Post
Topic
Board Bitcoin Discussion
Re: The mystery called Bitcoin
by
wheelz1200
on 08/01/2025, 03:47:36 UTC
Speaking from my own limited knowledge, the whole idea of btc is still a mystery to me till this day, with it's first Blockchain mining in 2009, it's amusing how this journey has gone thus far. In 2008 when traditional financial institution have low trust, the founder (Nakamoto Satoshi) came up with a way to carry out financial transactions not based on trust, that is to say, eliminating a trusted third party, thus coming up with a per-to-per kind of transaction based on proof-of-work so as to create a safe and secure transaction without the involvement of a third party.
It all started like a joke and then it evolved to what we have today, I remember the pizza incident 2010, although, it marked the first significant use of BTC for commercial purposes but it also shows how far this wonderful gem has come.
Built on a Blockchain by a mysterious individual who isn't exactly doxed, today alot of us has acquired wealth from it, gained financial freedom and even retired thanks to it, BTC is really to me a wonder and a mystery.

Make no mistake this was never a joke.  This has been tried extemsively over the years but couldnt solve the double spend issue.  Satoshi's theory on majority and good and bad actors have held true to date and now has gotten too large to flop really.  Why do you say this started as a joke?