Bitcoin Prehistory

[VB1001]

History of Bitcoin 2009-2018 (Git Visualization)

Graphical visualisation of the Bitcoin Github repository from 2009 to 2018

https://www.youtube.com/watch?v=DjYbsq3FXfM&t

Better watch it without haste and in full screen with high resolution, I hope you enjoy it.

[VB1001]

(graphic VB1001)

Bitcoin Obituaries

https://99bitcoins.com/bitcoin-obituaries/

A list made by 99bitcoins where they comment on the reason why Bitcoin is going to die.

Just an annual table to see in perspective how many times a year they killed us, total: 379

[VB1001]

https://twitter.com/halfin/status/1110302988

11 Years ago from this, thanks Hal.

(The link was added)

[jameshugo17]

How did Bitcoin improve? Technological advances are good. The system is striving to increase the size of the block. Bitcoin performs the value transfer function. What about the Bitcoin philosophy? Does it offer a better system than the current economy? Further studies are needed to assess them.

[VB1001]

Those coins can never be recovered, and the total circulation is less.  Since the effective circulation is reduced, all the remaining coins are worth slightly more.  
It's the opposite of when a government prints money and the value of existing money goes down.

By Satoshi Nakamoto

https://bitcointalk.org/index.php?topic=13.msg46#msg46

If you have the opportunity to get 1 Bitcoin, you are very lucky, many will not get it.

[Last of the V8s]

If you've read about bitcoin in the press and have some familiarity with academic research in the field of cryptography, you might reasonably come away with the following impression: Several decades' worth of research on digital cash, beginning with David Chaum,10,12 did not lead to commercial success because it required a centralized, banklike server controlling the system, and no banks wanted to sign on. Along came bitcoin, a radically different proposal for a decentralized cryptocurrency that didn't need the banks, and digital cash finally succeeded. Its inventor, the mysterious Satoshi Nakamoto, was an academic outsider, and bitcoin bears no resemblance to earlier academic proposals.

This article challenges that view by showing that nearly all of the technical components of bitcoin originated in the academic literature of the 1980s and '90s (see figure 1). This is not to diminish Nakamoto's achievement but to point out that he stood on the shoulders of giants. Indeed, by tracing the origins of the ideas in bitcoin, we can zero in on Nakamoto's true leap of insight—the specific, complex way in which the underlying components are put together. This helps explain why bitcoin took so long to be invented. Readers already familiar with how bitcoin works may gain a deeper understanding from this historical presentation. (For an introduction, see Bitcoin and Cryptocurrency Technologies by Arvind Narayanan et al.36) Bitcoin's intellectual history also serves as a case study demonstrating the relationships among academia, outside researchers, and practitioners, and offers lessons on how these groups can benefit from one another.

[The Sceptical Chymist]

If you have the opportunity to get 1 Bitcoin, you are very lucky, many will not get it.

That's undoubtedly true but who knows what the ownership distribution is going to look like in a decade or two.  Right now I think there are a few people who own a lot of bitcoin, like the Winklevoss twins and some of the OGs from back in the day.

Anyway, speaking of bitcoin history (not prehistory, though), I'm reading Digital Gold by Nathaniel Popper on the suggestion of gentlemand and I'm glad I picked it up on Amazon.  I got into bitcoin relatively late and never really got to know who the big names are/were, and the book is doing a great job so far taking me through bitcoin's very early days (I'm only a few chapters in).  Not surprisingly, mention of bitcointalk started very early in the book but I was pleased to see that anyway.  If anyone hasn't read Digital Gold and is looking for a well-written journalistic account of bitcoin's history, you should check it out. 

Sometimes I've seen names mentioned over and over here, but often that just leaves me scratching my head wondering who these people are--like Hal Finney and bitcointalk's own sirius.  It's very nice the book covers stuff like that, else I probably would have remained too lazy to ever figure it out.

[VB1001]

I'm reading Digital Gold by Nathaniel Popper on the suggestion of gentlemand

Thanks for the recommendation, I will buy the book.



https://twitter.com/howmuch_net/status/1245335959065047045

With all lossy stock indices and central banks printing money, Bitcoin continues on its way.

BTC dominace: 65,6% / $6,710

https://coin360.com/

[azarharus]

https://i.imgur.com/IFSVjop.png
https://twitter.com/halfin/status/1110302988

11 Years ago from this, thanks Hal.

(The link was added)

he also twitted about bitcoin's co2 emissions 11 years ago, such a great mind.
Only now we start to worry about same problem, energy usage and all that bad stuff

[Meowth05]

This is really nice, never thought I will see this. This is a very nice thread for history buffs like me. It is like walking the memory lane.

[fillippone]

A summary of the most iconic tweets in Bitcoin History compiled by Jameson Lopp:

The Annals of Bitcoin Twitter

[VB1001]

The Memes Make the Bitcoin

An introductory guide to popular Bitcoin memes and their significance.

https://blog.lopp.net/the-memes-make-the-bitcoin/

Memes have accompanied Bitcoin practically from the beginning, an article with illustrations and comments from, Jameson Lopp.




