History of Bitcoin
birth of bitcoin.org
The domain bitcoin.org is registered at anonymousspeech.com.
white paper published
Satoshi Nakamoto publishes the white paper on a new electronic cash system that’s fully peer-to-peer with no trusted third party on the bitcoin.org website through a cryptography mailing list.
white paper announced
Satoshi Nakamoto announces the release of his white paper on the bitcoin.org site.
The Bitcoin Protocol gets onto sourceforge.net where open source software are developed and distributed.
the Genesis Block
Block 0, also known as the Genesis Block is mined and starts the first bitcoin into circulation.
1 btc = US$0
Bitcoin holds no value for the next over one year. Users were cryptography enthusiast who were transacting bitcoins amongst one another for fun. Exchanges and markets were still non-existent.
version 0.1 released
Version 0.1 of the Bitcoin software is released, which includes a generation system that would create a finite total of 21 million bitcoins to be mined by the Year 2140.
first bitcoin transaction
The first bitcoin transaction takes place between Satoshi Nakamoto and Hal Finney in Block 170.
first exchange rate
A bitcoin value of 1 btc = US$0.00076392 established when New Liberty Standard published this exchange rate calculated by measuring the cost of electricity for a computer to generate bitcoins.
The #bitcoin-dev channel is registered on freenode IRC, a discussion network for free and open source development communities.
version 0.2 released
Version 0.2 of the Bitcoin software is released.
first difficulty increase
The first difficulty increase on the blockchain takes place at 06:11:04 am GMT.
birth of currency exchange
A bitcoin currency exchange is established by dwdollar.
1 btc = US$0 still
A user by the name of SmokeTooMuch auctions 10,000 btc with a starting bid of US$50 on the Bitcoin Forum as a little experiment. The auction runs for 7 days, with the condition that each bid is at least US$1 higher than the previous bid. Since no one started the bidding, user dwdollar offered US$20 as a starting bid, but in the end, no buyer was found. The original post on the forum may be found here.
10,000 btc for 2 pizzas
The first real world application of bitcoin when 10,000 btc was offered by programmer Laszlo Hanyecz to a Bitcoin Talk forum user for 2 Papa John pizzas worth US$25, establishing the value of 1 btc = US$0.0025. Based on recent exchange rates, the 2 pizzas would be worth US$5.12 million in 2014, and US$10.5 million in 2017.
1 btc < US$0.01
10,000 btc accepted for 2 Papa John pizzas worth US$25 establishes the value of 1 btc = US$0.0025.
version 0.3 released
Version 0.3 of the Bitcoin software is released.
surge in Bitcoin users
Version 0.3 of the Bitcoin software mentioned on Slashdot, a news channel for nerds, leads to a surge in new Bitcoin users.
1 btc = US$0.08
The value of bitcoin increases tenfold from US$0.008/btc to US$0.080/btc over a 5-day period from 12 July 2010.
MT. GOX is established
Jed McCaleb establishes MT. GOX - a bitcoin exchange - in Tokyo, Japan. Jed McCaleb used a domain name he had originally registered for an online card trading site for users of the Magic: The Gathering Online eXchange service. MT. GOX was handling 70% of all bitcoin transactions by 2013. In 2014, MT. GOX announced that around 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time.