February — The first ever cryptocurrency exchange, Bitcoin Market, is established. The first trade takes place a month later. April — The first public bitcoin trade takes place: 1000BTC traded for $30 at an exchange rate of 0.03USD/1BTC May — The first real-world bitcoin transaction is undertaken by Laszlo Hanyecz, who paid 10000BTC for two Papa John’s pizzas (Approximately $25 USD) June — Bitcoin developer Gavin Andreson creates a faucet offering 5 free BTC to the public July — First notable usage of the word “blockchain” appears on BitcoinTalk forum. Prior to this, it was referred to as ‘Proof-of-Work chain’ July — Bitcoin exchange named Magic The Gathering Online eXchange—also known as Mt. Gox—established August —Bitcoin protocol bug leads to emergency hard fork December — Satoshi Nakamoto ceases communication with the world
January — One-quarter of the eventual total of 21M bitcoins have been generated February — Bitcoin reaches parity for the first time with USD April — Bitcoin reaches parity with EUR and GBP June — WikiLeaks begins accepting Bitcoin donations June — Mt. Gox hacked, resulting in suspension of trading and a precipitous price drop for Bitcoin August — First Bitcoin Improvement Proposal: BIP Purpose and Guidelines October — Litecoin released December — Bitcoin featured as a major plot element in an episode of ‘The Good Wife’ as 9.45 million viewers watch.
May — Bitcoin Magazine, founded by Mihai Alisie and Vitalik Buterin, publishes first issue July — Government of Estonia begins incorporating blockchain into digital ID efforts September — Bitcoin Foundation created October — BitPay reports having over 1,000 merchants accepting bitcoin under its payment processing service November — First Bitcoin halving to 25 BTC per block
February — Reddit begins accepting bitcoins for Gold memberships March — Cyprus government bailout levies bank accounts with over $100k. Flight to Bitcoin results in major price spike. May —Total Bitcoin value surpasses 1 billion USD with 11M Bitcoin in circulation May — The first cryptocurrency market rally and crash takes place. Prices rise from $13 to $220, and then drop to $70 June — First major cryptocurrency theft. 25,000 BTC is stolen from Bitcoin forum founder July — Mastercoin becomes the first project to conduct an ICO August — U.S. Federal Court issues opinion that Bitcoin is a currency or form of money October — The FBI shuts down dark web marketplace Silk Road, confiscating approximately 26,000 bitcoins November — Vitalik Buterin releases the Ethereum White Paper: “A Next-Generation Smart Contract and Decentralized Application Platform” December — The first commit to the Ethereum codebase takes place
January — Vitalik Buterin announces Ethereum at the North American Bitcoin Conference in Miami February — HMRC in the UK classifies Bitcoin as private money March — Newsweek claims Dorian Nakamoto is Bitcoin creator. He is not April — Gavin Wood releases the Ethereum Yellow Paper: “Ethereum: A Secure Decentralised Generalised Transaction Ledger” June — Ethereum Foundation established in Zug, Switzerland June — US Marshals Service auctions off 30,000 Bitcoin confiscated from Silk Road. All are purchased by venture capitalist Tim Draper July — Ethereum token launch raises 31,591 BTC ($18,439,086) over 42 days September — TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap October — ConsenSys is founded by Joe Lubin December — By year’s end, Paypal, Zynga, u/, Expedia, Newegg, Dell, Dish Network, and Microsoft are all accepting Bitcoin for payments
January — Coinbase opens up the first U.S-based cryptocurrency exchange February — Stripe initiates bitcoin payment integration for merchants April — NASDAQ initiates blockchain trial June — NYDFS releases final version of its BitLicense virtual currency regulations July — Ethereum’s first live mainnet release—Frontier—launched. August — Augur, the first token launch on the Ethereum network takes place September — R3 consortium formed with nine financial institutions, increases to over 40 members within six months October — Gemini exchange launches, founded by Tyler and Cameron Winklevoss November — Announcement of first zero knowledge proof, ZK-Snarks December — Linux Foundation establishes Hyperledger project
January — Zcash announced February — HyperLedger project announced by Linux Foundation with thirty founding members March — Second Ethereum mainnet release, Homestead, is rolled out. April — The DAO (decentralized autonomous organization) launches a 28-day crowdsale. After one month, it raises an Ether value of more than US$150M May — Chinese Financial Blockchain Shenzhen Consortium launches with 31 members June — The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker’s Ethereum account July — The DAO attack results in a hard fork of the Ethereum Blockchain to recover funds. A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic July — Second Bitcoin halving to 12.5BTC per block mined November — CME Launches Bitcoin Price Index
