2010
When Laszlo Hanyecz, a programmer, spent 10,000 bitcoin for two Papa John’s pizzas that were delivered on May 22, Bitcoin made history. Back then, the two pizzas were worth roughly $40; at the current bitcoin price, that transaction would be worth almost $660 million. WOOOW !!!
Not too long afterward, Tokyo-based Bitcoin exchange Mt. Gox was established by programmer Jed McCaleb. Mt. Gox was an abbreviation for Magic: The Gathering Online eXchange, which was a fantasy card game leftover. Over 70 percent of all Bitcoin transactions were handled by Mt. Gox at its height. However, the reputation of Bitcoin was damaged in August when a hacker took advantage of a flaw in the blockchain coding to create more than 184 billion bitcoin in block 74,638. Nakamoto released an updated version.