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Bitcoin has had a tumultuous history, to say the least. A brief history of bitcoin and cryptocurrency. In february 2011, bitcoin's price crossed the $1. Before 2008, no one knew what bitcoin was. Bitcoin's history is largely one of astronomical growth punctuated by a few severe price retrenchments, earle says. The block reward was decreased for the second time in bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The history of bitcoin started with the invention and was implemented by the presumed pseudonymous satoshi nakamoto, who integrated many existing ideas from the cypherpunk community. Now, a single bitcoin is worth over $55,000. They did help pave the way for bitcoin and its realization. Bitcoin has always been mysterious, with questions going as far back as to who created it. The history of bitcoin from a pseudonymous programmer and two famous pizzas to the black market and a fan site for a fantasy card game: It was on january 2009 when version 0.1 of bitcoin was released. Many people wrote off bitcoin when it debuted in early 2009, but 12 years later, cryptocurrency is on a tear, and the world's biggest economies are rushing to play catch up.
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