What happened in 2011 in Bitcoin?

This is the story about 2011 in Bitcoin. Read about 2010 here. In 2011, Bitcoin reached parity with the US Dollar on February 9 — the same month Silk Road, the online dark-net marketplace, went online. Founded in 2011 by Ross Ulbricht, the Silk Road quickly made headlines and caught the attention of the U.S. government.

How much is a bitcoin worth in 2011?

On 1 January 2011, Bitcoins were worth 30 cents each. By 9 June 2011, they were worth $29.55. The total volume of US dollar to Bitcoins traded on MtGox was $146,000 in January. In the first two weeks of June alone, this was 143 times bigger, at $21m worth of trades.

Who received the first bitcoin transaction?

The receiver of the first bitcoin transaction was Hal Finney, who had created the first reusable proof-of-work system (RPoW) in 2004. Finney downloaded the bitcoin software on its release date, and on 12 January 2009 received ten bitcoins from Nakamoto.

How many casascius bitcoins were made?

Caldwell released in September 2011 the first Casascius physical bitcoins. They had a 22 character private key inside the coin and 3,500 were produced. The connection between bitcoin and alpacas likely began after a February 2011 post on Slashdot describing the goods and services available for bitcoins.