Satoshi Nakamoto – Bitcoin Wiki

Bitcoin SV

Bitcoin SV is the original Bitcoin It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008: Bitcoin: A Peer-to-Peer Electronic Cash System.
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Bitcoin

Discussion about Bitcoin. BitcoinSV restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale on-chain. BSV will maintain the vision laid out by Satoshi Nakamoto in the 2008 white paper - Bitcoin: A Peer-to-Peer Electronic Cash System.
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AllTheBitcoins: For Bitcoins, forks and orphans

Welcome to AllTheBitcoins: The subreddit appealing to supporters of all the competing implementations and forks of Bitcoin. You are welcome here no matter who you side with or which chain you consider to be the proper Bitcoin design.
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We made pocket editions of Satoshi Nakamoto's Bitcoin White Paper; now giving them away for FREE!

We made pocket editions of Satoshi Nakamoto's Bitcoin White Paper; now giving them away for FREE! submitted by valkenburgh to Bitcoin [link] [comments]

Word Cloud: The Original Satoshi Nakamoto Bitcoin White Paper

Word Cloud: The Original Satoshi Nakamoto Bitcoin White Paper submitted by anirgu to Bitcoin [link] [comments]

Satoshi Nakamoto's Bitcoin White Paper

submitted by litecoin-p2pool to Bitcoin [link] [comments]

Satoshi Nakamoto's Bitcoin white paper read by Stefan Molyneux

Satoshi Nakamoto's Bitcoin white paper read by Stefan Molyneux submitted by freedomain_radio to Bitcoin [link] [comments]

Word Cloud: The Original Satoshi Nakamoto Bitcoin White Paper

Word Cloud: The Original Satoshi Nakamoto Bitcoin White Paper submitted by NYCBTCLove_87 to Bitcoin [link] [comments]

If someone says "Bitcoin is a solution looking for a problem, it doesn't solve any problem", THIS is the only answer.

I see this brought up here all the time and people just keep giving some made up problems that Bitcoin is supposed to solve. They're all wrong.
Bitcoin was invented to solve one problem, that's it. Since computers were invented, nobody was able to solve this problem.
Satoshi made laid it out there plain and simple in the main abstract of the front page of the Bitcoin white paper. Bitcoin solved a problem called the Double spending problem.
In a nutshell:
"The problem of course is the payee can't verify that one of the owners did not double-spend the coin. A common solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending. After each transaction, the coin must be returned to the mint to issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent. The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank." - Satoshi Nakamoto
In the computer science world, it was thought impossible to have distributed consensus without a trusted third party. This is why, before Bitcoin, there has never been a successful digital value transfer mechanism that was also peer to peer and decentralized. We never had a native internet payment protocol because nobody could solve the double spending problem.
"We propose 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 proof-of-worker. As long as a majority of CPU proof-of-worker is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure." - Satoshi Nakamoto, Bitcoin White Paper Abstract, 2008.
That's it. That's the simple and true answer.
submitted by Godfreee to Bitcoin [link] [comments]

Satoshi not only forsaw the 51% attack, but said that its not a problem by design. All this talk of changing the proof of work method isn't sitting well with me.

quote:
"The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth."
--Satoshi Nakamoto
Bitcoin white paper.. http://bitcoin.org/bitcoin.pdf section 7 last paragraph.
There has been a lot of talk lately about changing bitcoin protocol and doing away with asics. I hope others will join me and speak out against this idea.
Part of the idea behind bitcoin is that the rules were defined before it was started. An entire industry has sprung up around this idea and millions have been invested. Changing the proof of work would essentially alienate the entire mining community and what more, piss every single one of them off royally. The only possible outcome of this is to destroy bitcoin by making it ok to just change it anytime they want. Whats more if its not already clear, if that were to happen, I for one would be done with bitcoin and would in my mind be dead. How can I trust something where the rules can be changed at any time.
Am I the only one here? Discuss.
submitted by jhansen858 to Bitcoin [link] [comments]

Help me understand bitcoin value

New to crypto, haven't invested yet and am doing my diligence to learn. Read Satoshi Nakamoto's bitcoin white paper: coins made of digital signatures, P2P network using proof of work, rules and incentives enforced with consensus mechanism. Still trying to wrap my head around where the value of cryptocurrencies come from. Can I get some help from the wise?
submitted by calicojack617 to BitcoinBeginners [link] [comments]

2018 Global Blockchain Trend Report

2018 Global Blockchain Trend Report
October 31, 2018, Professor Gong Yan (from CEIBS) and Daling Research jointly released the 2018 Global Blockchain Trend Report, which was the first trend report in this field. The report gave the theme of blockchain development in 2018: "Contrarian Growth" and analyzed the development direction of the blockchain industry from basic layer, application layer and the ecolayer. Through this report, we would like to express our gratitude to the 10th anniversary of the release of the Satoshi Nakamoto Bitcoin White Paper.Read the full link to the 2018 Global Blockchain Trend Report:https://link.medium.com/j9xy2U5biU?fbclid=IwAR1TA6q3ZdkCY-fECef5l8qVYBeQWX4r7VsOrla86ZfVYkZTSnXhgzjwYyA

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submitted by Daling2018 to BlockChain_info [link] [comments]

Debit Cards are going to scale Bitcoin and take Bticoin mainstream.

