Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers – Bitcoin Magazine

Happy Birthday Bitcoin! Here’s a Look at Bitcoin’s 11th Year by the Numbers – Bitcoin Magazine

11 years ago, Bitcoin was etched into history with the mining of the Genesis Block. Here’s a data-driven look at how it has grown since last year.

11 years ago, Bitcoin was etched into history with the mining of the Genesis Block. Here’s a data-driven look at how it has grown since last year.

On January 3, 2009, the pseudonymous developer(s) Satoshi Nakamoto bootstrapped the Bitcoin network by mining its first ever block, block 0. The Genesis Block, as it has become known, came etched with a message that would invariably position Bitcoin as an alternative monetary system to rival the realm of central banking: “Chancellor on brink of second bailout for banks,” the memo read, in reference to a headline about the U.K. government’s actions during the global recession of 2008 and 2009.

The rest, as you no doubt know, is history. Eleven years on and Bitcoin has harnessed the fervor of a community that was inspired by the philosophical tenets embedded in the Genesis Block message. Bitcoin’s meteoric success in the past decade defied the expectations of believers and skeptics alike, and with a thriving market that has
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