Happy 8th Birthday Bitcoin

[calkob]

WOW 8 years and still going strong, heres to the next 80, 

[ebliever]

A mite bit early, but no matter. Happy birthday!

https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

[aolley]

Some fun info, since everyone loves to learn!

Some of the things Satoshi picked were just educated guesses,

“My choice for the number of coins and distribution schedule was an educated guess. 
It was a difficult choice, because once the network is going it's locked in and we're stuck with it. 
I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that's very hard. 
I ended up picking something in the middle. 
If Bitcoin remains a small niche, it'll be worth less per unit than existing currencies. 
If you imagine it being used for some fraction of world commerce, then there's only going to be 21 million coins for the whole world, so it would be worth much more per unit. 
Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000.  There's plenty of granularity if typical prices become small. 
For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is displayed as 1”



On the initial release of Bitcoin,

In August of 2008 the domain name bitcoin.org was registered anonymously through anonymousspeech.com, which is the email SN used to communicate with others.
Around this time SN contacted others such as Adam Back and Wei Dai and Hal Finney and suggested they read a pre-release to the white paper. No copies of this pre-release (other than the abstract) are known to exist, the most likely candidate for keeping a copy was the late Hal Finney.
The abstract of this pre-release does not include the word bitcoin but instead this proposed white paper says “Electronic Cash Without a Trusted Third Party”




On October 31st, 2008 SN published the white paper on Bitcoin to a mailing list for cryptography through metzdowd.com. He later says he created the code before writing the white paper.
On November 9th the project is registered on SourceForge.net, a website used for open source software at the time. Sourceforge has since garnered a poor reputation, the Bitcoin code is currently hosted on GitHub. GitHub allows software developers to work together with ease, very helpful on open source projects.


The P2P foundation profile of him (SN) states he was in 2009 a 37 year old male who lived in Japan. By monitoring what date the age changed on his profile a birthday of April 5th 1975 was found.
 On April 5th 1933 FDR signed an order outlawing US citizens from holding gold, on January 6th 1975 sales of gold in the US were made legal again.


Jan 3, 2009: The Genesis Block is mined. Satoshi would wait another 6 days until Jan 9th to release the first version of the client, 0.1, to others.

Included in the coinbase data for the Genesis block is the message, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”


The first transaction happened on the 12th between SN and Hal Finney.


In October of 2009 the first exchange rate was established based on electricity costs to run miners at the time, $1 in electricity could be used to mine roughly 1,300 btc. That is 0.000769 cents per btc.

The first update, a release to version 0.2 and the first difficulty increase happened December 30th 2009 from 1 to around 1.1829. Within the next year the difficulty would rise to over 1,000.


SN contributed to the network for around a year. His last public post was on December 12th 2010 just a day after posting, “... WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.”

[Xester]

After 8 long years bitcoin has surpassed many problems and has reached a one thousand dollar price already. It is a short time but bitcoins price has soared more than any commodities in the stock exchange does. The first cryptocurrency that allows the emergence of many altcoins in todays virtual economy. More power to bitcoin, Happy birthday, we wish more long years and more skyrocket price increase in the coming years.

[fuathan]

Happy birthday to bitcoin!

And cheers to a decentralized world without corruption!

[Anjing Lu]

Happy birthday to bitcoin, i hope this year the price reach $2,000, if this happen i will give you satosi.

[Money Maker Shaker]

i hope bitcoin continues to be awesome another 8 year without any big bubble and bubble popping.

[abel1337]

Ow Today is bitcoins 8th birthday , This is my first time to celebrate bitcoins 8th birthday because last year I didnt celebrate bitcoin too much Im just happy about it, I will surely buy pizza later and eat it my self.

Cheers every one!

[Zoel]

Bitcoin Day! 8th Birthday Bitcoin.

[Roselop]

Yes, it's a lovely coin . My son (Bitcoin) was born on january 3rd, 2009 and now he is 8 years old .
Happy Birthday Bitcoin, My son. Let Bicoin fly to the moon now.
Happy New Year to all members.

[AriBitcoin]

Happy to see that the community is still stronger and new businesses have slowly started to accept Bitcoin. Expecting much success this year, happy birthday

[Josepino]

Thanks to bitcoin community for 8 years, Now bitcoin has been considered as central digital currency and bitcoin has touched over 1,000$ in the new year of 2017. Happy Birthday Bitcoin and cheer up.

