When Bitcoin was first created, what gave it it’s initial value?

Back in 2009 it first created I understand it worth fractions of a penny. My question is how it worth anything at first? Did the creator invest his own money into it? And if so, how much? I do not know much about this subject so I that someone here would be able to help me out and inform me more about it. Thank you.

submitted by /u/NYwarrriorsfan4life
[link] [comments]
Source: CryptoCurrency
When Bitcoin was first created, what gave it it’s initial value?

Related posts

I thought he was going to audit the Fed?

I thought he was going to audit the Fed? submitted by /u/Eronix
[link] [comments]


Source: CryptoCurrency
I thought he was going to audit the Fed?

Related posts

At Binance, there was a $ 1 billion USDT inflow

At Binance, there was a $ 1 billion USDT inflow submitted by /u/btcxlab
[link] [comments]


Source: CryptoCurrency
At Binance, there was a $ 1 billion USDT inflow

Related posts

4 Minute Crypto – Was Benjamin Franklin The Bitcoin Miner Of His Day?

started printing paper money in 1726, making him arguably, the miner of his time.

You can find all episodes of the show by visiting 4minutecrypto.com.

CONTACT INFO

MY SOCIAL MEDIA

GARY’S PODCASTS

YouTube Channel

SUPPORT

USEFUL LINKS

Gary is available to keynote or emcee your Bitcoin/ event. Please email [email protected] for additional info.

DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice.


Source: letstalkbitcoin
4 Minute Crypto – Was Benjamin Franklin The Bitcoin Miner Of His Day?

Related posts

Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed

went from serving customers in Uganda to shuttering its payments app. Here’s what sources say happened.
Source: worldnewsoffice
Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed

Related posts

Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed

went from serving customers in Uganda to shuttering its payments app. Here’s what sources say happened.
Source: coindesk
Wala Was Africa’s Perfect Crypto Success Story – Until It Collapsed

Related posts

This was the NEWS (Week 27) – This Week – Altcoin Buzz

This the ( 27) – This   Altcoin BuzzIn “This was the ” we take a look at the most important of last week. What has happened in the space over the last 7 days? items that …
Source: worldnewsoffice
This was the NEWS (Week 27) – This Week – Altcoin Buzz

Related posts

Before Kraken was an exchange, it was a virtual goods market forum. In 2012 they had a competition for a new logo, prize was 175 BTC. Weird to look back at..

Before Kraken was an exchange, it was a virtual goods market forum. In 2012 they had a competition for a new logo, prize was 175 BTC. Weird to look back at.. submitted by /u/Anything4Bitcoin
[link] [comments]


Source: BTC
Before Kraken was an exchange, it was a virtual goods market forum. In 2012 they had a competition for a new logo, prize was 175 BTC. Weird to look back at..

Related posts

Was Benjamin Franklin The Bitcoin Miner Of His Day?

benjamin franklin the first bitcoin miner

has since inception, had the potential to revolutionize money and the world economy. But haven’t we seen all this ? A new article suggests that   doing the equivalent over 250 years ago.


The First Bitcoin Revolution

Of course, 250 years ago, Bitcoin was still just a twinkle in (Dr) Craig Wright’s ancestor’s eye… Just kidding.

But, the America of 250 years ago was heading for a revolution of its own. One which we can attribute at least in part to the financial impositions of its ruling state.

As a British colony, America bought more goods from Britain than it sold back. This caused a lack of liquidity, so the colonists started to print their own money.

Benjamin Franklin started printing paper money in 1726, making him arguably, the Bitcoin miner of his time. However the American colonists had little gold, and simply by printing more than they could back, the value began to depreciate.

The British stepped in with Currency Acts in 1951 and 1964, to control the creation of new currency in the colonies. However these were unpopular, and a desire for financial sovereignty became one of the drivers for the American Revolution.

Development Of Trust In The System

The key to successful money is trust in the system. People will only accept money if they believe that they will be able to use that money in the future.

The US Dollar would appear to have done very well for itself, having risen to become the defacto world reserve currency. But it is no more backed with anything now than those first colonial paper money experiments were then. A spiralling national debt has meant that worldwide trust in the dollar is declining.

The rise in Bitcoin and cryptocurrency has some in the US government so scared of losing their power that they call to ban it.

Satoshi Nakamoto designed Bitcoin to be a trustless system. We do not need to rely on third parties who control and limit its use.

Of course, the general public still needs to understand and trust that this system requires none. As that continues to happen perhaps the writing will be on the wall for the dollar as a world reserve currency.

Would Benjamin Franklin have liked Bitcoin? certainly believed in financial sovereignty for the fledgling nation of the American colony. is no reason to believe that wouldn’t extend that dream of financial sovereignty to the individual.

Do you think Benjamin Franklin was the first person to achieve financial sovereignty, as an ‘erstwhile Bitcoin miner’? Comment below!


Image via Shutterstock

The post Was Benjamin Franklin The Bitcoin Miner Of His Day? appeared first on Bitcoinist.com.


Source: bitcoinist
Was Benjamin Franklin The Bitcoin Miner Of His Day?

Related posts

Ripple[XRP] was this year’s yucky investment, whereas Binance Coin[BNB] was declared the best

The price of has gone up by an insignificant 12.4% as early on at the beginning of January, its price stood at $0.35. This is paltry in comparison to which has scaled higher than 420% gains in the market.

The present ranking on Binance is #7 on coinmarketcap. Binance, headed by Changpeng Zhao is the leading cryptocurrency exchange in the world. At present, the price of BNB rests at $33.30 after fluctuating in between the red and green zones. A slight drop of 0.68% noted.

The trading volume recorded in the course of the past 24-hours is $272.571 million. The total market cap for Binance is $4.701 billion. The circulating supply has 141,175,490 BNB tokens in play. Many businesses have adopted BNB as a mode of payment during this year. The tremendous gains were a clear-cut victory for Changpeng, his team and the investors.

If you wish to purchase Binance Coin and participate in trading yourself, here’s an alert posted by Zhao on Twitter:

Ripple has had many partnerships during this year. In fact, amongst the top altcoins, Ripple probably had more publicized deals than any other cryptocurrency. Even Justin Sun’s TRON couldn’t come close to the amount of traction Ripple has generated in the financial world as numerous banks and MoneyGram have chosen the path of .

Litecoin was up by 301% from its initial value, and the halving event for the miners will take place in August. has recorded a price surge of 189%, while Cash has had a boost of 165% since January 1st.

Bitcoin SV, which is headed by Craig Wright who claims to be Satoshi Nakamoto, has also notably swelled by more than 125%. Cardano was a bigger winner than TRON, with an improved ratio of 100%, whereas TRON fell short of 70.


Source: cryptoassethome
Ripple[XRP] was this year’s yucky investment, whereas Binance Coin[BNB] was declared the best

Related posts