General
Bitcoin Pizza Day (22 May)
Crypto community holiday (22 May). Commemorates Laszlo Hanyecz's first commercial BTC transaction 2010: 2 pizzas for 10,000 BTC. Gibraltar launched its 2021 stamp during Bitcoin Pizza Day week.
Bitcoin Pizza Day — 22 May
Bitcoin Pizza Day is a crypto community holiday celebrated annually on 22 May. It commemorates the first documented commercial Bitcoin transaction in the world — on 22 May 2010.
The Historical Transaction
On 22 May 2010, Florida programmer Laszlo Hanyecz arranged an exchange in the Bitcoin Forum (bitcointalk.org):
- Payment: 10,000 Bitcoins
- Consideration: 2 pizzas (from Papa John's, delivered to Hanyecz's address)
- Intermediary: User "jercos" on bitcointalk.org
Hanyecz's original post (May 2010): He offered 10,000 BTC for 2 pizzas that someone would order for him. At then-current Bitcoin prices, 10,000 BTC were worth about $41 USD. The two pizzas were indeed delivered.
Value Development
At current Bitcoin prices, the 10,000 BTC would have changed dramatically in value:
| Date | Bitcoin price | Value of 10,000 BTC |
|---|---|---|
| 22.05.2010 | ~$0.004 | $41 |
| 22.05.2017 | ~$2,000 | $20M |
| 22.05.2021 | ~$37,000 | $370M |
| 22.05.2024 | ~$67,000 | $670M |
| 2026 (estimate) | variable | up to billions |
The transaction is thus a culturally iconic story of the crypto community — symbol for Bitcoin's transformation from experimental token to global store of value.
Crypto Stamp Significance
Royal Gibraltar Post Office launched its Cryptocurrency Stamp on 17 May 2021 — strategically for Bitcoin Pizza Day week. This choice is unique in the crypto stamp space:
- Other issuers choose launch dates by postage programme logic (e.g. Day of the Dead at USPS)
- Other issuers choose launch dates by cultural season (Lunar New Year)
- Only Gibraltar chose a crypto cultural date
This choice signals a crypto-native collector target audience — the stamp is not primarily aimed at classical philatelists, but at crypto enthusiasts with stamp interest.
Crypto Cultural Significance
Bitcoin Pizza Day is celebrated by the crypto community annually with:
- Twitter storytelling about the original transaction
- Pizza deliveries to crypto conferences
- Memes about the "most expensive pizzas in history"
- Speculations about Hanyecz's feelings (he has expressed no regret)
Laszlo Hanyecz is a crypto legend: he also developed the first GPU mining software and thus accelerated Bitcoin mining.
Significance in the Wiki
Bitcoin Pizza Day documents the crypto cultural dimension of crypto stamps. Gibraltar's choice to explicitly launch a stamp on this date signals crypto identity marketing — the stamp is not only a collector product, but tribute to the crypto community.
The wiki documents this context because:
- The launch date 17.05.2021 is otherwise contextless
- The choice distinguishes Gibraltar from all other issuers
- It shows the strategic depth of the edition conception
Other possible crypto cultural dates that could be used for future crypto stamp launches:
- 31 October (Bitcoin Whitepaper Day, 2008 by Satoshi Nakamoto)
- 3 January (Bitcoin Genesis Block, 2009)
- 1 May (frequent crypto conference date)
Related terms
Related editions
| Issued | Edition | ISO | Chain | Program |
|---|---|---|---|---|
| 2021-05-17 | Cryptocurrency Stamp 2021 – Gibraltar Blockchain Hub | GI | rsk-rootstock | mainstream |
Sources
- bitcointalk.org/index.php