Fah Thai March 2014 - page 93

JANUARY 2009
Bitcoin is launched by
Satoshi Nakamoto, an
individual who is thought
to be operating under a
pseudonym.
MAY 2010
A man in
Florida trades 10,000
bitcoins (then worth
US$43) for a pizza. At
the time of writing, that
pizza would be worth
US$9,190,000.
APRIL 2013
Investors
Tyler and Cameron
Winklevoss (of Facebook
legal-wrangle fame) amass
1% of all bitcoins.
JULY 2013
Thailand
becomes the first
government to ban the
digital-only currency
(Taiwan follows suit in
January this year).
ALSO IN JULY 2013
Newlyweds Austin and
Beccy Craig begin their
100-day experiment of
living using only bitcoins.
OCTOBER 2013
Online
drugs marketplace Silk
Road (then responsible
for a reported half of all
bitcoin transactions) is
shut down.
NOVEMBER 2013
Interest
from Chinese investors
pushes bitcoin’s value
above US$1,000/coin for
the first time.
DECEMBER 2013
China
bans its banks from
dealing in bitcoin. The
currency’s value halves
in the following weeks,
only to top US$1,000/
coin again by the start of
this year.
A brief
history of
bitcoin
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