Bitcoin was introduced in 2008 by an individual or group using the pseudonym Satoshi Nakamoto, with the Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" published in October of that year. The first Bitcoin block, known as the "genesis block," was mined on January 3, 2009. The concept of "merit" in relation to Bitcoin may refer to its perceived value or utility, which began to gain traction in 2010 as it started being used in real transactions and exchanges for goods and services.
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