Can Phemex Find Laszlo Hanyecz

Can Phemex Find Laszlo Hanyecz

Bitcoin News
by Editor's Desk
458
Globally, May 22 is celebrated as Bitcoin Pizza Day. It was on this day, in 2010, a Florida-based computer programmer Laszlo Hanyecz made the first purchase using Bitcoin – two pizzas for 10,000 BTC. A decade has passed since, and the price of Bitcoin has skyrocketed. As of today, that number of Bitcoins amounts to
Can Phemex Find Laszlo Hanyecz

Globally, May 22 is celebrated as Bitcoin Pizza Day. It was on this day, in 2010, a Florida-based computer programmer Laszlo Hanyecz made the first purchase using Bitcoin – two pizzas for 10,000 BTC. A decade has passed since, and the price of Bitcoin has skyrocketed. As of today, that number of Bitcoins amounts to approximately 395 million dollars, exponentially much more than the $45 bill that Hanyecz paid for.

Bitcoin has proved its robustness over time. It emerged as the first decentralized payments network years ago and has gone through numerous upgrades since. Its interoperability, smart contracts, and introduction of decentralized finance are among the myriad of technological advancements that the network has gone through. These developments have led to improved network performance, attracting more and more investors into the market.

Despite the presence of a global traditional centralized financial system, BTC’s unprecedented growth cannot be ignored. Even in the face of global economic recessions and now a global pandemic, the crypto market has stood firm on the ground and has paved the way for a new industry altogether. Some standard services in the crypto industry include cryptocurrency exchanges, wallet providers, software platforms, mining, ETFs, payment service providers, and venture capital.

Phemex, a Singapore-based global cryptocurrency exchange, is one such service provider. It recently reported a 159.6% growth in its user base in Q1, crossing 1 million users on the platform. In terms of trade volumes, in Q1 alone, the exchange reported a 465.2% increase compared to last year. To keep the platform up-to-date, Phemex has consistently been implementing new features, ensuring an optimal user experience through regular community feedback and a positive approach.

Where is Lazlo Hanyacez

It took the world close to a decade to understand the brilliance of blockchain-based decentralized currencies. By making the first-ever BTC payment, Lazlo became one of the first few people who showed confidence in Satoshi Nakamoto’s vision. His work cannot be discounted. It is transactions like his that led to the supply of Bitcoins all over the world and made them popular, even when they weren’t worth much.

When Lazlo entered the crypto scene, the world of Bitcoin mining was limited to computer processors. He recognized the benefits of using a graphics card (GPUs) to mine Bitcoin early on and wrote an algorithm that was eventually incorporated into Bitcoin’s code, allowing GPU mining. Hanyacez is single-handedly responsible for the rise in GPU demands globally and bringing BTC into the mainstream.

Does he regret spending 10,000 BTC for a mere two pizzas a decade ago? In many of his interviews in the past, Hanyacez has stated that he is not regretful. However, Phemex would like to do something special for him.

As a token of appreciation of his work, Phemex is offering the Pizza Guy a second opportunity to spend 10,000 BTC – only this time, he can make a profit.

They are offering him to deposit 10,000 BTC into EarnCrypto, an asset management program by Phemex, for one day. Earn Crypto allows users to deposit up to 1,500,000 USDT and earn up to 10% APY. Lazlo will get to keep how much ever he earns in the one-day period. According to Phemex, Lazlo can make up to $110,000 profit in a single day at the current prices.

What does Phemex want from you?

It needs you to spread the word so that it reaches Lazlo. The team has not yet been able to get in touch with the Pizza Guy, and you could help! Through their Gleam Campaign, Phemex is giving away an additional $10,000 wth of BTC to those in the community who’ll help put the word out.

All you need to do is enter the Gleam campaign page and complete the task. Every task you complete counts as an entry into the competition. Even if the Pizza Guy doesn’t show up, you will still get your reward for helping Phemex with their search. It’s a win-win!

The campaign starts on April 22, 2021, and ends on May 22, Bitcoin Pizza Day. The winners of the campaign will be picked out in the coming week, and all winning participants will split a prize pool of $10,000 worth BTC.

The contribution of Lazlo to the popularization of Bitcoin is humongous. His purchase of those pizzas using BTC not only generated much-needed buzz, but it also permeated the core philosophy of Bitcoin, that money should be decentralized. Furthermore, he invented GPU mining, something that is used even today. He transformed cryptocurrency mining even before it became so popular. Hanyecz reportedly works as a developer for an apparel brand called GORUCK presently, which accepts Bitcoins as payments owing to his internet popularity.

There is still a long way to go before Bitcoins become a widely accepted payment method in everyday use, but we cannot discount the fact that it has come a long way since 2010. To think of it, a hungry developer in Florida started this revolution, and it has only been uphill since. It is high time that he gets rewarded for his unparalleled contributions.

Add a comment