Bitcoin celebrates its 12 years today
Today Bitcoin celebrates its 12 years of existence. In halloween 2008 Satoshi Nakamoto published the white paper of the leading cryptomoney.
The market’s leading kryptonet, Bitcoin celebrates its 12 years today. Yes, today is also Halloween or also known as “Halloween” which is initially celebrated in the United States. Although over the years, it has been adopted by several countries around the world.
The fact is, it seems that it was only yesterday, October 31st 2008, that the Bitcoin white paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” was released because of the identity, or perhaps, identities, behind the pseudonym Satoshi Nakamoto.
In that October 2008, Satoshi Nakamoto left one of the most momentous documents in the history of money. That after more than a decade, is still an effervescent reason for deep studies, interpretations and, above all, unanswered enigmas.
So, Bitcoin celebrates its 12th birthday today, and the market’s leading cryptomoney sooner exceeded $14,000. It currently trades at USD 13,700 according to our online crypto tool. Without a doubt, since 2008, BTC has experienced remarkable and exponential growth in many areas.
How was BTC born?
It was a Friday, October 31 at 14:10:00 EDT the day that was published through the mailing list “The Cryptography Mailing List” the post that started everything. Under the title “Bitcoin P2P e-cash paper”, the pseudonym Satoshi Nakamoto shared an idea based on a “new digital cash system”. That would unveil the appointment and foundation of Bitcoin for the first time in history.
“I have been working on a new electronic cash system that is totally peer-to-peer, without a trusted third party. The main properties are: There is no double overhead with a peer-to-peer network, there are no entities or other trusted third parties, participants can be anonymous. And the new coins are issued from a Proof-of-Work, Hashcash style.
“The Proof-of-Work for the generation of new coins also empowers the network to avoid double spending. This is part of a summary from the original publication by Satoshi Nakamoto. Where he first shared the Bitcoin project.
And then what happened to BTC?
On January 8, 2009, just over two months after publication, words turned into deeds: the mysterious creator mined the first block of Bitcoin with a reward of 50 new BTCs sent to 12c6DSiU4Rq3P4ZxziKxzrL5LmMBrzjrJX. And generated from the whole process described by Satoshi in his first document. It was a milestone in the modern history of money.
On January 12, 2009, Hal Finney became the first recipient of a person-to-person Bitcoin transaction, and yes, it was Satoshi Nakamoto who sent him the first BTCs used for the purpose for which they were created. Finney, in turn, became the first person to run the Bitcoin software. And, he ended up being an important developer of the project during the first year of Satoshi’s creation.
Then, Satoshi Nakamoto created the Bitcointalk space in November 2009, creating a forum to talk about Bitcoin. And, in this way, encourage its development.
In February 2010, the Bitcoin Market was published in this forum. One of the first important platforms for buying and selling Bitcoin through traditional payment methods.
Satoshi Nakamoto was not heard from again
On July 18, 2010, through the same forum, the mythical Mt Gox was announced, preceded by Jed McCaleb, giving meaning to the first great Bitcoin exchange that also introduced volume values, maximum prices, minimum prices, and trading positions.
With it, the first steps of the big industry around Bitcoin were marked to become what we see today. On December 12, 2010, Satoshi Nakamoto posted his latest message on the Internet through Bitcointalk. After this, he was never heard from again.
Long Live Bitcoin!
Today, 12 years after its creation, and after ups and downs (on 17 December 2017 the price of bitcoin reached USD 19,786), BTC is now trading above USD 13,700. And, according to analysts, it is ready to take off again and surpass its historical record.
Adoption is growing, people are more interested in learning about cryptomonics, blockchain and investing. And, country governments have begun to take this into account, both to regulate and to use. So much so that it even became an agenda item and relevant in the pre-election conversation in the United States.
Bitcoin is a globally known word, with exponential growth in usability. And that, thanks to its 12 years of life, leaves an excellent perspective for the next centuries that humanity foresees in its relationship with the new money. Bitcoin celebrates today what many of us want for it: Long live Bitcoin!
What is the relationship between Halloween and Bitcoin?
But is it a coincidence that Halloween is the anniversary of Bitcoin? Coincidence or is it an isolated event? It’s probably not just a coincidence that on Halloween, Nakamoto published the Bitcoin White Paper, and that in later years we’ll add to it the maximum that BTC reached on October 31, 2017, above $6,000. What is certain is that, since then, the ecosystem has already linked one event to another.
Do you think Bitcoin and Halloween are closely related, or is it just a coincidence?