Bitcoin Lore, for Delivery

The pizzas purchased with bitcoin in May 22, 2010.The first items of value exchanged for bitcoin, on May 22, 2010.

Every movement acquires its own lore and a set of accompanying food customs generated almost in parallel.

For Presidents Day we in the US eat cherry pie in observation of the apocryphal story of George Washington’s inability to lie about chopping down a cherry tree. Thanksgiving day demands turkey and pumpkin pie to commemorate the first Thanksgiving feast. For those of us of Irish descent, St. Patrick’s day demands corned beef and cabbage as an homage to the old country.

The pizzas purchased with bitcoin in May 22, 2010.

The first items of value exchanged for bitcoin, on May 22, 2010.

And so it is with bitcoin. May 22, 2010 has come to be recognized by supporters of cryptocurrency as the date on which bitcoin was first exchanged for something of value. In this case, it was two Papa John’s pizzas, bought by cryptodeveloper Laszlo Hanyecz for 10,000 bitcoin.

At the time, 10,000 bitcoin were worth the equivalent of two large pizzas. Today, it’s necessary to point out, that 10,000 bitcoin are worth about $2.4-million.

What’s more important is the fact that May 22 is turning into a day that bitcoiners observe through the ceremonial consumption of pizza. This is a good thing for a few reasons. For one, pizza is yummy and everybody loves it. For another, it’s good because as the cryptocurrency movement acquires its own traditions and founding stories, it’s reaching a state of maturity suggestive of a certain degree of staying-power and cultural penetration.

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