On July 17, 2010, two trading parties matched for the first time on the Mt. Gox Bitcoin exchange when 20 bitcoin changed hands for just under a dollar. The exact price of that first trade was $0.04951 per whole bitcoin.
Bitcoin went from relatively unknown to a mass media phenomenon in less than 10 years. Inspired by Bitcoin, thousands of developers are now working on various types of cryptocurrencies, millions of people are discussing their significance and governments are starting to take them seriously.
Jamess Lop collected the all time Twitter annals here:
Ben Kaufman dives deeper into the definitions of hard money, and why Bitcoin is a good example of it. He discusses:
What is hard money?
A (Very) Brief History of Hard Money.
Bitcoin as Hard Money.
Bitcoin’s Soft Spot.
Read his article here: