Bitcoin History Part 7: The First Major Hack
Hacks and heists have been a threat for as long as bitcoin has been worth stealing. By 2011, as Bitcoin was easing into its second year of life and...
Bitcoin History Part 6: The First Bitcoin Exchange
Aside from mining, the only way to obtain bitcoin in the very early days was by trading it on forums or IRC. This arrangement relied on the other party...
Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1
How much is one bitcoin worth? In fiat currency terms, that’s a constantly shifting answer, but ever since the beginning, the following has held true: one bitcoin is worth...
Bitcoin History Part 9: Mt. Gox Is Born
“Hi everyone, I just put up a new bitcoin exchange. Please let me know what you think.” With those innocuous words, one of the most notorious sagas in Bitcoin’s...
Bitcoin History Part 3: Turning on the Faucet
With no exchanges, P2P marketplaces, or escrow services in Bitcoin’s earliest days, acquiring coins wasn’t easy. You either mined them or begged someone on the Bitcointalk forum to sell...
Bitcoin History Part 4: Casascius Creates Physical Bitcoins
Bitcoin was born as a wholly digital currency, and it might have remained that way had it not been for the efforts of an early adopter from Utah. His...