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Two fantastic compilations of Bitcoin history are available at the [http://historyofbitcoin.org HistoryOfBitcoin.org] and [http://igotbitcoin.com/milestones igotbitcoin.com/milestones] sites.
Two fantastic compilations of Bitcoin history are available at the [http://historyofbitcoin.org HistoryOfBitcoin.org] and [http://igotbitcoin.com/milestones igotbitcoin.com/milestones] sites.
== Some historical events related to digital currencies predating the Bitcoin project ==
=== 1913 ===
{| style="text-align: left"
|-
! width="8em" | December 23
|| The Federal Reserve Act<ref>The [https://en.wikipedia.org/wiki/Federal_Reserve_Act Federal Reserve Act]</ref>
|}
=== 1933 ===
{| style="text-align: left"
|-
! width="8em" | April 5
|| Executive Order 6102<ref>[https://en.wikipedia.org/wiki/Executive_Order_6102 Executive Order 6102]</ref>, "Confiscation of gold", signed. Later, the United States went off the gold standard. Reversed in 1974.
|}
=== 1936 ===
{| style="text-align: left"
|-
! width="8em" | Feburary
|| Keynesian economic theory<ref>[https://en.wikipedia.org/wiki/The_General_Theory_of_Employment,_Interest_and_Money The General Theory] is a book written by Kaynes that was a milestone in [https://en.wikipedia.org/wiki/Keynesian_economics macroeconomic theory.]</ref> developed
|}
=== 1976 ===
{| style="text-align: left"
|-
! width="8em" |
|| Diffie and Hellman discover asymmetric public key cryptography<ref>[https://en.wikipedia.org/wiki/Diffie%E2%80%93Hellman_key_exchange Diffie-Hellman key exchange]</ref>.
|}
=== 1983 ===
{| style="text-align: left"
|-
! width="8em" |
|| David Chaum develops idea of e-cash<ref>[http://blog.koehntopp.de/uploads/chaum_fiat_naor_ecash.pdf Untraceable electronic cash]</ref>.
|}
=== 1992 ===
{| style="text-align: left"
|-
! width="8em" |
|| Cypherpunk movement and mailing list<ref>[https://mailing-list-archive.cryptoanarchy.wiki/ Cypherpunk mailing list archives]</ref> started.
|}
=== 1993 ===
{| style="text-align: left"
|-
! width="8em" | January 17
|| Hal Finney predicts NFTs<ref>[https://mailing-list-archive.cryptoanarchy.wiki/archive/1993/01/ee44616c1d030cb0722be6e3e5ff9c16e6535f48514cbb881f09b27884275c14/ 1993-01-17 - Crypto trading cards.]</ref>.
|}
=== 1995 ===
{| style="text-align: left"
|-
! width="8em" |
|| David Chaum implements Digicash<ref>[https://www.forbes.com/forbes/1999/1101/6411390a.html Requiem for a Bright Idea
]</ref>.
|}
=== 1996 ===
{| style="text-align: left"
|-
! width="8em" | June 18
|| NSA publishes "Anonymous Electronic Cash"<ref>[https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH]</ref>.
|}
=== 1997 ===
{| style="text-align: left"
|-
! width="8em" |
|| Tim May proposes crypto based on remailers<ref>[http://osaka.law.miami.edu/~froomkin/articles/tcmay.htm Untraceable Digital Cash, Information Markets, and BlackNet]</ref>.
|-
! width="8em" | May
|| Adam Back proposes HashCash<ref>[http://www.hashcash.org/papers/hashcash.pdf Hashcash - A Denial of Service Counter-Measure]</ref>. implemented in 2001.
|}
=== 1998 ===
{| style="text-align: left"
|-
! width="8em" | May
|| Wei Dei starts b-money<ref>http://www.weidai.com/bmoney.txt</ref>.
|}
=== 1999 ===
{| style="text-align: left"
|-
! width="8em" |
|| Liberty dollar starts<ref>[https://libertydollar.net/the-history-of-the-liberty-dollar/ The History of the Liberty Dollar]</ref>. Its office was raided in 2007[https://web.archive.org/web/20071118023934/https://reason.com/blog/show/123553.html Your Liberty Dollar Raid Update] and it shut down soon after.
|-
! width="8em" |
|| Milton Friedman predicts e-currencies<ref>[https://cointelegraph.com/news/nobel-laureate-milton-friedman-predicted-bitcoin-era-17-years-ago Nobel Laureate Milton Friedman Predicted Bitcoin Era 17 Years Ago - CoinTelegraph]</ref>.
|}
=== 2000 ===
{| style="text-align: left"
|-
! width="8em" | May
|| Paypal as we know it today is founded<ref>[https://en.wikipedia.org/wiki/Timeline_of_PayPal Timeline of PayPal - Wikipedia]</ref>.
|}
=== 2001 ===
{| style="text-align: left"
|-
! width="8em" |
|| Pecunix, an Panamaian e-currency based on gold reserves, is created<ref>[https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2014/5/cato-journal-v34n2-5.pdf The Troubling Suppression of Competition from Alternative Monies: The Cases of the Liberty Dollar and E-gold]</ref>.
|}
=== 2002 ===
{| style="text-align: left"
|-
! width="8em" |
|| John Nash publishes the paper "Ideal Money"<ref>https://www.jstor.org/stable/1061553</ref>.
|-
! width="8em" | Feburary 10
|| First mention of "The Digital Monetary Trust"<ref>[https://web.archive.org/web/20020210143425/http://orlingrabbe.com/dmt_guide.htm A Guide To the DMT System]</ref>.
|-
! width="8em" | December 9
|| "X" publishes on digital peer to peer currency in UK finance group<ref>[[X|"X"]] - Bitcoin Wiki</ref>.
|}


