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How Bitcoin Started | Short Startup Story

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In October 2008, an unknown person or group of people under the pseudonym "Satoshi Nakamoto" released public white papers titled "Bitcoin a Peer-to-Peer Electronic Cash System" The paper was published through a cryptography mailing list, and an outline the foundation of how Bitcoin would operate

And in January of 2009, the first version of Bitcoin was released, and people begin mining for Bitcoin The digital payment system caught on quickly with the cryptography community But they had so many questions, and there was just one problem No one knew who to ask because no one knew who Satoshi Nakamoto was and no one can trace him The accounts that created Bitcoin were no longer active and the virtual wallet with over 1 million bitcoins has never been touched

But despite not being owned by anything or anyone, Bitcoin still gained traction The first purchase of Bitcoin was on May 22nd 2010 when a programmer from Florida posted on a Bitcoin talk forum offering to pay 10,000 bitcoins for two large pizzas Someone in the UK accepted his offer for 10,000 bitcoins, and as of today November 11 2017, those two pizzas are worth more than $64 million dollars making it the most expensive pizza purchase ever Bitcoin started to skyrocket, and many people became millionaires overnight In the past two years, Bitcoin has risen nearly 900% and companies like Overstock, Microsoft, Dish Network, and PayPal are using it as a payment

And many big tech figures are saying the technology behind Bitcoin called the "Blockchain" is the most important invention since the internet That's how big it is! I strongly encourage you to familiarize yourself with this technology because it is the future And that's how Bitcoin started Thank you for watching my video! If you enjoyed it, please subscribe to me on YouTube and follow me on Instagram @austindanielpatry !

About the Author Dancake

Hey hey hey. It’s Ville and welcome to my blog. I am a tech enthusiast and always looking for ways to generate new income streams. At the moment Bitcoin cloud mining is one of the most promising ones and that’s why I created this website. Hope you like your stay. If you want a quick start guide about making passive income with cloud mining check out this guide.