January — Bitcoin price breaks US$1,000 for the first time in three years February — Enterprise Ethereum Alliance formed with 30 founding members, over 150 members six months later March — Multiple applications for Bitcoin ETFs rejected by the SEC April — Bitcoin is officially recognized as currency by Japan June — EOS begins its year-long ICO, eventually raising $4 billion July — Parity hack exposes weaknesses in multisig wallets August — Bitcoin Cash forks from the Bitcoin Network October — Ethereum releases Byzantium soft fork network upgrade, part one of Metropolis September — China bans ICOs October — Bitcoin price surpasses $5,000 USD for the first time November — Bitcoin price surpasses $10,000 USD for the first time December — Ethereum Dapp Cryptokitties goes viral, pushing the Ethereum network to its limits
January — Ethereum price peaks near $1400 USD March — Google bans all ads pertaining to cryptocurrency March — Twitter bans all ads pertaining to cryptocurrency April — 2018 outpaces 2017 with $6.3 billion raised in token launches in the first four months of the year April — EU government commits $300 million to developing blockchain projects June — The U.S. Securities and Exchange Commission states that Ether is not a security. July — Over 100,000 ERC20 tokens created August — New York Stock Exchange owner announces Bakkt, a federally regulated digital asset exchange October — Bitcoin’s 10th birthday November — VC investment in blockchain tech surpasses $1 billion December — 90% of banks in the US and Europe report exploration of blockchain tech
January — Coinstar machines begin selling cryptocurrency at grocery stores across the US February — Ethereum’s Constantinople hard fork is released, part two of Metropolis April — Bitcoin surpasses 400 million total transactions June — Facebook announces Libra July — United States senate holds hearings titled ‘Examining Regulatory Frameworks for Digital Currencies and Blockchain” August — Ethereum developer dominance reaches 4x that of any other blockchain October — Over 80 million distinct Ethereum addresses have been created September — Santander bank settles both sides of a $20 million bond on Ethereum November — Over 3000 Dapps created. Of them, 2700 are built on Ethereum
A question to the NEM Dev’s The age of extinction. (Feel free to delete again Nem)
This will be a too long didn’t read for many but for the few enjoy. I and my three friends were caught up in the age of extinction and were awarded 2 of 4 accounts when the NEM dev in charge couldn’t decide if we were 4 guys or 1 guy with sock puppets. This was after providing all information and proof that was requested such as linked in accounts and Facebook accounts that were never verified (Ie never messaged) by the dev in addition to volunteering to provide any additional information that could prove definitively one way or the other that we were 4 guys. (an offer which was repeatedly ignored as can be seen in the below emails) So the question, has the dev team ever considered actually bringing someone in to review the information in an unbiased manner to determine without a doubt that legitimate NEM supporters weren’t turfed? After all the accounts are all still sitting in the development fund so they are there, and the Nem tokens still do exist so they could be issued in order to ensure that the fair egalitarian thing is done. In our case it came to a coin toss Also my offer still stands we are willing to all prove that we are real live people who all went to university together who lived in residence ie the same home together and all went to Vegas together as well as any other evidence that you require to prove that you made a mistake. Ps when are we getting the silver coins…. “original Nemians will get this” For amusement sake I have included the bitcoin talk emails between my group patmast3r and makoto1337 so if you are all bored feel free to read and watch a little begging a little banter and what became a growing frustration. But if you do manage to read it all you will see that in the end offers of proof were ignored and that makoto1337 wasnt really sure. Oh and if a dev wants to actually read them in btt I would be happy to show them. Now the facts: Me and my friends provided all information that was requested of us. We provided linked in account and facebook accounts upon the dev teams request however no one was ever contacted ie messaged to verify if they were legitimate. We offered to provide any additional information that the dev team could think of to prove that we were legitimate. If we were sock puppets having survived