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newbie
Activity: 20
Merit: 1
April 13, 2019, 07:01:47 AM
#62
Bitcoin is the first cryptocurrency that was introduced by the year 2009 by an unknown person or group named by Satoshi Nakamoto still his identity is remained a mystery .The  .Bitcoin is a peer to peer electronic cash system The Block chain technology   verifies the transaction records of.Bitcoin.. Even though bitcoin was introduced by 2009 it was only mined and  not traded till 2010 .By 2010 somebody sold Bitcoin for buying pizza and that was the first trading, from that transaction on wards  the popularity of Bitcoin increased  and the idea of decentralization inspiring  other alternative crypto currencies to appear.

Given the initial journey of bitcoin, ten years ago bitcoin was nothing and the bitcoin owner was nobody. Everything is just hope and dream to be able to make bitcoin a digital currency. That fact came when the first time Bitcoin was able to buy pizza and it was like a broken egg, so the impact was extraordinary.
The most spectacular result is when December 18, 2017 the price of bitcoin reached USD19,055 and observers who were always pessimistic and criticized bitcoin were surprised. Because with such high prices, it has been proven that bitcoin is the most expensive currency in the world. Although the price is slowly decreasing, bitcoin as a digital currency has shown tremendous potential for the future, especially blockchain technology and the implementation of peer to peer transactions.
thanks for the info, it is really beneficial to all of us since we are very interested in Bitcoin
newbie
Activity: 35
Merit: 0
April 13, 2019, 03:46:53 AM
#61
This thread is helpful to study the history of bitcoin, the only one topic that capture my interest is the pizza man. Lol.

Furthere more it is interesting topic to follow,  even theres a lot of event missing. Thank for creating this thread, i can now back in time. The time that i was really missed the ride.

There's this timeline that was started on http://historyofbitcoin.org/, quite a lot of useful dates to make note of, for me particularly, the dates Bitcoin value was first established on an exchange (October 5 2009) and quote:

Quote
New Liberty Standard publishes a Bitcoin exchange rate that establishes the value of a Bitcoin at US$1 = 1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins.

Also when it reached parity with the US dollar, if price tracking is important (it's not, but significant).

The timeline ends abruptly in 2014, but it was resurrected here, all the way to March 2017:
http://www.therevolutionwillnotbecentralized.com/timeline/

This shows bigger picture: https://timelines.issarice.com/wiki/Timeline_of_Bitcoin


And also thanks for this additional info. It can help me to undertand the whole missing things on my research about the history of bitcoin.

I just want to ask you about the history of bitcoin. is it true that blackmarket is the reason behind the creation of bitcoin? I heard this news somewhere!
member
Activity: 314
Merit: 10
“A nexgen decentralized ride hailing ”
April 13, 2019, 12:24:00 AM
#60
Bitcoin is the first cryptocurrency that was introduced by the year 2009 by an unknown person or group named by Satoshi Nakamoto still his identity is remained a mystery .The  .Bitcoin is a peer to peer electronic cash system The Block chain technology   verifies the transaction records of.Bitcoin.. Even though bitcoin was introduced by 2009 it was only mined and  not traded till 2010 .By 2010 somebody sold Bitcoin for buying pizza and that was the first trading, from that transaction on wards  the popularity of Bitcoin increased  and the idea of decentralization inspiring  other alternative crypto currencies to appear.

Given the initial journey of bitcoin, ten years ago bitcoin was nothing and the bitcoin owner was nobody. Everything is just hope and dream to be able to make bitcoin a digital currency. That fact came when the first time Bitcoin was able to buy pizza and it was like a broken egg, so the impact was extraordinary.
The most spectacular result is when December 18, 2017 the price of bitcoin reached USD19,055 and observers who were always pessimistic and criticized bitcoin were surprised. Because with such high prices, it has been proven that bitcoin is the most expensive currency in the world. Although the price is slowly decreasing, bitcoin as a digital currency has shown tremendous potential for the future, especially blockchain technology and the implementation of peer to peer transactions.
full member
Activity: 222
Merit: 100
April 07, 2019, 01:43:21 AM
#59
Great history thanks for sharing such knowledgeable information with us. Bitcoin's history was really impressive and mind blowing. Every person is aware that bitcoin's price increase every year. But in the end of 2017 bitcoins really disappoint us. But now its start showing the real potential and the market is now really do blow our mind again .I just want to see bright future of bitcoin
member
Activity: 322
Merit: 20
Donating 10% to charity
March 21, 2019, 08:48:47 PM
#58

not quite true, satoshi first registered bitcoin.org not bitcoin.com as it was already taken, later some bitcoin cash fan bought out the bitcoin.com and since all the bitcoin cash supporters call bitcoin cash the true "bitcoin" this guy falsely sells bitcoin cash as bitcoin

Ok this is funny. Something that came from Bitcoin is the "true" Bitcoin? Yeah makes sense. Seems like the logical thought process of a certain group of people i sadly know.

