Celebrate Bitcoin Pizza Day! The Party Is on Us!

Other
May 22, 2024Reading Time: 4 minutes

Happy Bitcoin Pizza Day! It’s an excellent reason to gather your friends and have a pizza party. If you’re lucky you can do it at our expense. Read this article, answer the questions we placed inside and win the chance to get €50 worth of pizza.

When Laszlo Hanyecz paid 10,000 bitcoins for two pizzas, a family-size pizza cost about $12 in the US. Can you imagine how much pizza he’d get today for the same amount of Bitcoin? 

It’ll make you realize the tremendous potential of blockchain and cryptocurrencies. If Marc Kenigsberg was right when he said, “Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential,” then the Bitcoin value is indicative of that potential.

But before we get into that, here’s how you can get your free pizza! All you need to do is find the quiz questions scattered throughout this article and answer them correctly. Then post the answers in the comments of the relevant post on X (Twitter).

Here’s the first question: What does Onchain mean (name three benefits)? Not sure about the answer? Check the Onchain website pages.

Two pizzas and three golden coins with Bitcoin symbol
Credit: Serenko Nata, iStock

Bitcoin Pizza Day – get some proportion!

The legendary transaction took place only 14 years ago, in May 2010. At the time, you needed about 244 BTC for $1. 

In March 2024, when Bitcoin reached its all-time high, you needed $73,000 for 1BTC.

Now let’s do the math:

If you were to offer 10,000 BTC for pizza, you could get about 45 Million family-size pizzas—the expensive kind in a restaurant, with all the extras and special toppings.

pizza chef sprinkling Oregano on his freshly made pizza
Credit: Zoran Orcik, iStock

With that much pizza, you could feed the entire population of Argentina, Afghanistan, or Algeria. 

Or you could send them to Sri Lanka or Syria; then, each person would get two. 

Maybe we should look at it the other way around.

Where can you feed on one Bitcoin for a lifetime?

If you live in Poland, Austria, or Germany, you can buy approx. 6,500 cheap pizzas with 1 BTC today. 

In Sweden, you only get around 5,400 family-size pizzas. A bitcoin in the US amounts to a mere 3,700 pizzas. 

In Switzerland and Dubai, pizzas cost even more and one bitcoin gets you only about 2,200 pizzas. 

You’re better off going for Swiss chocolate. It has fewer calories, and one Bitcoin makes your life sweet with 5,600 bars.

girl biting a bar of chocolate smiling
Credit: Deagreez, iStock

In Nigeria, on the other hand, you could feast on more than 8,000 pizzas. Invite your friends, or your village, if you like.

Same in Indonesia, where you can buy almost 10,000 of the popular, cheese-covered pastries. 

The most profitable deal (among the countries we checked) you get in India. With one Bitcoin, you can buy more than 10,000 and even up to 25,000 pizzas.

You could eat one each day and have enough for 68½ years. 

Sorry, that wasn’t a quiz question, though.

The second question for our Bitcoin Pizza Day quiz is: In which emerging market or country do people escape inflation by using stablecoins? Want some help? You can find the answer here.

The impact of pizza bought with Bitcoin

Now that you’ve bought all these tasty, round munchies, your mouth is probably watering, and you’re looking forward to gobbling them up.

Before you do, get this: one pizza has between 2,000 – 3,000 calories. If you choose the more expensive pizza in India or the regular one in Indonesia, you can consume 20 Million calories for 1 BTC. 

You’ll have to run 333,333 km (how quickly can you say that number?) to burn all that; that’s 7,898 marathons. Good luck!

If you skip the marathon and sit at your laptop all day, those pizza calories will keep you going for 3.6 years.

A lot of energy from one digital coin!

man on couch with laptop and pizza
Credit: LightFieldStudios, iStock

Alright, enough numbers games. Today, you can grab pizza for free, and that’s always worth it.

Here’s your next quiz question: What are the four challenges that make up the Blockchain tetralemma? Hint: it’s in our magazine and reports.

Pizza or not, blockchain changed the world

Of course, the original transaction was only about “having leftover pizza to nibble on later”, as Laszlo explained when he asked for two pizzas on the Bitcoin Talk forum in 2010. 

Little did he know what crypto and blockchain would achieve. No one imagined using crypto to incentivize individuals to make unused computing power available to others. 

Nowadays, it seems decentralized computing could turn into big business. 

We researched DePIN opportunities and projects, and what we found is pretty promising.

Some types of RWAs can transform our way of doing business, especially in emerging markets. Stablecoins, agricultural RWA projects, and tokenized private credits have the highest impact potential. If you want to find out why and how, read our RWA report here. 

Follow us on X (Twitter) and LinkedIn in and be the first to get the new Onchain research reports and our magazine articles. Oh, and don’t forget to check out the Onchain Store as well.

So, how do you get your free pizza from Onchain?

  1. Find the three quiz questions in this article and their answers in our magazine and reports. 
  2. Follow us on X and Linkedin, and submit your answers before May 23rd, 2024, at 23:00 to the Bitcoin Pizza Day Party post on X (Twitter).
  3. If all your answers are correct, you’ll enter the raffle and have the chance to win €50 worth of pizza at our expense. 

Have you decided which pizzas to order for your Bitcoin Pizza Day party? Well, submit your answers and get ready!

pizza delivery man with four pizza boxes
Credit: Khosrork, iStock

Terms & conditions:

Campaign duration: May 22, 2024, to May 23, 2024, until 23:00 CET (11:00 PM).

Prize: €50.

Winners: Six winners will be selected randomly and contacted via direct message from the official Onchain Foundation account on X (Twitter).

Prize usage: Valid until the end of July 2024.

How to use: Send us a bill for a pizza dinner, and we will reimburse you via bank transfer afterward.

Disclaimer:

1. By entering the contest, the participants agree to have their data processed according to the GDPR.

2. The quest is in no way sponsored, endorsed, administered by, or associated with X and Linkedin. We release these social media platforms from any liability relating to the quest and to any of the participants

3. Onchain Foundation is not responsible for winners’ misuse of the prizes or failure to comply with the rules of the quest or the terms and conditions of the social media.

4. We reserve the right to revoke the campaign at any time and at our full discretion, without any justification and without becoming liable to any of the participants.