the first few rounds of culling why didn’t we take the early tokens that were offered and run, why did we stick around for the additional rounds that the devs made clear were coming? Now to answer some questions that will be forth coming. Why didn’t you guys bring this up before, we have tried however there has never really been a public forum in which I might get a legitimate answer and until recently did not use reddit as you can see from the age of my account. Why were all of your IP addresses different if you lived in the same place? The answer is that we all lived in the university residence (which we can prove) and we all ran vpn’s because we like a diverse range of Netflix. If you all had different IP’s how did they even associate your accounts and decide you were sock puppets, well we all went for a trip to Vegas to celebrate convocation from University and while we were there we checked on NEM (which we can prove there are picture) Why were your bitcoin talk accounts so new, back then who’s wernt? In order to participate in NEM you needed a BTT account so we signed up for them. Why were to login so far apart and at times one after the other, because I got the guys into NEM and was the driving force prodding them along. If you guys weren’t a sock puppet why didn’t you fight harder?? I did I asked the man in charge and he made his decision so what could I possibly do? Why did you guys take the two accounts in the end instead of holding out. Well when you get fleeced and you get the option of keeping half of your money or none of it you take half. You guys are just a couple of NEM losers looking to cash in now and probably have nothing to do with NEM anymore. Actually after we divided the accounts I was tasked not so long ago with cashing it out, I also still trade a little under half a million in NEM coins on a regular basis. Squibbels The Age of Extinction Please Read « Sent to: makoto1337 on: March 13, 2015, 11:55:49 PM » Hello Makoto I will keep this short as I imagine you are a busy man these days. I am emailing on behalf of myself and three of my buddies J, J and G as we figured that it was best to just send one message and let you decide on a course of action rather than to send four separate messages saying more or less the same thing, however if you would like we can each send you one. The situation is this, our four accounts have been flagged as sock puppets I am guessing because we are roommates and have moved all accounts to one machine, we didnt realize that this would cause an issue. So my question is what can we do and what do you need from us to prove that without a doubt that these account belong to four separate individuals. If you need we can even send a scanned copy of our driver’s licenses to prove that these belong to four separate individuals. I convinced my three friends to join Nem because it looked like it could be a fun coin and I came across it when I was getting into mining and attempting to figure out config files for cards. Anyways I have helped them along the way with figuring out bitcoin clients and the Nem client and purchasing their stakes and so on. One guy knows what he is doing more or less when it comes to this type of thing and the other two don’t really know that much. Basically we are their IT support in most things computer related..... Initially they were eager to learn however they did not expect the launch to take as long as it has even though I warned them beforehand that it may take a long time and that it might not even launch at all. As a result they have mostly lost interest until the launch and have left account maintenance to me and spend most of their Nem time making fun of me because I convinced them to actually spend money on their stakes where as I got mine for free. So the facts We are talking about 4 accounts here not 40 or 50 or 200 like that crazy sock puppet person. If these four accounts were sock puppets why would I not have simply loaded up on accounts during the free account registration period and avoided paying actual cash for them. I think my one buddy spent like $60 or a $100 buck the plus side to that is I got cash in hand for my bitcoin instead of paying an exchange/withdraw fee. If these 4 accounts were sock puppets ie pump and dumpers we would have exchanged them for Nxt tokens and dumped them when each stake was worth $3600 but we didnt! The reason our BTT accounts have been dead is because we for the most part only got them for Nem and are active on your FB page instead I under the Name of blank I am both positive and Negative in my posts as I find it gets the conversation going...... I am also the one that jokingly suggested a Nem Dev date auction. We recently just threw all of the accounts on to one primary laptop to make life easier since the two guy lost