== Important milestones of the Bitcoin project ==
== Important milestones of the Bitcoin project ==
Line 10: Line 116:
|-
|-
! October 31
! October 31
|| [http://article.gmane.org/gmane.comp.encryption.general/12588/ Bitcoin design paper] published
|| [https://notatether.com/bitcoin.pdf Bitcoin whitepaper] published
|-
|-
! November 09
! November 09
Line 23: Line 129:
|-
|-
! January 9
! January 9
|| Bitcoin v0.1 released and announced on the [http://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html cryptography mailing list]
|| Bitcoin v0.1 released and announced on the [http://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html cryptography mailing list]. Hal Finney tweets "Running bitcoin" the following day.<ref>[https://twitter.com/halfin/status/1110302988?lang=en]</ref>
|-
|-
! January 12
! January 12
|| First Bitcoin transaction, [http://www.BlockExplorer.com/b/170 in block 170] - from [[Satoshi]] to Hal Finney<ref>[http://bitcointalk.org/index.php?topic=91806.msg1012234#msg1012234 Earliest Block With A Spend]</ref>.
|| First Bitcoin transaction, [http://www.BlockExplorer.com/b/170 in block 170] - from [[Satoshi]] to Hal Finney<ref>[http://bitcointalk.org/index.php?topic=91806.msg1012234#msg1012234 Earliest Block With A Spend]</ref>.
|-
! March 8
|| Bitcoin Wikipedia page created<ref>[https://en.wikipedia.org/w/index.php?title=Bitcoin&oldid=275832581]</ref>
|-
! May 8
|| Announcement of Bitcoin on Reddit<ref>[https://np.reddit.com/r/business/comments/8itlf/bitcoin_a_peertopeer_network_based_anonymous/ Bitcoin: A peer-to-peer network based anonymous digital currency. r/business]</ref>
|-
|-
! October 5
! October 5
Line 149: Line 261:
! March 18
! March 18
|| BTC/USD exchange rate reaches a 6-week low point at almost $0.70/BTC, after what appeared to be a short burst of, possibly automated, BTC sales at progressively lower prices. BTC price had been declining since the February 9 high.
|| BTC/USD exchange rate reaches a 6-week low point at almost $0.70/BTC, after what appeared to be a short burst of, possibly automated, BTC sales at progressively lower prices. BTC price had been declining since the February 9 high.
|-
! March 22
|| [https://www.weusecoins.com/ WeUseCoins] releases the viral video [https://www.youtube.com/watch?v=Um63OQz3bjo What Is Bitcoin?] which has had more than 6.4 million views.
|-
|-
! March 25
! March 25
Line 295: Line 410:
! April 1
! April 1
|| Bitcoin price breaks 100 USD on [[MtGox]] and other major exchanges.
|| Bitcoin price breaks 100 USD on [[MtGox]] and other major exchanges.
|-
|}
=== 2014 ===
=== 2015 ===
=== 2016 ===
=== 2017 ===
{| style="text-align: left"
|-
! May 3
|| [[Tonal Bitcoin]] reached parity with the US dollar, touching $1 per TBC for the first time.
|-
|-
|}
|}

Revision as of 11:50, 7 August 2021

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 This page is outdated. You can help improve it by providing up-to-date information.

Two fantastic compilations of Bitcoin history are available at the HistoryOfBitcoin.org and igotbitcoin.com/milestones sites.

