Quote from: ranochigo on July 07, 2021, 03:18:38 PM

Not really. The idea was actually born quite a bit earlier, in the late 90s. Just check the references that Satoshi made in the whitepaper. Bitcoin was never really treated as a scam, if you actually read the whitepaper then you'll know what's going on.

Satoshi didn't conceptualize the idea of it, he basically combined the various ideas; b-money, distributed ledgers, etc into Bitcoin AND made it work. I have no doubt that even without Bitcoin, Blockchain would've appeared sooner or later but without all the hype. Blockchain is mostly just a snakeoil. Corporations love to use it with their sentences, makes them sound cool and brings some nice PR.

Quote from: RainbowKun on July 07, 2021, 01:14:10 PM

Bitcoin was created by Satoshi Nakamoto like a pioneer. Before the birth of Bitcoin, there were also some related research and explorations of electronic money. Satoshi Nakamoto also explored them to some extent. However, the principle and implementation of Bitcoin itself are fundamentally different from them.

This isn't accurate. Satoshi consulted several people who conceptualized something similar. Check out B-money.

Quote from: RainbowKun on July 07, 2021, 01:14:10 PM

At the same time, from the first day of Bitcoin's birth, its code logic itself is almost complete and perfect, even impeccable.

Come on, check the code from the first iteration first. It is neither complete nor perfect.

Quote from: RainbowKun on July 07, 2021, 01:14:10 PM

Until today, Bitcoin has still not found any major loopholes, and the Bitcoin network has been operating stably for 12 years without major upgrades. This is almost a miracle in the history of software changes. It is precisely this that supports the entire prosperous crypto ecosystem.

Oh boy. This is wrong too.

Yes, there are some articles referenced in the Bitcoin white paper. I have read all these articles. But these materials are fundamentally different from the ideas expressed by Bitcoin itself. Satoshi Nakamoto magically combined some mature technologies and created Bitcoin from 0 to 1. The difficulty here is not to implement the Bitcoin code, the most difficult thing is to build the ideas and concepts of Bitcoin.

In the first five years or even ten years before the birth of Bitcoin, Bitcoin was only recognized by a very small number of geeks. In the eyes of most government agencies and ordinary people, it is a bubble and a scam. Until these two or three years, more and more people discovered that the Bitcoin network was almost destroyed or breached. The value of Bitcoin has been revealed to the world step by step. More and more people have begun to recognize Bitcoin. At the same time, the vast majority of people who buy bitcoin now do not understand the intrinsic value of bitcoin, they just want to make money from bitcoin.

In addition, what I call Bitcoin software is perfect from the beginning. The main point is that its core technical framework has not undergone major changes until now. Whether it is distributed nodes, encryption algorithms, or consensus mechanisms, Satoshi Nakamoto planned at the beginning of the white paper. It has not changed to this day. Of course, some minor code bugs must exist in the software development process, but this does not affect the perfection of the Bitcoin system at the beginning of its design.