#Bitcoin v0.1

[druidian]

Block 286 and Satoshi's Coins

Block 286 and Satoshi’s Coins

On Jan 14th, 2009, Satoshi Nakamoto sent me 25.0 BTC in a single transaction. The address that my wallet provided to receive the bitcoin was: 1DCbY2GYVaAMCBpuBNN5GVg3a47pNK1wdi I have previously published in 2013 the entirety of my email correspondence with Satoshi. The intent to send me “some coins” was documented in an email from “Satoshi Nakamoto <satoshi@vistomail.com>” on Jan 13th 2009 at…

[drewssam]

Upcoming Chainlink Staking Turns Analysts Bullish on LINK

The impending launch of Chainlink staking v0.1 on the mainnet, set for December 6th, has propelled the price of LINK upward. This staking feature, a key aspect of "Chainlink Economics 2.0," offers LINK holders opportunities to earn rewards by enhancing the security of Chainlink's oracle services.

Previously, users seeking LINK rewards had to establish their own nodes, but staking now offers a more accessible route to earning rewards, potentially driving demand for the cryptocurrency. Analysts anticipate heightened interest in Chainlink's role as an oracle service provider, contributing to LINK's recent price surge.

As of now, LINK is trading at $7.44, with a 2.1% decline in the past 24 hours. However, renowned crypto analyst Michael Van De Poppe suggests a potential turnaround. Poppe identifies LINK's current phase as accumulation, anticipating an upward breakout, particularly if it surpasses resistance at $9.25, potentially reaching $12.50 to $25. Nonetheless, Poppe notes that Bitcoin's performance will influence LINK's trajectory, as the market typically mirrors Bitcoin's movements.

Furthermore, the fallout from FTX's collapse may bolster LINK demand, according to David Gokhshtein, founder of Gokhshtein Media. Traders seeking transparency post-FTX debacle could turn to oracle services like Chainlink, potentially boosting LINK's value.

[ladookhotnikov]

Satoshi Nakamoto Began Scaling Bitcoin - The First Version of the Basic Program for Network Launch Was Released

On January 9, 2009, the first version of the Bitcoin Core v0.1 software was released, allowing users to create their own Bitcoin wallets and participate in the mining process, simultaneously supporting the operation of the entire network.

Satoshi himself also used this version to send and receive bitcoins.

Version 0.1 was the starting point for the entire system, but its functionality and security were improved in subsequent releases of the program to ensure more reliable and efficient operation of the Bitcoin network.

Users began creating their own crypto wallets, performing transactions and even participating in mining, maintaining the security and performance of the entire blockchain.

Thus, the world saw a completely new way of transferring digital currency without the participation of banks, intermediaries and other financial organizations. At the same time, Bitcoin created the so-called unexploded bomb effect.

Due to the uncertainty, Bitcoin was the subject of little attention in its early years, as in the early stages of its existence it seemed uninteresting and was used only by a limited number of enthusiasts. After all, they could neither pay for services nor buy goods in the store.

But time passed by...

[thesecrettimes]

Satoshi Nakamoto’s Seminal Bitcoin White Paper Turns 14 Today

 Furthermore, as a side effect, Satoshi’s creation spawned a new digital economy with more than 13,000 cryptocurrency assets, worth just over $1 trillion today.

Celebrating the 14th Anniversary of Satoshi’s Bitcoin White Paper

Presently, cryptocurrency and Bitcoin supporters are celebrating the 14th anniversary of Satoshi Nakamoto’s Bitcoin white paper. Bitcoin’s mysterious creator first introduced the white paper on metzdowd.com’s Cryptography Mailing List on Oct. 31, 2008, at approximately 2:10 p.m. (ET). The date marks the first time Satoshi shared the inventor’s vision and the first sentence Bitcoin’s inventor said was: I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. In the message, Bitcoin’s creator said that the invention offers a number of different properties. Bitcoin’s benefits include the prevention of double spending and there is “no mint or other trusted parties,” Satoshi said. The inventor also highlighted how bitcoins are minted via a “Hashcash style proof-of-work.” Satoshi added: The proof-of-work for new coin generation also powers the network to prevent double-spending. After introducing the main properties, Satoshi shared the abstract summary of the seminal Bitcoin white paper with a link to bitcoin.org, where the paper was hosted at the time. Satoshi did not communicate with the public again, until four days later, as the inventor published two more emails on Nov. 3, 2008. Both emails were introductions to the Bitcoin white paper, with a summary and URL linking to where the paper could be read. Satoshi wrote a total of 16 emails (some replies to James A. Donald) in 2008 before the network actually launched on Jan. 3, 2009.

‘A Solution to the Byzantine Generals’ Problem’

On Dec. 10, 2008, Satoshi’s last email before the network launched was a welcome post to the Bitcoin mailing list. After the network launched on Jan. 3, 2009, Satoshi did not communicate via the mailing list until Jan. 8, 2009, in a post called “Bitcoin v0.1 released.” In that thread, Bitcoin’s inventor shared the very first codebase release of Bitcoin when the creator said: Announcing the first release of Bitcoin, a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority. It is believed that Satoshi may have shared the codebase with others before the “Bitcoin v0.1 released” post was published. It is also commonly understood that Nakamoto helped kick-start the network during those early days. It is assumed that Bitcoin’s inventor mined between 750,000 to 1.1 million BTC before leaving the community in 2010. It is also assumed that Satoshi may have mined the cache of coins with a single PC. In addition to releasing the white paper on Halloween 2008, it was the first time academia and computer scientists were provided with a paper that solved the “Byzantine Generals’ Problem” or the “Byzantine Fault.” It also introduced the first academic paper that shows how triple-entry bookkeeping works, and Nakamoto knew it was a breakthrough invention when the inventor stated on November 13, 2008: The proof-of-work chain is a solution to the Byzantine generals’ problem. Not too long after the Bitcoin network launched, the idea of creating an alternative crypto asset network sprung to life. 14 years later since the white paper was published, there’s now more than 13,000 crypto assets in the wild today, worth $1 trillion in USD value. Other types of blockchain and crypto concepts now exist like smart contracts, decentralized finance (defi), and non-fungible tokens. Out of the $1 trillion in value within the crypto economy, Satoshi’s invention represents nearly 38% of the aggregate today. What do you think about Satoshi Nakamoto publishing the Bitcoin white paper 14 years ago on Halloween, 2008? Let us know what you think about this subject in the comments section below. Read the full article

[thegeekx]

Is This Satoshi Nakamoto’s Long Lost Earliest Version Of The Bitcoin Code?

