6 of The Most Entertaining Moments In Cryptocurrency History
Cryptocurrency is now a decade old. Cryptocurrencies were rolled out as an alternative currency to fiat. The main aim of cryptocurrency was to enable transfers and exchanges independently with no third parties as intermediaries Quantum Code
There were numerous historic moments in the journey of the 13 years of cryptocurrency. There were moments of peaks and then steep declines, but still, after dealing with numerous good and bad experiences, cryptocurrency stands strong today. Now the worldwide acceptance of cryptocurrency has proven that there is no end now.
The Most Interesting Moments From The History of Bitcoin
In the history of the lifespan of 13 years of crypto, the world of crypto has seen astonishing key flash moments. These moments have particularly formed the narrative of how crypto is now perceived today.
This section of the article highlights some memorable moments in the world of cryptocurrency. Let’s check them out below-
- Bitcoin Genesis block
- First retail Bitcoin transaction
- HOLD meme
- Dogecoin parody
- Mt. God hack
- BitConnect Carlos
- Bitcoin sign guy
- John McAfee’s dicey bet
- Cryptoqueen and one coin
- Launch of Ethereum, the silver cryptocurrency
1. Bitcoin Genesis block
Bitcoin is the world’s largest cryptocurrency, with the potential of touching the mark of $10,00,000 soon in the future. Bitcoin shares a market capitalization of $1.3 trillion. On 31 October 2008, the pseudonym personality with the name of Satoshi Nakamoto launched the white paper on Bitcoin with the title of ‘Bitcoin: A Peer-to-Peer Electronic Cash system.’
2. First retail Bitcoin transaction
Pizza is the most delicious and comforting food existing on earth. The man named Laszlo Hanyeckz created the cheesiest memory in the history of crypto. On May 22, 2010, Laszlo Hanyeckz made the transaction of 10,000 Bitcoins, making the first ever usef of BItcoins. At that time, 10,000 Bitcoins were just worth forty bucks. And today, the worth of the same 10,000 Bitcoin is $375 million. The first retail Bitcoin transaction was delivered to Papa John’s Pizza.
3. HODL meme
The world of crypto is happening and adventurous. Trillions are flowing in the international market of crypto, but still, there is room for memes and humor. If you have been reading or are just involved in crypto, then you surely are aware of the HODL meme. Do you wish to know the story? It started in 013 when a man named Gamekyubbi posted a post on Twitter saying ‘I’m holdings instead of ‘I’m holding.’ And because of the famous HODL, the meme came into existence.
4. Dogecoin parody
The Internet has been flooding with thousands of memes since 2013. Another meme and the moment in the iconic history of crypto involves the Dogecoin parody.
Dogecoin again is the cryptocurrency and is built on the same mining networks as Ethereum, the second largest cryptocurrency. It has the logo of small Shiba Inus as their logo. The Dogecoin was formed as a meme, not as a serious currency. Somehow, Dogecoin still is in the market and has a market capitalization of $60 million
5. Mt. Gox hack
The largest scandal in the history of Bitcoin is the Mt. Gox hack. Mt. Gox was the leading exchange platform handling 70% of the Bitcoins transactions in their golden period of 2010-2014. They have been facing security concerns for a while, but suddenly Mt Gox paused all the transactions.
6. Bitconnect Carlos
The crypto industry has registered notorious and nefarious scams in history, where millions and billions were stolen. BitConnect Carlos, BCC made the most astonishing claim in early 2017 by guaranteeing major profits and a promise of 1%ROI in a day.
Within the quick span, BCC was able to generate $ 3 billion and became the major platform or company to initiate transactions and, at the same time, became a huge company for crypto investments. In 2018, the whole network of BitConnect Carlos came down crashing to the ground and lost $3 billion within a small span.
Conclusion
S were the most incredible moments of the crypto history of 13 years. To know more about crypto, you can check out websites.
