flipbook bitcoin digital media theory-albert winters
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Bitcoin History FlipbookTRANSCRIPT
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Bitcoin: A Brief History
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August 2008: Bitcoin.org registered
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January 2009: Version 0.1 of Bitcoin is released with limited interface
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A few days later the first Bitcoin transaction occurs between Bitcoin creator Satoshi Nakamoto and a
software developer
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October 2009: New Liberty Standard creates a Bitcoin exchange rate
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February 2010: First Bitcoin Market is established to exchange Bitcoin for other currencies
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May 2010: A Florida Programmer makes the first ever purchase using Bitcoins. He buys a pizza for 10,000 Bitcoins (Value at the
time was 25 Dollars)
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July 2010: Bitcoin value increases tenfold in a matter of days. It goes from $0.008 per Bitcoin to $0.80
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A few days later MtGox is established. It has become the preeminent Bitcoin exchange
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In 2011 the Silk Road launches. It is a website where users can buy illicit drugs with anonymity thanks to Bitcoin
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February 2011: Bitcoin reaches same price as US Dollar
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June 2011: Biggest security breach in Bitcoin history as hackers break into MtGox database and change Bitcoin prices forcing the
market to shut down for a few days
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June 29 2011: First Bitcoin wallet for smartphones is launched
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August 2011: MyBitcoin, an exchange, is hacked for 2 million dollars worth of Bitcoins
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December 2012: European Bitcoin Exchange Bitcoin Central becomes first exchange to be licensed as a bank
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February 2013: Bitcoin trades at 30$ for the first time since a price bubble in mid 2011
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March 2013: US Treasury department defines its stance on Bitcoin
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March 2013: Bitcoin Market Cap hits 1 Billion Dollars
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April 2013: Bitcoin bubbles up to being worth US$ 266 per BTC before crashing and stabilizing at around 100 US dollars
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May 2013: First Bitcoin ATM unveiled in San Diego
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3 Million Dollars seized from a MtGox subsidiary by Homeland Security for not registering as a money transmitting business
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Winkelvoss Twins file Bitcoin Trust with SEC to make investment into Bitcoin easier
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November 2013: Senate hearing held to discuss the legitimization of Bitcoin which leads to the price to surge to over 1000 US
dollars per Bitcoin
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China’s Central Bank bans Bitcoin transactions becoming the first nation to make major restrictions on Bitcoin trade
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Sources
• http://www.theguardian.com/technology/2014/mar/18/history-of-bitcoin-hacks-alternative-currency
• http://historyofbitcoin.org/• http://blockchain.info/charts/market-price