The first transaction in the Bitcoin network took place on January 12, 2009. Since then, many interesting transactions have been made, the history of which has been preserved in the cryptocurrency blockchain.
On January 12, 2009, the first transaction was made in the bitcoin network . Cryptocurrency creator Satoshi Nakamoto transferred 50 BTC to cryptographer Hal Finney.
Besides the fact that this transaction was the first in the history of bitcoin, it had another distinguishing feature – zero commission. We tell you what other unusual transactions took place in the network of the first cryptocurrency.
First bitcoin to fiat exchange
The first known transaction in which bitcoins were exchanged for fiat money is the transaction of the Finnish developer Marty Malmi dated October 12, 2009. He exchanged 5.05 thousand BTC for $5. The developer received fiat through the PayPal payment system.
As of January 12, 2022, the value of 5.05 thousand BTC is $215 million. In early November last year, when Bitcoin hit an all-time high above $69 thousand, the price of 5.05 thousand BTC was $348 million.
Legendary pizza for bitcoin
In May 2010, US programmer Laszlo Hanich bought two pizzas for 10,000 BTC. Another 0.99 BTC was the transaction fee. At the time of purchase, the value of the cryptocurrency was estimated at about $25. As of January 12, 2022, 10,000 BTC is valued at $426 million.
Large commission
In April 2016, an unknown user made a transaction to transfer 0.0001 BTC, with a transaction fee of 291 BTC ($125,000), with an average fee of 0.01 BTC at that time.
Taking into account the current exchange rate as of January 12, 2022, the cost of 291 BTC is $12.3 million. The Dutch mining pool BitClub Network received the money. The reason for such an unusual transaction may have been the human factor – the user could confuse the fields in the bitcoin client with the amount to be transferred and the selective commission for the transaction.
Early Mega Transaction
In the early years of bitcoin, there was a trend among large cryptocurrency holders to conduct small transactions in order to prove ownership of the wallet and ownership of funds.
In 2011, the head of the Mt. Gox Mark Karpeles decided to demonstrate his condition differently. He transferred 442 thousand BTC. At the time of the transaction, the value of 442 thousand BTC was about $4.4 million. On January 12, 2022, they are valued at $18.8 billion.
This transaction immediately became the largest in the history of the existence of the first cryptocurrency. However, already in November of the same year, an unknown user transferred 550 thousand BTC ($5.5 million at the time of the transaction). On January 12, 2022, the value of 550 thousand BTC is $23.4 billion.
Buying bitcoin from US authorities
In July 2014, the US Marshals Service held an auction for the sale of 30,000 BTC seized as a result of the closure of the SilkRoad darknet marketplace.
The auction was divided into 10 stages, but they were all won by one person – Tim Draper, who received all the bitcoin. Then he paid about $18 million for them. As of January 12, 2022, the value of these bitcoin is $1.2 billion (a 9900% increase in investments).
Tesla for bitcoin
In December 2013, a California auto dealer sold a Tesla Model S to an unknown person for 91.4 BTC ($104,000 at the time of purchase).
The transaction was made through the BitPay payment system, which allows the buyer to pay with cryptocurrency, and the seller to receive payment in fiat money. On January 12, 2022, the value of 91.4 BTC is $3.8 million.
In March last year (almost 8 years after the deal), Tesla added the ability to buy electric cars with bitcoin. However, already in May of the same year, the automaker temporarily disabled this feature due to the non-environmental nature of cryptocurrency mining.
