Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
very good post. now do the same thing with "blockchain" and i rain merits on you.
Blockchain that should be easy one...
Blockchain is fairly new concept too but older than cryptocurrency for sure. Even the WikiPedia page of the Blockchain it self was created on 9 October 2014 . But as far as Bitcoin and Satoshi Nakamoto is concerned he never mentioned his transaction ledger as blockchain (not in his whitepaper at least). So this claim of the Wikipedia page isn't so true "The blockchain was invented by a person (or group of people) using the name Satoshi Nakamoto in 2008". Yes he did presented the idea of "blocks" and "chains" but he never called it a "Blockchain". He mentioned it as "chain of digital signatures", "proof-of-work chain" and he did mention it one time as "chain of blocks" but that's too in totally different context.
Oxford University added the word "Blockchain" to it's dictionary in 2015 as a noun and defined it as "A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly."
But since I want to keep my discussion around Bitcoin so here you go, the domain name https://www.blockchain.com was created on: 2011-03-08 and it was created by a founding member of Coinbase, no not Satoshi Nakamoto but someone named "Ben Reeves".
What google trends says about "blockchian"? as expected almost zero results before the creation of Wikipedia page and that was in 2014.
More strange google have only 179 results for the word "blockchain".
Enough about the word blockchain lets get back to the concept, yes Satoshi Nakamoto did invent this concept and he did mention the word "block chain" in his posts here on bitciontalk too
I think it would be possible for BitDNS to be a completely separate network and separate block chain, yet share CPU power with Bitcoin. The only overlap is to make it so miners can search for proof-of-work for both networks simultaneously.
In such discussions many seniors have been using the term "blockchain" as one word, that includes "Hal Finney" and "theymos" too.. to my search i found this user "MoonShadow" who used this term in the way we know
(there are no actual cryptocoins in your wallet, they exist only as a series of entries into an encrypted ledger we call the blockchain, more like writing a check than actual coins)
Conclusion:
- Satoshi Nakamoto is indeed the inventor of the concept "blockchain".
- Originally it was "block chain" later became one word as a noun we know today "blockchain".
- Satoshi Nakamoto invented the concept "block chain" in 31 October 2008
- Birth of the word "blockchain" happened on this forum bitcointalk around 2010