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Hobbes' Blockchain Timeline 0.1

Blockchain, Bitcoin, Distributed Ledgers,
Smart Contracts and Cryptocurrencies


Robert H'obbes' Zakon

with support from

Zakon Group LLC and OpenConf

Hobbes' Blockchain Timeline Copyright (c)2018 by Robert H Zakon. Permission is granted for use of this document in whole or in part for non-commercial purposes as long as this Copyright notice and a link to this document, at the archive listed at the end, is included. A copy of the material the Timeline appears in is requested. For commercial uses, please contact the author first. Links to this document are welcome after e-mailing the author with the document URL where the link will appear. Hosting of the Timeline on other public Internet sites is not permitted.

also check out Hobbes' Internet Timeline


David Chaum, "Security without Identification: Transaction Systems to Make Big Brother Obsolete" (Oct)

David Chaum, Amos Fiat, Moni Naor, "Untraceable Electronic Cash" (21 Aug)


Extropians mailing list started by Max More

Cynthia Dwork and Moni Naor, "Pricing via Processing or Combatting Junk Mail" (16 Aug)

Eric Hughes launches the cypherpunks mailing list with support from John Gilmore and Hugh Daniel (21 Sep)

Eric Hughes, A Cypherpunk's Manifesto (9 Mar)

Cross-network electronic cash payment demonstration by David Chaum (DigiCash) at the first World Wide Web Conference (25 May)

Markus Jakobsson, "Ripping coins for a fair exchange" (21 May)

Nick Szabo, "Smart Contracts: Building Blocks for Digital Markets" published in Extropy 16

Hashcash announcement by Adam Back on cypherpunks mailing list (28 Mar)

Nick Szabo, "Secure Property Titles with Owner Authority, first use of "bit gold"

Wei Dai announces b-money, "a new protocol for monetary exchange and contract enforcement for pseudonyms" (26 Nov)

Markus Jakobsson and Ari Juels, "Proofs of Work and Bread Pudding Protocols" (20 Sep)


Adam Back, "Hashcash - A Denial of Service Counter-measure" and "Hashcash - Amortizable Publicly Auditable Cost-Functions (1 Aug)

Reusable Proofs of Work (RPOW) announcement by Hal Finney to cypherpunks mailing list (15 Aug)

Ripple project registered on SourceForge by Ryan Fugger (23 Sep), RipplePay founded

bitcoin.org domain name registered (18 Aug)

Satoshi Nakamoto announces publication of "Bitcoin: A Peer-to-Peer Electronic Cash System" to Cryptography mailing list (31 Oct)

Satoshi Nakamoto mines the Bitcoin genesis block and is issued 50 bitcoins (3 Jan 18:15:05); second block timestamped 6 days later (9 Jan)

Bitcoin v0.1 released on SourceForge (8 Jan)

First Bitcoin transaction from Nakamoto to Finney for 10 bitcoins in block 170 (12 Jan)

Bitcoin announcement to P2P Foundation forums (11 Feb)

China bars use of virtual currency for trading in real goods (29 Jun)

New Liberty Standard publishes Bitcoin exchange rate based on mining electricity costs with 1USD = 1309.03BTC (5 Oct)

#bitcoin-dev group registered on freenode Internet Relay Chat (IRC) (12 Oct)

Bitcoin forum launched (22 Nov)

First Bitcoin difficulty increase (30 Dec 06:11:04)


Bitcoin Market, the first bitcoin exchange, is established (6 Feb) with first trade a month later (17 Mar)

First public bitcoin trade – 1000BTC for 0.03USD/1BTC (25 Apr)

First real-world bitcoin transaction by Laszlo Hanyecz who paid 10000BTC for two Papa John's pizzas (~US$25) through an intermediary buyer (22 May)

Magic The Gathering Online eXchange (MtGox) bitcoin exchange established by Jed McCaleb starting at 1BTC = 0.05USD (17 Jul)