Is This Satoshi Nakamoto’s Long Lost Earliest Version Of The Bitcoin Code?

The legend of Satoshi Nakamoto lives on. A bitcoin enthusiast that goes by Jim Blasko claims to have found “the lost Bitcoin v0.1 raw data and files.” Skepticism would be the normal reaction to outlandish claims like these, but here’s the kicker: the code is still in Soundforge. That is, Satoshi Nakamoto’s original code disappeared from search engines and was considered lost for ten years, but…

[bitrss-news]

#Crypto #News:

Bitcoiner claims to have found 'long lost Satoshi Bitcoin code' with personal notations According to Jim Blasko, he was able to uncover raw data and files from Bitcoin v0.1 including notations from Satoshi Nakamoto using "a little browser hacking." https://t.co/3BvTY622fn

— BitRss News (@RssBit) Oct 8, 2022

[nftcryptonews]

Bitcoiner claims to have found 'long lost Satoshi Bitcoin code' with personal notations

According to Jim Blasko, he was able to uncover raw data and files from Bitcoin v0.1 including notations from Satoshi Nakamoto using "a little browser hacking."

from Cointelegraph.com News https://ift.tt/6ZULD9d

[judchuks1]

Bitcoiner claims to have found 'long lost Satoshi Bitcoin code' with personal notations

Bitcoiner claims to have found ‘long lost Satoshi Bitcoin code’ with personal notations

According to Jim Blasko, he was able to uncover raw data and files from Bitcoin v0.1 including notations from Satoshi Nakamoto using “a little browser hacking.”

[weekinethereum]

January 25, 2019

News and Links

Layer 1

[eth1] state rent proposal 2

[eth1] selfish mining in Ethereum academic paper. Per Casey Detrio, EIP100 changed the threshold to 27%. But since ETC doesn’t have EIP100, it’s just 5 or 10%.

[eth2] a long AMA from the Eth2 research team

[eth2] yeeth Eth2 client in Swift

[eth2] What’s new in eth2 includes Ben’s take on future of the PoW chain

[eth2] notes from last eth2 implementer call

[eth2] Vitalik’s security design rationale

[eth2] More Vitalik: Eth2 and Casper CBC video talk

[eth2] Collin Myers takes a look at the proposed economics for validators

Layer 2

Raiden on progress towards Ithaca release, which will include pathfinding and fee earning as well as monitoring. More from Loredana on building CryptoBotWars on Raiden

Magmo update: about to release their paper on Nitro, their protocol for a virtual state channel network

The case for Ethereum scaling through layer 2 solutions

Optimistic off-chain data availability from Aragon

Starkware on a layer 2 design fundamental: validity proofs vs fraud proofs. Also: its decentralized exchange using STARKs planned for testnet at end of q1.

Stuff for developers

Solidity v0.5.3

web3j v4.1.1

Web3.js v1.0.0-beta.38

Waffle v2 of its testing suite (uses ethers.js)

Celer Network’s proto3 to solidity library generator for onchain/offchain, cross-language data structures. Celer’s SDK

ERC20 meta transaction wrapper contract

“dumb contracts” that store data in the event logs

ETL pipline on AWS for security token analytics

Interacting with Ethereum using web3.py and Jupyter notebooks

Tutorial on using Embark

Tutorial: using OpenLaw agreements with dapps

OpenBazaar’s escrow framework

Etherisc opensources the code for their Generic Insurance Framework

Austin Griffith’s latest iteration of Burner Wallet sales

Deploying a front end with IPFS and Piñata SDK

Video tutorial of Slither static analyzer

Overview of formal verification projects in Ethereum

zkPoker with SNARks - explore iden3’s circom circuit

Ecosystem

Lots of charts on the bomb historically and present

Gnosis Safe is now available on iOS

A big thing in the community was r/ethtrader’s DONUT tokens. Started by Reddit as “community points” to experiment in ethtrader upvotes, the donuts can be used to buy the banner, vote in polls, and get badges. So a Reddit <> Eth token bridge was created, and DONUT traded on Uniswap. But some people preferred donuts to be used for subreddit governance, so the experiment is currently paused. That’s my take, here’s Will Warren’s take.

Decentralizing project management with the Ethereum Cat Herders

ENS permanent registrar proposals

Client releases

The Mantis client written in Scala now supports ETH and will stop supporting ETC

Enterprise

Hyperledger Fabric founder John Wolpert on why Ethereum is winning in enterprise blockchain

Levi’s jeans, Harvard SHINE and ConsenSys announce a workers well being pilot program at a factory in Mexico

Tokenizing a roomba to charge it

Correctness analysis of Istanbul BFT. Suggests it isn’t and can be improved.

Governance and Standards

Notes from last all core devs call

A postmortem on the Constantinople postponement

SNT community voting dapp v0.1 - quadratic voting system

EIP1712: disallow deployment of unused opcodes

EIP1715: Generalized Version Bits Voting for Consensus Soft and Hard Forks

ERC1723: Cryptography engine standard

ERC1724: confidential token standard

EIP1717: Defuse the bomb and lower mining reward to 1 ether

Application layer

Augur leaderboard. And Crystalball.be stats. Augur v1.10 released

Lots of action in Augur frontends: Veil buys Predictions.global, Guesser to launch Jan 29, and BlitzPredict.

