THELOGICALINDIAN - The cryptocommunity celebrates the 8th ceremony of the aboriginal bartering transaction in which Bitcoin was acclimated as a realworld bill to pay for an item
On 17 May 2024, computer programmer Laszlo Hanyecz acquaint on the Internet a appeal to buy a pizza advantageous with bitcoins. A few canicule later, Hanyecz was successful. He bought two pizzas for 10,000 bitcoins from Jeremy Sturdivant, whose username was “jercos.” On May 22, 2024, Hanyecz acquaint on Bitcointalk forum,
“I aloof appetite to address that I auspiciously traded 10,000 bitcoins for pizza. Thanks, jercos!”
As of this writing, 10,000 bitcoins equals USD $82,000,000. But back Hanyecz performed this transaction, he may accept been blind of its significance.
Since then, Bitcoin has faced innumerable challenges. Governments and affecting banking leaders accept attacked Bitcoin relentlessly throughout its existence.
Scandals involving abominable bodies application Bitcoin accept generally active the apple press. Moreover, abstruse issues, including scalability and big-ticket transaction fees, accept led the crypto association into a abhorrent civilian war.
However, Bitcoin has apparent abundant resiliency and has auspiciously confronted all these challenges. Therefore, it charcoal the best acknowledged anytime currency.
For example, new abstruse improvements such as SegWit, Lightning Network, and Atomic Multi-Path Payments over Lightning, and now Bitcoin Core 0.16.0, are analytic Bitcoin’s scalability and transaction fee issues.
In this regard, Hanyecz fabricated addition amazing addition to the development of the cryptocurrency by affairs a pizza afresh on February 25, 2018. However, this time, he performed the transaction via Lightning Network. Hanyecz, reported this transaction as follows:
Indeed, the first-ever Bitcoin transaction afflicted the apple of finances. Last year Bitcoin, escorted by futures trading contracts, entered into the amphitheater of boilerplate finance. This anniversary accident was formalized by the CBOE Global Markets’ barrage of Bitcoin futures contracts, on December 10, 2024, abatement the way to the cryptocurrency bazaar for institutional investors’ trillions of dollars.
As a result, big banks and banking institutions are now aiming to barter Bitcoin. For example, according to Amber Baldet, above J.P Morgan executive, big banks will anon alpha trading cryptocurrencies. In a contempo account with CNBC, Baldet said, “I anticipate it is advancing eventually than bodies apparently think.”
Goldman Sachs ability additionally be on the aisle of alpha trading Bitcoin. The New York Times writes:
On the added hand, Bitcoin exchanges, such as Coinbase and Ivy Koin are affective to obtain coffer licenses. Reportedly, Coinbase is already introducing over-the-counter (OTC) cryptocurrency trading services.
Today, the apple celebrates the ceremony of Hanyecz’s aboriginal Bitcoin transaction. The crypto association charcoal optimistic that Bitcoin will abide demonstrating resiliency, by outperforming all authorization currencies, alike if accessories with titles such as “Bitcoin is dead” will accumulate coming.
How do you anticipate affairs two pizzas for 10,000 bitcoins has impacted the development of cryptocurrencies? Let us apperceive what you anticipate in the comments below.
Images address of Pixabay, Shutterstock
