The Documented History of Bitcoin

This is the backstory of how Bitcoin was created. The information was pulled off the official websites, no third-party information is covered in this post. This seems like rare information and we are happy to serve you this information!

This post is most likely the closest and honest information about Bitcoin found on the web.

The first documented appearance of was on January 31st 2009. This was the first official release of Bitcoin’s Alpha v0.1.

Here’s a snippet of the content that was posted on


Bitcoin v0.1 Alpha Release

Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or trusted parties.

It’s currently Windows only for now. Open source C++ code is included.

Download link: bitcoin-0.1.3.rar

Satoshi Nakamoto
PGP key


The first documented appearance of (as a cryptocurrency) was the July 19th, 2009.

Here’s a snippet of the content that was posted on the


Currently, web payments don’t flow. For example, users get frustrated when they are blocked from creating a photo collage unless they pay $25, and most don’t pay.

Not only are Picnik’s user’s frustrated, but Picnik suffers because they have to support a large number of free-riding users in order to convert a small percentage to their premium package.

This situation is repeated for most web services operating with a freemium model. And it’s all the more difficult for startups who are delivering a valuable service to their customers but don’t yet have the large volume of users that are required to generate any real revenue from the few who pay.

The Solution

Our solution is metered payments. The concept is built on three observations:

  • People will pay an estimated $1b this year in the iPhone app store where payments flow so smoothly that users who click to install a new app barely even notice that they are making a payment.
  • In the offline world few people hesitate to turn on a light or fill the bath with water even though their usage of these utility services is metered.
  • Web services get exponentially more valuable when they are connected together. For example, Remember The Milk (a to do list app) is amazing when you connect it to Dial2Do (a voice transcription service) and Twitter.

Our patent pending technology starts with the friction free experience of the iPhone app store: users can authorize their meter to automatically flow payments to any app up with just two clicks and no typing.

Once the meter is authorized it all-but invisibly handles all future payments to the app, freeing the user to consume premium features without any interuption, commitment or even having to reveal their identity. And, they can be confident that they will spend no more on the app than their self-defined limit.

Occasionally users will have to add funds to their meter, but because the meter works across any number of web-based apps they only have to make a single credit card purchase to pay for all their web-based apps and services.

Metered Payments Are Not Micropayments

Metered payments are a universal pay-per-use mechanism for services delivered over the Internet. They are most directly comparable to a subscription, but with a few advantages:

  • The subscriber set’s their own payment terms (i.e. “I’ll pay up to $10 per month for this service”).
  • They never have to cancell their subscription because payments are only made on a per-use basis.
  • They can subscribe instantly, without any typing or other hassles like finding a credit card.
  • They do not have to reveal any identifying information.
  • They can view and manage all their subscriptions in one location, receiving just one combined bill.

For more information mail info[at]


TradeHill  mention on the site was on June 8th, 2011, which is also the “go live” date display on the exchange’s status page.


Tradehill was formerly a bitcoin currency exchange. At its peak, it was the second-largest; only Mt. Gox was higher. As one of the first cryptocurrency based exchanges, their information provided regarding Bitcoin was probably one of the most trusted.

Tradehilll on Bitcointalk: Bitcoin Worldwide Exclusive: New Competitor to MtGox

Here is our FAQ on Bitcoin as of 2009.

₿ Bitcointalk – Facts, Team & more

Bitcointalk was formerly known as the forum hosted on Bitcointalk is a forum about bitcoin, initially created by Satoshi Nakamoto the inventor of Bitcoin on Nov 22, 2009 and was head administrator until almost 2011.

The forum was at some point moved to The domain name was also transferred from Satoshi to Sirius.

In July, 2011 the forum was moved to in order to make it explicitly unofficial. The “forum” link on the homepage was made to simply return the Google search results for the search terms “bitcoin forums”. This was followed by Bitcoin Community members, very much in bitcoin’s spirit of decentralisation, creating a number of alternative forums offering different moderatorial policies and using different software platforms. None of these alternative forums have yet reached the size of Bitcoin Talk.

Later, the “forum” link was simply removed, further distancing Bitcoin Talk from the official As of April 21, 2012, Bitcoin Talk remains the first search result on Google thanks to its high page rank.

The forum with currently more than 2.6 million registered users ist build on top of Simple Machines. Simple Machines started as a project under Lewis Media, Inc. In 2007, the Simple Machines Forum project was split off and formed its own company, organized as Simple Machines, LLC. In June of 2010, Simple Machines reformed as a not-for-profit organization (NPO) registered in Nevada. The transfer of assets from LLC to NPO was completed in April of 2011 and in May of 2011, Simple Machines, LLC was dissolved.

Forum Team Constellation

Here are only a few of the possible hundreds of team members of Bitcointalk.

  • Satoshi: Founder – no information found
  • Sirius-m: Administrator – Owner of
  • Theymos – Administrator – Bitcoin Address: 1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
  • Cyrus – Administrator – Bitcoin Address: 1ASUtuHN5KHzm3t7BNXjLeZBZK65D3DrNR
  • Xal0lex – Staff – Bitcoin Address: 1FPVeTHxia6s5V4TFWdSY9vpwsu6QoHkwj
  • xandry – Staff – Bitcoin Address: 32JFHJMBAMkQ9jLkR5Tra6vHbqF39gh1cH
  • Barcode_ – Staff – Bitcoin Address: 1J3KruLBLqK6zAMMJtjKc55qJyN3z47WUf
  • mprep – Global Administrator – Bitcoin Address: 3F2arjHQH8m86pphf2PyUSvL7c2HCTAJv5
  • Mr Big – Global Administrator – Bitcoin Address: 32vEFuZ1a5R6ZmPtxgRujGMpxXgG4GQFnN

Bitcoin Code

Code Review

On December 23rd 2013, the user Cryddit wrote a post on Bitcointalk stating that Satoshi Nakamoto asked for professional crypto geeks to review his project in 2008.

The original source files were therefore distributed privately through email. The “study” folder contains the main files of the 0.1 version, roughly 7000 LOC (Lines of code). Unsure if Satoshi Nakamoto used any kind of source control before the source codes were available to the public. Initial commits on GitHub were converted from svn on Sourceforge.

You may find Bitcoin v0.1 released announcement by Satoshi Nakamoto and Bitcoin v0.1 source code hosted in Github interesting.

SourceForge Bitcoin Team

Project team as of November 2nd, 2010.
Project team as of 2019.

Stay tuned. More will follow soon.


GammaGoblin – Unconfirmed Arrest

Bitcoin FAQ