That is an interesting fact since i'm sure a lot of people inside the community not really know that, especially since the sites are pretty much alike. That is precisely the way how phishing works, making an alike site and done. Person deceived.
hero member
Activity: 1078
Merit: 501
March 21, 2019, 03:37:19 PM
#57
From Bitcoin.it:
On May 18, 2011 (1 year after Pizza Day), a miner mined a 49.99999999 BTC block.
On December 30, 2017, a miner lost the 12.5 BTC block reward to fees.

thanks! I added them
This is history but with each passing year I have seen bitcoin rising and getting value, I think it will not take so long to have profit and benefits from it, mining, trading, investing makes bitcoin more valuable for investors and it makes good history for passing years, long ago it was not having the value it has right now.
member
Activity: 349
Merit: 10
March 16, 2019, 11:07:59 PM
#56
There is nothing to worry about, because bitcoin will continue to grow year after year, if you feel bitcoin is now down. Take a look at 5 years ago how the price of bitcoin was very low and see now how it grew, so wait for growth next year.
The history of bitcoin is good enough to predict, but don't worry
The development of bitcoin in my opinion is very extraordinary, considering that ten years ago when it was created the price was only enough to buy pizza, now it costs thousands of dollars for one bitcoin. So do not see the development of bitcoin prices every day, but must be in a certain period of time, for example every year.
It is certainly not fair to link the decline in bitcoin prices lately with the destruction that seems to be going on with this digital currency, even though this in my opinion is only a price cycle that is sure to overwrite any business field. So be patient and believe that bitcoin will be successful again.
member
Activity: 280
Merit: 14
March 16, 2019, 03:52:55 PM
#55
Amazing historical compilation of bitcoin you where really detailed in searching out archive facts about bitcoin
I know it would be helpful to the community especially the newbies
hero member
Activity: 1092
Merit: 501
March 16, 2019, 02:36:22 PM
#54
There is nothing to worry about, because bitcoin will continue to grow year after year, if you feel bitcoin is now down. Take a look at 5 years ago how the price of bitcoin was very low and see now how it grew, so wait for growth next year.
The history of bitcoin is good enough to predict, but don't worry
yeah agree, there is nothing to worry about about the future of Bitcoin because from year to years Bitcoin will to keep grow. from years 2009 until now Bitcoin is still to keep alive and more growing, so I also hope that in the coming year Bitcoin prices can go up again as we saw at the end of years 2017 ago.

Indeed bitcoin has strong background and it has been in market since long it will be there forever, it grows with time and we will have to look at the perfect time to invest and for selling, last year in 2018 price was low those who bought at low price are now holding and will sell at high price in 2019 as we can see price already has started to rise.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
March 16, 2019, 01:24:30 PM
#53
From Bitcoin.it:
On May 18, 2011 (1 year after Pizza Day), a miner mined a 49.99999999 BTC block.
On December 30, 2017, a miner lost the 12.5 BTC block reward to fees.
sr. member
Activity: 1701
Merit: 308
March 02, 2019, 01:25:19 PM
#52
There is nothing to worry about, because bitcoin will continue to grow year after year, if you feel bitcoin is now down. Take a look at 5 years ago how the price of bitcoin was very low and see now how it grew, so wait for growth next year.
The history of bitcoin is good enough to predict, but don't worry
sr. member
Activity: 1512
Merit: 351
★Bitvest.io★ Play Plinko or Invest!
February 27, 2019, 02:19:57 PM
#51
This thread is helpful to study the history of bitcoin, the only one topic that capture my interest is the pizza man. Lol.

Furthere more it is interesting topic to follow,  even theres a lot of event missing. Thank for creating this thread, i can now back in time. The time that i was really missed the ride.

There's this timeline that was started on http://historyofbitcoin.org/, quite a lot of useful dates to make note of, for me particularly, the dates Bitcoin value was first established on an exchange (October 5 2009) and quote:

Quote
New Liberty Standard publishes a Bitcoin exchange rate that establishes the value of a Bitcoin at US$1 = 1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins.

Also when it reached parity with the US dollar, if price tracking is important (it's not, but significant).

The timeline ends abruptly in 2014, but it was resurrected here, all the way to March 2017:
http://www.therevolutionwillnotbecentralized.com/timeline/

This shows bigger picture: https://timelines.issarice.com/wiki/Timeline_of_Bitcoin


And also thanks for this additional info. It can help me to undertand the whole missing things on my research about the history of bitcoin.
I agree. This thread will help most especially to newcomers that knows nothing about the history of Bitcoin. I personally don't even know much but I made a research that is why I have knowledge about Bitcoin and I keep on reading important things here in this forum regarding Bitcoin. The pizza thing is the most popular story I've heard ever since I get into the crypto community aside from security breaches.
sr. member
Activity: 994
Merit: 252
February 26, 2019, 03:49:00 PM
#50
May 17, 2013: The first major Bitcoin Conference was held at the San Jose Convention Center.
August 17, 2012: Bitcoin Savings & Trust, the biggest Bitcoin-based Ponzi scheme, collapsed with victims losing millions of dollars.
November 19, 2009 - I (typo) Satoshi created the Bitcointalk.org site.


