![]() ![]() As 2022 dawns, Bitcoin stands at a market cap of over $900 billion, and global notoriety as one of the most polarising assets in the world. It became the hot favourite for drug dealers on networks like Silk Road, and made its way into the gaming culture where it became ‘loot’ in World of Warcraft (WoW), and fifth and consolation prizes in gaming tournaments. May 22 has since been immortalised as Bitcoin Pizza Day, marking the first stage in a long ladder of evolution. On that day in 2010, Laszlo Hanyecz, hailing from Florida in the US, bought two pizzas with 10,000 bitcoins this was the first recorded commercial transaction involving the cryptocurrency. In the article, Bitcoin has been alternatively used as ( B)itcoin, representing the underlying protocol, and ( b)itcoin, representing the cryptocurrency.Įleven years ago, on May 22, Bitcoin-then a fringe internet subculture-made the all-important jump from 'nerd' forums into the real world. Write comments, suggestions and questions.  ![]() Subscribers will receive updates from the column via email, Telegram. The column will soon be expanded into a newsletter, and you can subscribe here. The Burning Question is a column that tackles some of the biggest questions in the intersection of science, technology, geopolitics and culture that shape the world as we know it. Bitcoin stands at a major inflection point in historyīy Vaisakh E HariUpdated: Decem15:13 ISTVijay Boyapati, author of 'The Bullish Case for Bitcoin' ![]()
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