A fiat-backed Korean Won is live on AirSwap

Adventureum - “a text-based, crowd-sourced, decentralised choose-your-own adventure game”

PlasmaBears is live using LoomNetwork

Kyber’s automated price reserve - a simpler though less flexible option for liquidity providers. Also, Kyber’s long-term objectives

Interviews, Podcasts, Videos, Talks

Trail of Bits and ChainSecurity discuss 1283 on Hashing It Out

Videos from Trail of Bits’ Empire Hacking

Scott Lewis and Bryant Eisenbach give the case for Ethereum on a Bitcoin podcast

Philipp Angele talk on Livepeer’s shared economies for video infrastructure

Tarun Chitra on PoS statistical modeling on Zero Knowledge

Gnosis’ Martin Köppelmann on Into the Ether

Martin Köppelmann and Matan Field on Epicenter

Tokens / Business / Regulation

If you don’t have a background in finance, MyCrypto’s learning about supplying and borrowing with Compound will be a good read.

A nice look at the original NFT: CryptoPunk

NFT License 2.0 to define what is permitted with NFT and associated art

IDEO on what NFT collectibles should learn from legacy collectibles.

Matthew Vernon is selling tokens representing 1 hour of design consulting

Caitlin Long tweetstorm about Wyoming’s crypto-friendly legislation

Crypto exchanges don’t need a money transmitter license in Pennsylvania

General

Samsung to have key store in their Galaxy S10. Pictures show Eth confirmed.

Zilliqa to launch its mainnet this week, much like Ethereum launched with Frontier

NEAR’s private testnet launches at event in SF on the 29th

Polkadot upgrades to PoC3 using GRANDPA consensus algo

Looks like Protonmail wants to build on Ethereum

Messari says Ripple drastically overstates their supply to prop up their market cap

Sia’s David Vorick on proof of work attacks

a zero knowledge and SNARKs primer

Infoworld when the Mac launched 35 years ago: do we really need this?

Have a co-branded credit card in the US? Amazon (or whoever) probably gets to see your transaction history, which means they’re probably selling it too.

Dates of Note

Upcoming dates of note (new in bold):

Jan 29-30 - AraCon (Berlin)

Jan 30 - Feb 1 - Stanford Blockchain Conference

Jan 31 - GörliCon (Berlin)

Jan 31 - Maker to remove OasisDEX and Oasis.direct frontends

Feb 2 - Eth2 workshop (Stanford)

Feb 7-8 - Melonport’s M1 conf (Zug)

Feb 7 - 0x and Coinlist virtual hackathon ends

Feb 14 - Eth Magicians (Denver)

Feb 15-17 - ETHDenver hackathon (ETHGlobal)

Feb 27 - Constantinople (block 7280000)

Mar 4 - Ethereum Magicians (Paris)

Mar 5-7 - EthCC (Paris)

Mar 8-10 - ETHParis (ETHGlobal)

Mar 8-10 - EthUToronto

Mar 22 - Zero Knowledge Summit 0x03 (Berlin)

Mar 27 - Infura end of legacy key support

April 8-14 - Edcon hackathon and conference (Sydney)

Apr 19-21 - ETHCapetown (ETHGlobal)

May 10-11 - Ethereal (NYC)

May 17 - Deadline to accept proposals for Instanbul upgrade fork

If you appreciate this newsletter, thank ConsenSys

This newsletter is made possible by ConsenSys.

I own Week In Ethereum. Editorial control has always been 100% me.

If you're unhappy with editorial decisions or anything that I have written in this issue, feel free to tweet at me.

Housekeeping

Archive on the web if you’re linking to it:  http://www.weekinethereum.com/post/182313356313/january-25-2019

Cent link for the night view:  https://beta.cent.co/+3bv4ka

https link: Substack

Follow me on Twitter, because most of what is linked here gets tweeted first: @evan_van_ness

If you’re wondering “why didn’t my post make it into Week in Ethereum?”

Did you get forwarded this newsletter?  Sign up to receive the weekly email

[joshuajacksonlyblog]

Early Bitcoin Contributor Projected $10 Million BTC Price 10 Years Ago

Just a week after the bitcoin genesis block in January 2009, computer scientist Hal Finney published a price prediction model of $10,000,000 per coin based on it becoming the world’s dominant payments system.

Ten Million Dollars Per Bitcoin

The assumption was based on the premise that bitcoin would eventually become the world’s dominant currency. He concluded that it should be equated to all of the wealth in the world if it became the top payments system. The excerpt from a paper on the release of bitcoin v0.1 a decade ago has made it onto crypto twitter.

“You think bitcoin twitter is bullish? Hal Finney, was calculating a bitcoin price of $10,000,000 per coin just ONE WEEK after the the genesis block on January 3rd, 2009. Absolute legend.”

You think bitcoin twitter is bullish? Hal Finney (@halfin), was calculating a bitcoin price of $10,000,000 per coin just ONE WEEK after the the genesis block on January 3rd, 2009.

Absolute legend. pic.twitter.com/5MptLhEYHL

— Dr. Bitcoin, M.D. (@DrBitcoinMD) August 23, 2019

He also noted that bitcoin’s acceptance rate would be slow at first. This is still clearly evident a decade later as very few people on the planet hold more than one of them. Finney noted:

“One immediate problem with any new currency is how to value it. Even ignoring the practical problem that virtually no one will accept it at first, there is still a difficulty in coming up with a reasonable argument in favor of a non-zero value for the coins.”

He went on to work out total worldwide household wealth at the time which was estimated to be around $100-$300 trillion. With 20 million coins only, that puts each one at around $10 million. Interestingly Finney did not use the 21 million BTC that is the actual limit, presumably accounting for Satoshi’s stash that would remain locked up forever.

It appears that their ‘little experiment’ has been a wild success. Despite just a fraction of the world’s population holding and using bitcoin, its price has skyrocketed over the past few years and it has become the disruptive force that it was intended to be. Governments and central banks are rattled which means that bitcoin has the potential to become a dominant payments system, though ten million bucks per coin is probably a little farfetched.

Finney, who said computers can be used as tools to liberate and protect people rather than to control them, was a noted cryptographic activist and cypherpunk. He created the first reusable proof of work system before bitcoin in 2004. In January 2009 he was the first recipient of a bitcoin transaction and he sadly passed away in late August 2014.

How high can Bitcoin price possibly go? Add your thoughts below.

