12 years ago - first BTC transaction happened

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Hi,

one significant event happened 12 years ago, the first BTC transaction happened between Satoshi Nakamoto and Hal Finney, where Satoshi has sent 10 BTC.

The BTC network was created 9 days earlier on the 3rd of January 2009 and the idea was already somewhere in the space from 2008 at least, when the bitcoin.org domain was registered.

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This event was the proof that the idea and network is feasible and the crypto world was born. All that read this, read this because this event happened and a new financial revolution has started. It did not happen as it is still ongoing. It will take probably again 12 years to reach maturity, but who knows, it might happen sooner.

Even if BTC is not perfect it is the parent and the leader of the crypto revolution. Yes, transaction are possible with it, but it would be more a wealth storage rather then a mean of payment. There have been other cryptos that have evolved from this that can easily be used as payment methods.

As @jrcornel, stated in his post,BTC had a *daily worth increase of 7%. This shows that it is the perfect worth holder or investment for the long run.

Will it hit the million USD mark? Probably, as it is limited and the USD is affected by inflation.
Will it be the king in the next 5 years? Probably yes, as it is dominating the market.

Do you have some BTC? What do you plan with them?

So, happy birthday BTC and thanks for being here!

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Your current Rank (64) in the battle Arena of Holybread has granted you an Upvote of 27%

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Will it hit the million USD mark?

Does it matter? At the point when BTC reaches 1 million it's not even necessary to pair it with any currency anymore. By the speed currencies will devaluate we will give BTC a whole new meaning in a decade or so and a whole new value. It's probably that we will set value in BTC actually.

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We still need to pair it with something as it can't be used for payments. We need something faster, with 0 transaction costs.

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I have some tiny amount I intend to grow over time. I read something from someone which I thought made a lot of sense, he said, rather than sell his bitcoin, he will use it as collateral to obtain loan with and just keep passing it down his family line. I think that's an idea worth emulating.

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Keep it, it might be 100x worth in the next years. I also tend the Satoshis I have to pass on.

This would be a very good use case of BTC to use it as collateral for financing other crypto or some business.

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Thanks for the little history of bitcoin, I did not know these details even if I surfed in those days of its birth through the waters of the internet trying to make some money with PTC sites. A great waste of time.

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