Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 2/10 - The biggest feature: a JSON-RPC interface and headless daemon mode.
Before v0.3, Bitcoin was a desktop app you opened and closed. After v0.3, it could run as a persistent server, controllable by code over a network port. Satoshi had built an API.
https://bitcointalk.org/index.php?topic=238.0
R to @daily_btc_lore: 2/10 - The biggest feature: a JSON-RPC interface and headless daemon mode.
Before v0.3, Bitcoin was a desktop app you opened and closed. After v0.3, it could run as a persistent server, controllable by code over a network port. Satoshi had built an API.
https://bitcointalk.org/index.php?topic=238.0
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 3/10 - That daemon is why Bitcoin could be integrated into anything. Every early exchange, every payment processor, every automated service ran on that interface.
Mt. Gox ran on it. BitInstant ran on it. When Bitcoin became infrastructure, this is how.
R to @daily_btc_lore: 3/10 - That daemon is why Bitcoin could be integrated into anything. Every early exchange, every payment processor, every automated service ran on that interface.
Mt. Gox ran on it. BitInstant ran on it. When Bitcoin became infrastructure, this is how.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 4/10 - v0.3 also shipped 20% faster hashing and a hashmeter - real-time hashrate display. GPU mining was just emerging in July 2010.
Miners had no feedback on how fast their hardware ran. The hashmeter fixed that. For anyone mining seriously, knowing your number mattered.
R to @daily_btc_lore: 4/10 - v0.3 also shipped 20% faster hashing and a hashmeter - real-time hashrate display. GPU mining was just emerging in July 2010.
Miners had no feedback on how fast their hardware ran. The hashmeter fixed that. For anyone mining seriously, knowing your number mattered.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 5/10 - Transaction filter tabs let you view received and sent separately instead of one long list.
This sounds minor. It isn't. People were accumulating enough history that they needed to organize it. The UI matured because the use was maturing. The toy was becoming a tool.
R to @daily_btc_lore: 5/10 - Transaction filter tabs let you view received and sent separately instead of one long list.
This sounds minor. It isn't. People were accumulating enough history that they needed to organize it. The UI matured because the use was maturing. The toy was becoming a tool.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 6/10 - v0.3 also shipped German, Dutch, and Italian translations from community members.
These weren't people who arrived in the wave that followed; they found Bitcoin independently, in continental Europe, and cared enough to translate the entire application.
R to @daily_btc_lore: 6/10 - v0.3 also shipped German, Dutch, and Italian translations from community members.
These weren't people who arrived in the wave that followed; they found Bitcoin independently, in continental Europe, and cared enough to translate the entire application.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 7/10 - The Mac build came from Laszlo Hanyecz - who paid 10,000 BTC for pizza six weeks earlier.
Bitcoin now ran on Windows, Linux, and Mac. For the first time, a shipped feature was written by someone other than Satoshi. v0.3 was Bitcoin's first community-built release.
R to @daily_btc_lore: 7/10 - The Mac build came from Laszlo Hanyecz - who paid 10,000 BTC for pizza six weeks earlier.
Bitcoin now ran on Windows, Linux, and Mac. For the first time, a shipped feature was written by someone other than Satoshi. v0.3 was Bitcoin's first community-built release.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 8/10 - Martti Malmi and forum regulars saw the opportunity. They organized a campaign to submit v0.3 to Slashdot - then one of the most powerful tech amplifiers on the internet.
On July 11, it hit the front page. Bitcoin's first coordinated media push.
R to @daily_btc_lore: 8/10 - Martti Malmi and forum regulars saw the opportunity. They organized a campaign to submit v0.3 to Slashdot - then one of the most powerful tech amplifiers on the internet.
On July 11, it hit the front page. Bitcoin's first coordinated media push.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 9/10 - The Slashdot effect hit immediately. Downloads jumped from ~3,000 in June to 20,000+ in July. Price went from $0.008 to $0.08 in five days - the first tenfold surge.
Eleven days after v0.3, Jed McCaleb registered Mt. Gox. The infrastructure era had begun.
R to @daily_btc_lore: 9/10 - The Slashdot effect hit immediately. Downloads jumped from ~3,000 in June to 20,000+ in July. Price went from $0.008 to $0.08 in five days - the first tenfold surge.
Eleven days after v0.3, Jed McCaleb registered Mt. Gox. The infrastructure era had begun.
Today in Bitcoin History / @daily_btc_lore:
R to @daily_btc_lore: 10/10 - The JSON-RPC daemon outlasted Satoshi, Jed McCaleb, and Mt. Gox itself. A version of the same interface still runs in every Bitcoin node today.
Six features. One release. Bitcoin went from experiment to platform on July 6, 2010.
R to @daily_btc_lore: 10/10 - The JSON-RPC daemon outlasted Satoshi, Jed McCaleb, and Mt. Gox itself. A version of the same interface still runs in every Bitcoin node today.
Six features. One release. Bitcoin went from experiment to platform on July 6, 2010.
Bitcoin News / @BitcoinNewsCom:
STRATEGY BITCOIN SALE REALIZES A $55 MILLION LOSS
Michael Saylor’s Strategy sold 3,588 BTC between June 29 and July 5 at an average price of $60,197.
Based on the company’s average acquisition cost of roughly $75,500 per BTC, the sale locked in an estimated $55 million realized loss.
The transactions reduced Strategy’s holdings from 847,363 BTC to 843,775 BTC.
Despite selling at a loss, Strategy’s average cost basis fell slightly from about $75,578 to $75,476 per BTC, reflecting the remov...
STRATEGY BITCOIN SALE REALIZES A $55 MILLION LOSS
Michael Saylor’s Strategy sold 3,588 BTC between June 29 and July 5 at an average price of $60,197.
Based on the company’s average acquisition cost of roughly $75,500 per BTC, the sale locked in an estimated $55 million realized loss.
The transactions reduced Strategy’s holdings from 847,363 BTC to 843,775 BTC.
Despite selling at a loss, Strategy’s average cost basis fell slightly from about $75,578 to $75,476 per BTC, reflecting the remov...
Bitcoin News / @BitcoinNewsCom:
WSJ: STRATEGY’S BITCOIN MODEL FACES ‘MATH TRAP’ AS mNAV PREMIUM EVAPORATES
Per the Wall Street Journal, Michael Saylor’s Strategy is facing a self-inflicted “math trap” after its key valuation metric, mNAV, briefly fell below 1.0, signaling the market was valuing the company at less than the value of its Bitcoin holdings.
The report argues Strategy’s Bitcoin acquisition strategy depended on trading at a premium so it could issue stock to buy more BTC.
It also claims mNAV overstates enterp...
WSJ: STRATEGY’S BITCOIN MODEL FACES ‘MATH TRAP’ AS mNAV PREMIUM EVAPORATES
Per the Wall Street Journal, Michael Saylor’s Strategy is facing a self-inflicted “math trap” after its key valuation metric, mNAV, briefly fell below 1.0, signaling the market was valuing the company at less than the value of its Bitcoin holdings.
The report argues Strategy’s Bitcoin acquisition strategy depended on trading at a premium so it could issue stock to buy more BTC.
It also claims mNAV overstates enterp...