It may seem difficult to take in, but bitcoin today turns five years of age. On January 3rd, 2009, the block chain was born, thus laying down the cornerstone of the bitcoin protocol as we know it.
As bitcoin really only began to get noticed in 2013 (thanks to massive price peaks in April and then November), some may have reached the conclusion is was something brand-new. But that isn’t the case.
And so it was that the first block of the block chain — also known as the Genesis Block — came to be. Several days later, on the 9th of January, Satoshi Nakamoto released version 0.1 of the bitcoin software. At the time, it was Windows-only, and mining was as easy as hitting the “generate coins” button. With an easy proof-of-work difficulty, a typical computer could generate some coins in a few hours. On typical PC hardware today, you wouldn’t even make your money back on the electricity used.
We can’t help but to wonder if Satoshi Nakamoto ever thought bitcoin would become as large as it is.