History of Bitcoin – From the Beginning until Today


Satoshi Nakamoto filed a patent
in the year 2008 on August 15th. The patent was about the
revolutionary digital currency system known
as the bitcoin system. The patent got recognized internationally. The popularity was just because of the
flawless design of the currency system. Yet, calculating so many
risks associated towards its development and design,
the founder of the crypto currency did not
reveal much about his whereabouts and left the
spot light in no time. It is the further developers who contributed
quite a lot to the development of the bitcoin design and made it to be a vulnerable
rival, for world currencies today. It was in 2008 December, the white paper
about the bitcoins got published. SourceForge Bitcoin project first got
hit through SourceForge. It was in November, 2008. Bitcoin was first mined in January, 2009. Version 0.1 got released and gained
recognition from all over the world. First ever bitcoin transaction January 12 of 2009 was the first
ever bitcoin transition made. It took about 8 months from
then for the global market to get used to the new
digital currency set up. Stock indices added the
new currency bitcoin. New exchange rate or value is
established in October, 2009. Development of bitcoin hits
the IRC in the same time. In the same year, version 2 was
released in November, 2009. Currency exchanges began February 2010, after the difficulties were
overcome after the relapse of the second version, the bitcoins were ready for
currency exchanges in the global market. Encryption patent also got published
in the same month, to ensure the world wide recognition for
the growing digital currency. 10000 BTC were spent only on
Pizza in the month of May, 2010. July 7th of 2010 – 3rd
release of the bitcoin Slashdot come up with the stats of
the global users of the bitcoin. There was a huge surge for the
bitcoins at that point of time, showing promise for the investors
to see from a wide perspective. By July 2012, the growth of the
bitcoin was out of proportions. The currency exchange rate was ten times
more than what is began with at 2009. How to invest in bitcoin stock When anyone are not sure about the type of
investments to make in the right direction to get the maximum value of the investments
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often the experts today is recommending something new and
that nothing but the buttoning. Bitcoin is nothing but an
invisible currency that can actually give anyone
security, safety and at the same time fullest
value for the money that anyone choose to
invest in this channel. There are no governments that are
involved in the growth of the bitcoins or who has control over
the production of the bacons. One of the most
complicated algorithms is associated with the
generation of the bitcoin. The crypto currency that anyone chooses
to use over a period is sure to get the maximum returns more than
what one could really assume to get just because of the simple
reason that there are no influencers here in the making
of the crypto currency. These are super benefits while
choosing to invest in one currency that is not altered by the political
climate in the US or the UK. There are no solid currencies
equivalent to that of the bitcoin today for its value is
about 1000 dollars a bitcoin. This is fairly a great
deal of price to offer for anyone from any part of
the world, to choose this channel as one of the safest
and reliable means to invest in the right time
and in the right ease. investments that one makes in the
right time, helps home or her in the future, to get the maximum returns
to save his or her life at the most. Commitments keep increasing
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many reasons and the social set up is designed in such a way that the social
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lead as a role model to show the others that they are
to be followed for ethics. Social ethics are finding value only in the
upper middle class segment in particular. These people respect the tradition and
culture big time and do the conventionally followed routines without fail for they
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made in the right time. Investments in the right
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that they foresee in the right time. Their life is followed by
others in the neighborhood. Yet some are not able to
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do the savings in the bit coins. When that is done, then along
with the growing value for the money the corresponding value
are sure to grow as well. Illustration by example It means if the fees for the student in
class 12 is X amount today, then the X amount after 20 years from now, can be
something humongous for one to afford if the X amount is kept in
the same local currency in the banks or the
financial institutions. On the other hand, if the X amount
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even be able to imagine. Save money in bitcoin for the same reason. The savings that anyone makes in
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even the many other factors that make anyone value decline over the years, can
actually affect the savings in bitcoin. This is why wise people choose to invest
in the standard currencies in the past. Yet, as of today, with the world
economy in big threats often, none of the currencies is found to be stable
or reliable just like the bitcoin. The price may decline every
now and then but the stability of the crypto
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the other currencies for its humongous
stability in standards. That is witnessed in the past
few years and it is only predicted to get better in
the further years to come. Benefits of bitcoin Benefits of bitcoin investment today when
done in right manner are quite unlimited. 1. It is easy to open bank account
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to implement anyone business ideas as long as anyone are having the
universal currencies in anyone kitty. 4. Quick access to all the digital networks 5. IPOs for the start up business firms 6. Stocks and bonds for the
developing business firms online 7. Money that is programmable has
an edge over the other options 8. Smart contracts with
bitcoins open opportunities wider for international
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right platform to do the exchanges, though. That is because of one simple fact that
the mining of the crypto currencies are not only based on the local political
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complex algorithm that is made by the financials
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wonders in this same speed eventually to have grown to pinnacle heights
today in giant proportions. It is the working sample of bitcoins too. It is not any conjured up
experiment being done online. It is one of the major
new online ecosystems. That allows the users to have
extensive flexibility to gain enormous economic power
as part of their own nations.

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