Behold the Bitcoin, the original cryptocurrency; whether you're a skeptic or a bitcoin believer, get the lowdown on this controversial coin.
The Mystery of Bitcoin
Bitcoin is regarded as the world’s exceptional and most influential cryptocurrency, nonetheless its production is still surrounded by countless mystery. Since it was established in 2009, Bitcoin has encountered major highs and lows. In both its prominence and availability, Bitcoin has expeditiously evolved as an online payment mechanism. It is inconceivable and beyond belief that one who has created such a universal innovation remains entirely anonymous. Can such an extravagant, leading universal invention be created and yet the enigmatic inventor’s true identity remains entirely unidentified? Who could have established Bitcoin? Was it set up by one person? And who is Satoshi Nakamoto?
Have your parents ever controlled your finances? Asking you to hand over that money your aunt gave you as a birthday present, tears in your eyes, your hands in a tight fist, heartbroken and fuming at the injustice they are meting out to you? You were 11 but somehow your parents refused to acknowledge that you’re grown, and ready to take on the world with your growing piles of cash.
WHAT REALLY HAPPENED
June 1, 2010: I staggered a little as I left the bar with more than a slight buzz and a bottle in my hand. Unfortunately, the alcohol wasn't enough to make me forget everything that had happened earlier that day before my wedding.
The Mystery Of Bitcoin
Bitcoin has recently become widely attractive to investors, companies, and every day citizens alike. Millions of people are taking a second look at the first decentralized cryptocurrency. Just as many people have been helping the value of a bitcoin soar to unprecedented and staggering highs. Once traded at less than a single penny, it is currently being bought at nearly $48,000. The creator of this open source code with the first blockchain must have made an unfathomable and obscene of money, right? Believe it or not, the first million bitcoin they mined have been untouched in multiple bitcoin wallets. They introduced their white paper on Halloween day of 2009. Easily described as all bit and no coin, bitcoin did not materialize out of thin air as it may seem.
Buying Control Of Money
I first found out about Bitcoin a few years ago. I do not recall the exact year I have heard of Bitcoin; that goes to show you that Bitcoin meant nothing to me, and I had no desire to partake in another form of digital transactions. Do not get me wrong. I am a very open-minded person, and I am willing to try anything that sparks an interest. The thing is I never took the time to research Bitcoin because I did not come across enough sources at the time and there was no word-of-mouth that could provide me with information or testimonies.
Bitcoin Origins, Operations, Happenings, Objectives and Offerings (uh, BOOHOO for short?)
Who? The first thing that should be covered is, “Who came up with Bitcoin?” followed by, “Who actually gives a darn about Bitcoin?” The answer to the first question is complicated, but in short involves the name Satoshi Nakamoto. Anyone wanting to honor the founder(s) of Bitcoin should know that name, and it matters because nobody really knows for sure who Satoshi Nakamoto really is. The name is universally considered a pseudonym (meaning it is very likely not the real name of whoever came up with Bitcoin.) Maybe the real Satoshi Nakamoto is the guy who was supposedly handed over the keys to Bitcoin shortly before Satoshi Nakamoto was never heard from again (Popper, 2016).
The Death and Rebirth of Satoshi Nakamoto
Life is cyclical, and Bitcoin was born of my death. Call me Satoshi Nakamoto. Many say it is not my real name, or that perhaps that I am not real. But the name becomes more real every time you say it. Furthermore, the more real it becomes, the more real I become, for I am but a ghost, the ghost in the machine, if you will. I am as real as any ghost; but for most people the reality of ghosts is a fleeting thing. You believe for a moment, then doubt creeps in and you are reminded that “there is no such thing”. So you move on, nevertheless slightly shaken and creeped out. The ghost, as quantum theory has come to show us, becomes that much more fragile in its reality. And yes, I am fine with the pronoun “it”, though I am still working on a preference in my current realm. But you must hang onto me, which is a pronoun to which I am very attached.
The Birth of Bitcoin
Satoshi clicked between the listing of a train from Japan and a train from England. While he preferred the black and red colored, steam train from England, he could purchase the green, steam train from Japan for cheaper thanks to the lower exchange rate. He stared at his computer screen; his cheek rested on his balled fist as he narrowed his onyx eyes in frustration.
Dreams Fulfilled at Grab a Byte Cafe
Jason Ishotas frequented Grab a Byte Cafe on a regular basis. Gamers and geeks of all kinds congregated there to network and share code with website developers. Grab a Byte hosted weekly Zoom calls featuring some of the most prolific gamers in the industry and online tournaments drew capacity crowds on the weekend. After leaving his 8 am to 5 pm gig at a big box store, Jason often dropped in at the Cafe to learn the latest trade tricks and to look for collaborators on an innovative idea. Unfortunately, none of his acquaintances in the cyber community bought into his endeavor to upend the financial world. They believed his dream to be foolhardy and a complete waste of time. People preferred to hold cash in hand...to have something tangible...to know that a local bank stored their wealth. They also thought cyber money to be more suitable for buying items in Minecraft not in the real world of commerce. No one in his personal circle supported his vision until Mia Sato walked into his life.
Beyond the Bit
“Have you ever wondered what lies beyond that 1 and 0?” Satoshi Nakamoto glares at you through his copper-tinted glasses in anticipation of an answer. His cheeks are hollow and silver streaks sift through his hair. Tea drops stain his corduroy pants and a broken clockface reflects his psyche. You knew Mr Nakamoto to be esoteric, but even this question felt a little out of left field.
Who is Mr. Gold
The financial markets have been experiencing much instability for many years now but to really understand why this was spurred on a new liberational movement of digital currency, we must first go back to before it all started.
The Polymath of the 21st Century
31 October 2022: As many of you will be aware, I am currently inhabited on Lunar StationX pursuing sustained, long-term life away from Earth and undergoing various preliminary trials, tests and experiments for interplanetary travel. Although we are still well and truly in the development stages, things are looking incredibly promising and we have much to share with you. However this is not why I am writing today...