Episode notes
Brief History of Bitcoin Bitcoin came about from a whitepaper released in 2008: Bitcoin, A Peer-to-Peer Electronic Cash System. It was just nine pages and outlined a process for passing digital funds from one user to another using blockchain encryption to protect the system from the creation of 'extra' money. The first Bitcoin mined in January 2009, and the first transaction was conducted soon after when the founders exchanged some funds directly. Later that year the New Liberty Standard established the value of Bitcoin at 1309.03 bitcoins for 1 dollar. The first real-world transaction followed in May 2010, when a Florida programmer sent 10,000BTC to a volunteer in England, who then spent about $25 to order him a pizza from Papa John’s. Today that pizza is valued at almost 2 million pounds and th ...
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