The creator of the Bitcoin network, Satoshi Nakamoto, published the first forum post on the P2P Foundation website 13 years ago. The post, titled “Bitcoin Open Source Implementation of P2P Currency,” introduced the cryptocurrency system to members of a research and advocacy forum focused on peer-to-peer dynamics in society.

Post first in the forumIntroduce Bitcoin

In February 2009, Satoshi Nakamoto introduced himself three times White paper (white paper) and the Bitcoin open-source code base. The February 11, 2009 event marked the first time that Bitcoin’s creator publicly announced the project on the P2P Foundation forum. Earlier in the same month, Nakamoto used an email system connected to a cryptographic mailing list hosted on metzdowd.com.

CLEARFirst post in the introductory forum of the Bitcoin network to do Satoshi Nakamoto published on 11/02/2009

The introductory forum post is pretty catchy, and the inventor also left a link to the first version of the software. Nakamoto wrote 13 years ago:

“I have developed a new open source P2P cryptocurrency system called Bitcoin. It is fully decentralized with no central server or required trusted parties as everything is based on cryptographic proof rather than trust. Try it out or check out screenshots and design documentation.”

The first forum post described in great detail and explained the inventor of Bitcoin using common currencies.

“The root problem with traditional currencies revolves around the trust it takes to make them work. One has to assume that banks don’t devalue currencies, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend in waves of credit bubbles with only a fraction of the reserves.

We put our privacy in their hands and trust them not to let identity thieves drain our accounts. Their enormous overhead makes micropayments impossible.”

Nakamoto: “I think this is the first time weone try a decentralized system without heart believe”

Anyone who reads the first forum post written by Satoshi can understand that the inventor is trying to get more people to experiment with the Bitcoin network in its early days. The forum post was not responded to until the next day and one person was named Sepp Hasslberger Be the first to do it.

“Great. This was the first real monetary innovation since the Bank of England started issuing promissory notes for gold in vaults then known as paper money. I think an open source currency has great potential. Something like Google has become the default search engine for many of us.”

Several other people in the post talked about “old Chaumian-centric money things” and how crypto projects like e-gold have failed in the past.

Satoshi answered a few questions below the post, noting that “old Chaumian-centric money things” were the only ones available at the time. The inventor of Bitcoin reminded P2P Foundation members that the Bitcoin protocol is decentralized and completely different. Nakamoto replied to one of the replies on February 15, 2009:

“Obviously, many people see cryptocurrencies as the cause of failure as all businesses have failed since the 1990s. It is clear that the centralized control nature of these systems has self-destructed. I think this is the first time that we have a decentralized, try a trustworthy system.”

The question Question from Sepp Hasslberger

On February 18, Nakamoto returned to the topic to answer Sepp Hasslberger’s questions at the time. Nakamoto pointed out three interesting characteristics that the Bitcoin network is introducing and claimed that the coin will be in short supply.

“The network is a globally distributed database. Data is added to the database with majority approval based on a set of rules: One of them is whenever someone finds PoW to create a block, they get some new coins. . Second, the PoW difficulty is adjusted every two weeks to reach the goal of an average of 6 blocks per hour (for the entire network). Third, once a block is mined, the number of coins on offer is halved every 4 years – it can be said that coins are issued by the crowd. They are released in limited, predetermined quantities.”

There is no doubt that Satoshi Nakamoto’s electronic money system was successful. After 13 years, 18,954,937 Bitcoins have been issued out of a maximum total supply of 21 million to date. Bitcoin’s market cap is now over $800 billion, and since its inception on January 3, 2009, the network has performed well with an availability rating of 99.98713391230%, according to Cointelegraph. Buy bitcoin worldwide. Nakamoto’s invention also fueled the creation of thousands of other coins, and today there are 12,525 coins in the crypto economy.

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