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The Biggest Moments in Bitcoin History

THE BIGGEST MOMENTS OBitcoin History Bitcoin Average Prices Firsts, positive events, launches Currency exchanges and value changes Heists, leaks, exploits Generation Difficulty History and Value History SATOSHI NAKAMOTO, the persona created to mask the identity of the original Bitcoin creator(s), began working on the concept. Winter 2008 Spring 2008 An encryption patent is filed by Neal Kin, Vladimir Oksman and Charles Bry. Bitcoin.org is registered. The famous Bitcoin White Paper, authored by 'Satoshi Nakamoto', is published. Block 0, THE GENESIS BLOCK, is established. Version 0.1 of Bitcoin is released. no exchange The FIRST bitcoin TRANSACTION occurs in block 170 between Satoshi and Hal Finney. Spring 2009 no exchange Summer 2009 no exchange The FIRST bitcoin exchange rate is established 1 USD = 1,309.03 BTC no exchange 8 Version 0.2 of Bitcoin is released. The FIRST currency exchange is born, known as The Bitcoin Market. $0.01 The original encryption patent is published. 10,000 BTC is spent on pizza. 10 $0.08 Mt. Gox exchange platform established. MT.GOX 15 An exploit allowed 92 billion BTC to be HACKED into existence, forcing cancelations on all transactions during the time frame of the fix. The Bitcoin economy exceeds 512 1 million USD First MOBILE to MOBILE Bitcoin transaction. total Bitcoins 25% generated 16,307 $1 5.25 million Bitcoins 1 Bitcoin = 1 USD (first time it reaches parity). First car is sold in exchange for 3000 BTC (an '84 Celica Supra). Markets and exchanges open in 82,346 $31 BRITAIN and BRAZIL. $39.91 1 BTC skyrockets to $39.91 and then tanks down to $10. $10 Large THEFT reported: 25,000 втс ($375,000). Mt. Gox Leak- S 60,000 user profiles leaked, tanks BTC to $0.01. MT.GOX 876,954 The Electronic Frontier Foundation (EFF) discontinues acceptance of Bitcoins. BitPay launches the first smartphone e-wallet for Bitcoins. MyBitcoin exchange loses 150,000 BTC • ($2 million at the time). Autumn 2011 1,689,334 $Z Winter 2012 1,159,929 $14 Linode hacked, 46,000 BTC stolen ($228,000 at the time). 1,508,590 $266 FBI report leaked showing concerns with Bitcoin facilitating illegal transactions for weapons and drugs. fot Coinbase is founded. Currently the most popular Bitcoin wallet and platform. COINBASE 1,751,455 Bitcoin exchange "Bitfloor" is hacked for 24,000 BTC ($250,000 at the time). The Bitcoin Foundation is founded with a core dev team for the protocol and a body to oversee Bitcoin. Wordpress.com accepts Bitcoin for purchasing upgrades. 3,054,629 Halving Day The first time a block reward reduces to 25 BTC from 50. Bitcoin Central becomes first Bitcoin exchange to be licensed as a European bank. Winter 2013 3,256,480 BitPay EXCEEDS 10,000 TRANSACTIONS for its merchants with ZERO cases of fraud. Kim Dotcom accepts Bitcoin payments with bitvoucher.co The fastest growing gift card app Gyft integrates Bitcoin, making it easier for consumers to buy with Bitcoin. gyft e The underlying Bitcoin protocol almost failed, splitting the blockchain in two, and forcing all Bitcoin developers and miners using the 0.8 version to revert back to 0.7. This caused a temporary 23% drop in value. A Bitcoin brokerage firm, Bitlnstant, is hacked and thieved of $12,000 USD in Bitcoins. 11 million A Pensacola homeless shelter, Sean's Outpost starts accepting Bitcoin donations. The total Bitcoin market cap passed $1 billion USD. Coindesk, a Bitcoin news, resource, and data website is launched by a Spotify investor Shakil Khan. E CoinDesk Coinlab files a lawsuit against Mt. Gox on multiple counts of breach of contract, resulting in $75 million in damages. The first Bitcoin ATM is launched in San Diego, CA. Summer 2013 50 million $110 The FBI shuts down Silk Road, an online drug marketplace E where purchases can be made O with bitcoins. > $3.6 million USD was seized in bitcoins. A Subway chain in Allentown, PA SUBWAY becomes the first in the U.S. to accept bitcoins. After a Senate hearing that discussed the legitimacy and challenges of virtual currencies, 510 million $350 the price of Bitcoin rockets up to a record of $1,242 USD. Bitcoin transaction volume exceeds that of Western Union Company. | shopify Shopify and Virgin Galactic start accepting Bitcoin. The biggest Bitcoin heist $750-$1000 occurs on Sheep Marketplace, an online drug site, where over 96,000 Bitcoins are stolen. China's Central Bank bans all financial institutions from handling Bitcoin transactions and Baidu - China's top internet search engine - ceases Bitcoin transactons as well, sinking the value of Bitcoin to $500. $500 The largest Bitcoin exchange in the world, Mt. Gox, loses $450 million in Bitcoin 2 billion (850,000 BTC) to theft and mismanagement, and files for bankruptcy and liquidation. Spring 2014 8 billion $470 Summer 2014 26 billion $400 PayPal partners up with BitPay, PayPal Coinbase, and GoCoin to accept Bitcoin. Merchant services expand to Dell, DirecTV, Expedia, CheapAir, LeapMotion, and 1-800-Flowers; all now accepting Bitcoin. Over $260 million in venture capital 40 billion $380 invested into Bitcoin companies. 50% of that has occurred in 2014. Multi-signature transactions get implemented, improving Bitcoin security. Mozilla starts accepting Bitcoin donations. FUTURE PREDICTIONS is the year for the next expected Halving Day, bringing the BTC/block reward down to 12.5 from 25 Sources - https://web.nvd.nist.gov/view/vuln/detailvulnid=CVE-2010-5139 - http://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/ - http://historyofbitcoin.org/ - https://en.bitcoin.it/wiki/History - http://www.coindesk.com/9-biggestscrewups-bitcoin-history/ - https://en.bitcoin.it/wiki/Controlled_Currency_Supply Bitcoin Magazine History of Bitcoin Coin Desk National Vulnerability Database NATIVE MERCHANT SERVICES LLC 2017 2014 • Dec 2013 2012 ● Mar 2011 2010 • June ● May • Mar ● May ● May 6007 8007 Feb L007

The Biggest Moments in Bitcoin History

shared by JesseAaron on Jan 15
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This infographic details the history of bitcoin, highlighting some of the biggest moments which include heists, leaks, milestones, and achievements.

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