Bitcoin

The father of the cryptoverse

bitcoin in a server
The elusive bitcoin normally exists only in code. Here we see a wild bitcoin attempting to blend in and remain unnoticed.

The history of Bitcoin

  • 2010 - 10,000 bitcoin were traded for 2 pizzas.
  • 2011 - Wikileaks begins to accept bitcoin donations. Interest is sparked as other cryptocurrencies enter the game. The cryptoverse begins to form.
  • 2012 - The bitcoin foundation is created. WordPress begins to accept bitcoin donations. Bitpay payment processing offers it services to over 1,000 merchants.
  • 2013 - Bitcoin gains more prominence in the mainstream news cycle. Silk Road and Mt.Gox do no favors for mainstream acceptance. Coinbase sells over $1 million worth of bitcoin. Overstock announces it will begin to accept bitcoin payments.
  • 2014 - NewEgg and Dell begin to accept bitcoin payments. Microsoft begins to allow payments to buy Xbox games. Some Las Vegas casinos begin to accept bitcoin. Warren Buffet grows increasingly annoyed by bitcoin.
  • 2015 - BitStamp exchange is hacked for 19,000 bitcoin. The number of merchants accepting bitcoin grows to 100,000.
  • 2016 - The Japanese government begins to recognize bitcoin and other cryptocurrencies as real money. The idea that bitcoin is only used by criminals is shown to be a myth. Bitfinex is hacked for 120,000 bitcoin. Swiss Railway operator SBB begins to sell bitcoin through a phone scanner app.
  • 2017 - The number of business accepting bitcoin continues to increase. Bitcoin useage begins to grow in B2B payments. Japan passes a law to accept bitcoin as legal payment and Russia announces its plans to legalize cryptocurrencies as payment. A fork occurs as bitcoin continues on its way and bitcoin cash (BCH) is born. The PC gaming app Steam is not a fan of bitcoin.
  • 2018 - South Korea bans anonymous bitcoin trading. Payment system Stripe announces it will phase out bitcoin payments. George Soros joins the club of people who feel threatened by bitcoin.
  • 2019 - After seeing a high of $20,000 in the previous year, bitcoin is trading below $4000.
  • 2020 - Paypal begins to allow the trading of bitcoin.
  • 2021 - El Salvador adopts bitcoin as legal tender. Bitcoin reaches a high of $60000.
  • 2022 - Bitcoin and the crypto market follow the stock market down. Bitcoin, functioning as the glue that holds the entire crypto market together, looks to maintain value at $30,000.
"A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system."

--Satoshi Nakamoto

Read about the creator of bitcoin here