Bitcoin’s History Begins on the Blockchain, Here’s 8 Notable BTC Transactions for the Ages
There is nothing special about any BTC transactions. There are over 300,000 such transactions daily. However, occasionally, a transaction occurs on the BTC network and becomes one for the history books. Here are the top eight such transactions.
First Transaction For BTC
This was the first transaction that involved sending BTC between two addresses. It is the only transaction known to have been made by Satoshi. On January 2009, Satoshi sent 50 BTC to Hal Finney. The transaction occurred on block 170. At the time, the cost of this transaction was 0 BTC.
First Bitcoin-Fiat Sale
This first sale of BTC for fiat is known to have taken place on October 12, 2009, when Martti Malmi sold 5,050 BTC for just $5.02. The fiat was sent through PayPal. The BTC sent is collaborated by the fact that to acquire BTC at the time, one had to mine it.
That Pizza Purchase
One of the most famous follies in the BTC world occurred on May 22, 2010, when Laszlo Hanyecz bought a pizza for 10,000 BTC. The transaction is recorded in block 57043. He sent 10,000.99. The 0.99 BTC on top was for the miner’s fee.
Mt. Gox Transaction
When a whale wants to show they own a given address, they will send just a few satoshis using it. However, the CEO of Mt. Gox had a different idea. When he was asked to prove ownership, he moved a huge amount of BTC from one address to another to show how huge he was.
On June 23, 2011, 442K BTC were sent to two addresses in one transaction, this included sending 424K BTC to one of the addresses. This remained the largest BTC amount ever sent until the record was broken in November of the same year.
Huge Transaction Fee
In 2013, a Redditor was in distress and he wondered whether he could stop the confirmation of a transaction that had charged a fee of too many BTC. Help came too late since the transaction for 98 BTC had gone through and he was charged 30 BTC. Eventually, the mining pool, which confirmed the transaction, gave him back 7.5 BTC as a consolation.
BTC Fake Murder
On March 31, 2013, Dread Pirate Roberts, the operator for Silk Road sent 1,607 BTC to redandwhite for a hit on a person extorting the marketplace. However, the hit never took place since it was likely that redandwhite was the blackmailer and the assassin. However, the transaction went through.
US Marshals Silk Road Auction
On July 21, 2014, about 30,000 BTC went to a winning bidder in an auction by US Marshals that were selling off assets they took from the Silk Road. The auction was in ten blocks but one person was lucky enough to win all the blocks. Tim Draper turned out to be the bidder and the investment of about $18 million turned out to be a good one.
One of the most famous transactions resulting from a hack was when 20,000 BTC were taken from Bitstamp in 2015. This also includes the 3,100 BTC transaction which started the hack.