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Category: Early Days
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A Look at How Second Life’s Linden Dollars Helped Kickstart Bitcoin’s Value
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How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin’s Creator Wasn’t the Only Mining Whale
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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
As 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 […]
The post 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 appeared first on Bitcoin News.
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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 […]
The post Bitcoin Intentions: Are We Aiming to Replace the Status Quo or Become Them? appeared first on Bitcoin News.
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Bitcoin Distribution Process Was ‘Fairest’ Possible System, Study Claims
Dan 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 […]
The post Bitcoin Distribution Process Was ‘Fairest’ Possible System, Study Claims appeared first on Bitcoin News.
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