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The first transaction on the bitcoin network took place on January 12, 2009. Since then, many interesting transactions have been made, the history of which has been preserved in the cryptocurrency blockchain.
On January 12, 2009, the first transaction was made on the bitcoin network. Cryptocurrency creator Satoshi Nakamoto transferred 50 BTC to cryptographer Hal Finney. In addition to the fact that this transaction was the first in the history of bitcoin, it had another distinctive feature – zero fees. We will tell you what other unusual transactions took place in the network of the first cryptocurrency.
The first exchange of bitcoins for fiat
The first known transaction in which bitcoins were exchanged for fiat money is the transaction of the Finnish developer Marty Malmi dated October 12, 2009. He exchanged 5.05 thousand BTC for $ 5. The developer received Fiat through the PayPal payment system.
As of January 12, 2022, the cost of 5.05 thousand BTC is $ 215 million.In early November last year, when bitcoin updated its historical maximum above $ 69 thousand, the price of 5.05 thousand BTC was $ 348 million.
Legendary pizza for bitcoins
In May 2010, a programmer from the United States, Laszlo Hanich, bought two pizzas, paying for the purchase of 10 thousand BTC. Another 0.99 BTC was the transaction fee. At the time of purchase, the cost of the cryptocurrency was estimated at about $ 25. As of January 12, 2022, 10 thousand BTC is valued at $ 426 million.
Large commission
Sometimes situations arise in the bitcoin network when the commission for a transaction can significantly exceed the transfer amount. One of the most famous such cases occurred in April 2016. Then an unknown user made a transaction to transfer 0.0001 BTC, but the commission for the transaction was 291 BTC. At that time, the commission cost the user $ 125 thousand.Considering the current exchange rate as of January 12, 2022, the cost of 291 BTC is $ 12.3 million.
Early mega transaction
In the early years of bitcoin’s existence, there was a tendency among large cryptocurrency holders to conduct small transactions in order to prove wallet ownership and ownership of funds. In 2011, the head of the Mt. Gox Mark Karpeles decided to demonstrate his condition differently. He made a transfer of 442 thousand BTC. At the time of the transaction, the value of 442 thousand BTC was about $ 4.4 million.On January 12, 2022, they are estimated at $ 18.8 billion.
This transaction immediately became the largest in the history of the first cryptocurrency. However, in November of the same year, an unknown user made a transfer of 550 thousand BTC ($ 5.5 million at the time of the transaction). On January 12, 2022, the cost of 550 thousand BTC is $ 23.4 billion.
Buying bitcoins from the US authorities
In July 2014, the US Marshals Service held an auction for the sale of 30 thousand BTC, seized as a result of the closure of the SilkRoad darknet marketplace. The auction was divided into 10 stages, but one person won all of them – Tim Draper, who received all the bitcoins. Then he paid about $ 18 million for them.As of January 12, 2022, the cost of these bitcoins is $ 1.2 billion (investment growth by 9900%).
Tesla for bitcoins
In December 2013, a California car dealer sold an unknown Tesla Model S electric car for 91.4 BTC ($ 104 thousand at the time of purchase). The transaction was made through the BitPay payment system, which allows the buyer to pay with cryptocurrency, and the seller to receive payment in fiat money. On January 12, 2022, the cost of 91.4 BTC is $ 3.8 million.
In March last year (almost 8 years after the deal), Tesla added the ability to buy electric vehicles with Bitcoin. However, already in May of the same year, the automaker temporarily disabled this option due to the non-environmental friendliness of cryptocurrency mining.
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