Images via Bitcoinist Image Library, Twitter: @DrBitcoinMD

The post Early Bitcoin Contributor Projected $10 Million BTC Price 10 Years Ago appeared first on Bitcoinist.com.

from Cryptocracken Tumblr https://ift.tt/2L60Jx7 via IFTTT

[detikdax-blog]

Crypto.com Chain CRO Go Berserk Mengalami 468% dalam Seminggu

Crypto.com Chain mungkin menjadi satu-satunya proyek crypto yang baru lahir yang telah mempertahankan hype terbalik selama seminggu berturut-turut. Token CRO proyek pada hari Jumat mencatat pergerakan besar lainnya ke atas. Tingkat CRO-to-dollar naik sebanyak 65 persen, membawa pengembalian mingguan pasangan ke 468 persen kekalahan. Dalam jangka waktu tersebut, harga CRO melonjak dari sedikit $ 0,019 ke tertinggi mingguan menuju $ 0,108. Pada saat yang sama, kapitalisasi pasar CRO melonjak dari $ 65,736 juta menjadi setinggi $ 428,14 juta.

HARGA CROPT CHAIN ​​CRYPTO.COM | SUMBER: COINMARKETCAP.COM Pertukaran Crypto Bittrex terus menjadi tuan rumah mayoritas perdagangan yang mendukung CRO. Berdasarkan jangka waktu 24 jam yang disesuaikan, bursa ini menjadi tuan rumah $ 4,69 juta dari total volume perdagangan CRO $ 5,35 juta. Itu hampir 88 persen dari volume harian keseluruhan. Menariknya, sebagian besar pedagang meninggalkan Bitcoin untuk CRO, terbukti dengan lambannya kinerja raja cryptocurrency dalam beberapa minggu terakhir.

FUNDAMENTAL YANG KUAT

Dalam liputan kami sebelumnya , kami membahas faktor fundamental utama yang mempertahankan bias bullish di pasar CRO. Pertama, itu adalah pengumuman daftar CRO di Bittrex dan Indodax. Tim Rantai Crypto.com juga mengumumkan bahwa mereka telah bermitra dengan perusahaan e-commerce dropship yang berbasis di Indonesia, Yoshugi Media Group. Dari tampilannya, dasar-dasar itu tetap untuk makan malam. Crypto.com Chain hari ini mengumumkan bahwa pertukaran crypto lain, Upbit, akan mencantumkan pasangan CRO. View image on Twitter

Crypto.com@cryptocom The @cryptocom Chain ($CRO) Token will be listed today on @UPbitExchange! Open-source of @Cryptocom Chain Testnet v0.1 scheduled on Wednesday, March 20th. Read more here - https://blog.crypto.com/upbit-lists-crypto-com-chain-token-cro/ … 113 1:18 PM - Mar 15, 2019 35 people are talking about this Twitter Ads info and privacy Secara teknis, tingkat CRO-ke-dolar membentuk bendera bullish setelah gerakan naik pertama, ditandai oleh fase pemompaan yang sedang berlangsung. Ini menunjukkan bahwa lebih banyak pedagang bersedia membeli CRO pada formasi tinggi baru yang lebih tinggi. Meskipun taruhan ini tetap berisiko, mereka juga menyarankan bias bullish yang kuat di pasar CRO. Tapi secara mendasar, Rantai Crypto.com terlihat lebih kuat. Proyek yang berbasis di Hong Kong ini dilaporkan menawarkan solusi pembayaran crypto yang berpusat pada pedagang. Ini telah meluncurkan kit pengembangan perangkat lunaknya "untuk mitra pedagang terpilih untuk memulai proses integrasi mereka." Mari kita lihat apa yang dikatakan Kris Marszalek, salah satu pendiri, dan CEO Crypto.com, tentang hal itu. “Kami berterima kasih kepada Upbit atas dukungan mereka terhadap proyek kami. Tim Rantai kami sedang menangis baru-baru ini - SDK Crypto.com Bayar dikirim ke mitra pedagang minggu lalu. Selain pembukaan platform Bayar untuk 400.000 pengguna kami minggu ini, tim kami telah dijadwalkan untuk membuka sumber versi pertama Chain Testnet pada hari Rabu, 20 Maret sebagai bagian dari Pembaruan Dev yang lebih luas. Ini adalah tonggak lain yang dicapai lebih cepat dari jadwal yang dikomunikasikan dalam whitepaper CRO. ”

AKSI HARGA CRO

Pada 1000 GMT, tingkat CRO-ke-dolar sedang mengalami koreksi kecil - telah turun 17,39 persen dari intraday high. Ini bisa menjadi indikasi pembentukan bendera bullish lain. Pada saat yang sama, itu juga bisa menjadi sinyal untuk dump semua-dan-semua. Rally selama seminggu tidak berarti bias bullish yang diperpanjang, memang. Karena kita tidak aktif memperdagangkan CRO, tidak bijaksana jika kita mengatakan sesuatu lebih lanjut. Kami mungkin akhirnya memindahkan sebagian kecil dari kepemilikan bitcoin kami ke CRO sebagai uji-perdagangan. Apakah Anda ingin membaca analisis teknis CRO khusus? Beri tahu kami di bagian komentar di bawah. Read the full article

[michaelbennettcrypto]

Bitcoin Turns Ten: A Blast To The Past

Just shy of 10 years ago, on October 31st, 2008, Satoshi Nakamoto, the pseudonymous creator of the now-world-renowned Bitcoin project, sat down to release a technical paper on what is arguably the most important innovation in human history.

Bitcoin Origins

As you may (or may not remember), this paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” highlighted the world’s first decentralized network and a viable form of digital cash that was seemingly poised to usurp the powers that be — the government and centralized institutions.

Initially, Nakamoto’s paper was slow to garner traction, occasionally seeing a few clicks from subscribers of Metzdowd.com, a lesser-known cryptography mailing list that was frequented by innovators, digital anarchists, and zany internet goers who likely had two too many beers. In spite of only seeing fleeting flashes of interest at the start, Nakamoto, who claimed to be a Japan-based coder, pushed ahead, launching Bitcoin v0.1 via Sourceforge on January 9th, 2009.

