Flipbook bitcoin Digital Media Theory-Albert Winters
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Transcript of Flipbook bitcoin Digital Media Theory-Albert Winters
Bitcoin: A Brief History
August 2008: Bitcoin.org registered
January 2009: Version 0.1 of Bitcoin is released with limited interface
A few days later the first Bitcoin transaction occurs between Bitcoin creator Satoshi Nakamoto and a
software developer
October 2009: New Liberty Standard creates a Bitcoin exchange rate
February 2010: First Bitcoin Market is established to exchange Bitcoin for other currencies
May 2010: A Florida Programmer makes the first ever purchase using Bitcoins. He buys a pizza for 10,000 Bitcoins (Value at the
time was 25 Dollars)
July 2010: Bitcoin value increases tenfold in a matter of days. It goes from $0.008 per Bitcoin to $0.80
A few days later MtGox is established. It has become the preeminent Bitcoin exchange
In 2011 the Silk Road launches. It is a website where users can buy illicit drugs with anonymity thanks to Bitcoin
February 2011: Bitcoin reaches same price as US Dollar
June 2011: Biggest security breach in Bitcoin history as hackers break into MtGox database and change Bitcoin prices forcing the
market to shut down for a few days
June 29 2011: First Bitcoin wallet for smartphones is launched
August 2011: MyBitcoin, an exchange, is hacked for 2 million dollars worth of Bitcoins
December 2012: European Bitcoin Exchange Bitcoin Central becomes first exchange to be licensed as a bank
February 2013: Bitcoin trades at 30$ for the first time since a price bubble in mid 2011
March 2013: US Treasury department defines its stance on Bitcoin
March 2013: Bitcoin Market Cap hits 1 Billion Dollars
April 2013: Bitcoin bubbles up to being worth US$ 266 per BTC before crashing and stabilizing at around 100 US dollars
May 2013: First Bitcoin ATM unveiled in San Diego
3 Million Dollars seized from a MtGox subsidiary by Homeland Security for not registering as a money transmitting business
Winkelvoss Twins file Bitcoin Trust with SEC to make investment into Bitcoin easier
November 2013: Senate hearing held to discuss the legitimization of Bitcoin which leads to the price to surge to over 1000 US
dollars per Bitcoin
China’s Central Bank bans Bitcoin transactions becoming the first nation to make major restrictions on Bitcoin trade
Sources
• http://www.theguardian.com/technology/2014/mar/18/history-of-bitcoin-hacks-alternative-currency
• http://historyofbitcoin.org/• http://blockchain.info/charts/market-price