San Diego, CA -- (ReleaseWire) -- 01/23/2014 -- The history of Bitcoin has seen an incredible journey, with ups and downs that have made headlines from Forbes to Bloomberg. It’s meteoric rise has been met with optimism and uncertainty — many people have yet to discover Bitcoin, and still many more have little grasp of how it came to be. Now, the entire history of Bitcoin has been distilled into an easy to follow timeline that highlights Bitcoin’s history .
Bitcoin’s beginnings trace back to 2008. The anonymous digital cash was first introduced by an unknown hacker going by the pseudonym Satoshi Nakamoto. In fact, the precise date that Bitcoin.org was registered was August 18, 2008. Later on that year, the Bitcoin: A Peer-to-Peer Electronic Cash System was published by Nakamoto, with the software being published soon after.
Since those days, Bitcoin has been on an upward trajectory. 2013 proved to the an incredible year for the crypto-currency as the world watched it grow in value from $13 to over $1000 before settling at its current exchange (at the time of this writing, $815).
While there has been plenty of controversy surrounding Bitcoin, including the online drug marketplace Silk Road , and of course, legal uncertainty as to how it should be treated by lawmakers, the currency still has chugged along, rightfully earning its own meme in the process.
Here are a few more highlights of the history of Bitcoin:
- May 2010 - 10,000 BTC spent on pizza (now worth over $8 million).
- March 2012 - Linode hacked, results in loss of 46,000 Bitcoins for customers.
- January 2013 - Bitpay surpasses 10,000 transactions for merchants, with zero cases of fraud.
- January 2014 - Overstock.com begins accepting Bitcoin, rakes in $124,000 in sales on first day.
If you want to learn more about Bitcoin and its history and evolution, you can get more information by visiting: http://historyofbitcoin.org
About History of Bitcoin
HistoryofBitcoin.org is a site dedicated to chronicling the history of Bitcoin.
History of Bitcoin