Tag: CWD

On June 9, 2011, Bitcoin spikes to $31 and settles the day at $29.60

after Gawker expose on Silk Road , published on  6/1, goes viral.

Art details: Original digital hand painted motion art portrait. The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.4 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

On May 22, 2011, somebody is believed to have accessed a wallet containing 300,000 bitcoin, which was kept unencrypted on a public drive. The thieves decided to return 297,000 bitcoin, keeping a 1% fee. The return transactions are believed to be for 280,000 and 17,000. – 3,000 bitcoins lost / stolen

BTC Price: $6.47

This is a 1 /10 Limited Edition NFT. This artwork is limited to only 10 NFTs available for purchase.

Art details: Original digital hand painted motion art portrait. The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.4 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

On March 6, 2011, Jed McCaleb sold the Mt. Gox Exchange to French developer Mark Karpelès, who was living in Japan, stating that “to really make Mt. Gox what it has the potential to be, would require more time than I have right now.”

The site was transferred to Mark Karpeles in exchange for six months worth of revenue. Karpeles became the largest shareholder and CEO.

BTC = $0.85

This is a 1 /10 Limited Edition NFT. This artwork is limited to only 10 NFTs available for purchase.

Art details: Original digital hand painted motion art portrait (NOT Computer Generated). The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.8 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

On March 1, 2011, hackers obtained the Mt. Gox wallet.dat file from the server.

This is believed to be the withdrawal transaction hash: e67a0550848b7932d7796aeea16ab0e48a5cfe81c4e8cca2c5b03e0416850114

resulting in 79,956.55 BTC stolen.

 As of 19 July 2018, the stolen 80,000 bitcoin has never been moved.

BTC Price during transaction: $1.1363

Art details: Original digital hand painted motion art portrait (NOT Computer Generated). The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.4 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

On February 9, 2011, Bitcoin surpassed $1.00 value (a 1000% rise in 6 months)

The first Angel investors start to purchase bitcoin; Roger Ver made his inaugural $25K Bitcoin purchase.

Art details: Original digital hand painted motion art portrait (NOT Computer Generated). The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.4 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

CWD is a historic NFT collection containing 150 unique tokens representing  important dates in bitcoin price history from 2009 –2022, to be released in mini-drops throughout 2022, of twelve new unique tokens for each successive year series. The initial sale of the tokens can be found on the Rarible Marketplace. All tokens are priced equally at 0.07 ETH.

2011 was a tough year for bitcoin. In its 3^rd year, Bitcoin was on the rise, but it was also plagued by theft, corruption & increasing mining costs. The Mt. Gox exchange played a major role in all of this.

The 2011 series of this collection contains twelve unique tokens highlighting these  events:

1. 2011 February 9th – BTC surpasses 1 Dollar
2. 2011 March 1st – Mt. Gox Wallet Theft 1
3. 2011 March 6th – Mt Gox Exchange Sold
4. 2011 May 22nd – Mt Gox Wallet Theft 2
5. 2011 June 9th – Gawker Expose on Silk Road
6. 2011 June 19th – Mt. Gox Hack plummets BTC to $0.01
7. 2011 July 18th – Mt. Gox Hack Shows Proof of Reserves
8. 2011 August 11th – Mt. Gox Purchases Bitomat
9. 2011 September 23rd – Bitcoin Update Introduces Wallet Encryption Passphrase After Mt Gox Wallet Theft 3
10. 2011 October 18th – Miner Capitulation – Bitcoin Plummets Costing More to Mine Than Worth
11. 2011 November 23rd – WIRED Publishes, The Rise and Fall of Bitcoin
12. 2011 December 31st – Bitcoin Ends Year With a Boost After Good Wife TV Show Airs

Art details: Original digital hand painted motion art portraits (NOT computer generated). The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

CWD is a historic NFT collection comprised in total of 150 pieces spanning important dates in bitcoin price history from 2009 – 2022, and can be found on the Rarible Marketplace. All tokens are priced equally at 0.07 ETH.

In 2010, bitcoin started gaining traction and awareness, yet there were only a few notable events throughout the year that had an impact on the growth and price of bitcoin. The 2010 series of this collection contains four unique tokens to commemorate the following events:

• 2010 May 22 –  Laslo Pays 10,000 Bitcoins for Two Large Pizzas
• 2010 July 18 – First Bitcoin Trade on Mt.Gox for 5 Cents per BTC
• 2010 August 15 – Bitcoin Forked After One Time Security Glitch
• 2010 November 7 – Bitcoin Catapults to 39 Cents

Art details: Original digital hand painted motion art portraits (NOT computer generated). The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

On November 7, 2010, Bitcoin catapulted to $0.39. This coincided with a podcast episode on digital currencies by Free Talk Live. The price did not spike higher until January 2011.

Art details: Original digital hand painted motion art portrait. The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.4 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

On August 15, 2010, a major vulnerability in the bitcoin protocol was exploited. The bitcoin protocol code dictates that there will only ever be 21 million bitcoins ever created. However, a vulnerability was first spotted on August 6, 2010, when it was discovered that if a transaction’s output summed to more than 2 satoshis to the 64th power, it would cause an overflow, permitting the transaction author to create arbitrary amounts of bitcoin.

Enter block 74,638. On August 15, 2010, this security flaw was exploited by a user who still remains anonymous to this day. In a single transaction, this user spent 0.5 bitcoin to send 92 billion bitcoins to two separate addresses, thus creating 184,467,440,737.09551616 bitcoins out of thin air!

The anomaly was spotted right away by Jeff Garzik. The issue was referred to as an “overflow bug,” and within hours the bug was fixed with code to reject output value overflow transaction, and the blockchain was forked by miners using an updated version of the bitcoin protocol. Since the blockchain was forked on the block below the exploited transaction, it no longer appeared in the blockchain used by the network today.

This was the only major security flaw found & exploited in Bitcoin History. The update was Bitcoin patch 0.3.10, and was implemented by Satoshi Nakamoto, who was still involved in the development of bitcoin at that time.

BTC Price: $0.07

Art details: Original digital hand painted motion art portrait. The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.4 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt

On July 18, 2010, Mt. Gox was launched by Jed McCaleb, after reading about bitcoin on Slashdot. Realizing that the bitcoin community needed an exchange for trading bitcoin & fiat currencies, he launched the Mt. Gox exchange & price quoting service, deploying it on a domain he already owned and previously attempted to use to build an online service for “Magic: The Gathering” online game cards, calling his website, Magic: The Gathering Online Exchange (using the initials, “Mt.Gox”)

On July 18, Mt. Gox executed its first Bitcoin trade with a 20 BTC order between two parties. The total value of the transaction was only $0.99. Establishing Bitcoin’s trading price at $0.04951.

BTC Price: $0.04951

This was the first time Bitcoin surpassed 1 penny in valuation.

Art details: Original digital hand painted motion art portrait (NOT Computer Generated.) The ticker tape displays the historical daily price indexes recorded on this day.

Dimensions: 720 x 1080, 19.9 MB, Duration: 15 seconds

Created with Corel Painter, Adobe After Effects & Adobe Premiere

Artist: Denise Holt