex, but it does contain one block reward on the third level: 17PBFeDzks3LzBTyt6bAMATNhowrvx5kBw + 79 rewards 4th level at 045795627ca29ec72a94c23a65ee775ea1949d60b6fba0938b75e1cfe1e6643e.
www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html
As for his lost password and inaccessible Bitcoin, Mr. Thomas has put the IronKey in a secure facility - he won’t say where - in case cryptographers come up with new ways of cracking complex passwords. Keeping it far away helps him try not to think about it, he said.
“I would just lay in bed and think about it," Mr. Thomas said.
Video 1.
What is Bitcoin? (v1) by WeUseCoins (2011)
Source. This is the video that Stefan Thomas as paid 7,002 Bitcoins to make back in 2011.

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