The $5 invitation becomes a chain

DocumentedTimeline event

Date: 2022-07-18 · basis: reported event date

What happened

AriZonanHODL posted a $5 bitcoin purchase; Bob / @HappyClownTime replied with $6 and Satskeeper with $7. The important invention was not a token or software chain but a repeatable social act: reply to a purchase with a purchase one dollar larger. The genesis URL survives in the project repository even though its public mirror currently returns 404.

Archive summary written from the sources below — not a quotation.

From the sources

Stackchain was born completely organically when AriZonanHODLhttps://github.com/stackchainsats/stackchain

The story goes like this: @ArizonanHodl posts his $5 bitcoin buy, @Happyclowntime, also known as Bob, followed it up with a $6 buy and Satskeeper followed Bob’s with a $7 buy.https://bitcoinmagazine.com/culture/how-5-bitcoin-purchase-cascaded-into-1-5-million-viral-movement

SIP: 0001 LAYER: Consensus TITLE: NEWSTACK AUTHOR: Derek Ross (twitter.com/derekmross) STATUS: Rejected TYPE: Standards Track CREATED: 2022-7-20https://raw.githubusercontent.com/stackchainsats/stackchain/main/sips/sip-0001.txt

Receipt

No receipt is held for this entry.

In plain English

Machine-written summary, not an editorial statement.

Provenance

Dated event entry from the archive's web/X history research. Recorded status: sourced. Summarised by the archive from the sources linked below; not a verbatim quotation.

Uncertainty

Event status as recorded by the history research: sourced. The date basis is the reported event date, not necessarily a verified post timestamp.

Part of the Stackchain community archive · the ledger. Coverage-limited: this records what the archive holds and says plainly what it does not. Sourced, testimony and uncertain material are kept visibly distinct and are never promoted by appearing here.