Bitcoin is 13 years old today, the anniversary of the genesis block. It's an angsty teenager now, I suppose, which actually kind of fits.
The US dollar in its current fiat form is 50 years old, born in 1971.
Bitcoin is now more than 1/4th as old as the current US dollar.
The US dollar in its current fiat form is 50 years old, born in 1971.
Bitcoin is now more than 1/4th as old as the current US dollar.
Next year, Bitcoin will become half as old as "the Internet" as we know it. It seems to have some staying power, having lasted as long as it did thus far:
https://twitter.com/coryklippsten/status/1475997159816249346
The foundations of the Internet were made in the 1970s and 1980s, the consumer browser was invented in the early 1990s, proof-of-work was invented in the 1990s, and SHA-2 encryption was published in 2001. Bitcoin itself was published in 2008 and released in 2009.
So in some ways, digital scarcity in the form of a distributed peer-to-peer ledger and consensus ruleset was an inevitable discovery.
However, the first successful implementation was unique in terms of its specific parameters, and thus is an invention.
However, the first successful implementation was unique in terms of its specific parameters, and thus is an invention.
Some bitcoin owners celebrate the network's anniversary with "Proof of Keys Day", where they take personal custody of the coins they own from exchanges.
Kind of like physical cash or gold, one of the attributes of Bitcoin is that an owner can take personal custody of it.
Kind of like physical cash or gold, one of the attributes of Bitcoin is that an owner can take personal custody of it.
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