Cakes, Songs and Jokes: How the World Celebrates Bitcoin
Most likely, you've read these three sentences a dozen times today:
"On October 31st 2008, Bitcoin’s mysterious founder Satoshi Nakamoto published a nine-page long academic style paper called “Bitcoin: A Peer-to-Peer Electronic Cash System.” The paper turned out to be the founding text for the cryptocurrency. In early 2009, the first Bitcoin transaction would be carried out."
Also, you might have heard that the first transactions were carried out in private, so no one really knows much about them, but the first trade is believed to have been between Nakamoto and developer Hal Finney. The cryptocurrency first garnered mainstream attention in May 2010, when developer Laszlo Hanyecz bought two pizzas for 10,000 bitcoins.
Since late 2013, Bitcoin has been often in the eye of the public due to several hyperinflation incidents. However, it wasn’t hyperinflation that rocked the world of the cryptocurrency: in 2014, one of the first-ever exchanges, Mt. Gox, collapsed after a severe hack in which USD 500 million of bitcoin, and a further USD 30 million of cash deposits were stolen.
The coin started picking up pace again in 2017. In a matter of months, its price increased from around USD 1,000 to almost USD 20,000. However, Bitcoin continued to decline during early 2018, before eventually stabilizing at around USD 7,000 per coin. It has remained in the USD 6,000 to USD 7,000 range since June, and the volatility that characterized the market in 2017 and early 2018 has seemingly all but evaporated.
Now, let's see how the cryptoverse is celebrating the tenth birthday of the Bitcoin whitepaper: Cryptonews.com has made a collection of tweets, reactions and commentary from all over the internet.
This may not be the real Satoshi (but who knows, really?), but the sentiment is great.
To all my followers,— Satoshi Nakamoto (@Bitcoin_org_) 31 October 2018
Thanks for the bitcoin birthday wishes and your dedication and devotion. Bitcoin has surpassed my expectations this is thanks to all contributers no matter how small or large. Long live #Bitcoin 👑
Today I am like a proud father #SatoshiNakamoto@bicoin.org pic.twitter.com/CoiPif45lJ
Well, that’s probably expected at this point.
talking points for the journalists at like, teen vogue, that will write this piece:— nic "bring back favs" carter (@nic__carter) October 22, 2018
- satoshi's vision perverted through high fees
- exchange hacks
- "capture" by wall st
- mining centralization
- boiling the oceans
- bitcoin not counterculture any more
Beijing got a new Lightning Network node just in time to celebrate Bitcoin’s first decade!
What bear market? We are 10 years into something that everyone told us wouldn't work. Happy birthday Bitcoin! We'll continue supporting Bitcoin with our new #LightningNetwork node :) Thanks to @officialpoolin for hosting - hope your hashpower grows as strong as your beer! pic.twitter.com/9NxD1g1ga2— Beijing Bitcoin Meetup (@BeijingMeetup) 29 October 2018
Always stay vigilant for Faketoshis.
10 years ago Satoshi published the Bitcoin whitepaper.— WhalePanda (@WhalePanda) 31 October 2018
Now we're all Satoshi.... except for Craig Wright. pic.twitter.com/mf5Dd7IxwU
Bloomberg’s TicToc shows in an original way how far Bitcoin has come.
Another congratulatory post, but this one has a cupcake.
Happy birthday Bitcoin!— Alistair Milne (@alistairmilne) 31 October 2018
10 years since Satoshi selflessly and anonymously gave Bitcoin to all of us.
Thank you for changing our lives! pic.twitter.com/Ep89hZrQNv
And if you’re looking for a cute birthday card, this one’s got your back.
Happy 10th Birthday Bitcoin ~ Celebrating 10 Years of the Bitcoin White Paper. pic.twitter.com/8pAQVyOyS3— shakarock (@areball72) 31 October 2018
eToro also offers a look into how Bitcoin has changed through the past decade.
Also, the trading platform invited people to sing in front of the Bitcoin Birthday ATM in London:
Of course, what would Bitcoin’s birthday be like without a meme or two?
Happy Birthday Bitcoin! 10 years old today! pic.twitter.com/iFKHzQHRTK— TheFog (@TheFogSurrounds) 31 October 2018
Binance offers their own congratulations.
Celebrating 10 years since the white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” was published by Satoshi Nakamoto. Learn more about #Bitcoin and read the original paper here: https://t.co/uROQJzy0LI pic.twitter.com/t7Qy9u8LJz— Binance (@binance) 31 October 2018
Here, you can also read the email thread that started it all.
The email thread started 10 years ago by Satoshi's introducing Bitcoin to his fellow cypherpunks is mind-blowing.— Francis Pouliot (@francispouliot_) 31 October 2018
Fixed supply (gold standard), off-chain scaling discussed within 10 days. Surreal foresight.
The whitepaper was just the beginning: https://t.co/jfE9NAcEJ0 pic.twitter.com/YeuZ9UUzMh
And here’s some fan art!
Also, here’s an estimate of how long it should take Bitcoin to reach mass adoption if it follows other mainstream technologies.
How long will it take for Bitcoin to go 'mainstream'?— LongHash (@longhashdata) 30 October 2018
Credit cards, electricity, and the dishwasher could provide some estimates.
Here's to the next 10 years of Bitcoin 🍻 pic.twitter.com/n91pPNn0JS
And a special surprise for anyone holding bitcoins.
What it’s going to look like very soon.
10 years ago #OnThisDay Satoshi Nakamoto published the paper “Bitcoin: A Peer-to-Peer Electronic Cash System” that led to the birth of the cryptocurrency and this great exchange on the show @CondorATT pic.twitter.com/4rahvTpMhL— The Econormist (@theeconormist) 31 October 2018
For the data junkies out there, here’s something for you.
After 10 years of #crypto, we’ve seen more than 3,000 #cryptocurrencies in all, which includes about 1,000 dead currencies. We have 226 crypto exchanges and more than 600 crypto-related funds, with more than $7 billion assets under management. #cryptos #ada #xrp #BTC #bitcoin— Weiss Ratings (@WeissRatings) 30 October 2018
Which one would you rather own?
US Dollar :— Holochain_Whale (@Holochain_Whale) 25 October 2018
From $1 to $.05 In 100 Years.$Btc
From $1 to $20,000 In 10 Years.
Most Americans Still :
Give me that paper one I can hold it in my hand, Its real. 👀
Besides CNBC told me Bitcoin crashed 🤷♂️🤣 pic.twitter.com/lhP4AfbBpH
Too many of us are in his shoes.
Even BCH congratulates BTC! Or it's not the case?
Happy birthday Bitcoin‼️😊✨🎁— Akane Yokoo (@YokooAkane) October 31, 2018
With organizers of Tokyo BCH meetup😊 pic.twitter.com/7ki89X8PA7
And, since it’s Halloween after all, here’s a scare for you all.