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Bitcoin Story

On 18 August 2008, the domain name bitcoin.org was registered. Later that year on 31 October, a link to a paper authored by "Satoshi Nakamoto" titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust". In January 2009, the bitcoin network came into existence with the release of the first open source bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the genesis block), which had a reward of 50 bitcoins. Satoshi is unknown to this point in time.

Read the original 9-page paper

What people are saying

""I looked at retirement and wondered what I was going to do for income. My retirement fund was not going to suffice. I heard about Bitcoin but was skepitcal. Not knowing where to buy it, who would guide me, I reached out to Schwab and Etrade where I head may accounts. There I discovered you didn't need to hold Bitcoin, but could buy into a fund call: GBTC (Bitcoin Investment Trust). I immediately put some of my retirement fund in it and glad I did! In less than a year I made 20x my money and can trade the account to earn income to live the retirement I dreamed of.".""

- John, 67 Retired.

""All my friends were talking about Bitcoin and other Cryptocurrencies. I would ask myself, what do I know about Bitcoin, I sell Avocado products. I thought, without taking a little bit of a risk I would never know. With some guideance, I opened a trading account with CoinBase. It was so simply after you go through the basic verifcation process. I decided I would take the risk with $25,000 and if I could make 5x my money I would sell it and buy the Red Ferrari of my dreams. In less than 4 months my account said $125,000 and I sold, bought the Ferrari and am so happy that I took the risk. I still own some of the major currencies (I bought more), since I see Cryptocurrency as something that is here to stay!".""

- Robert, 47 Business owner.

""Not being super technical I started reading about Bitcoin and how it is produced. And how computers need to solve equations to create Bitcoin. I thought to myself, how do I get into making bitcoin. Well, it's called Mining. I put $4,000 into mining of Bitcoin and within 8 months I made 100x on my money. Being an avid snowboarder, I decided that this season I would be on the mountain and get in 100 days of boarding. In between runs I can check the mining accounts and see how they are producing. I love Bitcoin and now will be learning about mining of other Cryptocurrencies. Of course just after the snow season, I still need to get a few dozen more days in!"""

- Sam, 22 Student