The Bitcoin Adoption Roadmap
Like most of my posts lately, the seed was planted on the micro-blogging site https://noise.cash/u/Bragato18 And of course the seed came from twatter, the source of all the good ideas.
@pete_rizzo_ had posted something from a 2010 forum about spongebob stickers, stamps and pencils. But Rizzo was more interested in that Immanue was giving bitcoin a second chance at $0.06, than what bitcoin was being used to buy in 2009. I was intrigued that people were or even could buy spongebob stickers with bitcoin. Remember this is before the whole Pizza thing was even a thing.
https://twitter.com/pete_rizzo_/status/1567881835530551296
Disclaimer : I have a fascination with Bitcoin History, despite only being officially 13 years old. There is also the pre-Bitcoin history
Early e-currencies That lay The Foundation For The Development Of Bitcoin
Then there was the A Brief Bitcoin History Lesson series of posts on Publish0x.
And more recently the noise channel A Brief Bitcoin History to record some of the history and history in the making.
As well as finding it all interesting, I also feel it is important to know one's history and hopefully learn something from it. Helps you avoid making the same mistakes again and again, especially the ones other people have already made.
The Bitcoin Adoption Roadmap
2008
Satoshi Nakamoto announced the Bitcoin whitepaper on a cryptography mailing list on Halloween 2008. It was titled Bitcoin: A Peer-to-Peer Electronic Cash System. ✅
For more on the significance of the Halloween connection, suggest you read Was The Bitcoin White Paper Intentionally Published on Halloween
2009
January the 3rd 2009 the Genesis Block is mined. ✅
A Brief Bitcoin History Lesson - The Genesis Block
Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1
It was the only block not to reference an earlier block
The block is unique because it has a 50 BTC reward subsidy that can never be spent
Bitcoin is still being sent to the Genesis Block address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa and currently there have been 3405 transactions and 68.55052796 BTC received
It reproduces the message published in the cover of “The Times” validating the January 3, 2009 date
And people were buying spongebob stickers, stamps and pencils with their Bitcoins. ✅
The first exchange was created on October 5. It was a bitcoin buying and selling service called the New Liberty Standard. The exchange rate was a ratio of 1,309.03 BTC for $1 USD. The value relationship was established according to the energy cost of mining Bitcoin or a kind of compensation for the mining of blocks according to the price of electricity. ✅
The first crypto/fait transaction was registered on October 12, 2009, where New Liberty Standard buys a total of 5,050 BTC from Sirius for an amount of $ 5.02 USD through PayPal
1,010 BTC were equivalent to $ 1, which is the first increase in value of the price of Bitcoin.
2010
February
Bitcointalk user dwdollar announced the creation of the Bitcoin Market portal ✅
Bitcoin Market offered a floating exchange rate for bitcoin
bitcoins could be bought and sold from person to person, including payment systems such as PayPal
60,000 books? We have to take Immanue at his word here. Tried various search parameters but came up with zilch. My guess it would have been Amazon. If anybody knows any different, please leave in the comments.
May
Thanks to Laszlo, Bitcoin Pizza Day was born ✅
10,000 bitcoins for 2 large pizzas
How Did You Celebrate #BitcoinPizzaDay?
Bitcoin Faucet
The term Magic Internet Money had not entered the common vernacular.
Gavin created a website called The Bitcoin Faucet, soon after discovering Bitcoin ✅
just solve the "captcha" then enter your Bitcoin Receiving address and press GET Some:
Gavin gave away 5 bitcoin per visitor
Gavin was lead developer for a part of the Bitcoin digital currency project.
A Brief Bitcoin History Lesson - Bitcoin Faucet - 2010
2011
Silk Road marketplace ✅
Founded in 2011 by Ross Ulbricht
Ross went by the moniker Dread Pirate Roberts.
With one bitcoin worth $47.15, you could buy 10 hits of LSD for $74.50
Bitpay payment processor
founded by Tony Gallippi and Stephen Pair
launched May
provides bitcoin and bitcoin cash payment processing services for merchants ✅
by October 2012 had grown to 1,100 merchants
2013
Bitcoin ATMs ✅
first ATM went live October 28.
accepted cash only
situated downtown cafe in Vancouver, Canada
2018
PayPal allows its merchants to accept Bitcoin ✅
document submitted to the Securities and Exchange Commission states that a merchant using PayPal can “integrate with Braintree to begin accepting payments with credit or debit cards, PayPal, Venmo, digital currencies such as Bitcoin, or other payment solutions with a single integration.”
2020
Paypal goes full circle.
Starting as an early means of buying bitcoin with New Liberty Standard
Launches new service enabling Users to Buy/HODL/Sell Crytpocurrency ✅
the Simpsons ✅
2021
small country ✅
7th September the first country adopts as Bitcoin as an official currency along with USD
2022
The first football (soccer) referee is paid in Bitcoin. ✅
Yes our very own @PVMihalache.
Playing the Bitcoin Game: Real Bedford v Shefford & Campton
Four year old is orange pilled by grandfather ✅
has own Ledger Nano X and S (backup), marked with blue sticker with initials.
portfolio includes BTC, XTZ, MATIC, SOL and ETH. All dust collected from faucets and our very own Publish0x.
"Goodnight Bitcoin" and Shamory Card game are the birthday presents.
How Do You Orange Pill A 4 Year Old?
2023
BitcoinRacing team UK races in the Porsches Carrera Cup ✅
Bitcoin On Speed And The El Salvador Connection
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