Bitcoin Evolution

[darshan331]

It is great to see that the 10 years journey of btc, it is a best crypto in all time, but now the price is bit decrease and also i am sure that price will increase in next days.

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[Dreamace7]

Well what a good history in bitcoin but the current situation of bitcoin is really troubling we hope that as before this will also get better

[zoeylee]

In my opinion, bitcoin has it's own price evolution. This year may be in downfall and everyone is longing for a dump price but we must not lose our hopes for the coming years their will be a bright future for bitcoin.

[Narendra321]

we can see the great evolution of the bitcoin till today... it is already using in many platforms like hotels, mnc companies, automobile industries...also bitcoin is known by all over the world...

[Kakmakr]

This was also the year were Satoshi stepped down for the reins and faded into obscurity, apparently handing over to Graven Anderson who was the lead technological expert

You might have to replace the part in Bold with this, Gavin Andresen. He was the lead developer for a while after Satoshi left the scene and then he quit for a while. Then he teamed up with Mike Hearn and they thought they had massive support from the community and they created Bitcoin XT. <They were wrong and it failed miserably>

This was an important event in Bitcoin's history, because it was the first attack from people that were one of our own.  <Not from some external competitor>

[Peashooter]

Bitcoin has evolved on different frontiers over the years; project development, value, public opinion, government interest, and of course there's the nay sayers constantly puzzled while it's still existing and always predicting it's end.

Early days (2009 - 2010)
Bitcoin did not always receive this attention, it was launched in January of 2009, by Satoshi Nakamoto  few months after the domain name bitcointalk.org was registered. Most of its users then we're tech inclined individuals some who did it for fun as a hobby


Bitcoin had it's first ROI in mid 2010 as it gained parity with the USD. After then it experienced a steady rise in users and the community started to grow. The first major setback came in August  2010 when an error in the system which allows users bypass economic restrictions was exploited and 184 bitcoins was generated.

This was also the year were Satoshi stepped down for the reins and faded into obscurity, apparently handing over to Graven Anderson who was the lead technological expert

Notwithstanding, popularity and confidence continued to grow and agencies started accepting bitcoin as donations, merchants started to slaowly wake up to it and some companies even offered her workers the option to take home a part of their salary in bitcoin.

2011 - 2013
In the price front, bitcoin grew exponentially during this time and also dropped as rapidly.
It reached $31 in 2011 dropping to $2 at the end of the year.
2012 was a slow year.
Then there's was a split in bitcoin transaction log during early 2013 and for a few hours, there were two bitcoin networks operating simultaneously.
This sparked off a very volatile year for bitcoin peaking at $1242 but also dropping  very suddenly. It was basically a pump and dump scheme during this time.
In the area of adoption there was steady growth during this time. Coinbase recorded selling $1million worth of bitcoin in a single month in 2013 and the open source code allowed organizations and platforms to freely use the system.

Mid Time (2014 - 2016)

This period was also met with even greater adoption as more outlets, merchants, companies, agencies and by now governments were getting actively involved in bitcoin.
It was no longer viewed as a pump and dump scheme but a valid investment option and an asset class.
Price movements were slow with reduced volatility compared to previous years (although still high) ranging from $200 - $800 during the time.
Now in addition to tech gurus, investors, traders, and individuals were getting interested.
Documentaries based on bitcoin were also released during this time.

2017;

Bitcoins legitimacy continued to grow and it gained credence, adoption also continued to grow rapidly with interest from all corners, academic and legislative. Governments were getting more actively involved as well.
And in March, it eclipsed the then peak set at 2013 ($1242) and this set of a massive surge which saw a new peak of $17900 set in Nov of 2017, which remains the current peak till today.
This was also the year of ICOs as bitcoins rise encouraged and supported similar rise in other digital currencies. This was the year bitcoin announces itself again to the world. And the issue of scalability became more prominent  as the protocol was struggling to cope with increased usage.
In 2017 BCH, BitcoinCash was forked out of bitcoin and this increased a single blocksize to 8MB. We have had other forms since then.

In between all these were important but too numerous to mention all, there was the costliest pizzas ever bought also the whale who was 'schooled' when he/she tried to manipulate and drop the price, and also reports of hacks with millions of dollars worth of bitcoin stolen.

