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Bitcoin Price Surges 2000% After Slashdot Feature
Coin WorldMonday, Jul 7, 2025 11:51 am ET
1min readFifteen years ago, on October 5, 2008, Satoshi Nakamoto released
v0.3, marking a significant milestone in the journey of Bitcoin towards mainstream adoption. This version, the sixth in the series, was bundled with a Mac OS X version built by Laszlo Hanycez and included features such as command-line control of nodes and a "hashmeter" performance display for mining, which was still being done with CPUs. The update notably came with 20% faster hashing, but this competitive edge was quickly overshadowed by the arrival of the first GPU miners on the network less than two weeks later.Satoshi Nakamoto's excitement about the release was evident in the announcement post, which featured two exclamation points and an appealing tagline: “Escape the arbitrary inflation risk of centrally managed currencies!” Despite the excitement, there wasn't much initial fanfare. The Bitcointalk thread only received four replies, and the Bitcoin.org forum thread gathered about 500 views in total. Satoshi Nakamoto intended v0.3 to be Bitcoin’s first official version, under v1.0, but walked back Bitcoin’s graduation from beta status in a reply to early adopter Andrew “teppy” Tepper's proposed submission to Slashdot.
Slashdot featured Tepper's submission on its front page on July 11, 2010, widely regarded as the first instance of a major media platform publicizing Bitcoin. At the time,
were trading for about $0.05. The submission highlighted Bitcoin's disruptive potential as a peer-to-peer, network-based digital currency with no central bank and no transaction fees. It also noted that the market value of Bitcoins was already above the value of the energy needed to generate them, indicating healthy demand. The community was hopeful that the currency would remain outside the reach of any government.This media attention was a turning point for Bitcoin. Its price began its first major bull run about three months following the Slashdot post, in October 2010, and would reach dollar parity by February 2011. Slashdot celebrated this milestone with another front-page feature, showcasing the importance of Bitcoin’s first few fans. This period marked the beginning of Bitcoin's journey towards mainstream adoption, as it gained traction and recognition in the broader public consciousness.
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