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Happy 10th Birthday Bitcoin! You Have Made A Lot Of Men Super Rich & Poor - Investment - Nairaland

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Happy 10th Birthday Bitcoin! You Have Made A Lot Of Men Super Rich & Poor by Isuachrist: 6:50am On Jan 04, 2019
After a tumultuous year and most importantly an unforgettable 2017, we can proudly say Happy 10th birthday Bitcoin!

While there are a lot of controversies about Bitcoin, we have to give it up to Bitcoin because through it we have seen many tech millionaires and entrepreneurs than any other industry has produced.

Apart from millionaires, you can think about the influencers in Crypto and of course, the tools that have sprung up for crypto traders.



How Bitcoin Began 10 Years Ago
In 2007: Satoshi Nakamoto... the legend

According to legend, Satoshi Nakamoto began working on the Bitcoin concept in 2007.

We have been asking about who the true Legend is. Just recently some said is Craig is the true Nakamoto because he sunk over 300k Bitcoins to sink the market. But is it not true. I mean, there are no shred of evidence.



However, while the real Satoshi is on record as living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person.



In August 15, 2008: An Interesting Patent Application...

Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application.

All three individuals deny a connection to Satoshi Nakamoto, the alleged originator of the Bitcoin concept.



In August 18, 2008: Bitcoin.org was registered

In August 18, Bitcoin.org was born!

The domain was registered at anonymousspeech.com, a site that allows users to anonymously register domain names and currently accepts Bitcoins.



On the news:

:arrow: Ethereum Core Devs yet to Decide but Binance Will Support HardFork 

:arrow: Crypto/Blockchain Events for January 4, 2019



October 31, 2008: The White Paper Is Published

Nakamoto published a design paper through a metzdowd.com cryptography mailing list that describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied.



November 9, 2008: The Bitcoin Project hits SourceForge

The Bitcoin project is registered on SourceForge.net, a community collaboration website focused on the development and distribution of open source software.



January 3, 2009:The Genesis Block is mined

Block 0, the genesis block, is established at 18:15:05 GMT.



January 9, 2009: Version 0.1 is released

Version 0.1 of Bitcoin is released. Compiled with Microsoft Visual Studio for Windows, it lacks a command line interface and is so complete that it furthers speculation that it was developed by more than one person (or by an academic with little programming experience and a great deal of theoretical know-how).

It includes a Bitcoin generation system that would create a total of 21 million Bitcoins through the year 2040.



January 12, 2009: The first Bitcoin Transaction

The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist.



October 5, 2009: An exchange rate is established

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.

Read more about the sexy history of Bitcoin and all you did not know.

https://iwillteachucrypto.com/happy-10th-birthday-bitcoin/

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