2018 so far;
This year has been my favorite crypto year (my only year actually as I joined late) and it has had the most stability and it's support level has held off higher than any other year.
Some would argue that it has been a bearish year, especially when compared with.2017, but it has also renewed interest on the product and not just the profit.

What do you think the future holds...

You can truly see the evelution of bitcoin especially on its price. Try to see the chart of the bitcoin and you can see the big difference on the price that seems truly evolve. The evolving of bitcoin might sight a good future in cryptocurrencies.

[kogozer714]

now bitcoin is falling too far from the price of the start of the year, but I feel there will be developments for the future and sure it will be the best.
maybe for those who have passed the 7-8 year period with bitcoin this is nothing because they have everything from bitcoin to those who are just starting out maybe this is a disaster for bitcoin but I am sure of a better evolution of bitcoin

[Valer4ik]

Again, this is beautiful only in words, how to confirm the presence of a corpse in the blockchain? There must be at least an oracle kotrry will load all death certificates, there must be more data, as this will be easy to install, and programmers will not create a complex system for such a game.

And smart contracts for the cue ball are not yet functioning, and it probably will not happen soon.

 

And finally, for the most fearful, most criminals will never go to kill for money, for honor, for their own, as self-defense, yes, but for money, no, this is a breeze, the murderers in prison are usually killed, if they go there miraculously hit, as they are usually removed immediately after the work.

This is not the criminal world, this is the world of politicians and special services, well, in the extreme case of Aligarhs, only there such an abomination happens, if you don’t treat them as such, there’s nothing to fear.

[erikoy]

Does this post conveys ending of bitcoin? Why does OP stated mid days of bitcoin when in fact we do not really know the time frame for bitcoin to end. If it will going to end soon then OP is right we are reaching to end for now because it has already undergon Mid days of bitcoin. I was just hoping that it will no be like that for I want to recover first my losses on bitcoin investment.

[samuraijin]

Does this post conveys ending of bitcoin? Why does OP stated mid days of bitcoin when in fact we do not really know the time frame for bitcoin to end. If it will going to end soon then OP is right we are reaching to end for now because it has already undergon Mid days of bitcoin. I was just hoping that it will no be like that for I want to recover first my losses on bitcoin investment.

Be patient, that this is not the end of bitcoin. Maybe in the previous year it was the beginning of the rise of bitcoin, we don't know for the future that bitcoin is a very good long-term investment, the loss problem that you experience has become a risk, so don't panic with what you have experienced, that bitcoin will grow again even if it can exceed the price in the past year ...

[self love sisters]

Future of bitcoin is good for me and there's nothing to worry about it.  Let's see what will happen this 2019. I'm here for long-term. 

[nianastasia62]

You haven't mentioned Lightning network...

It can potentionally revolutionize Bitcoin transactions and cut down transaction fees and enhance decentralization.

Hello ovcijisir you can explain a little more accurately. I have a menu in mind, you may have heard information about when will launch this technology ?)

[Mr.Spreadthehamster]

Any growth, both short-term and long-term, is mainly accompanied by falls and collapse, which can be observed on all charts of active projects. Thus, everything develops and lives along a sinusoidal trajectory, both in life and in finance. Bitcoin develops, which means that it will inevitably grow again.

[Webberson]

Bitcoin has actually evolved overtime from inception, despite the various challenges faced with the cryptocurrency, both in recent times and in times past. For the fact that it is still in existence, regardless all odds, shows that it has the potential of gaining acceptance in the future.

[ngocbkcse]

That is a good post on the history of bitcoin. I would add it to memories and continue to write it as the world see bitcoin evolving

[ovcijisir]

You haven't mentioned Lightning network...

It can potentionally revolutionize Bitcoin transactions and cut down transaction fees and enhance decentralization.

Hello ovcijisir you can explain a little more accurately. I have a menu in mind, you may have heard information about when will launch this technology ?)

Look on this website: https://coinsutra.com/bitcoin-lightning-network/

There it is explained better then I can explain.

Don't understand what are you saying about menu?

Don't know when will it become operational. Maybe it already is.

[AltcoinTradingSignal.com]

We are in a stage where we can say that bitcoin is moderately successful, not only from the technological perspective but also regarding acceptance and reach. In the coming years, I can see it improve rapidly so that it can be used in day-to-day usage.