$BTC

#Bitcoin’s Early History (Summary)

Bitcoin emerged from a desire to create decentralized money free from government control.

1. Foundations (1980s–2000s): Cypherpunks like David Chaum and Adam Back introduced ideas like digital cash and proof-of-work, laying the groundwork for Bitcoin.

2. White Paper (2008): On Oct 31, 2008, Satoshi Nakamoto released the Bitcoin white paper, proposing a peer-to-peer digital currency based on blockchain technology.

3. Genesis Block (2009): The first Bitcoin block was mined on Jan 3, 2009, with a message referencing a bank bailout — a nod to Bitcoin's anti-bank ethos.

4. Early Use: The first transaction was on Jan 12, 2009 (10 BTC from Satoshi to Hal Finney). Contributors like Finney and Gavin Andresen helped improve Bitcoin.

5. First Purchase (2010): Laszlo Hanyecz paid 10,000 BTC for two pizzas on May 22, 2010. Bitcoin gained real-world value and exchanges like Mt. Gox launched.

6. Satoshi's Exit: Between 2010–2011, Satoshi faded from public view, leaving the project in others’ hands. His identity remains unknown#LearnAndDiscuss