Bitcoin Pizza Day — A celebration of decentralization

Pizza events hardly ever want a proof. However pizza events on Bitcoin Pizza Day deserve one. 

13 years in the past in the present day, Laszlo Hanyecz created a thread within the bitcointalk.org discussion board titled Pizza for bitcoins? After some clarification and far dialogue, Hanyecz discovered somebody keen to purchase him two pizzas (valued at ~$41) in alternate for his 10,000 bitcoin. 

At bitcoin’s price in the present day, these pizzas are price ~$270,000,000. 

Many look again on Bitcoin Pizza Day as a cautionary story that demonstrates why individuals HODL crypto for the long run. But, many others look to the long run on at the present time whereas contemplating the unrealized potential of Bitcoin and the facility of decentralization.

Finally, Bitcoin Pizza Day has grow to be a celebration of Bitcoin’s viability as an entire “peer-to-peer digital money system” — simply as Satoshi envisioned within the Bitcoin white paper.

Cash (together with money) is usually outlined as:

1. A medium of alternate
2. A unit of account
3. A retailer of worth

On at the present time greater than a decade in the past, the world noticed that Bitcoin might be used as a medium of alternate. In any case, Hanyecz was in a position to make use of Bitcoin whereas transacting with one other particular person — with none middleman’s participation. 

But, as time has gone on, Bitcoin Pizza Day has additionally grow to be a reminder of the progress Bitcoin has made within the different two features of cash as nicely.

As people proceed to alternate Bitcoin for items and providers — simply as Hanyecz did years in the past — Bitcoin’s viability as a worldwide unit of account and unbiased retailer of worth has additionally emerged. Days like in the present day are a reminder that first proving its effectiveness as a medium of alternate is what has finally allowed Bitcoin to show its legitimacy as a globally acknowledged unit of account and self-sovereign retailer of worth as nicely. 

Bitcoin Pizza Day is a celebration of cryptocurrency and blockchain technology’s effectiveness in decentralizing info. It’s also a celebration of Bitcoin’s reliability as a sound type of cash. 

For a lot of others, Bitcoin Pizza Day is a celebration of the crypto values Kraken embodies and the mission we deliver on each day. It’s a celebration of the liberty that Bitcoin brings again to people’ means to attach and transact.