History of Bitcoin - Key Moments
Bitcoin is transparent and digital, meaning when using it you don’t have to worry about counterfeit money. It’s the first successful use case of blockchain technology in digital payment. As Bitcoin’s introduction verges on its 10th year, it’s starting to gain further widespread adoption around the world. Here are 10 moments in its history that stand out as well as a bitcoin ppt with 67 insane facts. Satoshi Nakamoto Launches Bitcoin with a Radical Agenda (January 2009) You might assume that somebody who creates a new currency is probably in it for the money, and while Bitcoin’s mysterious founder Satoshi Nakamoto is estimated to own $4.7 billion worth of BTC, it’s the radical agenda behind the technology that has inspired many people to show their support. “The Times 3 January 2009 Chancellor on brink of the second bailout for banks,” was the message Nakamoto left in the very first block that was mined that month – referencing an article about the financial crisis and the UK’s taxpayer-funded bank bailout. Bitcoin is not controlled by any central government or authority, transactions are pseudonymous, and there are no inherent restrictions preventing any individual from using it as long as they are able to connect to the internet and use the web. Even in countries where BTC is outlawed, there isn’t always a realistic way to enforce the ban. Cyprus University Accepts Bitcoins for Tuition (November 2013) In an effort to ease transmission difficulties for certain students, the University of Nicosia in Cyprus began accepting BTC for student tuition in November 2013. The private university’s CFO Dr. Christos Vlachos appears to be a proponent of the currency, stating: “Digital currency will create more efficient services and will serve as a mechanism for spreading financial services to under-banked regions of the world.” In addition to being a practical move, he stated that it was a way for the institution to learn more about the technology firsthand. A center of learning trying to learn something new? What a novel idea! The Great Bitcoin Boom of 2013 2013 was a big year for bitcoin as it saw its value skyrocket from $125 in the September to over $1,100 by the end of November. This was heavily tied to the market’s expansion into populous China and a perfect storm of new media coverage and bullish investing. Of course, rapid booms tend to preclude busts and the collapse of leading exchange Mt. Gox, a ban in China, numerous hackings, the closing of the illegal marketplace the Silk Road, and lots of negative coverage ensured this would be deep and painful (but not fatal). Bitcoin’s value plummeted to $400 in April 2014 and hit lows of about $200 in January 2015. Nonetheless, the community saw where Bitcoin could go and it would go higher still. Their optimism was confirmed with aplomb when BTC rose to almost $20,000 in value at the end of 2017. itcoin Today As of the end of Mar 2018 bitcoin boasts over 24 million users (or digital wallets), nearly 2,400 ATMs in many countries, the number of daily transactions are growing exponentially, and it’s trading around $8,000. Bitcoin: success or failure? Check out these amazing facts about Bitcoin:
323 views • 30 slides
