ArtForz establishes hash farm
ArtForz establishes an OpenGL GPU hash farm and generates his first Bitcoin block.
184 billion bitcoins generated due to exploit
A vulnerability in the Bitcoin system that causes bitcoins to be improperly verified is discovered and exploited, resulting in the generation of over 184 billion bitcoins. The block responsible, Block 74638 was orphaned before getting the 120 confirmations required for bitcoins to be validated for spending. The transaction was spotted and erased from the transaction log within hours. The bug was fixed and the Bitcoin network forked to an updated version of the Bitcoin Protocol to prevent such future exploits.
1 BTC = US$0.07
The exploit that caused over 184 billion bitcoins to be verified was fortunately discovered in time, without adversely affecting the price of bitcoin too much.
the mining of Block 79,764
Block 79,764 is the first block to be mined using split allocation of the generation reward.
another exploit discovered
Kermit discovered a microtransactions exploit, leading to the release of Version 0.3.13 of the Bitcoin software.
release of OpenCL miner
The first public version of OpenCL miner is released.
exchange rate starts climbing
The bitcoin exchange rate, which had plateaued at US$0.06/btc for several months, starts ascending.
MT. GOX switches funding option
MT. GOX switches its main funding option from Paypal to Liberty Reserve.
first escrow transaction
Bitcoin Forum members Diablo-D3 and nanotube conduct the first recorded escrow trade of bitcoins with theymos as escrow.
The #bitcoin-otc trading channel is registered on freenode IRC as a marketplace for over-the-counter (otc) trading of bitcoins.
first bitcoin short sale
The first recorded short sale of bitcoins is initiated with a loan of 100 btc from nanotube to kiba, facilitated by #bitcoin-otc over-the-counter market.
market cap exceeds US$1 million
The Bitcoin economy exceeds US$1 million. This was calculated by multiplying the total number of bitcoins in circulation by the last trade of bitcoins on MT. GOX at the price of US$0.50/btc.
bitcoind compiled for Nokia
Bitcoin Forum member doublec compiles Bitcoind written for the Nokia N900 mobile computer.
first mobile bitcoin transaction
The first mobile transaction of bitcoin takes place when ribuck sends 0.42 btc to doublec using Bitcoind compiled for Nokia N900 the previous day.
generation difficulty passes 10,000
The generation difficulty on the Bitcoin network exceeds 10,000. Also on this day, the first bitcoin call option contract was sold from nanotube to sgomick on the #bitcoin-otc market.
warning issued by FATF
The Financial Action Task Force (FATF), an inter-governmental group that develops policies to prevent money laundering and funding of terrorists, publishes the Money Laundering Using New Payment Methods report dated October 2010 as a warning about the use of digital currencies to finance terrorist groups.
Slush Pool mines first block
Slush Pool, the world’s first and thus oldest bitcoin pooled mining, mines its first block using pool mining method where several users work collectively to mine bitcoins and share in the benefits.
1 BTC = US$1.00
1 bitcoin become equal to US$1.00.
1 BTC = US$9.21
Adrian Chen’s article about The Silk Road on Gawker titled The Underground Website Where You Can Buy Any Drug Imaginable makes known to public how bitcoin could be used to pay for illegal items under the radar of law enforcement authorities, causing a surge in the price of one bitcoin from US$9.21 to over US$31.00 one week after the publication of the article.
1 BTC = US$17.77
The hacking at MT. GOX where over 4,000 bitcoins were stolen from about 600 wallets caused the price of bitcoin to fall from about US$30.00 to under US$20.00.