In 2010, a man named Laszlo Hanyecz made history by becoming the first person to use Bitcoin to buy a tangible item: two pizzas. At the time, Bitcoin was worth less than a cent, and Hanyecz famously paid 10,000 bitcoins for his pizza order.
Today, those 10,000 bitcoins would be worth tens of millions of dollars. But the significance of Hanyecz’s purchase goes beyond the exorbitant price he paid. It represented a new way of thinking about money and transactions, one that challenged the traditional ...