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LearnBitcoin

History

What happened, and who did it.

Bitcoin's history from the record: the bugs, the forks, the fights and the failures. Every entry below is told in full elsewhere on this site, and names the source it was checked against.

Timeline

61 dated events from 2008 to 2026. Each one links to the page of ours that tells it and to the source its date was checked against.

  1. 2008

    1. Satoshi announces the Bitcoin whitepaper

      Satoshi Nakamoto announces a paper describing "a new electronic cash system that's fully peer-to-peer, with no trusted third party". From Whitepaper. Source: Cryptography Mailing List.

  2. 2009

    1. Genesis block starts the chain at 50 BTC per block

      Block 0, the genesis block, is dated January 3, 2009, and the block subsidy starts at 50 BTC. From Halvings. Source: Bitcoin Core source code.

    2. Bitcoin 0.1.0 is released

      Satoshi announces the first release of Bitcoin on the Cryptography Mailing List. From The Time Warp. Source: Cryptography Mailing List.

    3. Satoshi sends the first Bitcoin transaction to Hal Finney

      Hal Finney receives the first Bitcoin transaction, ten coins from Satoshi, in block 170. From Bitcoin Units. Source: mempool.space, block 170.

  3. 2010

    1. Satoshi adds the one-megabyte block size limit Source: Bitcoin source code, commit

    2. Value overflow bug creates 184 billion BTC

      Block 74,638 created 184 billion BTC against a 21 million cap. A patch was out within five hours. From The Inflation Bug Postmortem. Source: Bitcoin forum, archive copy.

    3. The patched chain overtakes the bad one Source: Satoshi Nakamoto, Bitcoin forum

    4. First 'Bitcoin is dead' obituary is published Source: The Underground Economist, archive copy

  4. 2011

    1. Silk Road opens, accepting only bitcoin Source: US Department of Justice, archive copy

    2. WikiLeaks announces it accepts Bitcoin donations Source: WikiLeaks on X

    3. Compromised Mt. Gox account crashes the price to pennies Source: Ars Technica

    4. Amir Taaki writes BIP-1 Source: BIP-1

  5. 2012

    1. BIP-32 proposes HD wallets: one seed, every future key Source: BIP-32

    2. First halving cuts the subsidy to 25 BTC

      At block 210,000 the block subsidy dropped from 50 to 25 BTC. From Halvings. Source: mempool.space, block 210,000.

  6. 2013

    1. First ASIC miners ship to customers Source: Bitcoin Magazine

    2. Block 225,430 splits the chain between 0.7 and 0.8 nodes

      A software upgrade split Bitcoin into two chains at block 225,430. It was back together 7 hours 41 minutes later. From The 2013 Chain Fork. Source: bitcoin.org, 2013 archive copy.

    3. bitcoin.org warns all Android wallets are open to theft Source: bitcoin.org, 2013 archive copy

    4. 'A Fistful of Bitcoins' shows how coins can be traced Source: Meiklejohn et al., IMC 2013

    5. Federal agents seize Silk Road Source: US Senate hearing record

    6. China's central bank bars banks from handling bitcoin Source: People's Bank of China

  7. 2014

    1. Mt. Gox halts withdrawals Source: Mt. Gox press release, archive copy

    2. Mt. Gox files for bankruptcy protection; 850,000 BTC missing

      Mt. Gox applies for bankruptcy protection in Tokyo with about 850,000 BTC missing, about 750,000 of them customers' coins. From Mt. Gox to FTX. Source: Mt. Gox announcement.

