All articles tagged with #bitcoin pizza day
On May 22, 2010, Laszlo Hanyecz paid 10,000 bitcoins for two Papa John's pizzas, marking the first use of bitcoin in a commercial transaction. While the transaction is now worth millions, it was only worth the price of two pizzas at the time. Bitcoin Pizza Day celebrates the importance of using bitcoin as a medium of exchange and the pioneers who helped establish its value.
Meme coin issuers have profited over $200,000 from pizza-related rug pulls on Bitcoin Pizza Day, with at least four confirmed rug pulls and five suspected honey pots. Investors flocked to tokens named bitcoin pizza and pizza inu, ending up with losses of more than $12,000 in total. Developers can "pull the rug" on projects by adding a modifiable sell tax to the smart contract or by holding the vast majority of a token, waiting for the price to rise before selling the token into freshly formed liquidity from unsuspecting investors.