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Title: How did Bitcoin create trust as reliable currency during the early days in 2009? Post by: Ven1729 on November 08, 2017, 05:36:10 PM I am interested to how the Bitcoin community was able to create trust as a reliable currency system among the public during the early days of its inception in 2009. What are the factors that influenced the people to put their money on Bitcoin? How did the idea of decentralized currency spread among the people? Who marketed Bitcoin during the early days
Title: Re: How did Bitcoin create trust as reliable currency during the early days in 2009? Post by: eternalgloom on November 08, 2017, 05:42:32 PM I don't know the full story, but I think that it was mostly marketed through word of mouth in the early days.
You've probably heard about the guy who bought a couple of pizza's for over 10.000 BTC? This was one of the first 'high value' transactions here on the forum. People just negotiated the price for goods and services here on the forum, that's how the early Bitcoin price was determined, if I'm correct. You can read a bit about Bitcoin's price history here: https://en.wikipedia.org/wiki/History_of_bitcoin#Prices_and_value_history |