Coinbase: Bitcoin Is Superior to Gold

Coinbase also notes that Bitcoin markets are currently posting year-to-date gains of 20% and 12% respectively.

https://cointelegraph.com/news/coinbase-bitcoin-is-superior-to-gold

[VB1001]

Pizza for bitcoins?
https://bitcointalk.org/index.php?topic=137.0

Bitcoin Pizza Day 10th Anniversary

The first purchase made with Bitcoins, 10,000BTC = 2 Pizzas, today with 10,000 Bitcoins...
things have changed a bit. 1BTC/$9,225


- Although if we review the history of Bitcoin, it might be better to see in detail the dates of the first transaction, the first sale and finally the purchase of pizza:

Jan-12-2009 / Block 170 First transaction Bitcoin: Satoshi Nakamoto sent 10 BTC to Hal Finney.

One of the first supporters, adopters, contributors to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009

https://en.bitcoin.it/wiki/Category:History

https://www.blockchain.com/btc/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

Oct-12-2009 / Block 24835 First Bitcoin sale to Fiat.

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02.

https://99bitcoins.com/bitcoin/historical-price/

https://www.blockchain.com/btc/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2

Martti Malmi sold 5,050 BTC for $5.02
https://twitter.com/marttimalmi/status/423455561703624704

May-22-2010 / Block 57043 Pizza Day 10,000BTC.

https://www.blockchain.com/btc/tx/a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d

[Last of the V8s]

https://twitter.com/jimepstein/status/1313541954031038472?s=20

Tomorrow @reason is publishing the 1st of my 4-part documentary series about the cypherpunk movement of the ‘90s, which led to bitcoin, @wikileaks, among other things.  Here's a thread about some of the participants & screenshots from my interviews.

edit https://twitter.com/jimepstein/status/1313840749386125313?s=20
part 1 https://www.youtube.com/watch?v=YWh6Yzr12iQ Before the Web: The 1980s Dream of a Free and Borderless Virtual World (Pt.1)

[VB1001]

12 years since the publication of the White Paper

Fri Oct 31 14:10:00 EDT 2008
Bitcoin P2P e-cash paper

I've been working on a new electronic cash system that's fully
peer-to-peer, with no trusted third party.

The paper is available at:
http://www.bitcoin.org/bitcoin.pdf

The main properties:
 Double-spending is prevented with a peer-to-peer network.
 No mint or other trusted parties.
 Participants can be anonymous.
 New coins are made from Hashcash style proof-of-work.
 The proof-of-work for new coin generation also powers the
    network to prevent double-spending.

Bitcoin: A Peer-to-Peer Electronic Cash System

Abstract.  A purely peer-to-peer version of electronic cash would
allow online payments to be sent directly from one party to another
without the burdens of going through a financial institution.
Digital signatures provide part of the solution, but the main
benefits are lost if a trusted party is still required to prevent
double-spending.  We propose a solution to the double-spending
problem using a peer-to-peer network.  The network timestamps
transactions by hashing them into an ongoing chain of hash-based
proof-of-work, forming a record that cannot be changed without
redoing the proof-of-work.  The longest chain not only serves as
proof of the sequence of events witnessed, but proof that it came
from the largest pool of CPU power.  As long as honest nodes control
the most CPU power on the network, they can generate the longest
chain and outpace any attackers.  The network itself requires
minimal structure.  Messages are broadcasted on a best effort basis,
and nodes can leave and rejoin the network at will, accepting the
longest proof-of-work chain as proof of what happened while they
were gone.

Full paper at:
http://www.bitcoin.org/bitcoin.pdf

Satoshi Nakamoto

https://www.metzdowd.com/pipermail/cryptography/2008-October/014810.html

It is available in several languages ​​here:
https://bitcoin.org/en/bitcoin-paper

Code:

Date	           Price	        Percentage
1  year  ago	     10,793 sats	- 31.761%
2  years ago	     15,822 sats	- 53.451%
3  years ago	     15,509 sats	- 52.511%
4  years ago	    143,396 sats	- 94.864%
5  years ago	    307,615 sats	- 97.606%
6  years ago	    296,913 sats	- 97.519%
7  years ago	    504,474 sats	- 98.540%
8  years ago	  8,927,774 sats	- 99.918%
9  years ago	 31,746,032 sats	- 99.977%
10 years ago	519,480,519 sats	- 99.999%

1 US dollar is currently worth 7373 sats
https://usdsat.com/

[VB1001]

https://usdsat.com/

1 US dollar is currently worth 4323 sats

Bitstamp ATH:

- Dec. 17 2017 / 19,666
- Dec. 17 2020 / 23,777

[fillippone]

“Do not invest in fiat money more than you are able to afford to lose”.

This is the sad plot twist you learn from this graph.

[DrBeer]

Thank you so much for such a unique collection of information on the topic! To be honest, almost 90% of what is given here by the author, unfortunately, did not even know! Very, very useful for forming a deep understanding of what cryptocurrency and decentralized systems are !

[vaultman]

I've heard a lot about E-gold from the whole list. Thus, it turns out that the creators of bitcoin have collected in their project all the best from previous developments and research from around the world. I think that the creators of bitcoin did not initially count on such popularity of cryptocurrencies all over the world, bitcoin was supposed to become a test cryptocurrency. Particularly surprising are the articles published before 1990, when everything was so poorly developed, while such discoveries were made for the digital world. One of the few really worth reading threads.

[VB1001]

12th
Happy Birthday BTCitcoin

Genesis block "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
https://en.bitcoin.it/wiki/Genesis_block

Not your keys, Not your bitcoin