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What’s with all the crypto bros eating pizza?

The first use of bitcoin to buy a real-world object happened 15 years ago this week. The deal has not aged well.

Michael Bailey

In the pub on Thursday, you might have seen a group of people eating pizza and saying things like “cold wallet” and “stablecoin”.

Chances are, they were celebrating the 15th anniversary of Bitcoin Pizza Day: the first recorded use of the cryptocurrency to buy a real-world object, when a Florida-based programmer named Laszlo Hanyecz paid 10,000 bitcoins (BTC) for two Papa John’s pizzas to be delivered to his house.

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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au

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    Original URL: https://www.afr.com/technology/what-s-with-all-the-crypto-bros-eating-pizza-20250522-p5m1b5