Crypto-Community Celebrates Bitcoin’s 10th Birthday

Crypto-Community Celebrates Bitcoin’s 10th Birthday

This year’s January 3 marks a decade since the first bitcoin block was generated by Satoshi Nakamoto. Back then, in 2009, this person (or group of people) set up the main net for the first cyber-coin ever and mined 50 units of BTC. Today, on bitcoin’s B-Day, we recall its genesis milestones.

Happy Birthday, Bitcoin!

Even though the first 50 bitcoins were mined on January 3, 2009, it all didn’t start from scratch. Around two months before that, on October 31, 2008, Satoshi promulgated bitcoin’s white paper, which you can still find here by following the link.

Until today, the real identity of Satoshi remains an enigma. But the fact that the hash of the genesis block encompasses the title of The Times’s article “Chancellor on The Second Bailout for Banks” may indicate that Satoshi’s intention was to battle the conventional banking system. As it is known, the latter collapsed in 2008 in the global financial crisis.

On this significant day for the whole crypto-community, the BitMEX exchange thanked the creator of Bitcoin in a creative manner. It purchased the advertising space on the front page of the very same The Times, where it printed:

«Thank you, Satoshi. We owe you one. Happy 10th birthday, Bitcoin.»

The first bitcoin transaction took place on January 12, 2009, as Satoshi sent 10 units to Hal Finney. Three days before this, Bitcoin 0.1 was released.

The Future is Now

In 2018, bitcoin became the first cyber-asset which landed the pages of the final G20 declaration. And although last year bitcoin experienced turmoils and lost 80% of its price, it managed to recover from the «dead», as media claimed, 90 times. Meantime, around 1,000 alt coins died and never came back to life last year.

If you want to learn more about what bitcoin achieved last year, check out this collection of memes.

As of writing, bitcoin is traded at $3,888 and is showing a 0.33% growth. Not a terrible start as for 2019, right? Happy Birthday, Bitcoin!

Image Source: Flickr