    3. GHash.io briefly holds 51 percent of mining power Source: The Guardian

  8. 2015

    1. Miners build on an invalid block during BIP-66 soft fork Source: Gregory Maxwell, bitcoin-dev

    2. Bitcoin XT is released with its bigger-blocks patch Source: Mike Hearn, bitcoin-dev

    3. CFTC holds that bitcoin is a commodity Source: CFTC

  9. 2016

    1. Bitfinex loses 119,754 BTC to theft Source: US Department of Justice, archive copy

    2. Mike Hearn declares the Bitcoin experiment failed Source: Mike Hearn, archive copy

    3. Hong Kong roundtable ends in a SegWit-for-2 MB deal Source: Bitcoin Roundtable statement, archive copy

    4. Second halving cuts the subsidy to 12.5 BTC Source: mempool.space, block 420,000

  10. 2017

    1. BIP-148 sets a user-activated flag day for SegWit Source: BIP-148

    2. The New York Agreement is signed Source: Digital Currency Group, archive copy

    3. Bitcoin Cash forks off with bigger blocks

      A faction that wanted bigger blocks forked off onto its own chain, Bitcoin Cash. Its first block was 1.9 MB. From The Block Size War. Source: Bitcoin Cash block 478,559.

    4. SegWit activates at block 481,824

      SegWit locked in on August 9 and went live at block 481,824 on August 24. From The Block Size War. Source: mempool.space, block 481,824.

    5. China bans token sales and bars token trading platforms Source: People's Bank of China

    6. SegWit2x hard fork is called off Source: SegWit2x mailing list, archive copy

    7. Bitcoin futures begin trading at CME and Cboe Source: CFTC testimony

  11. 2018

    1. Gregory Maxwell's post proposes Taproot Source: Gregory Maxwell, bitcoin-dev

    2. First Lightning mainnet beta, lnd 0.4, is released Source: Lightning Labs

    3. Inflation bug CVE-2018-17144 is reported and patched Source: Bitcoin Core

    4. QuadrigaCX's chief dies; the exchange fails two months later Source: Ontario Securities Commission

  12. 2019

    1. Pieter Wuille posts the Taproot and Tapscript drafts Source: Pieter Wuille, bitcoin-dev

  13. 2020

    1. Third halving cuts the subsidy to 6.25 BTC Source: mempool.space, block 630,000

  14. 2021

    1. China calls for a crackdown on Bitcoin mining Source: State Council of China

    2. Taproot locks in under Speedy Trial Source: mempool.space, block 687,284

    3. Difficulty falls 27.94 percent, the largest cut on record Source: mempool.space, difficulty data

    4. Taproot activates at block 709,632

      Block 709,632 arrived at 05:15 UTC, mined by F2Pool, and Taproot's rules were live. From How Taproot Actually Works. Source: mempool.space, block 709,632.

  15. 2022

    1. US seizes about 94,000 BTC from the Bitfinex hack Source: US Department of Justice, archive copy

    2. Celsius freezes all customer withdrawals Source: US Department of Justice, archive copy

    3. FTX files for bankruptcy

      FTX, Alameda and about 100 related companies filed for bankruptcy. The customer shortfall was about $8 billion. From Mt. Gox to FTX. Source: SEC complaint.

    4. The first inscription stores data in a Taproot spend Source: ordinals.com, archive copy

  16. 2023

    1. Sam Bankman-Fried is convicted Source: US Attorney, SDNY, archive copy

  17. 2024

    1. SEC approves US spot bitcoin ETFs

      The SEC approved US spot bitcoin ETFs, three months before the fourth halving. From Halvings. Source: SEC.

    2. UK court rejects Craig Wright's claim to be Satoshi Source: High Court judgment

    3. Fourth halving cuts the subsidy to 3.125 BTC Source: mempool.space, block 840,000

    4. US charges the founders of Samourai Wallet Source: US Attorney, SDNY, archive copy

  18. 2025

    1. US executive order creates a Strategic Bitcoin Reserve Source: Federal Register

  19. 2026

    1. The 20 millionth bitcoin is issued Source: mempool.space, block 939,999

    2. Weak COLDCARD Mk2 and Mk3 seeds are drained Source: Bitcoin Optech

    3. Newer Bitcoin Knots nodes stop following the main chain Source: bitcoin/bips pull request 2245

The history rabbit holes

5 long reads on what happened and what changed after.

As it was written

The bitcoin-dev mailing list, year by year: what developers were arguing about while it happened. 24,715 messages in all. Every Bitcoin Core release and every person who posted has a page too.