Some historical events related to digital currencies predating the Bitcoin project

1913

December 23 The Federal Reserve Act[1]

1933

April 5 Executive Order 6102[2], "Confiscation of gold", signed. Later, the United States went off the gold standard. Reversed in 1974.

1936

Feburary Keynesian economic theory[3] developed

1976

Diffie and Hellman discover asymmetric public key cryptography[4].

1983

David Chaum develops idea of e-cash[5].

1992

Cypherpunk movement and mailing list[6] started.

1993

January 17 Hal Finney predicts NFTs[7].

1995

David Chaum implements Digicash[8].

1996

June 18 NSA publishes "Anonymous Electronic Cash"[9].

1997

Tim May proposes crypto based on remailers[10].
May Adam Back proposes HashCash[11]. implemented in 2001.

1998

May Wei Dei starts b-money[12].

1999

Liberty dollar starts[13]. Its office was raided in 2007Your Liberty Dollar Raid Update and it shut down soon after.
Milton Friedman predicts e-currencies[14].

2000

May Paypal as we know it today is founded[15].

2001

Pecunix, an Panamaian e-currency based on gold reserves, is created[16].

2002

John Nash publishes the paper "Ideal Money"[17].
Feburary 10 First mention of "The Digital Monetary Trust"[18].
December 9 "X" publishes on digital peer to peer currency in UK finance group[19].

Important milestones of the Bitcoin project

2008

August 18 Domain name "bitcoin.org" registered[20].
October 31 Bitcoin whitepaper published
November 09 Bitcoin project registered at SourceForge.net

2009

January 3 Genesis block established at 18:15:05 GMT
January 9 Bitcoin v0.1 released and announced on the cryptography mailing list. Hal Finney tweets "Running bitcoin" the following day.[21]
January 12 First Bitcoin transaction, in block 170 - from Satoshi to Hal Finney[22].
March 8 Bitcoin Wikipedia page created[23]
May 8 Announcement of Bitcoin on Reddit[24]
October 5 Exchange rates published by New Liberty Standard. $1 = 1,309.03 BTC (and theymos thought NLS was overcharging[25])
October 9 #bitcoin-dev channel registered on freenode IRC.
December 16 Bitcoin v0.2 released
December 30 First difficulty increase at 06:11:04 GMT

2010

February 6 Bitcoin Market established
May 22 laszlo first to buy pizza with Bitcoins agreeing upon paying 10,000 BTC for ~$25 worth of pizza courtesy of jercos[26]
July 7 Bitcoin v0.3 released
July 11 Bitcoin v0.3 release mentioned on slashdot[27], bringing a large influx of new bitcoin users.
July 12 Beginning of a 10x increase in exchange value over a 5 day period, from about $0.008/BTC to $0.08/BTC
July 17 MtGox established
July 18 ArtForz generated his first block after establishing his personal OpenCL GPU hash farm
August 15 Bug in the bitcoin code allows a bad transaction into block 74638. Users quickly adopt fixed code and the "good" block chain overtook the bad one at a block height of 74691, 53 blocks later (Incidents#Value_overflow).
September 14 jgarzik offered 10,000 BTC (valued at ~$600-650) to puddinpop to open source their windows-based CUDA client
September 14 Block 79,764 is first to be mined using split allocation of the generation reward.
September 18 puddinpop released source to their windows-based CUDA client under MIT license
September 29 kermit discovered a microtransactions exploit which precipitated the Bitcoin v0.3.13 release
October 01 First public OpenCL miner released
October 04 Original Bitcoin History wiki page (this page) established (ooh so meta) on Bitcoin.org's wiki.
October 07 Exchange rate started climbing up from $0.06/BTC after several flat months.
October 16 First recorded escrowed bitcoin trade conducted, between nanotube and Diablo-D3, escrowed by theymos.
October 17 #bitcoin-otc trading channel established on freenode IRC.
October 28 First bitcoin short sale transaction initiated, with a loan of 100 BTC by nanotube to kiba, facilitated by the #bitcoin-otc market.
November 6 The Bitcoin economy passed US $1 million. The MtGox price touched USD $0.50/BTC.
December 7 Bitcoind was compiled for the Nokia N900 mobile computer by doublec. The following day, ribuck sent him 0.42 BTC in the first portable-to-portable Bitcoin transaction.
December 9 The generation difficulty passed 10,000.
First bitcoin call option contract sold, from nanotube to sgornick, via the #bitcoin-otc market.
December 16 Bitcoin Pooled Mining, operated by slush, found its first block

