LOVE BITCOIN-HISTORY OF BITCOIN WHO'S CREATOR
Ten years have
passed since the first appearance of Bitcoin (since the domain bitcoin.org was
registered) and we still don't know who the discoverer is.
Where does Bitcoin
come from? Who created it and for what? What is the purpose of Bitcoin made?
Did only one person create it?
The questions above
are some of the common questions about the history of Bitcoin that are widely
asked in the crypto community, and also by those who consider themselves as
investigators and conspiracy theorists. To learn more about the history of
Bitcoin, we decided to discuss the origins of Bitcoin, share what we know with
you about its creators, and explore some of the logical reasons behind their
anonymity.
Related article:
Luno, the Easiest Way to Buy Bitcoin and Ethereum
When Was Bitcoin
Invented?
The first
appearance of Bitcoin in public was in January 2009, when a person or group of
people using the name Satoshi Nakamoto launched the open source code for
Bitcoin software. The first block of the Bitcoin blockchain that was launched
can be interpreted as a statement, a clue, or just as a date marker: "The
Times 03 / Jan / 2009 Chancellor on the second bailout for banks" (the
Minister of Finance immediately conducts a second bank bailout). This sentence
is one of the main titles in The Times newspaper on the same date.
It could be that
Nakamoto only chose the first title they saw in the nearest newspaper. However,
loyal followers of cryptocurrency agree that this is a statement that has a
special meaning. At that time, the 2008 financial crisis was still ongoing and
most likely Bitcoin was a form of reaction of anger and disappointment at the
state of our financial system at that time.
The Bitcoin Code
may have been created in 2007, and the first indication of its appearance was
in August 2008, when the domain name 'bitcoin.org' was registered. A few months
later, members of the cryptographic mailing list received a report titled
'Bitcoin: A Peer-to-Peer Electronic Cash System' with 'Satoshi Nakamoto' as the
author.
Ten years have passed since the first appearance of Bitcoin (since the domain bitcoin.org was registered) and we still don't know who the discoverer is.
Where does Bitcoin come from? Who created it and for what? What is the purpose of Bitcoin made? Did only one person create it?
The questions above are some of the common questions about the history of Bitcoin that are widely asked in the crypto community, and also by those who consider themselves as investigators and conspiracy theorists. To learn more about the history of Bitcoin, we decided to discuss the origins of Bitcoin, share what we know with you about its creators, and explore some of the logical reasons behind their anonymity.
When Was Bitcoin Invented?
The first appearance of Bitcoin in public was in January 2009, when a person or group of people using the name Satoshi Nakamoto launched the open source code for Bitcoin software. The first block of the Bitcoin blockchain that was launched can be interpreted as a statement, a clue, or just as a date marker: "The Times 03 / Jan / 2009 Chancellor on the second bailout for banks" (the Minister of Finance immediately conducts a second bank bailout). This sentence is one of the main titles in The Times newspaper on the same date.
It could be that Nakamoto only chose the first title they saw in the nearest newspaper. However, loyal followers of cryptocurrency agree that this is a statement that has a special meaning. At that time, the 2008 financial crisis was still ongoing and most likely Bitcoin was a form of reaction of anger and disappointment at the state of our financial system at that time.
The Bitcoin Code may have been created in 2007, and the first indication of its appearance was in August 2008, when the domain name 'bitcoin.org' was registered. A few months later, members of the cryptographic mailing list received a report titled 'Bitcoin: A Peer-to-Peer Electronic Cash System' with 'Satoshi Nakamoto' as the author.
First Transaction
Hal Finney, a cypherpunk (a supporter of the use of cryptography and technology that enhances privacy) who is heavily involved in the cryptographic community, is the person who accepts Bitcoin inaugural transactions. Finney recalled his experience through writing in a forum in March 2013:
‘I really love the crypto world, and the mysteries and paradoxes that it presents. When Satoshi announced Bitcoin through our cryptographic mailing list, the response he received was skeptical ... whereas my response tended to be more positive. I have long been interested in cryptographic payment schemes ... I even tried making my own currency based on proof-of-work ... Therefore, in my opinion Bitcoin was very interesting ... When Satoshi announced the first launch of the software, I immediately took it. It seems I was the first person besides Satoshi to run bitcoin. I mined the 70s block, and I was the recipient of the first bitcoin transaction when Satoshi sent me ten coins as a trial. I talked to Satoshi via email over the next few days ... Now, Satoshi's true identity has become a mystery. But at that time, I thought I was communicating with a young man of Japanese descent who was very clever and sincere. I have had the good fortune to know many brilliant people throughout my life, so I know that he is one of them. '
Hal Finney passed away in 2014, but his legacy to build a better financial system, charity work and cryptographic activities is still ongoing.
Nakamoto's exit
At the end of 2010, Nakamoto handed over his baton to a software developer named Gavin Andresen, and thus officially decentralized the Bitcoin network. Previously, control over the Bitcoin code was relatively centralized because only Nakamoto could make changes to the code.
Nakamoto made the last forum post on December 12, and still responded to several sporadic emails for some time, while continuing to communicate with Andresen until around the end of April - and then disappearing forever. According to the newspaper, Nakamoto asked Andresen to ignore his anonymity when discussing Bitcoin in public.
As far as we know, Nakamoto is no longer involved in any changes made since then. Follow our series of articles, where we will discuss what we know for certain about Satoshi Nakamoto, and their possible motivations when creating Bitcoin. We will also discuss several possible reasons why they still do not want to be identified
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