Florida man accidentally made the most costly fast food order in history after paying $920,626,747 in Bitcoin for two pizzas

In one of the biggest fumbles in finance and tech history, Florida man Laszlo Hanyecz bought a two-pizza Papa Johns order with Bitcoin, now worth $920,626,747, making it the most costly fast food order in history.

Nobody could have predicted what Bitcoin was going to become.

Even the most ambitious miners would never have predicted that their first coin would go on to cost $100,000 some 15 years later, never mind every other Bit that followed.

The meteoric rise was so unexpected that one man even traded his 10,000 Bitcoin for two pizzas, unaware that they would soon be worth short of a billion dollars.

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How one man bought one of the first physical objects with Bitcoin

Back in May 2010, Bitcoin was just discovered and was worth pennies.

Early fanatics began jumping on the hype and are now reaping their rewards.

Well, most of them.

One who hasn’t been as lucky in crypto love is Laszlo Hanyecz, the Florida man who became one of the first people ever to order a physical object and pay with open-source internet money.

The man took to a Bitcoin forum offering 10,000 units of the online currency to anyone who would bring him a couple of pizzas.

“I’ll pay 10,000 bitcoins for a couple of pizzas … like maybe two large ones so I have some left over for the next day,” he said.

The orders were simple; he liked pizza with meat, onions, tomatoes, mushrooms, anything with a few solid toppings, but no fish.

“You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins, where I don’t have to order or prepare it myself.”

Lo and behold, after four days, two Papa Johns pizzas were sent his way from a British man.

Taking a picture with the two pizzas, he was astounded that anyone would actually take Bitcoin as a currency of payment, and tucked into his Pepperonis with a smile on his face.

Back then, it was a decent bargain to be struck for the Brit, who made an initial $16 of profit from the $25 pizzas.

But since then, that $41 value has rocketed, unfathomably.

He accidentally made the most costly fast food order in history

Bitcoin, despite actually having a dip in value over the last few months, has grown so much in value that this Pizza order is currently valued at $920,626,747.

That’s over $460 million per pizza – the same price as the company Patreon, or the MLS team Columbus Crew, or a Private Boeing 737 BBJ.

But the crippling expenditure didn’t stop there.

The pizza offer stayed open for months, where the man was bought a selection of Florida’s finest Italian dough-circles using a total of 79,000 Bitcoin, according to Forbes.

All in all, he spent over $8 billion worth of cryptocurrency (in today’s market) on pizza.

“I mean, people can say I’m stupid, but it was a great deal at the time. I don’t think anyone could have known it would take off like this,” he said, posting back on the forum where the original challenge was drawn.

Nowadays, Bitcoin miners and developers around the world celebrate May 22 and the most costly fast food order ever by ordering in pizzas, as Hanyecz became a cult hero with the community – and Papa Johns.

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