Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money

Ten Years Ago The White Paper Changed the Way We Look at Money

On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of electronic cash.

Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation

The Bitcoin Whitepaper:
Eight Pages of Pure Innovation

The Bitcoin whitepaper is an essential read for anyone who wants to understand the innovation behind the first cryptocurrency network to be powered by a secure proof-of-work (PoW) system. There is nothing quite like Satoshi’s whitepaper or the Bitcoin network itself, even though a myriad of similar protocols and whitepapers have popped up over the past decade. Rather than having a centralized third party, Satoshi’s paper describes a “system based on cryptographic proof instead of trust.”

“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,” he said to anyone who would listen on a cryptography mailing list.

Staving Off the Byzantine General

However, unlike the droves of theoretical papers written about online currencies before Bitcoin, the original whitepaper captured the essence of the entire network, well before it launched on Jan. 3, 2009. Since then we have seen this grand digital asset experiment play out, as the technology has gained value and mainstream attention over the years.

Ten Years Ago Today, the White Paper Changed the Way We Look at Money

We’ve seen the power of Nakamoto consensus create a computational system that has shielded any attempts at a “Byzantine Generals’ attack” for 10 years. “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,” Satoshi said in the renowned document.

He also reassured the reader by stating:       

The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.

The Bitcoin whitepaper has since changed the lives of many people. For the first time, internet-based commerce did not have to rely on financial institutions to process electronic payments. Many bitcoiners will tell you it’s been a long run, with many market fiascos and interesting developments along the way. But even after 10 years, they will also assure you that we are still at the beginning of the financial revolution ignited by the technology we all love.

Ten Years Ago Today, the White Paper Changed the Way We Look at Money
The first encounter with Satoshi 10 years ago on Oct.31, 2008. 

Birth of a Network

Despite the warnings of financial bigwigs like Warren Buffet over the years, as well as countless horrible economists, Bitcoin is definitely still alive and well. For example, Alejandro de la Torres, the vice president of business operations at BTC.com, holds a very different opinion about the technology than the likes of traditional bankers such as Jamie Dimon. The BTC.com executive believes that Satoshi’s protocol is one of the most revolutionary computational consensus models that society has seen to date.   

“Bitcoin’s PoW algorithm has proven to be the most successful consensus model, and I believe it is the best way forward for decentralized consensus systems. It provides a strong economic incentive for miners, while automatically adjusting difficulty to maintain long-term mining incentives,” he recently explained to news.Bitcoin.com.

Ten Years Ago Today, the White Paper Changed the Way We Look at Money

After 10 years, the whitepaper has shown us that the protocol is robust and the system continues to grow stronger as each day passes. Seven days after publishing the whitepaper, Satoshi said society “would not find a solution to political problems in cryptography.” However, that week the creator did stress on the cryptography mailing that Bitcoin could still win a “major battle,” while gaining a “new territory of freedom for several years.”

Bitcoin.com keeps an archived version of the Satoshi Nakamoto whitepaper here.

What do you think about the Bitcoin whitepaper? How did you feel when you read Satoshi’s words for the first time? Let us know what you think about this subject in the comments sections below. 

Images via Shutterstock, Jamie Redman, and Pixabay.

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The post Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money appeared first on Bitcoin News.

PR: aXpire Acquires BlockchainWarehouse (BCW)

aXpire Acquires BlockchainWarehouse (BCW)

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

aXpire Acquires BlockchainWarehouse (BCW)

aXpire, a leading blockchain fund solutions company, has announced the acquisition of BlockchainWarehouse (BCW), a blockchain accelerator and leading token sale product developer. aXpire has made the acquisition to bolster the strength of its in-house blockchain talent and add a new product offering to its technology suite. BlockchainWarehouse offers a crypto-to-crypto gateway that aXpire has rebranded as “CoinBX” (pronounced “coinbox” or “coinbox blockchain exchange”), which will allow aXpire to offer AXPR purchases directly through its web applications, Resolvr and MatchBX. Clients will be able to buy AXPR with Bitcoin, Bitcoin Cash and Ether through a simple button on each product. This AXPR will be made available from existing tokens sold through exchanges.