2011

January 2 Tonal Bitcoin units standardized.
January 8 History of Bitcoin page (this page) created after replicating from original Bitcoin History page on Bitcoin.org.
Bitcoin Pooled Mining reached a total of 10,000 Mhash/s
January 27 Largest numeric value ever traded for bitcoins thus far occurred on this date. Three currency bills from Zimbabwe, known as Zimdollars, were traded on #bitcoin-otc at the rate of 4 BTC for each of the one-hundred trillion dollar ($100,000,000,000,000) Zimbabwe notes[28]
January 28 Block 105000 was generated. This means that 5.25 million bitcoins have been generated, which is just over one-quarter of the eventual total of nearly 21 million.
February 9 Bitcoin reached parity with the US dollar, touching $1 per BTC at MtGox.
February 10 Bitcoin.org website struggles to handle traffic resulting from mentions on Slashdot[29], Hacker News and Twitter following the news that parity had been reached.
February 14 A vehicle was, for the first time, offered in exchange for a certain number of bitcoins[30].
March 1 MagicalTux buys mtgox.com from its founder Jed McCaleb
March 6 Total Bitcoin network computation speed for a short time reached a new high of almost 900Ghash/sec, dropping to 500Ghash/sec soon after. Some speculate that this was due to some supercomputer or bot-net that joined the network (mystery miner).
March 18 BTC/USD exchange rate reaches a 6-week low point at almost $0.70/BTC, after what appeared to be a short burst of, possibly automated, BTC sales at progressively lower prices. BTC price had been declining since the February 9 high.
March 22 WeUseCoins releases the viral video What Is Bitcoin? which has had more than 6.4 million views.
March 25 Difficulty decreased nearly 10%. A decrease has only occurred once before, and this decrease of nearly 10% was the largest.
March 27 The first market for exchanging bitcoins to and from the British Pound Sterling BTC/GBP, Britcoin, opens.
March 31 The first market for exchanging bitcoins to and from Brazilian Reals, Bitcoin Brazil, opens.
April 5 The first market for exchanging bitcoins to and from the Polish złoty, BitMarket.eu, opens.
April 12 First bitcoin put option contract sold via the #bitcoin-otc market.
April 16 TIME does an article on Bitcoin.
April 23 BTC/USD exchange rate reaches and passes parity with the Euro (EUR) on MtGox exchange.
BTC/USD exchange rate reaches and passes parity with the British Sterling Pound (GBP) on MtGox exchange.
Value of the Bitcoin money stock at current exchange rate passes $10 million USD threshold.
April 27 VirWoX opens first market to trade bitcoins against a virtual currency on BTC/SL (Second Life Lindens) exchange.
April 30 The generation difficulty passed 100,000.
June 2 The exchange rate at MtGox touched 10 USD per BTC.
June 3 Tonal Bitcoin reached parity with the US cent, touching 1¢ per TBC at Bitcoin Market.
June 8 The MtGox exchange rate peaked at 31.91 USD, at a "market capitalization" of about $206 M [3].
June 12 The MtGox exchange rate briefly dropped to near 10 USD four days after the peak, in its largest percentage price retreat to date.
June 13 Forum user allinvain claimed to have had 25,000 BTC stolen from his Bitcoin wallet (approx. USD equivalent $375,000).
June 19 The MtGox database was compromised and the user table was leaked, containing details of 60,000 usernames, email addresses and password hashes, some of which were overly simple to brute force passwords.
June 19 Someone was able to access an admin account at MtGox and issue sell orders for hundreds of thousands of fake bitcoins, forcing the MtGox price down from $17.51 per bitcoin to $0.01. MtGox announced that these trades would be reversed. Trading was halted at MtGox for 7 days (and also briefly at TradeHill and Britcoin while their security was reviewed).
June 19 Some of the users on the leaked MtGox database had used the same username at MyBitcoin and had their passwords hacked. About 600 of them had their balance stolen from their MyBitcoin accounts. One user lost over 2000 BTC.
June 20 The EFF announced that it was no longer accepting Bitcoin donations due to legal uncertainties.
June 24 The generation difficulty passed 1,000,000 with Block 133056.
July 19 "Let it go on record that at 4:05pm CET [19 July 2011], my manager Tadek was the first person in the world to receive [testnet] Bitcoins via NFC ;)" - Mike Hearn
July 22 BitCoins Mobile, the first Bitcoin application for iPad was released by Intervex Digital.
July 26 Room77 becomes the first brick-and-mortar business (bar) to accept Bitcoin as a means of payment.
July 30 Tribute to Len Sassaman included in the blockchain[31].
August 20 First Bitcoin Conference and World Expo held, in NYC.[32]
August 23 P2Pool, the first P2P decentralized pool, mines its first Bitcoin mainnet block (Block 142,312).
August 30 Difficulty adjustment at block 143,136 marks the first back-to-back drop.
November 15 First CVE (CVE-2011-4447) assigned to a Bitcoin client exploit.
November 25 First European Bitcoin Conference in Prague, Czech Rep.[33]
December 12 Largest amount of fees, to-date, in a single transaction, and most fees in a single block. A transaction paid 171 BTC in fees in block 157235[34].

