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The Bitcoin Origins (3) - 2011

Other parts of series:
The Bitcoin Origins (0) - Pre-bitcoin
The Bitcoin Origins (1) - The beginning to 2009
The Bitcoin Origins (2) - 2010
The Bitcoin Origins (3) - 2011
The Bitcoin Origins (4) - 2012
The Bitcoin Origins (5) - 2013
The Bitcoin Origins (6) - 2014
The Bitcoin Origins (7) - 2015
The Bitcoin Origins (8) - 2016
The Bitcoin Origins (9) - 2017
The Bitcoin Origins (10) - 2018
The Bitcoin Origins (11) - 2019
The Bitcoin Origins (12) - 2020


32 BTC for holding sign on street
32 BTC for holding sign on street
Random guy on street received 32 BTC for dressing up in a crazy outfit and holding a sign.
Article contained his bitcoin address.
He received additional 96 BTC.
(Image via - bitcoinblogger)

February 2011
Silk Road started
Online anonymous marketplace using bitcoin and TOR.
The Underground Website Where You Can Buy Any Drug Imaginable
(Image via Silk Road)

Bitcoin dollar parity
Bitcoin reached exchange parity with US dollar (1 USD = 1 BTC)

Car for Sale - Australia
First car offered for 3,000 BTC.

Mt. Gox is changing owners
Mt. Gox changed owner from Jed McCaleb to Mark Karpeles.

What is Bitcoin?
YouTube - What is Bitcoin?
One of the first video which explains what is bitcoin.
(Image via YouTube - WeUseCoins)

Satoshi's last message
"I've moved on to other things. It's in good hands with Gavin and everyone."

Tweet - darknes23 (@darknes23)
"Just sold 100 #bitcoins for $220 cash. I tripled my investment. Buyer was happy: 100 BTC are worth $260 right now. #BTC economy is real."

Tweet - Greg Schoen
Tweet - Greg Schoen (@GregSchoen)
"I wish I had kept my 1,700 BTC @ $0.06 instead of selling them at $0.30, now that they're $8.00! #bitcoin"
(Image via @GregSchoen)

First mention of Bitcoin in Keiser Report
Price of bitcoin was around $6 or $7.

Akasaka Real Estate
For sale: beach condo near Tokyo
User akasakarealestate selling beach condo near Tokyo for 3,500 BTC.

I just got hacked - any help is welcome! (25,000 BTC stolen)
Stolen 25,000 BTC from hacked PC.

Tweet - WikiLeaks (@wikileaks)
"WikiLeaks now accepts anonymous Bitcoin donations on 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v"
WikiLeaks received more than 4,043 BTC to address:

Deterministic wallets
Concept of deterministic wallets and derivation path was introduced. This enabled creating HD (Hierarchical Deterministic) wallets, which remembered only seed words instead of having growing number random private keys stored in encrypted file on computer.

259,684.77 BTC for 2,622.82 USD
BitcoinTalk user Kevin was able to buy 259,684.77 BTC (each for 0.0101 USD) during bitcoin price crash on Mt. Gox. Price started at 17.50 USD and crashed to 0.0101 USD. Total price was about 2,622.82 USD. User was able to transfer 643.27 BTC to his personal wallet, until Mt. Gox transfer limit was reached.
Another flashcrash video:

Bitcoin Eater address destroyed first bitcoins
On this date 1BitcoinEaterAddressDontSendf59kuE address received first transaction. Bitcoins sent to this address are "destroyed", because no one knows private key for this address. Current balance is over 13 BTC.
This address was probably first mentioned here:

Mt. Gox liquidity transaction
By this transaction Mt. Gox CEO Mark Karpeles sent 442,000 BTC from one address to another to prove Mt. Gox liquidity.
It was sent 424,242.42424242 BTC to one address, how is prowen by leaked IRC logs.

Tweet - Thomas Randolph
Tweet - Thomas Randolph (@rockerest)
"Well, Bitcoin has stabilized at almost exactly $14/coin. I'm tired of waiting for a jump, so I'm taking the loss and getting my cash back"
(Image via @rockerest)

2011-07-26 17,000 lost bitcoins
During system restart was wiped bitcoin wallet from Amazon service without backup. It was lost 17,000 BTC.

Casascius started selling physical bitcoin coins with loaded bitcoins. The most popular denomination was 1 BTC, but it was also created 0.1, 0.5, 5, 10, 25, 1000 BTC and for bars 100, 500 and 1000 BTC.
Introduced here:
Private key in minikey format is hidden under hologram.
Could be tracked here:
and here:
Casascius is vulnerable to physical attack:
(Image via Casascius)

The biggest bitcoin transaction
500,000 BTC and 50,000 BTC belonging to Mt. Gox has been send.

Benjamin Wallace - The Rise and Fall of Bitcoin
Benjamin Wallace - The Rise and Fall of Bitcoin
Article explaining the beginning of Bitcoin rise to $29.57 and fall to less than $5 for one bitcoin. Author of article is writing that name Satoshi Nakamoto might be a sly portmanteau of four tech companies: SAmsung, TOSHIba, NAKAmichi, and MOTOrola
(Image via

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