How much was bitcoin in 2008?

The email exchange between Nakamoto and Dai serves as an early indication of the interest in developing a decentralized digital currency. Nakamoto, the pseudonymous founder of Bitcoin, was clearly influenced by Dai's work and sought to build upon it.

On August 22, 2008, the price of Bitcoin (BTC) was zero dollars. This marked the beginning of a significant exchange between Satoshi Nakamoto and Wei Dai. Wei Dai is the creator of b-money, a digital currency concept that preceded Bitcoin.

Moving forward to October 31, 2008, the price of BTC remained at zero dollars. During this time, Nakamoto made a significant contribution to the field of cryptography by posting a message titled “Bitcoin P2P e-cash paper” on a cryptography mailing list.

The “Bitcoin P2P e-cash paper” outlined Nakamoto's vision for a peer-to-peer electronic cash system that would allow online payments to be sent directly from one party to another without going through a financial institution. This paper laid the groundwork for the creation of Bitcoin.

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