Bitcoin is only a decade old but it has come a long way on the path to becoming money. A couple of metrics to consider are precision of spending and unit of account status.
Bitcoin Satoshi Precision Increasing
When bitcoin was first envisioned back in 2009 it was largely experimental. For its first year, tens of thousands of them were fired across networks just to see what happened.
The first real world transaction occurred in 2010 when Laszlo Hanyecz famously asked for pizza on the bitcointalk forum in exchange for 10,000 BTC. He received a $25 order of pizza in exchange for the coins marking the first ever transaction for a tangible asset.
It went from magic worthless internet money to something with real value, which was the desired intention for the transaction. At today’s bitcoin prices that pizza would be worth $90…
Click to continue reading on its source location…