The first bitcoin transaction (BTC) took place on January 12, 2009, when Satoshi Nakamoto, the pseudonym inventor of the flagship cryptocurrency, sent 50 BTC to the cryptographic activist Hal Finney.
The Finnish programmer sells 5,050 BTC for $ 5,02
The historical transaction between Satoshi and the late Finney was registered in block number 170 on the Bitcoin register and the cost to process the transaction was 0 BTC. In the early days of Bitcoin, there were many other transactions with processing fees that were negligible or paid for free.
About ten months after the first BTC transaction, Martti Malmi, a developer based in Finland, has sold 5,050 BTC for only $ 5.02 (October 12, 2009). This was in particular the first crypto known to sell fiat, and was completed by transferring the fiat amount through PayPal.
In 2009 and 2010, the only way to acquire bitcoins was to eradicate them and the mining reward at that time was 50 BTCs. On May 22, 2010, 10,000.99 BTCs were transferred from Laszlo Hanyecz, a computer programmer based in Florida, to a bitcoin address belonging to Papa John's in exchange for 2 pizzas.
Mt. Gox Exchange CEO transfers 442,000 BTC
This famous pizza operation was recorded in block 57043 on the Bitcoin public register. The 0.9 BTC had been added to the total amount of the transaction in order to pay the miner's tax, which was much higher at the time.
On June 23, 2011, Mark Karpeles, CEO of the now-defunct cryptocurrency exchange, Mt. Gox sent a total of 442,000 BTC to two different addresses via a single transaction. This was the biggest bitcoin transfer at the time, until 550,000 BTCs were sent in November 2011.
In 2013, a Redditor accidentally entered a very high transaction fee, as noted: "Hi, I entered a transaction fee that was too high … is there anyway the possibility to interrupt the transaction by confirmation? " Cryptographic transfer only involved the BTC 98 move, however, the incomes paid 30 BTC in transaction fees.
False homicide involving Bitcoin (BTC)
Fortunately, the pool of miners who had regulated the transaction was kind enough to repay 7.5 BTC (of the total of 30 BTC) to the user of reddit. In August 2013, 200 BTCs were sent by mistake as a transaction fee, but the amount was also repaid by the mining pool that received it.
In particular, a fake murder involving a large BTC transfer occurred on March 31, 2013, when the Silk Road user Dread Pirate Roberts (DPR) transferred 1,607 bitcoins to a user called "redandwhite". The amount received from redandwhite was in exchange for tracing and making a success on a Silk Road operator who had extorted the users on the now deceased underground market.
However, the blow never happened – and it became clear that the blackmailer and the killer were actually the same person. But the BTC 1.607 transaction (valued at around $ 150,000 at that time) took place and in particular received 322,639 confirmations.