Happy Birthday Bitcoin! We celebrate the life of a remarkable 11 year old

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "On that day, 11 years ago, the first bitcoin block (known as the Genesis block) was mined by its mysterious creator Satoshi Nakamoto."data-reactid =" 18 ">On that day, 11 years ago, the first bitcoin block (known as the Genesis block) was mined by its mysterious creator Satoshi Nakamoto.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Block # 0 officially gave birth to Bitcoin. Let's take a look at the crazy ride we've made in her short and remarkable life so far."data-reactid =" 19 ">Block # 0 officially gave birth to Bitcoin. Let's take a look at the crazy ride we've made in her short and remarkable life so far.

Happy Birthday Bitcoin! For the next 11 years

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "On January 3, 2009, the first Bitcoin block was mined. You can see it in Block Explorer Here, The block contains only one transaction. This is the 50 BTC reward Satoshi received for mining."data-reactid =" 21 ">On January 3, 2009, the first Bitcoin block was mined. You can see it in Block Explorer Here, The block contains only one transaction. This is the 50 BTC reward Satoshi received for mining.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Today, 11 years later, there are now more than There are 18 million bitcoins and the price per bitcoin has catapulted from almost zero to zero more than $ 7,300 today."data-reactid =" 24 ">Today, 11 years later, there are now more than There are 18 million bitcoins and the price per bitcoin has catapulted from almost zero to zero more than $ 7,300 today.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "This first block also contained a message written in the code. It is a timestamp that simply says:"data-reactid =" 25 ">This first block also contained a message written in the code. It is a timestamp that simply says:

The Times 03 / Jan / 2009 Chancellor shortly before the second rescue package for banks

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "This was a clear comment on the failure of existing banks and the need for a radically new peer-to-peer currency system – Bitcoin."data-reactid =" 28 ">This was a clear comment on the failure of existing banks and the need for a radically new peer-to-peer currency system – Bitcoin.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Who knows how quickly Satoshi thought his invention would prevail or whether it would even achieve the success she has seen so far."data-reactid =" 29 ">Who knows how quickly Satoshi thought his invention would prevail, or whether it would even achieve the success she has seen so far.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "While Bitcoin has resulted in thousands of other cryptocurrencies and sparked interest in digital currencies supported by the central bank (CBDCs) there is nothing like Bitcoin."data-reactid =" 30 ">While Bitcoin has led to thousands of other cryptocurrencies and sparked interest in central bank-backed digital currencies (CBDCs), there is nothing like Bitcoin.

Unforgettable moments

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "There are very few people in the industry who can claim to have been in Bitcoin from the start. It was exclusively in the area of ​​serious internet freaks and avid computer scientists."data-reactid =" 32 ">There are very few people in the industry who can claim to have been in Bitcoin from the start. It was exclusively in the area of ​​serious internet freaks and avid computer scientists.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Bitcoin's first year was rather uneventful as its acceptance slowly grew in a narrow circle of core developers and cypherpunks. But a milestone would come in 2010."data-reactid =" 33 ">Bitcoin's first year was rather uneventful as its acceptance slowly grew in a narrow circle of core developers and cypherpunks. But a milestone would come in 2010.

The first Bitcoin exchange

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The first Bitcoin exchange was not the most famous (Mt Gox and its rise and fall will certainly take this price), but it was historical in itself."data-reactid =" 35 ">The first Bitcoin exchange was not the most famous (Mt Gox and its rise and fall will certainly take this price), but it was historical in itself.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The Bitcoin market was founded just over a year after the birth of Bitcoin on February 6, 2010 and shows the beginning of the real market value for the digital currency."data-reactid =" 36 ">The Bitcoin market was founded just over a year after the birth of Bitcoin on February 6, 2010 and shows the beginning of the real market value for the digital currency.

The most expensive pizza in the world

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Probably the first really memorable moment for Bitcoin was in May 2010 with the infamous payment for two Papa John's pizzas."data-reactid =" 38 ">Probably the first really memorable moment for Bitcoin was in May 2010 with the infamous payment for two Papa John's pizzas.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Undoubtedly, this transaction swapped a staggering 10,000 bitcoins, making it the most expensive pizza in the world. At today's prices, that would be around $ 73 million!"data-reactid =" 41 ">Undoubtedly, this transaction swapped a staggering 10,000 bitcoins, making it the most expensive pizza in the world. At today's prices, that would be around $ 73 million!