In the Bitcoin Network’s first block, commonly referred to as the near-deified “Genesis Block,” Nakamoto, making his hate for banks public, embedded the following comment:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

While this could’ve been any old headline snagged from one of the internet’s thousands of RSS feeds, the fact that Nakamoto chose a story that clearly outlined the state of the traditional banking system at the time indicates that he had a penchant to hate banks.

As the first block was processed and the first coinbase transaction was issued, it was apparent that Satoshi was all by his lonesome, as his node, the world’s first full Bitcoin node, sat alone and in the dark. However, this changed when computer scientist Hal Finney overtly expressed interest in the decentralized system, becoming the first user to ever receive a BTC transaction, and from Satoshi himself, no less.

Still, despite the fact that the Bitcoin Network was as decentralized (and appealing) as systems come, with a (near) set-in-stone 10-minute block time and a fixed distribution curve, for a majority of the system’s infant months, Satoshi and Finney were left alone to twiddle their thumbs… Or in this case, to twitch their fingers over a keyboard in a bid to better the Bitcoin Network.

In a testament to the ghost town that was Bitcoin in 2009, Nakamoto, who is believed to have been Hal Finney by some, mined an estimated one million BTC, which have presumably been lost in the ether.

However, as the brainchild of Nakamoto turned one, the pseudonymous coder’s involvement in the project waned, like a candle reaching the end of its wick. And eventually, due to an unexplained series of circumstances, in classic Satoshi style, the Bitcoin founder disappeared, quickly handing pertinent keys and data over to Gavin Andresen, along with a handful of other early crypto adopters, to foster the project further.

Following that fateful day in 2010, Bitcoin wasn’t one man’s creation any longer, but rather, an innovation backed by a countless number of diehard decentralists and those with visions of a new world — one revolutionized by decentralized systems.

The Bitcoin Pizza, Mt.Gox, Silk Road

On May 22nd, 2010, the world saw one Laszlo Hanyecz issue the world’s first real-item BTC transaction, sending 10,000 BTC (~$40 at the time) to a Bitcoin Forum user named Jercos in exchange for two Dominos pizzas. While this occurrence may seem silly and something that should be swept under the rug, since Laszlo took the first bite of his 10,000 BTC pizza, nothing has been the same — hence the creation of “Bitcoin Pizza Day.”

While Laszlo’s transaction was a crypto-to-fiat transaction in essence, at the time, there were few legitimate, accessible, and easy-to-use platforms that openly supported fiat, which hampered the adoption and maturation of Bitcoin and the earliest semblance of altcoins.

Programmer Jed McCaleb aimed to solve this problem, turning Magic: The Gathering Online eXchange (Mt.Gox), which he owned, into the Bitcoin exchange that some loved, and others loved to hate. Eight months after launching Mt.Gox on July 18th, 2010, McCaleb, who has since done stints at the Stellar and Ripple projects, sold Mt.Gox to French developer Mark Karpeles, who was situated in Japan at the time.

As the now-infamous story goes, Mt.Gox saw its first tussle with hackers in mid-June 2011, when a malicious attacker forced the nominal price of BTC to move to $0.01 on the exchange. Although this breach was evidently dangerous and exposed flaws in the platform’s operational security systems, interested consumers continued to flock to Mt.Gox. By 2013, the Japan-based platform had garnered an average of 70% of the world’s daily BTC volume, indicating that McCaleb’s move to pawn off Mt.Gox to Karpeles may have backfired.

As Mt.Gox continued to gain traction, Ross Ulbricht, the alleged founder of the online BTC-centric Silk Road marketplace, was implicated in cases of money laundering, computer hacking, conspiracy to traffic narcotics, “and attempted murder.” Ulbricht, who has been dubbed a hero by many in the cypherpunk community, was sentenced to a life without parole in prison, with this being one of the first times that the U.S. government had gone all-out against crypto, shutting down Silk Road’s illicit good market in the process.

As Silk Road collapsed, Mt.Gox exchange remained at the top of the leaderboards, so to speak. However, In February 2014, the exchange suffered a ground-breaking hack, reportedly losing upwards of 750,000 BTC. This hack, which saw Mt.Gox lose over $473 million worth of BTC (at past valuations) and the subsequent shutdown of Mt.Gox catalyzed the creation of a Japanese court case, which still rages on to this day. Along with sparking a heated legal debate, with “Mt.Gox, where’s our money?” becoming the war cry of hack victims, the story of Mt.Gox became one of the first crypto-related stories to garner traction in the mainstream media realm, leading many consumers to permanently disassociate their lives with Bitcoin and cryptocurrencies.

However, it wasn’t all doom and gloom in the crypto markets, as during the multi-year course of aforementioned two events, the nascent crypto ecosystem continued to mature at an unbridled pace. For one, in early 2011, as Mt.Gox was starting to stand on its own two feet, Wikileaks, a non-for-profit leaked/secret information source, revealed that it would add support for BTC following an embargo from payment providers, who didn’t want to associate themselves with the illicit leaking of confidential information.

Although this is only one out of the hundreds of examples of real-world adoption (Overstock.com, NewEgg, Steam, Microsoft, and many others also joined the fray), this specific case highlights Bitcoin’s role as an uncensorable, cross-border, and efficient method of payment, which is exactly what Satoshi envisioned in his original paper.

The Lull And Subsequent Boom

Likely due to the aforementioned Mt.Gox and Silk Road debacles and/or classic market cycles, the crypto industry quieted down in 2015 and 2016, with BTC undergoing a relative lull, with prices often resembling traditional equity markets at some point during that two year period.

However, while volatility declined and speculative interest exited the market, the industry’s fundamentals continued to boom, with Bitcoin and other crypto assets gaining recognition as a form of online payment, while also seeing positive regulatory news rush in en-masse.

In March 2016, solidifying the legitimacy of cryptocurrencies, Japan’s Cabinet formally recognized virtual currencies as something similar to physical money, pushing the nation forward in its acceptance of cryptocurrency and blockchain technology. Following this regulatory win, other nations followed suit, but like Bitcoin’s most infant years, Japan remained a home of innovation for this promising technology.