Thanks for the facts! Ill add them now
Wow this is really helpful to us and that’s really nice to see how deeply you searched about bitcoin, it is remarkable increase in price with every year and having this mush potential is not possible for any coin now a day, this is enough for new investors to like and invest in bitcoin for such amazing performance year by year.
legendary
Activity: 1596
Merit: 1011
February 26, 2019, 11:21:42 AM
#49
Bitcoin is the first cryptocurrency that was introduced by the year 2009 by an unknown person or group named by Satoshi Nakamoto still his identity is remained a mystery .The  .Bitcoin is a peer to peer electronic cash system The Block chain technology   verifies the transaction records of.Bitcoin.. Even though bitcoin was introduced by 2009 it was only mined and  not traded till 2010 .By 2010 somebody sold Bitcoin for buying pizza and that was the first trading, from that transaction on wards  the popularity of Bitcoin increased  and the idea of decentralization inspiring  other alternative crypto currencies to appear.

starting from something so simple and worthless now bitcoin is becoming a force in the global financial system. Bitcoin has gained trust from the public and this is something that is worthy of appreciation. I am so happy when I see many people who feel comfortable when using bitcoin. Bitcoin is revolutionary and Bitcoin will make an amazing new history.
full member
Activity: 419
Merit: 100
February 26, 2019, 03:05:09 AM
#48
 Bitcoin is the first cryptocurrency that was introduced by the year 2009 by an unknown person or group named by Satoshi Nakamoto still his identity is remained a mystery .The  .Bitcoin is a peer to peer electronic cash system The Block chain technology   verifies the transaction records of.Bitcoin.. Even though bitcoin was introduced by 2009 it was only mined and  not traded till 2010 .By 2010 somebody sold Bitcoin for buying pizza and that was the first trading, from that transaction on wards  the popularity of Bitcoin increased  and the idea of decentralization inspiring  other alternative crypto currencies to appear.
legendary
Activity: 2800
Merit: 3443
Join the world-leading crypto sportsbook NOW!
February 22, 2019, 09:26:00 AM
#47
Been a while since I checked back here, looks like there's enough to keep this thread alive, maybe when it's almost fully populated, I'd be willing to host somethiing nicely done up with graphics (again something similar to the timeline from the original historyofbitcoin website).

Here is 1 interesting tidbit I want to contribute, we should also have a vote to see if some items are worthier than others, since this shares the same date as Halving Day in 2012!

28 Nov 2018 https://home.treasury.gov/news/press-releases/sm556
The US government sanctions two bitcoin addresses, identifying them as being associated with two Iranian individuals accused of facilitating "Malicious Cyber Activity".
legendary
Activity: 1932
Merit: 1321
Bitcoin needs you!
February 22, 2019, 09:15:26 AM
#46
Great topic
4th Jan 2008 - Bitcoin.com registered

bitcoin.com is not related to bitcoin, its for bitcoincash
Indeed - but why was it registered then ? More questions than answers, I believe?

I don't really think that https://www.bitcoin.com is for bitcoincash but instead it is a wallet as well as mining pool available there. Bitcoin.com was the first official website for bitcoins and this (bitcointalk.org) was the forum of that website. Later on as the demand start rising, new competitors were seen and bitcoin.com website was not been used to that extend. We must never forget those who programmed bitcoins because they did a really great work.

not quite true, satoshi first registered bitcoin.org not bitcoin.com as it was already taken, later some bitcoin cash fan bought out the bitcoin.com and since all the bitcoin cash supporters call bitcoin cash the true "bitcoin" this guy falsely sells bitcoin cash as bitcoin
I’ve done quite a bit of research, but I’m unable to find who registered bitcoin.com first,if anyone has better luck than me , please let me know. Since 2014 it’s been owned by Roger Ver or at least a company associated with him
legendary
Activity: 1092
Merit: 1001
February 21, 2019, 01:02:00 PM
#45
Great topic
4th Jan 2008 - Bitcoin.com registered

bitcoin.com is not related to bitcoin, its for bitcoincash
Indeed - but why was it registered then ? More questions than answers, I believe?

I don't really think that https://www.bitcoin.com is for bitcoincash but instead it is a wallet as well as mining pool available there. Bitcoin.com was the first official website for bitcoins and this (bitcointalk.org) was the forum of that website. Later on as the demand start rising, new competitors were seen and bitcoin.com website was not been used to that extend. We must never forget those who programmed bitcoins because they did a really great work.
hero member
Activity: 2870
Merit: 642
February 20, 2019, 06:14:08 PM
#44
I love people who are doing this kind of efforts.
Merits for that.
It is like a summary of what happened before. Although it is history already, it is an important part for bitcoin specially to the newbies who have been creating threads here and there asking questions which have been asked several times. I am not saying it is boring to answer them.
It is just that it is kind of difficult to find the words by now.
Maybe this could help them a lot.

Thank you for creating this.

Please do update the first post though and not put it in other pages. I guess your reserves are meant for that right?
legendary
Activity: 1932
Merit: 1321
Bitcoin needs you!
February 20, 2019, 05:53:58 PM
#43
Great topic
4th Jan 2008 - Bitcoin.com registered

bitcoin.com is not related to bitcoin, its for bitcoincash
Indeed - but why was it registered then ? More questions than answers, I believe?
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