6 Bitcoin Transactions That Changed the World

Few phenomena have attracted attention to the degree Bitcoin’s rise has. Over the years, trillions of dollars have been transacted by everyone from Elon Musk to Ashton Kutcher. Among all the hype, a few transactions have stood out especially notable.

 

Unlike pre-bitcoin historically famous transactions, the blockchain allows us to see everything. We can see the wallet a transaction was sent from and where it was sent to. We’re even able to see how those coins were spent up until the present day. This is very unique and makes famous bitcoin transactions worth taking a second look at. We’ve ranked the top 6+ most notable:

 

  1. Wanna Cry – While not the first crypto-ransomware attack, WannaCry was certainly the biggest.  Despite extorting a measly $140,000, this attack is estimated to have cost billions in business interruptions and remediation.
  2. Dread Pirate Roberts Seizure – In 2013 Ross Ulbricht, the alleged operator of the Silk Road was arrested for money laundering and computer hacking. His website was shut down by a joint effort involving the Department of Justice, Federal Bureau of Investigation, Drug Enforcement Agency, Treasury Department, and Homeland Security. The US Marshall Service held 4 auctions selling 144,000 bitcoin in hundreds of blocks. No one knows where all of these bitcoin ended up, but we know many ended up at Gemini and Binance from various press reports that have come out over the years.
  3. Mt Gox Hack  – In 2011, 25,000 bitcoins from 478 addresses representing 25,000 accounts were transferred to address 1KPTdMb6p7H3YCwsyFqrEmKGmsHqe1Q3jg which subsequently begin trending on twitter. This was the first indication of a hack which would take place weeks later and cause 400,000 bitcoins to go missing.
  4. Hal Finney to Satoshi – Although bitcoin was created on January 3rd, it wasn’t until January 11th that bitcoin was sent between 2 real people. That transaction saw Satoshi Nakamoto’s address transfer 10 bitcoin to Hal Finney
  5. Bitcoin Pizza Day- On May 22nd, 2010 10,000 bitcoin were transferred by  Laszlo Hanyecz to Jeremy Sturdivant for 2 pizzas from Dominos. This remarkable transaction, archived on bitcointalk is the first time Bitcoin was used to buy something in the real world.

1.Genesis Block – On January 3rd, 2009 the first-ever Bitcoin was mined. This now-famous block carried a message. “EThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. The sentence was printed in the title of an article on the Times of London and was meant to warn about the dangers of an inflationary monetary system. It is also believed Satoshi wanted to timestamp Bitcoin by guaranteeing people would know it was created after that date. The author of the article later thanked Satoshi for including him in Bitcoin’s first block.

 

As Bitcoin adoption increases and more money is moved, we can only expect more notable transactions to happen on chain. These transactions will always be notable for their precociousness in happening on bitcoin far before the world was aware of the crypto revolution.

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