interest in it until launch and G did not feel like deleting his Java again, deleting Nem client files again and then doing another fresh install every time a new beta was posted. We figured it was just easier to run one machines and keep it up to date then once everything launched if it launched we could go from there. We didn’t think that or at least I certainly did not think that since a person could now own/redeem multiple accounts from the exchange that centralizing all accounts would be an issue. You can look at this two ways I suppose, the first would be that these account belong to four University buddies who hang out with one another a lot and live together or they are sock puppet accounts. Once again we are willing to do whatever is needed to prove that these accounts belong to four separate people some of us more eagerly than others. So please let us know what we need to do the get this resolved, hope you have a great weekend and thank you for your time Makoto. makoto1337 Legendary I am not Dorian Nakamoto. « Sent to: Squibbels on: March 24, 2015, 07:45:35 AM » Hi, Sorry for the late reply. Things have been quite busy. I have no problem with giving you 2 of the 4 stakes. Your story is quite long and I confirmed your facebook account. However, it seems a little strange that the 4 of you would all have different IPs when registering from the same computer in the same house. Does that sound reasonable? Squibbels « Sent to: makoto1337 on: March 25, 2015, 05:41:47 AM » Hello Makoto1337 Thank you for the reply, I can only imagine how busy you guys are getting ready for launch and dealing with account issues such as these. I can also appreciate how different IP's might look a little strange however the explanation is fairly simple as I mentioned to the mysterious Nem Face Book person. We run Hola in order to experience the joys of American, Canadian and United kingdom netfilx as well as other on-line content. That combined with the fact that we were worried that we would get into this situation where we looked like sock puppets we did our best to avoid that situation basically by changing our vpn.... apparently we failed and then once multiple accounts could be claimed we didn't or at least I didn't think there there would be an issue combining everything and waiting for launch. I imagine no matter how you look at it if you have 2, 3 ,4 or 5 people living in one place they are potentially going to come off as sock puppets. Two accounts are tempting however unless we share them amongst the four of us at least two guys are getting hung out to dry. We are willing to do whatever you need us to do the prove that we are in fact four guys living at the same place. If you are worried about us being sock puppets and dumping on launch you could always give us some of the accounts back after the launch and in the mean time we could just split the two Nem accounts 4 ways until then. That way we can prove that we arnt just here to pump and dump and if we are sock puppets we wouldn't have any negative effect on the launch of Nem. Does that sound reasonable or is there something else that we can do to actually get all four of our accounts back? makoto1337 Legendary I am not Dorian Nakamoto. Hi, Sorry for the late reply. We are busy with launch, but will consider your case some more post-launch Sorry for the inconvenience! Squibbels « Sent to: makoto1337 on: March 30, 2015, 12:54:04 AM » « Bcc: patmast3r » Hello Makoto G, J, J and myself were wondering if we could get an update on the status of our accounts. We realize that you and the Nem team are probably extremely busy with getting ready for the launch of new however since it has been 16 days since this process was started and our accounts were seized we would really like to get this sorted out. As we have stated repeatedly we are willing do whatever is needed to prove that we are four roommates and that these accounts belong to four separate guys. Please get back to us as soon as possible since after waiting for a year and checking repeatedly we would really like to actually be part of Nem and the launch of Nem Thank you for your time. I am not Dorian Nakamoto. « Sent to: Squibbels on: March 31, 2015, 02:05:08 AM » All the funds from the accounts marked as socks are being put into a multisig account and will be distributed from there based on the outcome of the appeal process. Sorry for the inconvenience. Within 1-2 weeks, it should all be settled. makoto1337 Legendary Squibbels Quick questions! Sorry « Sent to: makoto1337 on: March 31, 2015, 01:31:46 AM » Hey Makoto We were just wondering if you were still going to activate two of our accounts prior to launch and if so which of the two. We were just checking out the new client and kept getting a 121 error. Sorry for bugging you it is just that we are