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Home / Analysis / IT’S 31th OCTOBER ,BITCOIN TURNS NINE TODAY.

IT’S 31th OCTOBER ,BITCOIN TURNS NINE TODAY.

 IT’S  31 th OCTOBER ,BITCOIN TURNS NINE TODAY.

 

“MAY THE DECENTRALIZED SUN;

IN THE CRYPTOCURRENCY UNIVERSE FOREVER SHINE ,

THANK YOU SATOSHI NAKAMOTO;

YOUR WHITE PAPER TODAY TURNS NINE!!!”

 

It was just another day in our world on 31 october 2008  running on centralized economies , when Satoshi Nakamoto published a paper on The Cryptography Mailing list at metzdowd.com describing the bitcoin digital currency. It was titled Bitcoin: A Peer-to-Peer Electronic Cash System. In January 2009, Nakamoto released the first bitcoin software that launched the network and the first units of the bitcoin cryptocurrency, called bitcoins. Satoshi Nakamoto released the Version 0.1 of Bitcoin software on Sourceforge on 9 January 2009.

A Flawless running program,the concept of Blockchaintechnology…a White Paper simply putting ,not just instantly time travelled us   but also gifted us the Gateway to The Bright ,Free and Sunny Skies Of The Cryptocurrency Universe, and Money Experienced  FREEDOM….!

 

This concept was previously attempted by  Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo,creator of bitcoin predecessor bit gold, but,

Hey! As they say Nothing can stop an idea, whose time has come ,

  • The Date : 31 October 2008,
  • The Concept: Freedom :Decentralized Economy
  • The Program : Blockchain
  • The User : You and I
  • T he Money : Bitcoin
  • The Idea : Peer to Peer Electronic Cash System.
  • No Fiat Currencies
  • No Third Party Involvements
  • No Declarations
  • No Transaction Fees
  • a simple program.

 

His Concept brought us internet generated money not issued by the Government ,and practically eliminated the requirement of a trusted third party for transactions saving Us Hard Earned Dear Money, Quoting from His White Papers initial lines from The White Paper Abstact:

“…a solution to the double-spending problem using a peer-to-peer network.

The network timestamps transactions by hashing them into an ongoing chain of

hash-based proof-of-work, forming a record that cannot be changed without redoing

the proof-of-work. The longest chain not only serves as proof of the sequence of

events witnessed, but proof that it came from the largest pool of CPU power.”

 

Nine Years Since This Evolutionary Journey that We have embarked on Through The Gateway ,The Bitcoin White Paper and Nine is too young to judge of ,but The Potential of This Universe and its Utility in OURS is yet to be fathomed ,considering we have been inhabiting Earth for Millions of years and Trading in Centalized Economies Since As long as we can remember ,All that can be said is

 “ …to infinity and beyond!”

Thank You, Satoshi Nakamoto ,For Your Valuable Contribution ,Your Anonymity adds to The Enigma Of Bitcoins.

Ok Folks…(In Chorus …and Loudly)

“  HAPPY  9th BIRTHDAY BITCOIN !!!”

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