[bamboylee]

I never know that today is bitcoin's birthday! Happy birthday bitcoin. May you prosper more and liberate the people from fiat's cold hand

[GMPoison]

Here's to many more years!

[MingLee]

I'm actually kind of surprised that we're having the 8th birthday of Bitcoin already, and to think that there have only been 2 halving so far, yet we've managed to get to this point. Really cool honestly.

I'm surprised it was launched so soon after the new year in 2009, though. I would have expected for it to launch sometime in the mid-year, and not around something like right now 8 years ago.

[GMPoison]

I'm actually kind of surprised that we're having the 8th birthday of Bitcoin already, and to think that there have only been 2 halving so far, yet we've managed to get to this point. Really cool honestly.

I'm surprised it was launched so soon after the new year in 2009, though. I would have expected for it to launch sometime in the mid-year, and not around something like right now 8 years ago.

Also, the fact that we've managed to get to this point without the help of any centralized government or corporation is the truly revolutionary part that is going to change the world.

[Botnake]

That's what I'm talking, we are getting stronger as evidence by the great success for this year. This year is very crucial because people are expecting we can break the all time high and will surpass it easily, we just need $200 with the present price and I think it's possible this month.

[BitcoinBarrel]

Some fun info, since everyone loves to learn!

Some of the things Satoshi picked were just educated guesses,

“My choice for the number of coins and distribution schedule was an educated guess. 
It was a difficult choice, because once the network is going it's locked in and we're stuck with it. 
I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that's very hard. 
I ended up picking something in the middle. 
If Bitcoin remains a small niche, it'll be worth less per unit than existing currencies. 
If you imagine it being used for some fraction of world commerce, then there's only going to be 21 million coins for the whole world, so it would be worth much more per unit. 
Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000.  There's plenty of granularity if typical prices become small. 
For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is displayed as 1”



On the initial release of Bitcoin,

In August of 2008 the domain name bitcoin.org was registered anonymously through anonymousspeech.com, which is the email SN used to communicate with others.
Around this time SN contacted others such as Adam Back and Wei Dai and Hal Finney and suggested they read a pre-release to the white paper. No copies of this pre-release (other than the abstract) are known to exist, the most likely candidate for keeping a copy was the late Hal Finney.
The abstract of this pre-release does not include the word bitcoin but instead this proposed white paper says “Electronic Cash Without a Trusted Third Party”




On October 31st, 2008 SN published the white paper on Bitcoin to a mailing list for cryptography through metzdowd.com. He later says he created the code before writing the white paper.
On November 9th the project is registered on SourceForge.net, a website used for open source software at the time. Sourceforge has since garnered a poor reputation, the Bitcoin code is currently hosted on GitHub. GitHub allows software developers to work together with ease, very helpful on open source projects.


The P2P foundation profile of him (SN) states he was in 2009 a 37 year old male who lived in Japan. By monitoring what date the age changed on his profile a birthday of April 5th 1975 was found.
 On April 5th 1933 FDR signed an order outlawing US citizens from holding gold, on January 6th 1975 sales of gold in the US were made legal again.


Jan 3, 2009: The Genesis Block is mined. Satoshi would wait another 6 days until Jan 9th to release the first version of the client, 0.1, to others.

Included in the coinbase data for the Genesis block is the message, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”


The first transaction happened on the 12th between SN and Hal Finney.


In October of 2009 the first exchange rate was established based on electricity costs to run miners at the time, $1 in electricity could be used to mine roughly 1,300 btc. That is 0.000769 cents per btc.

The first update, a release to version 0.2 and the first difficulty increase happened December 30th 2009 from 1 to around 1.1829. Within the next year the difficulty would rise to over 1,000.


SN contributed to the network for around a year. His last public post was on December 12th 2010 just a day after posting, “... WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us.”

Excellent timeline, thanks for sharing!

[Kakmakr]

8 Years are still infancy compared to other emerging technologies, so we have done a excellent job compared to other technologies that has been around for years. We have gone to the top performing currency or should I rather say commodity for the last couple of years and a market cap bigger than Twitter. It might be a bit early, but I think the Tween years will be our best years. ^smile^

[Nahl]

i didn't realize that today is the Birthday of Bitcoin and i think bitcoin has through many process untill today and from worthless becomes very valuable especially if we see the current price and development of bitcoin has growing with pretty fast and i'm pretty sure for next 8 years bitcoin still able to survive or even will much bigger than now