David Chaum - digital cash in 1981 Satoshi Nakamoto - Oct 2008, bitcoin.org was registered in Aug 2008 Genesis block was mined in Jan 2009 First BTC payment - Feb 2010 First online exchange - July 2010, the price went up 10x by then First GPU miner - Aug 2010 First mining pool - Sep 2010, Satoshi disappeared at this point Silk road launched - Jan 2011 First BTC conference - Nov 2011 Bitcoin community was split between Bitcoin core and Bitcoin XT. 1 Bitcoin = 108 Satoshi ~ 227 Satoshi => 252 Satoshi units to trade Mining reward schedule has a deflationary impact on Bitcoin creation Tinkerbell effect - Everyone believes in something because everyone else does as well