Bitcoin block 74638 is found to contain a transaction with over 184 billion bitcoins created due to a bug exploited in the Bitcoin code a week earlier (15 Aug)

BitDNS first discussed on #bitcoin-dev (14 Nov) with bounty proposed following month (4 Dec)

One-quarter of the eventual total 21M bitcoins generated (28 Jan)

Bitcoin reaches parity for the first time with USD on MtGox (9 Feb)

U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) issues guidance that virtual currency exchanges and administrators are classified as money services businesses, whereas users are not (19 Mar)

Several markets for exchanging bitcoins open up, including Britcoin-GBP (26 Mar), Bitcoin Brazil-BRL (31 Mar), and BitMarket.eu-PLN (5 Apr)

Namecoin, inspired by BitDNS discussion, announced on Bitcoin Forum (18 Apr)

Bitcoin reaches parity with EUR and GBP (23 Apr)

China's first bitcoin exchange, BTCChina, launches in June

WikiLeaks begins accepting Bitcoin donations (14 Jun)

MtGox accounts compromised resulting in suspension of trading for 7 days (19 Jun)

Bitcoin generation difficulty passes 100,000 (30 Apr) and 1,000,000 (24 Jun)

Months after beginning to accept Bitcoin donations, the Electronic Frontier Foundation (EFF) announces it would no longer accept them (20 Jun)

First Bitcoin Improvement Proposal: BIP Purpose and Guidelines (19 Aug)

Litecoin released by Charlie Lee (7 Oct)

Bitcoin Magazine, founded in 2011 by Mihai Alisie and Vitalik Buterin, publishes first issue (May)

Bitcoin Foundation founded (27 Sep)

OpenCoin founded by Jed McCaleb and Chris Larsen (Sep), Ripple Transaction Protocol (RTXP) released, and 100 billion XRP tokens minted

Wordpress.com begins accepting Bitcoin donations (15 Nov)

First Bitcoin halving to 25BTC per block (28 Nov 15:24:38 UTC)

Reddit begins accepting bitcoins for Gold memberships (14 Feb)

A block mined in version 0.8 of the Bitcoin software is too big for miners running version 0.7 software resulting in a forked rollback (12 Mar)

Total Bitcoin value surpasses 1 billion USD with 11M bitcoins in circulation (28 Mar)

OKCupid (16 Apr) and Foodler (17 Apr) begin accepting Bitcoin

U.S. Federal Court order issued for the seizure of Mt. Gox's funds held in in its U.S. branch Mutum Sigillum LLC's Dwolla account for failure to register as a money transmitting business (14 May)

EFF begins accepting Bitcoin donations once again (17 May)

Zerocoin: Anonymous Distributed E-Cash from Bitcoin presented at IEEE S&P (21 May)

NameID, integrating Namecoin and OpenID, announced by Daniel Kraft (25 Jun)

Kipochi rolls out exchange of bitcoins with Kenyan M-PESA (9 Jul)

Thailand bans cryptocurrencies including Bitcoin (29 Jul)

U.S. Federal Court issues opinion that Bitcoin is a currency or form of money (6 Aug)

German Ministry of Finance issues guidance that although not e-money, bitcoins are considered a financial instrument (16 Aug)

OpenCoin renamed Ripple Labs (26 Sep)

FBI shuts down Silk Road confiscating approximately 26,000 bitcoins (1 Oct)

Baidu starts (15 Oct) and stops (6 Dec) accepting Bitcoin for its Jiasule service

First Bitcoin ATM begins operating at Waves Coffee Shop in Vancouver installed by Bitcoiniacs using a Robocoin system (29 Oct)

Vitalik Buterin, Ethereum White Paper: "A Next-Generation Smart Contract and Decentralized Application Platform" (Nov)

Bitcoin breaks US$1,000 on Mt. Gox (27 Nov)

China bars banks from Bitcoin transactions (5 Dec)