Eventually, 2017 rolled around, and as you likely remember, it was quite a year to behold, especially in the context of the crypto market and Bitcoin specifically. Throughout 2017, Bitcoin and crypto assets garnered a colossal amount of consumer traction, with “Bitcoin” becoming one of Google’s most searched terms, if not the most searched term on the America-based web search giant. In 2017, discussion regarding alternative vehicles for Bitcoin investment began, resulting in plans to launch ETFs, futures contracts, and similar products that were all centered around crypto assets. While the Winklevoss Twins’ ETF application fell through, in late-2017, as BTC neared its peak at $20,000, the U.S. Commodities Futures Trading Commission (CFTC) gave the CME and CBOE Global Markets the green light to launch a cash-settled Bitcoin futures contract, which sparked claims that institutions were poised to come rushing into this market.

However, since then, the value of crypto assets have seen a sharp sell-off, as many have claimed that this market reached a point where it was well over-bought. Due to crypto’s most recent collapse, per 99Bitcoins’ “Bitcoin Obituaries” page, industry onlookers have claimed that this nascent innovation has died upwards of 315 times, likely due to a multitude of qualms. But now, as seen by the monumental rise of interest from retail, merchant, and institutional participants, this industry isn’t ready to go kaput… far from in fact. But more on that in the next edition of “Bitcoin Turns Ten”.

Part 2 tomorrow: Bitcoin Turns Ten: Today And What's Next?

Featured Image from Shutterstock

The post Bitcoin Turns Ten: A Blast To The Past appeared first on NewsBTC.

from Cryptocracken WP https://ift.tt/2Og1cfE via IFTTT

[bitrss-news]

#Crypto #News:

Bitcoiner claims to have found 'long lost Satoshi Bitcoin code' with personal notations According to Jim Blasko, he was able to uncover raw data and files from Bitcoin v0.1 including notations from Satoshi Nakamoto using "a little browser hacking." https://t.co/3BvTY62A4V

— BitRss News (@RssBit) Oct 8, 2022

[brettzjacksonblog]

Bitcoin Turns Ten: A Blast To The Past

Just shy of 10 years ago, on October 31st, 2008, Satoshi Nakamoto, the pseudonymous creator of the now-world-renowned Bitcoin project, sat down to release a technical paper on what is arguably the most important innovation in human history.

Bitcoin Origins

As you may (or may not remember), this paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” highlighted the world’s first decentralized network and a viable form of digital cash that was seemingly poised to usurp the powers that be — the government and centralized institutions.

Initially, Nakamoto’s paper was slow to garner traction, occasionally seeing a few clicks from subscribers of Metzdowd.com, a lesser-known cryptography mailing list that was frequented by innovators, digital anarchists, and zany internet goers who likely had two too many beers. In spite of only seeing fleeting flashes of interest at the start, Nakamoto, who claimed to be a Japan-based coder, pushed ahead, launching Bitcoin v0.1 via Sourceforge on January 9th, 2009.

In the Bitcoin Network’s first block, commonly referred to as the near-deified “Genesis Block,” Nakamoto, making his hate for banks public, embedded the following comment:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

While this could’ve been any old headline snagged from one of the internet’s thousands of RSS feeds, the fact that Nakamoto chose a story that clearly outlined the state of the traditional banking system at the time indicates that he had a penchant to hate banks.

As the first block was processed and the first coinbase transaction was issued, it was apparent that Satoshi was all by his lonesome, as his node, the world’s first full Bitcoin node, sat alone and in the dark. However, this changed when computer scientist Hal Finney overtly expressed interest in the decentralized system, becoming the first user to ever receive a BTC transaction, and from Satoshi himself, no less.

Still, despite the fact that the Bitcoin Network was as decentralized (and appealing) as systems come, with a (near) set-in-stone 10-minute block time and a fixed distribution curve, for a majority of the system’s infant months, Satoshi and Finney were left alone to twiddle their thumbs… Or in this case, to twitch their fingers over a keyboard in a bid to better the Bitcoin Network.

In a testament to the ghost town that was Bitcoin in 2009, Nakamoto, who is believed to have been Hal Finney by some, mined an estimated one million BTC, which have presumably been lost in the ether.

However, as the brainchild of Nakamoto turned one, the pseudonymous coder’s involvement in the project waned, like a candle reaching the end of its wick. And eventually, due to an unexplained series of circumstances, in classic Satoshi style, the Bitcoin founder disappeared, quickly handing pertinent keys and data over to Gavin Andresen, along with a handful of other early crypto adopters, to foster the project further.

Following that fateful day in 2010, Bitcoin wasn’t one man’s creation any longer, but rather, an innovation backed by a countless number of diehard decentralists and those with visions of a new world — one revolutionized by decentralized systems.

The Bitcoin Pizza, Mt.Gox, Silk Road

On May 22nd, 2010, the world saw one Laszlo Hanyecz issue the world’s first real-item BTC transaction, sending 10,000 BTC (~$40 at the time) to a Bitcoin Forum user named Jercos in exchange for two Dominos pizzas. While this occurrence may seem silly and something that should be swept under the rug, since Laszlo took the first bite of his 10,000 BTC pizza, nothing has been the same — hence the creation of “Bitcoin Pizza Day.”

While Laszlo’s transaction was a crypto-to-fiat transaction in essence, at the time, there were few legitimate, accessible, and easy-to-use platforms that openly supported fiat, which hampered the adoption and maturation of Bitcoin and the earliest semblance of altcoins.

Programmer Jed McCaleb aimed to solve this problem, turning Magic: The Gathering Online eXchange (Mt.Gox), which he owned, into the Bitcoin exchange that some loved, and others loved to hate. Eight months after launching Mt.Gox on July 18th, 2010, McCaleb, who has since done stints at the Stellar and Ripple projects, sold Mt.Gox to French developer Mark Karpeles, who was situated in Japan at the time.

