What stories from the history of BitCoin become legends? Part 1

in #bitcoin8 years ago

My next article is about business and finance.

The date of birth of the first in the history of cryptocurrency considered to be May 24, 2009, when Japanese Satushev Nakamoto published an article with the idea cryptocurrency called them BitCoin.

Source As they say, it's probably the name was a pseudonym of one or even a group of Japanese programmers. Although today the Internet you can find a photo Nakamoto, but whether this person actually exists in reality, we do not know.

 Whatever it was, it is important that the idea was not patented and immediately become the property of understanding in this matter. It actually was born on the first world virtual currency, which is not subject to inflation. Behind it is the future of the financial life of the world.

 We are now difficult to assess how important it is for the life of mankind. An objective assessment of this global phenomenon will come with time, but it is now clear that the practical application of this idea in the future will concern all without exception!

The value of the virtual currency will obviously grow in the coming years. And when you consider that the world financial system is about to embrace a comprehensive crisis caused sulkily to the limit of the credit bubble, the conclusion that may already be present in the autumn there will be an explosion of prices for precious metals, and especially gold, it looks plausible .

In this situation, the paper money, which is determined by the value of the gold price today, will be restated and catastrophic rise in gold prices may reach hundreds or even thousands of dollars per gram! It is clear that if the virtual currency, not subject to inflation, will be the ideal measure for determining the current price of gold.


Today, bitcoin, even under adverse conditions, when the global banking system is trying to destroy it, has achieved a certain stabilization. Its price ranges are not as strong as before, in the beginning of its existence. It is no accident bitcoin is sometimes called the gold exchange.

 I must say that the price of Bitcoin at the start of mining it was not $ 0.1 per coin as usual now writing. The very first bitcoins valued vendors in the 1 cent or even lower. Therefore, the first produced thousands (namaynennyh) coins worth while quite inexpensive.

Yes, almost nobody did not sell and do not buy. At that time it was rather unusual game such advanced programmers - namaynit currently kriptomonet. Everyone did it on your computer yourself! To then compare your wallet purses with their friends programmers who have it better!

Because of the transaction, which means of payment would be bitcoins, rather than the usual paper notes were definitely the exception to the rule. Here is one such story, known more than others.

The most expensive pizza in the history of our days. The most famous of the first purchases for bitcoins took place almost a year after the start of mining bitcoins. American programmer Laszlo Hanich bought in May 2010 pizza for 10,000 bitcoins.

To part with their namaynennymi Bitcoin Hanichu was not sorry. He did not know then what it expected growth of the coins in the near future. He would know - would not be doing this! And then Laszlo was quite pleased with the transaction. Pizza delivery he liked.

In early 2014 the price of Bitcoin has exceeded $ 1200 per coin. The jump in prices occurred due to the overboost demand for bitcoin. This condition could not last long. Compliance with the balance between supply and demand rather quickly led to a sharp decrease in the prices of the same coin. "Soap bubble" burst!

Later, however, after a steady balancing supply and demand, volatility of coins dropped dramatically and today the price hovers around $ 230-250 per coin. Is not it a grand success Bitcoin? Growth rates not less than 3000 times or more!

We do not know whether Hanich Laszlo became a dollar millionaire with time, but these days he could easily get for your bitcoins cast once for pizza, an order of two and a half million dollars. And in the period of maximum take-off price of Bitcoin could easily become a multi-millionaire!

To be continued…

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Hi! This post has a Flesch-Kincaid grade level of 7.5 and reading ease of 71%. This puts the writing level on par with Tom Clancy and F. Scott Fitzgerald.

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