Dogecoin launches (6 Dec)

Dogecoin Foundation fundraiser for Jamaican olympic bobsled team raises approximately US$30,000 after Dogecoin sees exchange rate with Bitcoin increase by 50% within 12 hours (20 Jan)

Ethereum launch announcement on Bitcoin Forum (23 Jan) and at the North American Bitcoin Conference (25 Jan)

Mt. Gox files for bankruptcy protection in Japan (28 Feb) and U.S. (9 Mar)

IRS provides guidance that virtual currency will be treated as property for U.S. tax purposes (25 Mar)

Credit-card processor Stripe begins accepting bitcoins in closed beta (27 Mar)

Gavin Wood, Ethereum Yellow Paper: "Ethereum: A Secure Decentralised Generalised Transaction Ledger" (Apr)

OpenBazaar forked from the decentralized peer-to-peer marketplace DarkMarket first demonstrated at Toronto Bitcoin Hackathon in response to Silk Road seizure (22 Apr)

"Zerocash: Decentralized Anonymous Payments from Bitcoin" presented at IEEE S&P (20 May)

BitPay announces sponsorship of the stadium in St. Petersburg, Florida which is renamed the Bitcoin St. Petersburg Bowl for one year (18 Jun)

US Marshals Service auctions off 30,000 bitcoins confiscated from Silk Road and all are purchased by venture capitalist Tim Draper (27 Jun)

Initial allocation of ether distributed by Ethereum begins with pre-sale over next 42 days and nets 31,591 BTC (US$18,439,086) (22 Jul)

TeraExchange launches first U.S. Commodity Futures Trading Commission approved Bitcoin over-the-counter swap (12 Sep)

Accepting Bitcoin: Zynga (3 Jan), Overstock.com (9 Jan), TigerDirect (23 Jan), Expedia (11 Jun), Newegg (1 Jul), Dell (18 Jul), Dish Network (14 Aug), Microsoft digital goods (11 Dec)

European exchange Bitstamp operational wallets are compromised resulting in a loss of nearly 19,000 BTC, approximately US$5.2M (4 Jan)

Coinbase opens up first U.S.-based bitcoin exchange (26 Jan)

Stripe opens up bitcoin payments integration for any merchant (19 Feb)

Ripple Labs fined US$700,000 by FinCEN for violating the Bank Secrecy Act (5 May)

New York Department of Financial Services (NYDFS) grants first virtual currency charter to itBit exchange (7 May)

NYDFS releases final version of its BitLicense virtual currency regulations (3 Jun) to take effect 45 days later (17 Jul), causing some companies to relocate out of New York

U.S. Commodity Futures Trading Commission rules virtual currencies are a commodity in action against unregistered bitcoin options trading platform Coinfliip d/b/a Derivabit (17 Sep)

NYDFS issues first BitLicense to Circle Internet Financial (22 Sep)

Ethereum first live release, Frontier, launched (30 Jul)

R3 consortium formed with nine financial institutions (15 Sep) to increase to over 40 members six months later

Pieter Wuille, "Segregated witness and its impact on scalability" [SegWit] (7 Dec)

Joseph Poon and Thaddeus Dryja, "The Bitcoin Lightning Network: Scalable O -Chain Instant Payments" (14 Jan)

Zcash announced by Zooko Wilcox (20 Jan)

HyperLedger project announced by Linux Foundation with thirty founding members (9 Feb)

Ethereum first production release, Homestead (14 Mar)

The DAO (decentralized autonomous organization) launches (30 Apr) with a 28-day crowdsale that less than a month has an Ether value of more than US$150M

Chinese Financial Blockchain Shenzhen Consortium launches with 31 members (31 May)

Second Bitcoin halving to 12.5BTC per block mined(9 Jul)

The DAO is attacked with 3.6M of the 11.5M Ether in The DAO redirected to the attacker's Ethereum account (17 Jun), resulting in a hard fork of the Ethereum Blockchain to recover the funds (20 Jul). A minority group rejecting the hard fork continues to use the original blockchain renamed Ethereum Classic