While the system works well enough for most transactions ... Satoshi Nakamoto, Bitcoin white paper.
 
In this example we're going to effectively scale Bitcoin to 17 MB blocks using mainstream credit/debit cards.
 
LET'S BUY 50 COFFEES ($2 EACH)
 
Using a (Xapo) Debit Card
You got, bought or mined bitcoin: 1 on-chain transaction (for example to your Trezor)
You send $100 worth of bitcoin to Xapo: 1 on-chain transaction.
Xapo sends your $100 worth of bitcoin to their main address: 1 on-chain transaction.
Xapo probably sells a large amount of bitcoin a few times a day but let's neglect that.
So 3 on-chain transactions.
Xapo is about 3% more expensive than Kraken, so a 6 cents fee per coffee: comparable to 1 on-chain bitcoin transaction.
So we can buy 50 coffees with 3 on-chain transactions and the same fee as on-chain transactions.
 
Using a Bitcoin Wallet
To buy 50 coffees you have to pay about a 6 cent fee per coffee and need to make 51 on-chain transactions!
 
Using a Lightning Network
Could someone explain how that would work if you buy your coffees at many different previously unknown places?
 
The only difference between a debit card and a bitcoin wallet is that you have to trust the company with $100 of your money (50 coffees). A very acceptable risk if it's a well funded company making a healthy profit from transaction fees. For that small sacrifice we effectively scaled Bitcoin to 17 MB blocks (=51/3 MB).
submitted by sumBTC to Bitcoin [link] [comments]

ANN: Arionum (ARO)

We would like to proudly announce Arionum, a new cryptocurrency built from scratch!
Introduction
Arionum was designed with the future in mind, in a market where the growth beats all expectations. Arionum aims to offer a secure electronic payments system that is able to scale without a degraded performance or a degraded user experience. It offers a fixed 0.25% fee on all transactions and it has a dynamic transaction limit per block, allowing it to keep up with a growing number of transactions at all times.
One of the main advantages of Arionum is that it was fully written from scratch in PHP, one of the most popular programming languages in the world. While php is not as fast as c++. for example, the high number of developers that can easily understand and develop PHP and the Arionum compensates for this. The main inspiration has been Satoshi Nakamoto's bitcoin white paper, but all the code has been thought and written by the developers to keep it's originality.
Arionum has been thought as a democratic and egalitarian coin, having no pre-mined coins, long mining period, no developer fees and an algorithm that advantages the average user with available CPU resources rather than mining farms.
Original Announcement: https://bitcointalk.org/index.php?topic=2710248.0
Specifications
Name: Arionum
Symbol: ARO
Block time: ~ 4 minutes
Mining reward: Starts at 1000 and decreases by 10 each 10800 blocks
Mining time: 8 years and 4 months
Premine: NO Premine
Transaction fee: Always 0.25%
Block Hash: sha512
Mining algorithm: Argon2i + SHA512
Total coin supply: 545.399.000
Signature Algorithm: ECDSA's secp256k1 curve
DB Backend: MySQL / MariaDB
Whitepaper: https://www.arionum.com/wp.pdf
Roadmap
Download links
Official links
Official website: https://www.arionum.com
Block explorer: https://arionum.info
Forum: https://forum.arionum.com
FAQ: https://forum.arionum.com/viewtopic.php?f=13&t=11
Social networking
Twitter: https://twitter.com/ArionumCrypto
Discord: https://arionum.info/discord/
Pools
Official Pool: http://aropool.com
submitted by AroDev to Arionum [link] [comments]

Satoshi Nakamoto Mentioned Trust Minimization 14 Times in the Bitcoin White Paper

Satoshi Nakamoto Mentioned Trust Minimization 14 Times in the Bitcoin White Paper submitted by Donald-TokenHash to Bitcoin [link] [comments]

Satoshi Nakamoto Mentioned Trust Minimization 14 Times in the Bitcoin White Paper

Satoshi Nakamoto Mentioned Trust Minimization 14 Times in the Bitcoin White Paper submitted by MetallyRetarded to BITCOIN_INDIA [link] [comments]

Satoshi Nakamoto Mentioned Trust Minimization 14 Times in the Bitcoin White Paper (x-post from /r/Bitcoin)

