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The Bitcoin Origins (9) - 2017

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
The Bitcoin Origins (13) - 2021


Jimmy Song - Why The Bitcoin Dominance Index Is Deceiving

Man throw away 1,500 BTC
Campbell Simpson throw away harddisk containing 1,500 BTC five years ago. It will be probably lost forever.

Bulgarian Government has sized more than 213,519 bitcoins
"The Bulgarian authorities have searched more than 100 addresses, suspects and vehicles. A large quantity of money was seized, as well as equipment, devices for communication, computers, tablets, bank documents, etc. 23 suspects were arrested, 5 of them acting as Bulgarian Customs officers. As result of this criminal activity the damages recorded by the Customs Agency, only for year 2015, is around 10 million Leva. It was determined that the members of the organized crime group invested the money obtained from these illegal activities in bitcoins, around 200,000 being discovered in the virtual space. As a reference, the value of one bitcoin is rating to 2354 USD. The offenders choose the bitcoin way of investing/saving the money, because it is rather difficult to be tracked and followed."

Buy Bitcoin
"Buy Bitcoin" sign
Man (#BitcoinSignGuy) held up a "Buy Bitcoin" sign during Fed chair Janet Yellen's testimony before the House Financial Services Committee.
He received more than 7 BTC in donations:
(Image via CoinDesk)

Bitcoin Cash
Bitcoin Cash hard fork
Starting with block 478,558 new altcoin has been created which had 8MB block size.
(Image via

Blockstream Satellite
Blockstream Satellite
Blockstream company announced Blockstream Satellite, that broadcasts real-time bitcoin blockchain data from Space. It brought bitcoin to places, where the Internet connection is not available.
(Image via

Segregated Witness (SegWit)
Segregated Witness (SegWit) soft fork activated
SegWit is soft fork bitcoin update, which allows up to 4 megabytes data in block if only SegWit transaction was used.
Fixed malleability bug, which enabled future layer two improvement - Lightning Network.
Block 481,824:
(Image via Medium - Understanding Segwit and the Bitcoin Scaling Debate)

The Economics Of Bitcoin And Why It’s A Long Term Asset
YouTube - The Economics Of Bitcoin And Why It’s A Long Term Asset
Simon Dixon is talking why Bitcoin is important for everyone to hodl bitcoin.
(Image via YouTube - Crush The Street)

Peter Saddington with Lamborghini
Lamborghini for $115
Peter Saddington bought $200,000 2015 Lamborghini Huracan for 45 BTC. He bought more than 1000 bitcoins in November 2011 for $2.52 each.
(Image via

Erik Finman - Teenage Bitcoin Millionaire
YouTube - I'm A Teenage Bitcoin Millionaire
18-year old Erik Finman bought bitcoin at 12 years old at $10-$12 a coin. He was able to buy 400+ BTC with $1,000 extra money from his grandmother.
(Image via YouTube - BuzzFeed News)

John's McAfee Dick bet
Tweet: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."
Website measuring the bet:

Rusty Russell - The Three Economic Eras of Bitcoin
Rusty is writing about three bitcoin phases:
First Era: Satoshi’s Free Offer (2009–2014) - bitcoin was almost invaluable and transactions was almost free
Second Era: Satoshi’s Subsidy (We Are Here) - starting capacity issues
Third Era: Self Sufficiency (2028? onwards)

Roger Ver's tweet made Andreas Antonopolous millionaire
Tweet: "Andreas is one of the most eloquent speakers on the topic of Bitcoin, but if he had invested even $300 in bitcoin back in 2012, he’d be a millionaire today."
After that tweet Andreas received many bitcoins from his fans.

NiceHash hacked
Stolen 4,736 BTC.
Hacker address:

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Next part: The Bitcoin Origins (10) - 2018

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