Happy 9th Birthday Bitcoin! A Timeline of Cryptocurrencies
Hi everyone! October 31st, 2017 marks the 9th Birthday of "Bitcoin: A Peer-to-Peer Electronic Cash System." Nine years ago, the pseudonymous and mysterious Satoshi Nakamoto released the official Bitcoin whitepaper, and started the cryptocurrency revolution that is still developing today.
In this article, we'll look through a timeline of cryptocurrencies and BTC. We'll skim through many of the events that pushed cryptocurrencies and Bitcoin onto the global stage. Let's begin!
A Timeline of Bitcoin
See below for a brief timeline of Bitcoin.
In August of 2008, the pseudonymous Satoshi Nakamoto registered the domain
bitcoin.org, and in November released the Bitcoin Whitepaper to a cryptography mailing list.
In January 2009, the blockchain begins filling up with blocks, and the first P2P transaction is sent between Satoshi and developer Hal Finney.
The first Bitcoin exchange is established by _New Liberty Standard_, with the beginning Bitcoin price at around $0.0007 USD.
The first public "real-world" transaction occurs in early 2010. 10,000 BTC (currently worth over $60M) is transacted to buy 2 _Papa John's_ pizzas.
In February 2011, Bitcoin touches the $1 USD price.
The Bitcoin Foundation is created with the purpose of protecting and promoting Bitcoin, in late 2012.
In early 2013, Bitcoin hits a market cap of one billion dollars.
In May 2013, the first Bitcoin ATM is unveiled.
In late 2014, Microsoft began their acceptance of Bitcoin. BTC could be used to purchase Xbox games, Windows Store apps, and more.
In early 2016, the Bitcoin network recorded a total hashpower of 1 Exahash per second.
In early 2017, the price of Bitcoin exceeded the spot price of 1 ounce of Gold for the first time.
The United States SEC forms a "Crypto Unit" with powers related to cryptocurrencies and ICOs.
It's October 31st, 2017, and Bitcoin is celebrating it's 9-year birthday. We love you, Bitcoin.
Conclusions
Though the above timeline is accurate and includes many milestone events, there are a few cryptocurrency events we may have missed.
A notable one for us here on STEEM is March 2016, when the STEEM Whitepaper was released, beckoning the creation of the first social media blockchain we know and use today.
Hopefully you've enjoyed this nine-year journey, no matter when you hopped in. I know I have.
Thanks for reading,
— @mooncryption
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Happy Birthday to BTC ...and its really brief and historical info of btc
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Happy birthday Bitcoin! 🎂
What you think about the 10th birthday? I dont know if it would maintain this momentum.. :-o
Hopefully it does! The decade celebration better be as grand as this one, perhaps accompanied by a $10,000 Bitcoin (if we don't get there this year :P)
wyatb bit coin @mooncrytion
It has been a fantastic journey😁 looking forward to the next 9 years!
Me too! :)
The best part from the timeline is PIZZA :)
:) That pizza was probably quite tasty for the owners, but they would probably choke it all out if they knew it was going to be worth $60 million dollars!
This post has received a 5.88 % upvote from @sleeplesswhale thanks to: @steem-buzz.
Still to this day i kick my self in the ass for not buying BTC way back when lol and i knew about it when it was cheap -___-
Same here. The best thing to do now is to just hold BTC and never sell; I don't want to make the mistake I made again.
Agreed even if it's not one whole btc. I'm buying some tonight after work.
The first bitcoin price was only $0.0007 USD?? And now, in only 9 years, it is 6000$!! Who guessed?
Nice history of bitcoin is presented in concise way. Good article.