Hello redditors !
Today we will learn more about the key event on cryptocurrencies and mostly Bitcoin.
Since there a lot of new people around here, I thought it would be great (for people wanting to know) to learn about some important events during the last decade. Of course the list is missing some keystone event, like the bans from India, Russia, China.
So buckle up, it might be a long read, but I hope it will be worth your time :)
- Pre 2010 era, genesis block, transfer and Satoshi Nakamoto
On August 18th 2008, the site bitcoin.org has been purchased.
On October 31st 2008, the whitepaper from Satoshi Nakamato has been published. To date, nobody knows who's behind this name. An email was sent by him to some people using cryptography. The mail contained the adress of bitcoin.org along with these words : "I am working on a new electronic money system entirely peer-to-peer, without trusted third parties".
On November 9th 2008, the first time use of the word Blockchain by Hal Finney, a cryptographer who helped for the creation of PGP. Initially, Satoshi Nakamoto called it a "timestamp server".
On January 3rd 2009, the first Bitcoins were created. This block has been called the Genesis block with the text : "Chancellor on brink of second bail out for banks". This text was the headline of the Times daily newspaper that very same day.
On January 12th 2009, the first transfer of cryptocurrency between Satoshi Nakamoto and Hal Finney.
On October 5th 2009, the first Bitcoin valuation determined by the cost of the electricity production required to create a unit by a computer. Since it wasn't much at that time, the cost was set at US$0.001.
- 2010-2014, Pizza meme, Satoshi leaving, closing of Silk Road and MtGox event, Tether, first halving
On May 22nd 2010, the famous pizza meme. 10,000 bitcoins were transfered to buy 2 pizzas. Laszlo Hanyecz left a message on the Bitcoin Talk forum "I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day [...] If you're interested please let me know and we can work out a deal.” This was the first time BTC was used to buy something.
On December 12th 2010, Satoshi Nakamoto disappeared, leaving a message saying he would hand over to the American developer Gavin Andresen.
During February 2011, the Bitcoin met the Dollar parity, where 1 BTC = $1.00.
On June 15th 2011, WikiLeaks bypassed US sanctions with Bitcoin.
On November 2012, the first halving occurs. Originally, 50 BTC were mined per block. It became then 25 BTC per block.
On March 2013 - Cypriots bought Bitcoins to preserve their savings.
On October 2nd 2013: Silk Road site closes. Hosted on the Darknet, it was used to buy drugs, weapon, using Bitcoin. His creator, Ross Ulbricht has been arrested that day in a library, facing a lifetime jail sentence (on May 29th 2015).
On November 28th 2013, Bitcoin reaches US$1,000.
On February 28th 2014, MtGox went bankrupt following piracy (for a theft of 650 000 BTC).
On October 6th 2014, Tether creates Tether USD (USDT).
On December 2014, China decides to ban Bitcoin.
- 2015-2017 Ethereum, 1st NFT, Halving, Bitfinex, Hard Fork and Craig Wright
On July 2015, Ethereum is co-created by Vitalik Buterin. We then see for the first time the appearance of Smart Contracts.
On October 21st 2015, the very first NFT is created, named Etheria.
On May 2nd 2016, Craig Wright, an Australian computer scientist, proclaimed himself the creator of Bitcoin.
On July 9th 2016, halving of Bitcoin, rewarding 12.5 per block.
On August 2nd 2016, Bitfinex got robbed 119 756 BTC.
On August 2017, Bitcoin is hard forked to create Bitcoin Cash (BCH).
On December 2017, Bitcoin futures contracts are launched. On that same month, the biggest Bitcoin bubble (yet) exploses, after reaching $19 787. It's the beginning of the last (yet again) bear market, following the craze of ICOs.
- 2018 - Today; Lowest price, Halving, Coronavirus, ATH
On December 2018, BTC hit is lowest value since last bullrun of $3 300.
On November 27th 2019, Upbit announced a hack of $50 000 000.
On March 2020, after a few months of Coronavirus around the world, Trump announces on March 12th he will close the USA borders for travel, crashing the traditional markets and Bitcoin following, going from $10 000 to a low $3 800.
On May 11th 2020, the third halving is happening, granting 6.25 BTC per block.
On February 16th 2021, the Bitcoin has reached for the first time ever $50 000.
Today : Bitcoin ATH is $61 844, achieved on March 13th 2021.
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