really excited about the New Zealand launch on the first!!!!! If you cant turn two of the accounts on prior to launch and prior to further looking into our account we understand If you can please indicate which of our two accounts will come back on-line Squibbels « Sent to: makoto1337 on: March 31, 2015, 07:57:55 PM » « Bcc: patmast3r » Hello Makoto Sadly I doubt that you and the Nem team can fully appreciate the level of inconvenience and disappointment that this is really causing the people that you have labeled as sock puppet. We have waited for 13 months for this coin to launch with multiple maybe launches and have gotten excited each time only to be disappointed with a delay. Now as Nem readies for launch or well actually has just launched after 13 months of waiting we are now being asked or rather being told to wait another 1 to 2 weeks until the Nem team sits down and decides how plausible each of our stories are and whether or not we will be granted the privilege of being allocated our Nem stakes. Now I one hundred percent agree that this should have been and needed to be done however they way you guys executed it couldnt be more horrible one the Name ie age of extinction that was a big slap in the face for everyone that was nailed innocent or otherwise. 2. Anyone that was a true sock puppet most probably laundered there Btt account through via Nxt tokens the moment you offered them 3. The fact that you had plenty of time to do it pre launch assuring that everyone could be part of launch instead you guys pull this the month of launch and leave a bunch of Nemians holding the bag. Basically saying hey we dont really care about you guys thanks for investing and waiting but we dont really need you around for the launch and hey maybe we will get back to you later. You guys didnt say this however thats what you actions have said. So congrats on burning a bunch of people really interested in Nem heck I cant even run as a Node because I am not part of the genesis and I sure as heck am not putting more money into a coin that just burnt me and my roommates at launch. I am sure that you have heard this before however I felt that I should at least have the right to voice my opinion hey who know maybe you will give the four of us our accounts maybe you will decide hey that I/we have sent to many emails and pissed you guys off so we wont get anything. Regardless of what you decide with mine and my roomates accounts if you truly value and actually care about your community and are as egalitarian as you say. I think the Nem team should consider including a short apology to each account that they deem valid as well as a small compensation of additional Nem for making them miss the Nem launch necessary or not. After all the first two weeks of a new launch are the most exciting and have a tone of potential to sell and buy with the fluctuating price. In my case I was hoping to sell high and buy low to increase my overall Nem holdings however I clearly cant do that now. Anyways there is my rant Nem team I will endeavor to continue keeping my posts civil however I cant really speak for G, K, and J, after all they are their own people and I am surprised that they have even started complaining on your fb page. Have a great launch as I am sure it will be fun makoto1337 Legendary I am not Dorian Nakamoto. « Sent to: Squibbels on: April 01, 2015, 04:48:49 AM » Sorry for the inconvenience. We will get things sorted out fairly soon. Squibbels « Sent to: makoto1337 on: April 01, 2015, 06:09:12 AM » « Bcc: patmast3r » That is beyond the point, today for example as I am sure you know Nem coin was trading for around $15,000 per stake only for about 20 minutes or so. Regardless I could have liquidated my share like many other did clear all of my debt and then bought back in for six shares at 2 bitcoin per share and hung out for the long term. However due to the devs poor planing I and many other merely got to watch, and yes it was poor planning you guys could have done this early enough that it would have been resolved in time for launch. Regardless that opportunity is well past and there will not be any big spikes with the chance to buy back in at a lower cost perhaps there will be a few minor ones if Nem hits other exchanges however they will be minimal. I imagine Nem will make it to .01 or .02 cents eventually in a year or so but hey after 13 months waiting for a final shafting without even the ability to be a node whats another 12 or 24 months. Anyways my suggestion stands that the dev issue and appolagy and some form of compensation for whomever you deem worth of a Nem stake might make them a little less pissed about losing out on the same opportunity that was presented to the rest of the Nem community to you know make 15k and participate in launch. Anyways I am