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Author Topic: Bitcoin Genesis  (Read 786 times)
MegaDaninski
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May 23, 2013, 09:39:36 PM
 #1

I'm fairly new to Bitcoin, only got interested about 6 months ago and I only got involved recently. I've been reading intensely on the subject, and I attended the San Jose conference last week. The model is beautiful, but I think the ecosystem needs more diversity to allow easier entry into the system, and to connect it with consumers and producers more readily.

I'm curious if I can get some Ol' Timers to come shine some light on the early days of bitcoin. I'd like to know more about how their initial value was determined. Why did anyone have any propensity to exchange them in the beginning? Were people mining them because they supported the ideal that our 'money model' desperately needed to change, or was it just a one-off bet that they might be worth something one day?
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Liquid
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May 23, 2013, 09:45:59 PM
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For me i supported the bitcoin idea because "our money model desperately needed to change"

ThatDGuy
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May 24, 2013, 03:23:16 AM
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https://bitcointalk.org/index.php?topic=137.msg1195#msg1195

This is a pretty good place to start - the first recorded sale of an item for BTC.

10,000 for two pizzas...
laughingbear
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May 24, 2013, 03:25:57 AM
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What was the universe like 1 second BEFORE the bitcoin Genesis?

We need to build a satoshi collider.
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May 24, 2013, 03:27:46 AM
 #5

A Pizza for a Bitcoin was one of the most famous things that first gave it value Smiley

If everyone is thinking outside the box, there is a new box.
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