Today in Bitcoin History

@BoG89097447 Looks like I may not be talking about him until August...

@daily_btc_lore Friedcat. 🙀

Today in Bitcoin History — May 2013 (exact date unknown) Butterfly Labs Ramps Up Shipping When Butterfly Labs finally started shipping their long-delayed ASICs, many units arrived with dusty fans and signs of heavy prior use. 🧵👇

@BoG89097447 The history of that meme, sir, was covered below. 🤪

@daily_btc_lore 2 more weeks™

Today in Bitcoin History — May 20, 2011 Open Source FPGA Bitcoin Miner Released Most Bitcoin mining timelines jump from GPU to ASIC. They skip the 20-month era when cutting edge mining hardware ran on reprogrammable silicon, not fixed chips. Brief thread... 🧵👇

6/6 - ASICs sadly ended the FPGA era but @skot9000 has revived the idea of small scale mining w/ the Bitaxe — a fully open-source solo miner for individual participants. Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡

5/6 - The codebase is archived at the Bitcoin Wiki: en.bitcoin.it/wiki/Open_Sour…. The era it opened lasted about 20 months. Avalon shipped the first commercial Bitcoin ASICs in January 2013, and FPGA mining became unviable almost immediately.

If you are digging my history threads please like, comment on, or consider quote-tweeting things you find interesting! This can go a long way in helping others find this account. 🙂 - Your Humble Bitcoin History Monger

8/8 - 'Digital Gold' became the default on-ramp for anyone entering Bitcoin seriously: investors, journalists, policymakers. It's still in print eleven years later. Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡

7/8 - The critique from technical corners: Popper wrote about people, not protocol. The book explains Bitcoin through the humans who built it. @aantonop and others recommended it widely as the best account of those early years.

Today in Bitcoin History — May 19, 2015 'Digital Gold' Published @nathanielpopper spent two years embedded with Bitcoiners and published their history at the exact moment Bitcoin looked most dead. The community response was complicated. Brief thread... 🧵👇

11/11 - Voorhees went on to found ShapeShift. SatoshiDice faded during the 2017 fee spike, when a single transaction could cost more than the minimum 0.01 BTC bet itself. Have a favorite Bitcoin history moment? Help me make sure it's in my list and drop it below 👇🧡

10/11 - Voorhees had sold SatoshiDice shares on the Global Bitcoin Stock Exchange at launch. The SEC later charged him with unregistered securities. He settled in June 2014, paying ~$50,000 in disgorgement, one of Bitcoin's first major regulatory enforcement actions.

Today in Bitcoin History — May 19, 2012 Erik Voorhees Launches SatoshiDice No accounts, no signups, just send Bitcoin to an address. Within months, it accounted for more than half of the transactions on the network. Brief thread... 🧵👇