clearly annoyed so before I say something inappropriate I will leave it here and maybe all get a reply saying hey where do we send your guys nem or hey you pissed us off and we had decided that you guys are sock puppets and no we wont bother taking you up on your offer to provide whatever we want as proof that you are four guys. Just try looking at it from our point of view watching from the side lines. Have a good one Squibbels makoto1337 Legendary « Sent to: Squibbels on: April 01, 2015, 06:46:58 AM » Sorry that you missed the chance to dump Anyway, I looked at your data a little more and it is not so convincing that you are all real people. Post counts ranged from 1-6, accounts were registered 8-10 days after NEM was started, and all 4 accounts did not log in for between 148 and 152 days on BTT. Bobthebuilder23 and Squibbels both were last active at the same time as of the analysis. I'm not trying to be mean or anything. We will probably end up giving you 2 of the 4 accounts, but even then I am not sure because all the accounts could be controlled by another user. We will think about this some more, rather than just rejecting outright, though. « Sent to: makoto1337 on: April 01, 2015, 07:18:40 AM » There you go twisting my words Dump no, trade yes. After all Nem coin is a currency if you dont use it what is the point of it. If you can trade it for say 20 bit coins and then re-buy it at 2 why wouldnt you heck if I had my account today and things went well I would have my node running be up $6,000 and would have 10 Nem accounts to hold long term instead of one. After all isnt that what the bulk of nemians were doing today or should they just sit back and look at all there pretty Nem? What can I say I look at potential and profit and I trade real stock in my spare time, I dont have much yet but I have learned a few things such as there will probably be a spike as each exchange takes on Nem so there is an opportunity to sell high and buy low and the more it is traded the more it will be traded like any currency, commodity or company on txm is. Secondly I told you I got my roomates on board they registered got there accounts and waited I am Squibbels the squirrel as it is my gaming name G is Bob the builder he was probably a little more active as he is a miner after a while account maintenance fell to one machine and mainly me, even now they are only making the few odd posts on FB because they realized how shafted they just got. I imagine if you look back as per analysis many nemians registered a btt account got a Nem stake and didnt look back except for notifications but hey if you can get them from the guy sitting next to you or via facebook where most people are pretty much permanently logged in why would you bother with btt. As far as the you might be a sock puppet or you might be four guys the thing I find funny is that we have offered to provided you with whatever poof that four people can reasonable provide that they live together and yet you don't seem interested. Seems like a real thorough process. So flip a coin or let us prove that we are who we say we are if this is really a egalitarian process rather then just a couple of guys sitting in a room saying hmm he/she has a good story but that guy over there we arent so sure. Anyways I have said what I have to say so there really isnt much more that I can do/say. So I guess all wait for one of three emails B, G, J and K where can we send your Nem Guys please provide us with x info so we can get this sorted out. Great story guys but your out have a good one. Or some other variation . Anyways regardless of how the devs could have handled this prior to launch good job on a successful coin launch and no crashes. Have a good one. makoto1337 Legendary I am not Dorian Nakamoto. « Sent to: Squibbels on: April 01, 2015, 07:35:13 AM » I must give you credit for being persistent Can you give me some linkedin/facebook pages, etc? Something to prove these are real people? So far I am just getting messages from you, so it would help make your case better with more evidence. Otherwise, people are allowed 2 accounts (1 for themselves, 1 for a loved one), so that is probably the decision that will be made. Anyway, I was awake until 3 AM, so you probably don't want me to make a firm decision today « Sent to: makoto1337 on: April 01, 2015, 03:19:09 PM » « Bcc: patmast3r » I find that you do not get anywhere unless you are willing to be persistent so all take that as a compliment. Firstly I can assure you in regards to one account for you one for a loved one that I do not love any of these guys. Well maybe G face. To prove that other three guys are real people here are copy/pasted links to there fb accounts. https://www.facebook. https://www.facebook. https://www.facebook. If you need anything else feel free