A piece of Bitcoin history back in 2009... \ stacker news ~bitcoin

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Holy moly, I don't understand spreads but it's good for bitcoin that bitcoin is higher right?

0 sats \ 0 replies \ @GrinSingularity OP 16 Nov 2023

Absolutely yes, for the buyer... The seller is in bad mood...

10 sats \ 0 replies \ @brandonsbytes 17 Nov 2023

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10 sats \ 2 replies \ @quark 16 Nov 2023

I wonder how that exchange rate calculation is doing today.

0 sats \ 0 replies \ @GrinSingularity OP 17 Nov 2023

The price of Bitcoin is determined in the same way that the value of the U.S. dollar is determined: supply and demand. Like fiat currency, when the demand for bitcoin increases, the price increases. When demand for bitcoin falls, the price falls.

0 sats \ 0 replies \ @GrinSingularity OP 17 Nov 2023

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10 sats \ 1 reply \ @TwoLargePizzas 17 Nov 2023

This is actually really cool.

I'm currently working on a website about the history of Bitcoin and this is dated before Laszlo Hanyecz made the famous two pizza transaction on May 27, 2010.

10 sats \ 0 replies \ @GrinSingularity OP 17 Nov 2023 freebie

I don't know if there is before October 5, 2009 a rudimentary value of bitcoin

https://m.stacker.news/5119

Another observation. On the website we see the original 2009 bitcoin logo designed from Satoshi Nakamoto

https://m.stacker.news/5122