🪙 The History of Bitcoin: The Journey of Digital Gold (Satoshi Edition)
“Don’t trust — verify.”
The story of how math, philosophy, and rebellion created the rarest form of money in human history.
① The Genesis — Satoshi Appears (2008–2011)
Amid the 2008 financial crisis, a mysterious figure named Satoshi Nakamoto published a paper:
“Bitcoin: A Peer-to-Peer Electronic Cash System.”
A currency beyond banks or governments.
He worked silently for 3 years, then vanished — like smoke.
② The Birth — Genesis Block (2009-01-03)
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
The first Bitcoin block contained this protest.
Reward: 50 BTC.
A revolution began.
③ The First Transaction — Trust in Code
Satoshi → Hal Finney, 10 BTC.
“Running bitcoin.” — Hal Finney
Finney ran the first node.
He later denied being Satoshi, even on his deathbed:
“I’m not Satoshi. Bitcoin is my legacy.”
④ Who Was Satoshi?
Was it one man—or a team?
Some believe it was a Cypherpunk collective: a group of coders, economists, and cryptographers.
Others point to individuals:
🧩 Nick Szabo — creator of Bit Gold (and Elon Musk said, “Satoshi is probably Nick Szabo.”)
💻 Hal Finney — first recipient, same writing style, but always denied it.
🕵️ Dorian Nakamoto — lived near Finney; rumor says neighbors, not co-founders.
🧠 Craig Wright — “Faketoshi.” Enough said.
⑤ Pizza Day — 10,000 BTC for Two Pizzas 🍕
May 22, 2010 — Laszlo Hanyecz buys two pizzas for 10,000 BTC.
“They were delicious. No regrets.”
Now worth $8 billion+.
Every May 22nd: ₿ Pizza Day.
⑥ Mt. Gox Collapse — and the Irony of Profit
2014: Japan’s Mt. Gox lost 850,000 BTC.
Bitcoin crashed to $200.
Years later, victims were repaid — at today’s prices.
Some even made a profit.
The wildest twist in Bitcoin history.
⑦ Scarcity by Design — The Halving Rhythm
Halving Date Reward Era
1st 2012-11-29 50→25 Early Surge
2nd 2016-07-10 25→12.5 $20k Peak
3rd 2020-05-12 12.5→6.25 Institutional
4th 2024-04-20 6.25→3.125 ETF Era
📌 U.S. ETF Approved: Jan 10, 2024
Each halving makes Bitcoin rarer than gold.
⑧ Lost Forever — The Vanished Bitcoins
Out of 21M BTC, 2.3–3.7M BTC are gone forever.
Lost keys, dead hard drives, forgotten wallets.
Satoshi’s 1.1M BTC untouched
James Howells’ 7,500 BTC in a landfill
Thousands of lost private keys
💡 Only ~17M BTC actually exist in circulation.
Not everyone can own one full Bitcoin.
⑨ Institutions Rise — Strategy (MicroStrategy)
2020: Michael Saylor goes all in.
“The dollar rusts. Bitcoin does not.”
Now holds 640,250 BTC (~3% of total).
Institutions made Bitcoin mainstream.
⑩ Miners — The Beating Heart of Bitcoin
Reward = New BTC + Fees
Less reward, higher cost → natural evolution.
💬 “Bitcoin must rise — or evolve.”
The network survives as long as miners do.
⑪ The Last 1 Million — The Next 100 Years
Mined: 19.94M BTC
Remaining: 1.06M BTC
Final block: Year 2140
Then, miners earn fees only.
⑫ Key Moments & Oddities
🛰️ 2017: Bitcoin beamed via satellite (Blockstream)
🌋 2021: El Salvador mines with volcano energy
🎨 2012: Colored Coins → NFTs born
⚖️ 2017: WannaCry ransomware demanded BTC
👶 2013: “Bitcoin Baby” born via BTC donations
⑬ The Price Timeline
Year High Event
2011 $31 First Bubble
2013 $1,163 Media Frenzy
2017 $19,783 Retail Mania
2021 $68,789 Institutions
2024 $73,835 ETF Boom
2025 >$100,000 New All-Time High
🔚 The Philosophy
“Bitcoin will either rise forever — or stop entirely.”
As long as miners keep running, Bitcoin lives.
“It’s not immortal — but it may be the only money that refuses to die.” ⚡️