Satoshi Nakamoto Mentioned Trust Minimization 14 Times in the Bitcoin White Paper (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

We are glad to announce the listing of Bitcoin Satoshi Vision (BSV)Rocket Bitcoin Satoshi Vision is the protocol aimed to follow the vision of Satoshi Nakamoto’s white paper

We are glad to announce the listing of Bitcoin Satoshi Vision (BSV)Rocket Bitcoin Satoshi Vision is the protocol aimed to follow the vision of Satoshi Nakamoto’s white paper submitted by thacypha to bitcoinsv [link] [comments]

Bitcoin SV is the only Bitcoin protocol that follows the vision set out by Satoshi Nakamoto’s white paper in 2008 - Bitcoin: A Peer-to-Peer Electronic Cash System.

submitted by thacypha to bitcoinsv [link] [comments]

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think?

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think? submitted by The-Crypto-Portal to BitcoinSerious [link] [comments]

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think?

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think? submitted by The-Crypto-Portal to BitcoinCA [link] [comments]

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think?

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think? submitted by The-Crypto-Portal to bitcoin_uncensored [link] [comments]

'In 8 days, it will be the 10th birthday of the Bitcoin White Paper released by Satoshi Nakamoto on October 31, 2008. I looked for a nice poster of it and I found some cool layouts on internet but no one was in the style I wanted, so I did a layout by my own' * X-post

'In 8 days, it will be the 10th birthday of the Bitcoin White Paper released by Satoshi Nakamoto on October 31, 2008. I looked for a nice poster of it and I found some cool layouts on internet but no one was in the style I wanted, so I did a layout by my own' * X-post submitted by zcc0nonA to CryptoCurrency [link] [comments]

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think?

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think? submitted by The-Crypto-Portal to CryptoMarkets [link] [comments]

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think?

A review of the original Bitcoin White Paper by Satoshi Nakamoto. This was obviously the genesis of the crypto revolution. What do you think? submitted by The-Crypto-Portal to CryptoCluster [link] [comments]

The Bitcoin White Paper (By Satoshi Nakamoto) Satoshi Nakamoto's Bitcoin Whitepaper - Explained and ... The Original Bitcoin White Paper by Satoshi Nakamoto (Audiobook) The Original Bitcoin White Paper by Satoshi ... Who Is Satoshi Nakamoto?

Satoshi Nakamoto ist der Gründer von Bitcoin und der ursprüngliche Autor des Original Bitcoin Client.Er sagte in einem P2P Foundation Profil, dass er aus Japan kommt.Abgesehen davon gibt es kaum Informationen über seine Identität. Er hat seit 2007 an Bitcoin gearbeitet. Das Bitcoin Whitepaper von Satoshi Nakamoto. Es dürfte nur wenige Schriftstücke des 21. Jahrhunderts geben, die mit so wenig Seiten einen so großen Einfluss hatten wie das Bitcoin-Whitepaper von Satoshi Nakamoto. Erstmals in deutscher Sprache auf bitcoin.de! Als PDF herunterladen Online betrachten. Satoshi hat in einer Mail in der Cryptographie Mailing List am 1. November 2008 ein ... Satoshi Nakamoto. Info. About; Contact; Resources. Bitcoin Whitepaper; Stats; Search; Bitcoin Whitepaper. Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is ... Bitcoin White Paper – Satoshi Nakamoto. Bitcoin: A Peer-to-Peer Electronic Cash System. Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to ... Das Bitcoin-Whitepaper wurde 2008 von Satoshi Nakamoto in einer Mailingliste veröffentlicht und trug den Titel: „Bitcoin: A Peer-to-Peer Electronic Cash System“. In der Mail wurden auf ...

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The Bitcoin White Paper (By Satoshi Nakamoto)

Satoshi Nakamoto (中本哲史, Nakamoto Satoshi?) is a person or group of people who created the Bitcoin protocol and reference software, Bitcoin Core (formerly known as Bitcoin-Qt). In 2008 ... Bitcoin: A Peer-to-Peer Electronic Cash System Satoshi Nakamoto [email protected] www.bitcoin.org Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent ... The identity of Satoshi Nakamoto, creator of Bitcoin, has been a mystery ever since the publication of bitcoin's white paper. Up until today, nobody has solid proof of Satoshi Nakamoto's real ... The #Bitcoin White Paper (By Satoshi Nakamoto) Narrated by The #Cryptocurrency Portal on Friday May 31st, 2019 #Bitcoin: A Peer-to-Peer Electronic Cash System For those that are better audio ... Bitcoin Cash White Paper Audio Version - Duration: 19 minutes. 98 views ; 2 years ago; 2:04. Is this evidence that Satoshi Nakamoto is Block One, the creator of Bitcoin? You decide by watching ...

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