Certain aspects of Bitcoin 
$105,248 remain undisputed. For example, January 3, 2009, is widely recognized as Bitcoin’s official birthday. This date marks the day when Bitcoin’s blockchain first became operational.
Bitcoin’s Birthday
Bitcoin’s official birthday began with the “genesis block,” initiated by Satoshi Nakamoto on January 3, 2009. This block created 50 new Bitcoins, which, due to protocol rules, are unspendable by Satoshi Nakamoto. This event laid the groundwork for Bitcoin’s existence as a digital currency.
The terminology surrounding Bitcoin also sparks debates. For instance, the use of “bits” as a smaller unit is preferred over “sats.” One hundred sats is equivalent to one bit, resembling the relationship between 100 cents and one dollar in USD. Additionally, owning a whole Bitcoin signifies being a “millionaire” in Bitcoin terms, which means possessing one million bits.
Satoshi Nakamoto and the Genesis Block
Satoshi Nakamoto, the creator of Bitcoin, laid out the foundational principles in a white paper published on October 31, 2008. However, the date considered Bitcoin’s birthday is January 3, 2009.
The acceptance of January 3 as Bitcoin’s birthday is rooted in the activation of its blockchain on that date. This date has been embraced by the Bitcoin community, which celebrates it annually. The creation of the first block solidified Bitcoin’s status as a tangible digital currency, marking the day the technical document known as the White Paper was released.
Adopting January 3 as Bitcoin’s birthday enables the community to commemorate and recognize this date officially. It represents a significant day that symbolizes Bitcoin’s long-term existence and is enthusiastically celebrated by all Bitcoin users.
Accurate acknowledgment of Bitcoin’s birthday and terminology reinforces community unity while aiding new users in understanding this digital currency better. Such clarifications facilitate broader acceptance of Bitcoin among diverse audiences.