Bitfinex exchange breached with 119,756 bitcoins (~US$72M) stolen from users' segregated wallets (2 Aug)

Workshop on the Use of Blockchain for Healthcare and Research at US/NIST (26-27 Sep)

Bitcoin breaks US$1,000 for the first time in three years (2 Jan)

Digital Trade Chain platform ammounced by seven major European banks (16 Jan)

Enterprise Ethereum Alliance formed with 30 founding members (28 Feb) and over 150 members six months later

U.S. Department of the Treasury FinTech Working Group formed (10 Mar)

Bitcoin is officially recognized as currency by Japan (1 Apr)

Tencent launches TrustSQL blockchain platform (25 Apr)

Bitcoin sign added to Unicode at code point U+20BF (20 Jun)

Bitcoin Cash is forked from the Bitcoin Network to allow blocks greater than 1MB (1 Aug)

Dell ceases to accept bitcoin as payment (19 Oct)

Bitcoin breaks US$10,000 (28 Nov) and US$20,000 (16 Dec)

Coinbase is ordered to disclose information on 14,355 users with Bitcoin transactions greater than US$20,000 during 2013-2015, one year after the IRS sought information on all Coinbase users (28 Nov)

Lightning Network Protocol 1.0 released (6 Dec)

Long Island Iced Tea Corp. renames itself Long Blockchain Corp. and sees its stock price rise more than 200% at trading open, closing 183% higher (21 Dec)

The median daily transaction fee for the Bitcoin network reaches a peak of US$34 (23 Dec) before falling below $10 a month later and below $1 two months later

Dogecoin market capitalization passes US$1 billion (5 Jan)

KODAK announces KODAKCoin cryptocurrency for use in its KODAKOne rights management platform and sees its stock price rise 60% within hours (9 Jan, ICO - 31 Jan)

Baidu launches Blockchain-as-a-Service (12 Jan)

Stripe announces it is ending bitcoin support on 23 April (23 Jan)

Capital One announces it is blocking purchases of cryptocurrencies using its credit cards (14 Jan), several other U.S. banks follow suit including J.P. Morgan Chase, Bank of America, and Citigroup (2 Feb)

If you enjoy the Timeline or make use of it in some way, please let me know.


Figure: Bitcoins Mined
Bitcoins mined chart
click here for a chart showing the logarithmic growth of the Bitcoins mined

Hobbes' Blockchain Timeline FAQ

1. How do I get Hobbes' Blockchain Timeline?
The Timeline is archived at http://www.zakon.org/robert/blockchain/timeline/. There are no authorized mirrors for the Timeline.

2. Can I re-print the Timeline or use parts of it for ... ?
Drop me an email. The answer is most likely (though don't assume) 'yes' for non-profit use, and 'maybe' for for-profit; but to be sure you are not going to break any copyright laws, drop me an email and wait for a reply. Also, please note that I get a bunch of requests with improperly formatted return email addresses. If you don't hear from me in a week (typical turn around is < 1 hour), check your header and email again. BTW, don't forget to tell me who you are, your affiliation and how you plans to use the Timeline; anonymous copyright requests will not be granted.

3. Peddie (Ala Viva!), CWRU (North Side), Amici usque ad aras (PKP OH-EP), Colégio Andrews (Rio), Gordonstoun (Elgin), Digital44/PIF
E-mail me if you know

Archive-name: Hobbes' Blockchain Timeline
Version: 0.1
Archive-location: http://www.zakon.org/robert/blockchain/timeline/
Last-updated: 1 April 2018
Maintainer: Robert H'obbes' Zakon, timeline@Zakon.org, www.Zakon.org
Description: A timeline highlighting some of the key events and technologies that helped
             shape the current state of blockchains, cryptocurrencies and Bitcoin.