Difference between revisions of "History of Bitcoin"

 
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=DISCLAIMER=
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The following is a list of notable events in the history of Bitcoin.
This article is a an extract from the original https://en.bitcoin.it/wiki/Bitcoin and has not been checked for correctness or edited.
 
*Date: 25 September 2019
 
*Final reviews must be conducted by: 15 October 2019
 
  
Review:
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===2008===
May need to be completely dumped
 
Has anyone read Michael Hudson's new book? He's giving it away for free. Maybe we can incorporate it if it's well written.
 
  
Need to either remove references to or add in templates
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Satoshi Nakamoto publishes the [https://bitcoinsv.io/bitcoin.pdf the Bitcoin white paper] on The Cryptography Mailing List at metzdowd.com ([https://www.mail-archive.com/[email protected]&q=from:%22Satoshi+Nakamoto%22 Satoshi's posts])  describing the Bitcoin protocol.
  
History ends at 2012 (might need to copy more stuff across from 'what is bitcoin' page
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===2009===
  
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The Bitcoin network comes into existence on the 3rd of January with the release of the first Bitcoin client, wxBitcoin, and the issuance of the first Bitcoins. Satoshi includes a message in the [https://whatsonchain.com/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f first block] via the coinbase transaction: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".
  
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===2010===
  
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The first exchange rates for Bitcoin are set by individuals on the bitcointalk forums. In May, Laszlo  Hanyecz purchases two pizzas with 10,000 Bitcoin.
  
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===2011===
  
==History==
 
  
In 2008, Satoshi Nakamoto published the [https://bitcoinsv.io/bitcoin.pdf the Bitcoin white paper] on The Cryptography Mailing List at metzdowd.com ([https://www.mail-archive.com/search?l=[email protected]&q=from:%22Satoshi+Nakamoto%22 Satoshi's posts])  describing the Bitcoin protocol.
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===2012===
  
In 2009, the Bitcoin network came into existence on the 3rd of January with the release of the first Bitcoin client, wxBitcoin, and the issuance of the first Bitcoins. Satoshi included a message in the [https://whatsonchain.com/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f first block] via the coinbase transaction: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".  
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[https://www.americanbanker.com/news/bitpay-signs-1-000-merchants-to-accept-bitcoin-payments BitPay] reports having over 1000 merchants accepting Bitcoin under its payment processing service.
  
In 2010, the initial exchange rates for Bitcoin were set by individuals on the bitcointalk forums. In May, Laszlo  Hanyecz purchased two pizzas with 10,000 bitcoins.
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===2013===
  
In 2012, [https://www.americanbanker.com/news/bitpay-signs-1-000-merchants-to-accept-bitcoin-payments BitPay] reports of having over 1000 merchants accepting Bitcoin under its payment processing service.
 
  
In 2014, a criminal platform, “Silk Road”, which used Bitcoin was shut down completely. It showed that after all, Bitcoin is not a place for criminals.
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===2014===
  
In 2017, in order to be able to scale Bitcoin and avoid radical changes, Bitcoin is hard forked to Bitcoin Cash and Bitcoin Core. In December, the price of Bitcoin reached almost $20,000 per bitcoin. The pizzas purchased in 2010 would be valued at $200 millions.  
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“Silk Road”, a goods exchange platform which used Bitcoin for primarily criminal activity, is shut down completely. This is the first example of the Bitcoin public ledger being used in criminal prosecutions.
  
In 2018, in order to scale further and avoid unnecessary changes to the Bitcoin original protocol, Bitcoin Cash is hard forked again to Bitcoin Cash ABC and Bitcoin SV (Satoshi Vision).
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===2015===
  
In 2020, Bitcoin SV delivered the Genesis upgrade that returned Bitcoin to its original protocol, and removed all the limits that were put on the protocol by developers. The power is handed over from developers to miners.
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===2016===
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===2017===
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Developers trying to introduce radical changes fork the Bitcoin network, conducting a social networking attack on investors, miners and exchanges to allow the newly created BTC airdrop to introduce changes that break the legal basis of Bitcoin's ownership traceability through Segregated Witness which removes digital signatures from Bitcoin transactions. Bitcoin is given the name Bitcoin Cash.
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In December, the price of Bitcoin reaches $4000 and BTC reaches almost $20,000 per coin giving the Bitcoins exchanged for pizzas in 2010 a value over $200 million.
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===2018===
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Bitcoin is again attacked by developers who attempt to limit scaling by enforcing blocksize limits and canonical transaction ordering requirements while simultaneously introducing opcodes that enable illegal activities to be anonymously validated by miners. The attacking developers conduct an organised campaign with exchanges to keep the Bitcoin Cash name and ticker for their airdrop while Bitcoin is given the name Bitcoin Satoshi Vision or BitcoinSV.
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===2019===
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===2020===
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In 2020, Bitcoin SV delivers the Genesis upgrade that reverts many changes to the original protocol, and removed all hard limits inserted by developers. This represents an exchange of power from developers to miners.

Latest revision as of 14:57, 14 February 2020

The following is a list of notable events in the history of Bitcoin.

2008

Satoshi Nakamoto publishes the the Bitcoin white paper on The Cryptography Mailing List at metzdowd.com (Satoshi's posts) describing the Bitcoin protocol.

2009

The Bitcoin network comes into existence on the 3rd of January with the release of the first Bitcoin client, wxBitcoin, and the issuance of the first Bitcoins. Satoshi includes a message in the first block via the coinbase transaction: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".

2010

The first exchange rates for Bitcoin are set by individuals on the bitcointalk forums. In May, Laszlo Hanyecz purchases two pizzas with 10,000 Bitcoin.

2011

2012

BitPay reports having over 1000 merchants accepting Bitcoin under its payment processing service.

2013

2014

“Silk Road”, a goods exchange platform which used Bitcoin for primarily criminal activity, is shut down completely. This is the first example of the Bitcoin public ledger being used in criminal prosecutions.

2015

2016

2017

Developers trying to introduce radical changes fork the Bitcoin network, conducting a social networking attack on investors, miners and exchanges to allow the newly created BTC airdrop to introduce changes that break the legal basis of Bitcoin's ownership traceability through Segregated Witness which removes digital signatures from Bitcoin transactions. Bitcoin is given the name Bitcoin Cash. In December, the price of Bitcoin reaches $4000 and BTC reaches almost $20,000 per coin giving the Bitcoins exchanged for pizzas in 2010 a value over $200 million.

2018

Bitcoin is again attacked by developers who attempt to limit scaling by enforcing blocksize limits and canonical transaction ordering requirements while simultaneously introducing opcodes that enable illegal activities to be anonymously validated by miners. The attacking developers conduct an organised campaign with exchanges to keep the Bitcoin Cash name and ticker for their airdrop while Bitcoin is given the name Bitcoin Satoshi Vision or BitcoinSV.

2019

2020

In 2020, Bitcoin SV delivers the Genesis upgrade that reverts many changes to the original protocol, and removed all hard limits inserted by developers. This represents an exchange of power from developers to miners.