The History of the Bitcoin

November 26, 2011 in Daily Bulletin


Bitcoins are a desirable currency for many of the web’s denizens, bitcoin’s anonymity being reflective of the internet itself. However, there has been less support for bitcoins recently after several incidents affected the bitcoin community. Wired tells the entire story of bitcoin so far; from its beginning as just an idea proposed in a paper, to its meteoric rise and fall. Some takeaways from the article are:

– Bitcoins peaked at 1 bitcoin being worth $29.57

– Shortly after, bitcoin went through a few crises which greatly devalued the digital currency

– No one knows the true identity of the inventor of bitcoins

For more of their very interesting article you can head here.

Source: Wired