to let me know or message one of those guys. Have a good day. makoto1337 Legendary « Sent to: Squibbels on: April 01, 2015, 03:28:13 PM » Thanks for the quick reply. Which FB profile is with which BTT acct? Squibbels « Sent to: makoto1337 on: April 01, 2015, 07:11:41 PM » Bit coin talk accounts are Me Squibbels and If I recall correctly bitcoin talk accounts for the other three are as follows Bobthebuilder23 https://www.facebook.com/ DoctorNem https://www.facebook.com/ FredandBob https://www.facebook.com/ Thanks for the quick reply. makoto1337 Legendary « Sent to: Squibbels on: April 09, 2015, 07:02:23 AM » Quote Reply Delete The earliest that stakes will be sent out is on the 19th. You'll be in the first batch if we decide in your favor « Sent to: makoto1337 on: April 09, 2015, 05:24:08 AM » Reply with quoteQuote ReplyReply Remove this messageDelete Hello Makoto1337 I have been busy getting ready for my finals so haven't checked in here much lately. We were just wondering if there has been any update in regards to ourselves and Nem as I believe the first mentioned redemption for claims is coming up on the tenth here. Have a good evening. Squibbels makoto1337 Legendary I am not Dorian Nakamoto. « Sent to: Squibbels on: April 10, 2015, 08:44:19 AM » Hi, Sorry for the late reply. We will give back 2 of the 4 accounts. Which 2 would you like to have? « Sent to: makoto1337 on: April 11, 2015, 08:24:53 PM » « Bcc: patmast3r » .... Very well, if that is what you guys have decided you might as well split the nem or xem equally amongst our four accounts. I have listed our account wallet names and addresses below. Feel free to let me know if you need anything further ie there is an issue with the addresses. makoto1337 Legendary Thank you for your reply. We will give back stakes to Squibbels and Bobthebuilder23. Feel free to further share them with others in the future. They will be sent out next week
The origins of bitcoin trace back to 2008, when its creator, who went by the pseudonym Satoshi Nakamoto, published a proof of concept for Bitcoin. The proof was then published to a cryptocurrency mailing list in 2009. Nakamoto left the project in 2010 and disappeared, but other developers picked up the work. Bitcoin's birthday is Jan. 3, when Nakamoto mined the first 50 units of the currency.
An elusive creator
The true identity of Bitcoin's creator has never been confirmed. Newsweek claimed to have found Bitcoin's creator in 2014, identifying Temple City, Calif., resident Dorian Satoshi Nakamoto. He has vigorously denied it. In 2015, an Australian entrepreneur named Craig Wright said he was Bitcoin's creator, but he couldn't produce the evidence to support his claim. Whoever Nakamoto is, that person is very rich, as the creator is estimated to have mined a million bitcoins in the currency’s early days.
Very expensive pizza
The first transaction involving bitcoin was reported on May 22, 2010, when a programmer identified as Laszlo Hanyecz said he "successfully traded 10,000 bitcoins for pizza." As of Nov. 28, 2017, 10,000 bitcoins are worth about $99 million.
You can spend bitcoins
While it may not seem like it, people continue to use bitcoins to buy stuff. The largest businesses to accept the cryptocurrency include Overstock.com, Expedia, Newegg and Dish.
Federal Bureau of Bitcoin
At one point, the U.S. government was one of the largest holders of bitcoin. In 2013, after the FBI shut down Silk Road, a darknet site where people could buy drugs and other illicit goods and services, it took over bitcoin wallets controlled by the site, one of which held 144,000 bitcoins. Investors have been making a killing by bidding on government-seized bitcoins.
A mountain-sized setback
In early 2014, Bitcoin suffered a devastating loss after the alleged hacking of Mt. Gox, a Japanese exchange. About $460 million of the currency (in 2014 value) was stolen. It was the largest loss of bitcoins ever and raised concerns about how secure the currency was.
The billionaires' takes
Warren Buffett, perhaps the most famous investor in the world, was not so keen on Bitcoin one of the only times he addressed the currency. "Stay away from it. It's a mirage, basically," he told CNBC. "The idea that it has some huge intrinsic value is a joke in my view." Fellow billionaire investor Jamie Dimon, chief executive of JPMorgan Chase, had even stronger words about Bitcoin: “You can’t have a business where people are going to invent a currency out of thin air. It won’t end well … someone is going to get killed and then the government is going to come down on it.” But not all billionaires are against Bitcoin. Mark Cuban has said its value is inflated, but he recently invested in a venture capital fund that backs cryptocurrency. Richard Branson, however, has spoken more optimistically about it.
