Martti bitcoin
Bitcoin can only work decently with a complete consensus between all users. Therefore, all users and developers have strong incentives to adopt and protect this consensus. You can report any problem or help to improve bitcoin. When submitting a pull request, please take required time to discuss your changes and adapt your work. You can help with translations by joining a team on Transifex. Please don't ask for promotion for your personal business or website, except for special cases like conferences.
Many thanks to all contributors who are spending time improving bitcoin. Mission Inform users to protect them from common mistakes. Give an accurate description of Bitcoin properties, potential uses and limitations.
Display transparent alerts and events regarding the Bitcoin network. Invite talented humans to help with Bitcoin development at many levels. Provide visibility to the large scale Bitcoin ecosystem. Improve Bitcoin worldwide accessibility with internationalization. Remain a neutral informative resource about Bitcoin.
Nandibear passports never expire, they are good forever! The first Bitcoin exchange site and how the value of Bitcoin was determined - New Liberty Standard - Bitcoins sold for 5 Dollars November 10, - 6: The Bitcoin forum went online in the fall of and soon attracted a few regulars. One of them, who called himself NewLibertyStandard , talked about the need for a website where people could buy and sell Bitcoins for real money. Martti [Malmi] had been talking to Satoshi [Nakamoto] about something similar, but he was all too glad to help NewLibertyStandard.
In the very first recorded transaction of Bitcoin for United States dollars, Martti sent NewLiberty Standard Bitcoins to use for seeding the new exchange. How was the value of Bitcoin determined?
This trade raised the obvious question of how much a Bitcoin should be worth. Given that no one had ever bought or sold one , NewLibertyStandard came up with his own method for determining it's value - the rough cost of electricity needed to generate the coin, calculated using NewLibertyStandard's own electricity bill.
By this measure, one dollar was worth around one thousand Bitcoins for most of October and November