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CRYPTO BLOG
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Bitcoin (BTC)
The Origin
In October 2008, during the global financial crisis, a person (or group) under the pseudonym Satoshi Nakamoto published a whitepaper titled:
"Bitcoin: A Peer-to-Peer Electronic Cash System"
On January 3, 2009, the first block of the blockchain was mined: the genesis block, which included a message:
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
A direct critique of the traditional financial system.
Early Technological Steps
- Bitcoin introduces blockchain as a public, decentralized ledger.
- Uses Proof of Work (PoW) as decentralized consensus.
- First transaction: 10 BTC from Satoshi to Hal Finney.
Early Stage and Growth (2010–2013)
The Famous Pizza
In 2010, the first real purchase was made with Bitcoin: 2 pizzas for 10,000 BTC.
This marked the beginning of BTC's economic value, and the first exchanges like Mt. Gox appeared.
Challenges and Controversies
- Bitcoin was used in dark markets like Silk Road, damaging its reputation.
- The first clones appear: Litecoin, Namecoin...
- The concept of cryptocurrency is born.
Popularization and Expansion (2013–2017)
Financial and Media Boom
- BTC surpasses 1,000 USD in 2013.
- Public debates on its legitimacy.
- First regulations in China, India, etc.
Social Impact
- Bitcoin becomes a symbol of financial freedom and decentralization.
- Debates about the nature of money and value.
Technology and Forks (2017–2020)
Hard Forks and Scalability
- In 2017, Bitcoin Cash is created due to scalability disputes.
- SegWit is implemented, laying the foundation for future improvements.
Lightning Network
A solution for fast and cheap micropayments. Still in development, but with great scaling potential.
Institutional and Governmental Adoption (2020–2023)
Wall Street Enters the Scene
- Companies like Tesla and MicroStrategy buy BTC.
- BTC starts to be considered digital gold and a hedge against inflation.
🇸🇻 El Salvador
In 2021, it becomes the first country to adopt Bitcoin as legal tender.
Regulation
- The EU, US, and other countries begin regulating Bitcoin.
- Bitcoin: Threat or economic innovation?
Bitcoin Today (2024-2025)
More Mature Technology
- Bitcoin remains the most secure and decentralized blockchain.
- Lightning Network is widely used for fast payments.
- Bitcoin Ordinals and new layers revive technical interest.
Social and Philosophical Impact
- In countries with high inflation (Argentina, Venezuela...), it is a real alternative.
- Bitcoin reinforces the idea of state-free and uncensored money.
Bitcoin Beyond Money
- Financial Privacy
- Digital Rights
- Individual Sovereignty
Global Communities
A vibrant culture with conferences, memes, podcasts, and a community living by the motto:
“Be your own bank”
*This website has an educational or informational purpose about cryptocurrencies and does not recommend any type of investment.
