$BTC.X October 5th 2009, when for the first time an BTC exchange rate is established. This exchange rate was quite ridiculous by today’s standard, but for the time being it was THE first time Bitcoin had any value when measured against fiat currency. The proposed rate was 1,309.03 BTC = $1 USD. It was generated through an equation that calculated the cost of electricity for one computer to generate Bitcoin.
  • 3
  • 1