출처: Block Media
Coinbase CEO Reflects on Bitcoin’s Beginnings: A Dollar Once Bought 1,309 BTC
Remembering Bitcoin’s Humble Origins
Brian Armstrong, the CEO and co-founder of Coinbase, recently turned back the clock to Bitcoin’s early days, recalling a time when $1 could purchase an astounding 1,309 BTC. Sharing his thoughts on the platform X (formerly known as Twitter) on October 5, Armstrong reflected on the revolutionary mindset that brought Bitcoin to life: “It’s the ‘crazy’ people who believe they can change the world that actually do,” he stated, highlighting the innovative spirit behind the cryptocurrency’s inception.
How Bitcoin’s Value Was Calculated in the Beginning
In its earliest phase, Bitcoin had no established market price, prompting developers to create an unconventional approach to determine its value. Developer NewLibertyStandard pioneered one such method, tying Bitcoin’s valuation to electricity consumption—a process reflecting the raw costs of mining the digital asset.
This valuation formula incorporated several key factors:
- The annual electricity consumption of high-performance CPUs, which early miners relied on to generate Bitcoin.
- The average household electricity rates within the United States at the time.
- The volume of Bitcoin a miner’s equipment could produce each month.
This method served as a crucial benchmark during Bitcoin’s formative years, enabling early adopters to assign some semblance of monetary value to this nascent technology. Yet, even with this baseline valuation in place, Bitcoin wasn’t widely used for transactions. Its first recorded real-world use for purchasing goods wouldn’t occur until the following year.
From Pennies to Paris: Bitcoin’s Skyrocketing Journey
Fast forward to the present, and Bitcoin’s evolution stands as one of the most remarkable stories in financial history. Once traded for fractions of a penny, Bitcoin has grown into a global financial powerhouse, regularly making headlines as its price soars to new heights.
Brian Armstrong, an enduring advocate for Bitcoin’s potential, has long expressed optimism about the cryptocurrency’s trajectory. In August, he made waves with his bold prediction that Bitcoin could climb to a staggering $1 million per token by 2030. Such forecasts—while ambitious—underscore Armstrong’s confidence in Bitcoin’s expanding adoption and increasing role as a store of value.
A New Milestone: Bitcoin Hits $125,000
Recently, Bitcoin achieved yet another milestone by breaking past the $125,000 mark for the very first time. This landmark moment further cements its status as the leading cryptocurrency and a growing force in both the economic and technological realms.
As Bitcoin continues to gain traction in global markets, the journey from its modest origins to its current astronomical valuations serves as a testament to the visionaries who dared to believe in its possibilities.
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