New Liberty Standard Publishes First Exchange Rate on Bitcoin of 1,309.03 BTC to one U.S. Dollar (0.0008/BTC)

Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U.S. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or “mine” the currency. Sources: https://web.archive.org/web/20091229132610/http://newlibertystandard.wetpaint.com/page/Exchange+Rate

Read more: Complete Bitcoin Price History Chart + Related Events (2009 – 2018) | 99Bitcoins

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