The history of Bitcoin

With the help of many nice tools you can find out where which Bitcoins were created or transferred. One of these tools is called OXT.

Every Bitcoin has its own history

Fresh Bitcoins are Coins that have just been mined and never been used for a transaction. There is no history for these coins yet, but they can be used just as Bitcoins that have been in circulation for years. They are so-called “clean bitcoins“.

Nevertheless, the idea that there are “clean” and “dirty” bitcoins is totally absurd. Bitcoins are data and everything else is a matter of interpretation for each individual. There is also no special market for clean Bitcoins and therefore this factor is also irrelevant for the upcoming Bitcoin halving.

Should there be a market for “clean” bitcoins, the price for these bitcoins should actually double. Also in the future there will very probably be no special market for fresh Bitcoins, since the only advantage lies in the fact that there is no history of these Coins yet.

Speculative boost

Halving could have a big influence on how Bitcoin will be perceived in the future. Bitcoin halving and the associated shortage of coins could lead to many speculators.

Anyone who uses Bitcoin as an investment will have great interest in halving. Here only the principle of supply and demand should be mentioned…. or not; Bitcoin stock exchanges are not yet rational.

It is reasonable to assume that this or other subsequent events could have an impact on the perception and thus also an impact on the price of Bitcoin. Some people will begin to understand that the upcoming halving is just one of many and that now is the right time to get in before the price per Bitcoin may continue to rise due to a further shortage.

It all depends on how each one of us uses and perceives Bitcoin.

But one thing we can say for sure; Bitcoin is an extremely stable system which is unchangeable. People are slowly beginning to realise that they can rely on Bitcoin and that Bitcoin cannot be changed by a public opinion, a handful of people with clever ideas or the wishes of individuals for specific purposes.

Bitcoin, the “C” of money
The demand for international standards has existed for centuries. It is almost impossible to trade if every country or institution makes use of a different standard.

For this reason, the standard for a “meter” was set in 1875. Today a “meter” is a fixed unit of measurement for a fixed size all over the world. Whether in China, the USA or Europe, a meter is a meter. According to the definition, light takes exactly 1/299 792 458 seconds for one meter. That’s 1 billion kilometers per hour. Bitcoin is like the meter, a global standard that is as unchangeable as the forces of nature; like the speed of light, “C”.

The meter can be used for many other calculations. What is important is that the meter is an international standard that cannot be changed by anything in the world. Neither can Bitcoin.

Once people understand the idea and influence of a standard that depends on mathematics rather than government, the perception of money will change – forever.

This has far-reaching implications for all economic processes and every human being on earth.

By the time the 21 million BTC mark is reached, the figure will be around 5,286,750.

Compared to the products and services worldwide, this is a comparatively small house number. One must consider however that Bitcoin can be divided into millions small individual parts. Bitcoin is certainly the most undervalued and worldwide freely available system, service, database, asset, network or token.

It will be exciting to see what effect halving will have on Bitcoin’s perception.

Save the Date – Bitcoin Block-Halving 09.07.2016