The dark net and the silk road

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "It may not have been one of the most beautiful moments in Bitcoin, but it should be the currency of choice for which it was to be used Buying illegal products and services in the dark web. The Silk Road was created in 2011."data-reactid =" 43 ">It may not have been one of the most beautiful moments in Bitcoin, but it should be the currency of choice for which it was to be used Buying illegal products and services in the dark web. The Silk Road was created in 2011.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "For almost three years (before it was closed by the U.S. authorities and its creator Ross Ulbricht, who was imprisoned forever), BTC's $ 1 million ownership changed and facilitated various shameful acts, from child pornography to cannabis sales and weapons."data-reactid =" 44 ">For almost three years (before it was closed by the U.S. authorities and its creator Ross Ulbricht, who was imprisoned forever), BTC's $ 1 million ownership changed and facilitated various shameful acts, from child pornography to cannabis sales and weapons.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Bitcoin's collaboration with the Silk Road has consolidated the use case as a means of payment and attracted more attention. However, it has also helped to undermine cryptocurrency's reputation as a tool for criminals."data-reactid =" 47 ">Bitcoin's collaboration with the Silk Road has consolidated the use case as a means of payment and attracted more attention. However, it has also helped to undermine cryptocurrency's reputation as a tool for criminals.

The bull market 2013

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "However, Bitcoin was still far from the mainstream. It wasn't until 2013 that the number one cryptocurrency caught more attention. The reason for this was, as with every new wave of adoption, the enormous price swing. The value of a BTC rose from $ 100 to a massive $ 1,000 in just one month."data-reactid =" 49 ">However, Bitcoin was still far from the mainstream. It wasn't until 2013 that the number one cryptocurrency caught the eye. The reason for this was, as with every new wave of adoption, the enormous price swing. The value of a BTC rose from $ 100 to a massive $ 1,000 in just one month.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "This was Bitcoin's first major bull market to hit an all-time high that would not be reached for another four years. On January 3, 2017, the price of Bitcoin rose again above $ 1,000."data-reactid =" 56 ">This was Bitcoin's first major bull market to hit an all-time high that would not be reached for another four years. On January 3, 2017, the price of Bitcoin rose again above $ 1,000.

The collapse of Mt Gox and BTC price

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The world's largest bitcoin exchange at the time, launched in 2010, had spread rumors of careless security and mismanagement of funds even before the hack that deeply shook the bitcoin world was announced."data-reactid =" 58 ">The world's largest bitcoin exchange at the time, launched in 2010, had spread rumors of careless security and mismanagement of funds even before the hack that deeply shook the bitcoin world was announced.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "When Mt Gox was on the verge of collapse in February 2014, its owner Mark Karpeles reported that more than 850,000 bitcoins were stolen. The victims of the hack are still waiting for their money to be returned almost six years later. Karpeles was arrested by Japanese authorities in 2015."data-reactid =" 61 ">When Mt Gox was on the verge of collapse in February 2014, its owner Mark Karpeles reported that more than 850,000 bitcoins were stolen. The victims of the hack are still waiting for their money to be returned almost six years later. Karpeles was arrested by Japanese authorities in 2015.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Bitcoin became the mainstream medium again, but this time for the wrong reasons. The notorious "Mt Gox" hack would again affect Bitcoin's reputation and destroy market confidence, along with the price, which hit a 16-month low in January 2015."data-reactid =" 62 ">Bitcoin became the mainstream medium again, but this time for the wrong reasons. The notorious "Mt Gox" hack would again affect Bitcoin's reputation and destroy market confidence, along with the price, which hit a 16-month low in January 2015.

Banks are beginning to research blockchain technology

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "While many banks were still (at least externally) vehemently against Bitcoin, others were beginning to see its benefits. In May 2015, NASDAQ introduced blockchain technology for processing transactions."data-reactid =" 64 ">While many banks were still (at least externally) vehemently against Bitcoin, others were beginning to see its benefits. In May 2015, NASDAQ introduced blockchain technology for processing transactions.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "In September of the same year, JPMorgan, Goldman Sachs, and Bank of America were among the nine largest banks in the world that had signed a pact to explore blockchain usage in the banking industry."data-reactid =" 65 ">In September of the same year, JPMorgan, Goldman Sachs, and Bank of America were among the nine largest banks in the world that had signed a pact to explore blockchain usage in the banking industry.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "At the beginning of 2016, ICAP Broker was the first to distribute blockchain trade data. In May, Santander Bank began investigating blockchain to track international payments."data-reactid =" 66 ">At the beginning of 2016, ICAP Broker was the first to distribute blockchain trade data. In May, Santander Bank began investigating blockchain to track international payments.

