A Look at How Second Life’s Linden Dollars Helped Kickstart Bitcoin’s Value

A Look at How Second Life's Linden Dollars Helped Kickstart Bitcoin's ValueWhen people think about bitcoin’s past they sometimes refer to subjects like Mt Gox, the Silk Road, or the famous pizza transaction. Although, people often forget that the online virtual world Second Life played an important role during the Bitcoin network’s early years. In fact, some large Linden dollar (L$) holders who swapped their virtual […]

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How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin’s Creator Wasn’t the Only Mining Whale

How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin's Creator Wasn't the Only Mining WhaleThroughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people assume that decade-old coinbase spends could stem […]

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Bitcoin’s Early Days: Reporter Recalls $200K Sushi Dinner After Spending 10 BTC, Former Bitcoin Dev Sells 55,000 BTC for Under $30 a Coin

Bitcoin’s Early Days: Reporter Recalls $200K Sushi Dinner After Spending 10 BTC, Former Bitcoin Dev Sells 55,000 BTC for Under $30 a CoinAs bitcoin touched an all-time price high this week, the tech reporter at the New York Times, Kashmir Hill, recalled how she spent 10 BTC ($224k) for a sushi dinner for a couple of dozen strangers. Hill wrote about the dining experience in a recent article called “How I Blew My Bitcoin on Sushi: My […]

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Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?

Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them?When the idea of a working digital currency like bitcoin was introduced, many of its early adopters disliked the current bureaucratic system, with a cartel of bankers pulling the world’s monetary strings. Over time, however, something weird has happened and the idea of permissionless innovation perverted into people literally asking nation states for permission, begging […]

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Bitcoin Distribution Process Was ‘Fairest’ Possible System, Study Claims

Bitcoin Distribution Process Was 'Fairest' Possible System, Study ClaimsDan Held, co-founder of Interchange, published a summary on Thursday about the perceived fairness of Satoshi Nakamoto’s initial distribution of bitcoins. The director of the institutional-grade cryptocurrency portfolio management service argues that the Bitcoin protocol’s earliest cryptocurrency distribution processes remain the most honest and equitable to date, particularly in comparison with the methods favored by […]

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