Some things in Bitcoin are not up for debate.
The plural of bitcoin is also bitcoin, not bitcoins. (One Bitcoin, two Bitcoin, three Bitcoin…) Bits are a better subcategory of sats. (100 sats are actually one bit, like 100 cents equals one dollar; being a full coin user makes you the equivalent of a Bitcoin millionaire, because that means you have a million bits.) And October 31 is not Bitcoin’s birthday.
Bitcoin’s birthday is January 3. You say it there Block 0: 2009-01-03 19:15:05 GMT +1. On that day, Bitcoin’s blockchain technology was launched, with 50 newly created coins issued to Satoshi Nakamoto’s public key. (But the bitcoin creator couldn’t spend it according to the protocol’s rules; since Satoshi was the only person who could have created the genesis block, that would have effectively constituted an initial mining of 50 bitcoins.)
Yes, Bitcoin was first proposed by Satoshi’s white paper on October 31, 2008. But you don’t celebrate your birthday on the day your mother told your father she wanted to have a baby. Don’t celebrate it on the day your parents became pregnant, or the day you announced your existence to the world through a gender reveal party.
You celebrate your birthday on the day you were born, and the same applies to Bitcoin. January 3.
Happy Bitcoin White Paper Day.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
Comments are closed, but trackbacks and pingbacks are open.