Super wealthy twins and a smart teen
Other notable investors in Bitcoin include Cameron and Tyler Winklevoss (the Harvard-educated twins who sued Mark Zuckerberg claiming that Facebook was based on an idea they'd had). They bought $11 million worth of Bitcoin in 2013, an amount said to be about 1 percent of all bitcoins in circulation at that time. When Bitcoin's value reached more than $11,000 in early December, the twins were declared the first Bitcoin billionaires. The Winklevoss twins have been petitioning the SEC to create a bitcoin exchange traded fund. The agency rejected the idea earlier this year. Another is investor and entrepreneur Erik Finman, who invested $1,000 into Bitcoin when he was 14 years old and is now a millionaire.
Celebrities want in
Celebrities have also expressed enthusiasm for the cryptocurrency. Actor and Goop founder Gwyneth Paltrow advises Abra, a Bitcoin wallet, and Ashton Kutcher, Nas and Floyd Mayweather have all invested in Bitcoin startups.
Support from a big financial institution
In August 2017, Fidelity Investments became a rare standout among financial institutions in embracing Bitcoin and other cryptocurrencies. The company allows its clients to use the Fidelity website to view their bitcoin holdings held through digital wallet provider Coinbase. "This is an experiment in the spirit of learning what these crypto assets are like and how our customers may want to interact with them," Hadley Stern, senior vice president and managing director at Fidelity Labs, told Reuters.
A hard fork
On Aug. 1, 2017, Bitcoin experienced what's being called a "hard fork" as a result of a few issues, including the limited number of transactions that can be processed per second. Essentially, the cryptocurrency split into two, with Bitcoin Cash debuting. Here's how Rob Marvin of PCMag explains the situation: "The Bitcoin fork speaks to a fundamental ideological rift over what's more important: preserving the decentralized nature and independent control of the Bitcoin network, or accelerating transaction speeds to make the cryptocurrency more viable for mainstream ecommerce and payments." Bitcoin Cash allows larger blocks of currency and more transactions per second.
At the end of November 2017, Bitcoin's value reached toward $10,000 per unit. There are some 16.7 million Bitcoin units in circulation, and the cryptocurrency's market capitalization ($167,156,585,840 as of Nov. 28, 2017) is actually higher than that of Disney, McDonald's or IBM, and it is slightly above that of GE.
As of early December, there is another way to invest in Bitcoin without possessing some of the digital currency. On Dec. 10, 2017, Bitcoin futures -- "financial contracts obligating the buyer to purchase an asset or the seller to sell an asset," according to Investopedia -- became available on Cboe, a Chicago exchange. What this means for the future of Bitcoin is uncertain, but some argue it will help stabilize the cryptocurrency's wild price fluctuations.
Dorian Satoshi Nakamoto said that he will be joining the ranks of Bitcoin users after receiving a wallet of 47.925 bitcoins (valued at roughly $23,300) from members of the community by way of a Dorian Nakamoto: ‘I Am No Longer Involved in That and I Cannot Discuss It’ Six years ago, Newsweek’s Leah McGrath Goodman published an exposé on Bitcoin’s inventor and her report claimed it was the California resident Dorian Nakamoto. During the last 11 years there’s been a number of self-proclaimed candidates, as well as those who have been accused of being Satoshi. The Genesis Address – the very first bitcoin address, which is home to the first bitcoin ever mined from the genesis block. It’s assumed to be controlled by Satoshi Nakamoto, although the btc has never moved. There is a technical issue that prevents the original 50 BTC from being transacted. In March 2014, a Newsweek columnist named Leah McGrath Goodman published a story called “The Face Behind Bitcoin.” She claimed Bitcoin’s inventor was a retired physicist named Dorian Nakamoto. When Goodman arrived at Dorian’s home in California, he said he was “no longer involved in that” and he “cannot discuss it.” The commentary prompted Goodman […] Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.
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