As the now-infamous story goes, Mt.Gox saw its first tussle with hackers in mid-June 2011, when a malicious attacker forced the nominal price of BTC to move to $0.01 on the exchange. Although this breach was evidently dangerous and exposed flaws in the platform’s operational security systems, interested consumers continued to flock to Mt.Gox. By 2013, the Japan-based platform had garnered an average of 70% of the world’s daily BTC volume, indicating that McCaleb’s move to pawn off Mt.Gox to Karpeles may have backfired.

As Mt.Gox continued to gain traction, Ross Ulbricht, the alleged founder of the online BTC-centric Silk Road marketplace, was implicated in cases of money laundering, computer hacking, conspiracy to traffic narcotics, “and attempted murder.” Ulbricht, who has been dubbed a hero by many in the cypherpunk community, was sentenced to a life without parole in prison, with this being one of the first times that the U.S. government had gone all-out against crypto, shutting down Silk Road’s illicit good market in the process.

As Silk Road collapsed, Mt.Gox exchange remained at the top of the leaderboards, so to speak. However, In February 2014, the exchange suffered a ground-breaking hack, reportedly losing upwards of 750,000 BTC. This hack, which saw Mt.Gox lose over $473 million worth of BTC (at past valuations) and the subsequent shutdown of Mt.Gox catalyzed the creation of a Japanese court case, which still rages on to this day. Along with sparking a heated legal debate, with “Mt.Gox, where’s our money?” becoming the war cry of hack victims, the story of Mt.Gox became one of the first crypto-related stories to garner traction in the mainstream media realm, leading many consumers to permanently disassociate their lives with Bitcoin and cryptocurrencies.

However, it wasn’t all doom and gloom in the crypto markets, as during the multi-year course of aforementioned two events, the nascent crypto ecosystem continued to mature at an unbridled pace. For one, in early 2011, as Mt.Gox was starting to stand on its own two feet, Wikileaks, a non-for-profit leaked/secret information source, revealed that it would add support for BTC following an embargo from payment providers, who didn’t want to associate themselves with the illicit leaking of confidential information.

Although this is only one out of the hundreds of examples of real-world adoption (Overstock.com, NewEgg, Steam, Microsoft, and many others also joined the fray), this specific case highlights Bitcoin’s role as an uncensorable, cross-border, and efficient method of payment, which is exactly what Satoshi envisioned in his original paper.

The Lull And Subsequent Boom

Likely due to the aforementioned Mt.Gox and Silk Road debacles and/or classic market cycles, the crypto industry quieted down in 2015 and 2016, with BTC undergoing a relative lull, with prices often resembling traditional equity markets at some point during that two year period.

However, while volatility declined and speculative interest exited the market, the industry’s fundamentals continued to boom, with Bitcoin and other crypto assets gaining recognition as a form of online payment, while also seeing positive regulatory news rush in en-masse.

In March 2016, solidifying the legitimacy of cryptocurrencies, Japan’s Cabinet formally recognized virtual currencies as something similar to physical money, pushing the nation forward in its acceptance of cryptocurrency and blockchain technology. Following this regulatory win, other nations followed suit, but like Bitcoin’s most infant years, Japan remained a home of innovation for this promising technology.

Eventually, 2017 rolled around, and as you likely remember, it was quite a year to behold, especially in the context of the crypto market and Bitcoin specifically. Throughout 2017, Bitcoin and crypto assets garnered a colossal amount of consumer traction, with “Bitcoin” becoming one of Google’s most searched terms, if not the most searched term on the America-based web search giant. In 2017, discussion regarding alternative vehicles for Bitcoin investment began, resulting in plans to launch ETFs, futures contracts, and similar products that were all centered around crypto assets. While the Winklevoss Twins’ ETF application fell through, in late-2017, as BTC neared its peak at $20,000, the U.S. Commodities Futures Trading Commission (CFTC) gave the CME and CBOE Global Markets the green light to launch a cash-settled Bitcoin futures contract, which sparked claims that institutions were poised to come rushing into this market.

However, since then, the value of crypto assets have seen a sharp sell-off, as many have claimed that this market reached a point where it was well over-bought. Due to crypto’s most recent collapse, per 99Bitcoins’ “Bitcoin Obituaries” page, industry onlookers have claimed that this nascent innovation has died upwards of 315 times, likely due to a multitude of qualms. But now, as seen by the monumental rise of interest from retail, merchant, and institutional participants, this industry isn’t ready to go kaput… far from in fact. But more on that in the next edition of “Bitcoin Turns Ten”.

Part 2 tomorrow: Bitcoin Turns Ten: Today And What's Next?

Featured Image from Shutterstock

The post Bitcoin Turns Ten: A Blast To The Past appeared first on NewsBTC.

from CryptoCracken SMFeed https://ift.tt/2Og1cfE via IFTTT

[jacobhinkley]

Bitcoin Cash [BCH] now has support from Akari Global

Akari Global, a Foundation to promote and uplift Bitcoin Cash worldwide announced a new release associating Bitcoin Cash [BCH].

They tweeted:

“Add a Donate/Pay button for #BitcoinCash to your website easily with AKARI-PAY v0.1 now released #BCH”

Akari Pay uses live updates from BitBoxEarth rest API to optionally show transaction notifications and receive donation totals for the user’s fund, added the team. They are now testing AKARI-PAY v0.1 on GitHub. Any existing website owner can directly link to their own Bitcoin Cash Donation or payment page without any charges on any of the gadgets like Tablets, Smartphones, Laptops and more.

Once the page is uploaded to the web host and the instructions are followed, the user can paste link wherever he/she wishes to like, on Twitter, Facebook, DeviantArt, Twitch.tv, Reddit, Memo.Cash, BlockPress.com, etc.

The foundation quotes:

“It’s your link to your website address!”

An organization or an individual looking to increase donations on their website can now create a Button link by uploading a .html file to the web server or host maintained by them. Optionally, one may use any of the included .html files to publicly display the number of donations they have received until the time to their fund through BitBox.

Derian, a speculator commented:

“Great idea AKARI but what I like the most is that it works with BCH absolutely wonderful great work and all the blessings for you.”

