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Author Topic: How did the First Bitcoins get Generated?  (Read 972 times)
BitcoinBarrel
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May 11, 2013, 04:15:49 AM
 #1

How did the very first transaction take place? How did the first person even get a bitcoin?



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BTConomist
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May 11, 2013, 04:22:09 AM
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How did the very first transaction take place? How did the first person even get a bitcoin?

A bit technical, but a fun and easy read nonetheless:
http://james.lab6.com/2012/01/12/bitcoin-285-bytes-that-changed-the-world/


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charleshoskinson
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May 11, 2013, 04:41:46 AM
 #3

The first person to receive bitcoins was Satoshi Nakamoto the creator of bitcoins back in Janaury 3rd, 2009. We call the first block the Genesis Block and it contained a special string to prove its date of creation:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

He was unable to spend the 50 btc he received because the coinbase transaction was never added to the global transaction database thus the first coins that were spendable were in block number 1:

https://blockchain.info/block/00000000839a8e6886ab5951d76f411475428afc90947ee320161bbf18eb6048

Is all the meta info about the legendary block number 1.

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Elwar
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May 11, 2013, 04:43:59 AM
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According to the map on that page, Satoshi lives in middle of the ocean off the coast of Africa.

Satoshi either lives under the sea or is a seasteader. There is no end to his advanced thinking.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
charleshoskinson
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May 11, 2013, 04:45:02 AM
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We both know when you can't get a lock on the loc it just defaults to the sea. He was on an anonymous VPN connected to it through tor. Dude's a shadow.

The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
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