The 2017 madness

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "2017 was the most memorable year in Bitcoin's history. This is the year when Bitcoin and cryptocurrencies in general are really in the spotlight."data-reactid =" 68 ">2017 was the most memorable year in Bitcoin's history. This is the year when Bitcoin and cryptocurrencies in general are really in the spotlight.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The ICO enthusiasm began and the price of Bitcoin rose from just under $ 1,000 on January 1 to almost $ 20,000 at year-end."data-reactid =" 69 ">The ICO madness began and the price of Bitcoin rose from just under $ 1,000 on January 1 to almost $ 20,000 at the end of the year.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "In the same year, a significant Bitcoin fork would also be created Bitcoin cash and the CBoE and CME that come with Bitcoin futures products."data-reactid =" 72 ">In the same year, a significant Bitcoin fork would also be created Bitcoin cash and the CBoE and CME that come with Bitcoin futures products.

The bear market 2018

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "They say that what goes up has to come down, and that was certainly the case with the price of Bitcoin. During the 2018 bear market, BTC would lose more than 70% of its value in the worst year of its existence."data-reactid =" 74 ">They say that what goes up has to come down, and that was certainly the case with the price of Bitcoin. During the 2018 bear market, BTC would lose more than 70% of its value in the worst year of its existence.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "This resulted in many people declaring Bitcoin dead and getting ready to dance on its grave. "data-reactid =" 75 ">This resulted in many people declaring Bitcoin dead and getting ready to dance on its grave.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "From China, which bans cryptocurrency trading, to the U.S. Securities and Exchange Commission (SEC), which acts against ICOs, and large technology companies that block cryptocurrency advertising, 2018 was a wild year for all crypto markets."data-reactid =" 78 ">From China, which bans cryptocurrency trading, to the U.S. Securities and Exchange Commission (SEC), which acts against ICOs, and large technology companies that block cryptocurrency advertising, 2018 was a wild year for all crypto markets.

Institutional support

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Even though 2019 is not going to be the year of institutions in the Bitcoin space, many pioneering events still happened. We have seen major industry players, from ICE Markets & Bakkt to Fidelity Investments to TDAmeritrade."data-reactid =" 80 ">Even though 2019 is not going to be the year of institutions in the Bitcoin space, many pioneering events still happened. We have seen major industry players, from ICE Markets & Bakkt to Fidelity Investments to TDAmeritrade.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "We also started to see high-level talk of Bitcoin, from the Donald Trump tweet to the Chinese President Xi Jinping Approval of blockchain technology (and subsequent dismissal of Bitcoin)."data-reactid =" 83 ">We also started to see high-level talk of Bitcoin, from the Donald Trump tweet to the Chinese President Xi Jinping Approval of blockchain technology (and subsequent dismissal of Bitcoin).

Final thoughts

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Today eleven years have passed since Bitcoin was born. Growth and acceptance can be frustratingly slow for some. Bitcoin has been described by Warren Buffet and Jamie Dimon as a worthless investment Peter Schiff,"data-reactid =" 87 ">Today eleven years have passed since Bitcoin was born. Growth and acceptance can be frustratingly slow for some. Bitcoin has been described by Warren Buffet and Jamie Dimon as a worthless investment Peter Schiff,

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "We cannot be sure whether Bitcoin will continue to grow in the next 11 years or whether it will ever test the all-time highs of 2017 again. "data-reactid =" 88 ">We cannot be sure whether Bitcoin will continue to grow in the next 11 years or whether it will ever test the all-time highs of 2017 again.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Despite all the speculation and doubt surrounding Bitcoin, it remains the world's most powerful asset since its birth with one 9,000,000% rise last decade, which makes it really remarkable."data-reactid =" 89 ">Despite all the speculation and doubt surrounding Bitcoin, it remains the world's most powerful asset since its birth with one 9,000,000% rise last decade, which makes it really remarkable.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Happy Birthday Bitcoin! For the next 11 years."data-reactid =" 90 ">Happy Birthday Bitcoin! For the next 11 years.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The contribution Happy Birthday Bitcoin! We celebrate the life of a remarkable 11 year old first appeared on Münzniet, "data-reactid =" 91 "> The Post Happy Birthday Bitcoin! Celebrating the life of a remarkable 11 year old first appeared on Coin Rivet.