CoinBX is another spoke in the “hub and spoke” Enterprise Resource Planning (ERP) software suite that aXpire is building out to make blockchain solutions a reality for businesses looking to become more profitable. CoinBX was originally used as a token sale platform, which aXpire will maintain, but will now also offer a discount or bonus to those using AXPR on the platform. In addition, the platform will be expanded into a crypto-to-crypto gateway, with part of the platform license fees payable in AXPR and burned. This new product means aXpire will be able to offer “Buy AXPR” buttons on its software, which will reduce the friction required for businesses and other customers to buy AXPR. This software represents the first aXpire venture into payments, and will serve as another building block in an ecosystem intended to encourage businesses to adopt blockchain.

The acquisition will also transfer all of BlockchainWarehouse’s clients to aXpire, allowing aXpire to create blockchain funds to share with its institutional investor database. These funds will utilize aXpire’s Resolvr software, and will allow investors a way to buy a diverse basket of blockchain projects with AXPR or fiat. Both methods of buying blockchain funds would end up utilizing AXPR and would provide another use case for the token.

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Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business

Bitcoin Trader Faces Five Years in U.S. Jail for Unlicensed Money Transmitting Business

Bitcoin trader Jacob Burrell-Campos pleaded guilty this week in a U.S. federal court to operating an unlicensed money transmitting business. The 21-year-old San Diego native is now awaiting sentencing and faces a maximum of five years in jail.

Also Read: How to Easily Give BCH as Gifts in Halloween Trick-or-Treat Packages

‘Serious Threat’ to US Banking System

Bitcoin Trader Faces Five Years in U.S. Jail for Unlicensed Money Transmitting BusinessBurrell was arrested in August while trying to cross the border from Mexico. He was apprehended for trading crypto to fiat with over 1,000 people in the U.S. since January 2015, without any anti-money laundering safeguards in place. According to his plea bargain agreement, Burrell now admits to operating an unregistered exchange and has agreed to hand over more than $800,000 to the government.

“Unlicensed money transmitting businesses, especially those operating at or near the border, pose a serious threat to the integrity of the U.S. banking system, and provide an ‘open door’ for criminals to utilize such businesses to launder the proceeds of their illicit activities,” said U.S. attorney Adam Braverman. “The Department of Justice (DOJ) will continue to investigate and prosecute all individuals and businesses that seek to evade the licensing and anti-money laundering requirements under federal law.”

How It All Went Down

Bitcoin Trader Faces Five Years in U.S. Jail for Unlicensed Money Transmitting BusinessAccording to the DOJ, Burrell advertised his services on Localbitcoins and privately offered to sell bitcoin to people with no questions asked, in exchange for a 5 percent markup over the going rate. He initially purchased the cryptocurrencies he sold from Coinbase, but his account was closed due to the large number of suspicious transactions he had conducted. Undeterred, he turned to Bitfinex in March 2015 and bought about $3.3 million worth of bitcoin from the exchange over a period of just over two years.

As part of the plea deal, Burrell also admitted he had exchanged his dollars, which he kept in Mexico, with Joseph Castillo, a San Diego-based precious metals dealer. This amounted to importing more than $1 million in fiat on almost a daily basis between late 2016 and early 2018, according to the DOJ. He admitted this was intentionally done in multiple transactions, each with an amount slightly below the minimum $10,000 reporting requirement.

Does Burrell really pose a serious threat to the integrity of the U.S. banking system? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

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Ripple首席執行官Brad Garlinghouse在爲期兩天的Swell會議上宣布,它將由支付提供商Mercury FX和Cuallix以及合作金融公司Catalyst Corporate Federal Credit Union使用。

據悉,Mercury FX主要是幫助客戶發送和接受國際付款,Cuallix則促進美國與墨西哥之間的彙款,而Catalyst Corporate Federal Credit Union爲大約1400個信用合作社提供一系列金融服務,主要在美國西部和西南部。

Coindesk報道稱,過去也有其他公司嘗試使用xRapid,包括Wester Union、Money Gram等,到目前爲止,初創公司尚未公開宣布任何銀行試行xRapid,並表示大型銀行不太可能是第一個測試或使用它的銀行。不過Ripple高層稱他們仍與其中部分人保持合作關系。





