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DIG DEEPER: More on Bitcoin $BTC
What is Bitcoin?
๐Ÿ’กBitcoin $BTC was invented by someone with the screen name Satoshi Nakamoto. Some believe it was invented by an individual, and some believe the name refers to a collective of programmers. Some more out-there theories propose it refers to a time-traveling alien or a secret government organization. The documents, quite like what youโ€™re reading up on now, were released in 2008, and the coin was launched in 2009.
On the 12th of January, 2009, a little over a week after the documents were released, Satoshi Nakamoto sent 10 bitcoin to Hal Finney, the world of finance changed forever, even if only a handful understood the weight of it.
At that point, bitcoin wasnโ€™t worth much. It was randomly given for comments in forums. Over a year later, in May of 2010, two pizzas were purchased, cementing the very first real-world bitcoin transaction, for the price of 10,000 Bitcoin. Today, thatโ€™s roughly two pizzas for 378 Million US Dollars. I sure hope those pizzas were delicious. Since then, Bitcoin has revolutionized the world of finance.
Bitcoin was originally created to take the red tape out of digital financial transactions.
Bitcoin is sometimes referred to as Digital Gold, and for good reason. To learn more about what Bitcoin is and what it means in the world of โ€realโ€, traditional money, check out this Michael Saylor Interview.
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