2012

March 1 Largest theft of bitcoins to-date occurred (near 50K BTC) after security breach at web host Linode.
April 1 Pay-to-script-hash (P2SH) as defined through BIP 0016 goes live.
May 08 A single service, Satoshi Dice becomes responsible for over half the transaction volume on the Bitcoin blockchain.
June 3 Largest block (most transactions), to-date (June 3), is block 181919 with 1322 transactions[35].
July 22 One millionth topic reply was posted on the unofficial Bitcoin Forum [36].
September 15-16 Bitcoin Conference in London [37].
September 27 Formation of the Bitcoin Foundation.
November 28 Halving day. Block 210,000 is the first with a block reward subsidy of only 25 BTC.
December 6 First Bitcoin exchange licensed "as a bank" in europe (actually a PSP which is like a bank, without debt-money issuing).

2013

February 19 Bitcoin Client v0.8 released featuring improved download speed and Bloom Filtering
February 28 The MtGox exchange rate broke the June 8 2011 peak of 31.91 USD. The first all time high since 601 days
March 12 A previously undiscovered protocol rule results in a hard fork of the 0.8.0 reference client.
March 18 The United States federal agency charged with enforcing laws against money laundering (FinCEN) declares that Bitcoin users are subject to regulation only at the point of USD-BTC exchange.[38]
March 28 Total Bitcoin market cap passes $1 billion. [39]
April 1 Bitcoin price breaks 100 USD on MtGox and other major exchanges.

2014

2015

2016

2017

May 3 Tonal Bitcoin reached parity with the US dollar, touching $1 per TBC for the first time.

See Also

References

  1. ↑ The Federal Reserve Act
  2. ↑ Executive Order 6102
  3. ↑ The General Theory is a book written by Kaynes that was a milestone in macroeconomic theory.
  4. ↑ Diffie-Hellman key exchange
  5. ↑ Untraceable electronic cash
  6. ↑ Cypherpunk mailing list archives
  7. ↑ 1993-01-17 - Crypto trading cards.
  8. ↑ [https://www.forbes.com/forbes/1999/1101/6411390a.html Requiem for a Bright Idea ]
  9. ↑ HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
  10. ↑ Untraceable Digital Cash, Information Markets, and BlackNet
  11. ↑ Hashcash - A Denial of Service Counter-Measure
  12. ↑ http://www.weidai.com/bmoney.txt
  13. ↑ The History of the Liberty Dollar
  14. ↑ Nobel Laureate Milton Friedman Predicted Bitcoin Era 17 Years Ago - CoinTelegraph
  15. ↑ Timeline of PayPal - Wikipedia
  16. ↑ The Troubling Suppression of Competition from Alternative Monies: The Cases of the Liberty Dollar and E-gold
  17. ↑ https://www.jstor.org/stable/1061553
  18. ↑ A Guide To the DMT System
  19. ↑ "X" - Bitcoin Wiki
  20. ↑ According to theymos, Satoshi registered bitcoin.org via https://www.anonymousspeech.com/ which allows to anonymously register domains.
  21. ↑ [1]
  22. ↑ Earliest Block With A Spend
  23. ↑ [2]
  24. ↑ Bitcoin: A peer-to-peer network based anonymous digital currency. r/business
  25. ↑ Historical Price Data for 2009
  26. ↑ bitcointalk post where laszlo confirmed having bought pizza
  27. ↑ slashdot metiones Bitcoin
  28. ↑ Serial numbers for Zimdollars sold: AA1669317, AA1669318 and AA1669319
  29. ↑ Online-Only Currency BitCoin Reaches Dollar Parity
  30. ↑ Car for Sale - Australia
  31. ↑ A Tribute to Len "rabbi" Sassama
  32. ↑ New York Conference 2011
  33. ↑ Prague Conference 2011
  34. ↑ Largest fee ever?
  35. ↑ Largest block to date
  36. ↑ Topic about one millionth forum post
  37. ↑ London Conference 2012
  38. ↑ US regulator: Bitcoin exchanges must comply with money-laundering laws
  39. ↑ http://spectrum.ieee.org/computing/networks/bitcoin-hits-1billion

Pages in category "History"

The following 4 pages are in this category, out of 4 total.

1

2

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