兩週前,Ripple亞太和中東監管關系負責人Sagar Sarbhai告訴CNBC,他“有信心”xRapid商業應用的消息將在“下個月左右”公佈。






Pay FX的彙款服務,可讓用戶進行當日國際轉賬。

Ripple週一公佈的數據顯示,該公司第三季度註冊的網絡客戶數量較2017年同期翻了一番- 目前已超過120家。其業務合作夥伴遍布40多個市場。Ripple還表示,其員工總人數幾乎翻了一番,接近300名員工。不過它沒有披露任何財務數據。


  • 發表言論僅代表其個人觀點,僅供學習交流!不會主動提供任何交易指導,亦不會收取任何費用指導交易,請讀者仔細甄別,謹防上當。
  • 從1小時圖看,價格形成了一個平台,均線在下方構成支撐,而趨勢線在6650美元,如果現在發起攻擊,需要突破趨勢線才能帶動買盤入場,但是面臨了頂背離的壓力,需要持續放量收出陽線。所以這裏如果再繼續橫盤震蕩,也許更安全,但要看多頭主力的信心了,反正不突破帶來的壓力都一樣大。

XBT-USD 10-05 6:40 1小時圖

  • 60分鍾是一個平台整理,面臨上軌壓力,要突破需要帶量長陽;120分鍾在中軌得到支撐,任務是變軌,如果成功,多頭趨勢將會延續;240分鍾尚未突破中軌,處於等待和觀望中;日線則是在中軌下方蓄勢,一切都看60分鍾的破軌之旅了。

XBT-USD 10-05 6:40 多周期圖




眾議員Doris Matsui以及Brett Guthire,向眾議院提交了法案HR6913,其旨在推動設立“2018區塊鏈促進法”。據了解,如果國會順利通過該法案,並將其簽署成爲正式法律,那麽政府將會依照法案要求建立一個專項工作小組,研究“基於共識的區塊鏈定義”。




據悉,上述兩位議員與其他議員共同提出了促進區塊鏈發展的法案。上個月,國會議員Tom Emmer提出了三項法案,旨在支持開發區塊鏈技術,不過嚴格來說,這些法案更加側重於加密數字貨幣。

2018-01-31 比特幣市場財經資訊

2018-01-31 11:33

來源: 火幣網 Huobi.pro

幣市有風險, 入市須謹慎!




台客比特幣資訊網電子報訂閱功能 在 2017-12-24 聖誕節前夕開始提供服務了!

2017-12-24 23:30

台客比特幣資訊網(https://www.btctw.com.tw) 電子報訂閱功能 在今天 2017-12-24 聖誕節的前夕開始提供服務了!


2017 聖誕快樂! 

幣市投資順利, 財源廣進!

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台客比特幣資訊網(BTC/BCH/BCC Taiwan) 提供大家台灣、大陸及國際比特幣產業鏈綜合產業資訊

2017-12-24 23:00


台客比特幣資訊網(BTC/BCH/BCC Taiwan) 


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當地時間1號下午,委內瑞拉總統馬杜羅宣布,由委內瑞拉政府發行的數字加密貨幣“石油幣”將於11月5號正式開放向公眾出售。當地媒體El Nacional報道稱,這一加密貨幣可以通過特殊政府門戶網站petro.gob.ve和該國其他六個交易所中使用委內瑞拉法幣購買。馬杜羅在當天舉行的“委內瑞拉國家數字貨幣監管中心”開幕儀式上說,即日起,石油幣官網平台已向所有用戶開放註冊,並可在註冊後建立“個人電子錢包”。





另外,福布斯新聞報道,中國是有意投資Petro的133個國家之一。今年四月,委內瑞拉加密相關活動負責人Carlos Vargas報告說,由中華人民共和國大使館和監管局代表組成的小組在加密管理機構總部召開會議,以支持石油幣。從這個意義上來說,中國信用評級機構大公國際信用評級集團認爲,Petro支持石油,天然氣和黃金信貸,打破了數字貨幣的虛擬性和信用基礎的缺乏。