LoveBitcoinCash, a BCH enthusiast tweeted:

“It’s really an awesome project. It will help us a lot. Keep doing great work #BitcoinCash”

BlockPress team also tweeted:

“This is actually awesome, thanks for creating!”

Bitcoin Cash has been displaying some bullish sign, especially since yesterday with a 6% decline closing the value at $1,640 as seen at the time of writing. This is still a good deal considering the market crash. This new boost from Akari Global is much rejoiced by the supporters from both the ends.

The post Bitcoin Cash [BCH] now has support from Akari Global appeared first on AMBCrypto.

Bitcoin Cash [BCH] now has support from Akari Global published first on https://medium.com/@smartoptions

[weekinethereum]

June 14, 2018

Ethereum News and Links

Protocol

Counterfactual: generalized state channels. Academic paper. Also Jeff Coleman Reddit comment on the history and progress of state channels. The rest of that Reddit thread is worth reading as well.

Tom Close: Minimal Progamable State Channels

Latest Casper standup call

Drake: Committee-based sharded Casper.

Drake: 1-bit BLS aggregation-friendly custody bonds

More Justin Drake: “we are considering changing the Ethereum 2.0 roadmap to skip Casper FFG with 1500 ETH deposits. Instead Casper and sharding validators would be unified from the get-go in the beacon chain, and deposits would be 32 ETH.” Two less technical Reddit threads worth reading: one and two.

Prysmatic’s geth sharding implementation update

Hsiao-Wei Wang: what you can do for sharding slide deck. Nice sharding overview in there as well.

Latest Plasma implementation calls: this week and two weeks ago

an “alternative light-client concept for plasma chain clients”

Dan Robinson: Plasma Debit. payment channels on Plasma Cash?

Loi Luu video talk on Kyber’s Gormos scalability project: application specific “plasma plus sharding”

Ben Jones, Kelvin Fichter: More Viable Plasma

Alexey Akhunov: latest on Turbo-Geth

Stuff for developers

First Vyper beta release

Truper: compile vyper contracts to truffle compatible artifacts.

Karen Scarbrough: A guide to generalized state channels for developers. And part 2.

Connext on becoming a network for projects to open hubs

Human readable contract ABIs using ethers.js

sol2proto  -  Amis’s first step to Contract as a Service

hevm: an EVM implementation for unit testing from Dapphub

ethQL: a graphQL interface from ConsenSys

Loom SDK out in public beta with long update on their plans

dappeteer: e2e testing with Puppeteer + MetaMask

libSTARK: C++ library for Starks from EliBen-Sasson

Thetta DAO framework v0.1. Github repo

Eth dev with Go online guide book

Cryptographic javascript-functions for Ethereum with web3js tutorials

Ecosystem

Slock.it INCUBED client - a network of server nodes for Slockit’s IoT devices

How Weeve puts an Eth wallet in trusted enclave

Latest Open Block Explorers call

John Wolpert on the future of private and public blockchains

Introducing EthIndia and EthBerlin applications are open

Vitalik’s ELI5 on the difference between full and archive nodes

Tips on applying for ECF grants

Releases

Geth v1.8.11: 28% less disk usage, 23% faster block processing, increased memory stability

Governance and Standards

Casey Detrio on what happened to EIP648 (tldr: disk I/O is bottleneck, not CPU)

ERC721 finished last call and is finalized

Dean Eigenmann: against community governance

Avsa: governance of the .ETH namespace and ENS foundation

PoA Network governance model

Project Updates

Augur bounty program opens tomorrow before full launch on July 9

Bloomberg on the Decentraland land rush

Dharma 3 month roadmap: improve dharma.js API, better documentation, standardize terms on some debt agreements

Maker: a Dai primer

Now much easier to pay in tokens like Dai on Gitcoin

How Golem wants to use SGX for computational integrity and privacy

FunFair to seek platform licenses so casino operators don’t have to get their own license

TrustWallet to sell its tokens on Kyber

Brave at 2.7m MAUs and giving away 500k more in BAT

0x’s vision, mission and core values

Andy Warhol work to be auctioned by Maecenas

Interviews, Podcasts, Videos, Talks

Truebit’s Harley Swick on Hashing It Out

Grigore Rosu talks K framework on Epicenter

Joey Krug with Laura Shin

5 mins of Joey Krug’s story of risktaking leading him to Augur

Meher Roy gets interviewed by Decrypt Asia

Glen Weyl lecture on Radical Markets at Google

Video of Kyber Network’s event last week

Griff Green revisits The DAO on Zero Knowledge

Tokens

SEC’s William Hinman: “current offers and sales of Ether are not securities transactions.”

CFTC Commissioner Rostin Behnam: “Blockchain is more than technology: it is an advance that reaches out into every aspect of life.”

Colony’s Hackathon is an MVP of perpetual inflation to incentivize developers.

Etherisc: democratizing insurance using blockchain

A compendium of NFT links

Ujo: expanding collectibles for artists

Incentivized music curation with curved bonding rewards

What if BitTorrent had a token? More lessons learned from p2p file sharing by John Backus

General

Leigh Cuen reports on Code to Inspire offering Afghan women opportunities to earn Eth for completing tasks

How Polkadot is addressing the big issues in blockchain

Academic paper claiming Bitfinex/Tether manipulated Bitcoin price. I skimmed and did not see reason to update my priors. Still maybe.

Coinbase Index Fund is now open.

VB answers a few technical questions on Marginal Revolution.

Irish newspaper interviews Joe Lubin

Discussion of 20 psychological biases around money that is getting passed around in crypto circles this last week

A year after the sale, Tezos adds KYC/AML

WSJ on big pharma companies tracking supply chains using Ethereum.

Dates of Note

Upcoming dates of note:

June 24 -- Colony online hackathon finishes

June 25 -- Etherisc token sale starts

June 28 -- BuildEth (San Francisco)

June 30 -- Solidity Gas Golfing challenge deadline

June 30-July1 -- Off the chain state channel workshop (Berlin)

July 6-7 -- TechCrunch blockchain and Ethereum events (Zug)

July 9 -- Augur scheduled to launch

July 12-18 -- IC3 Eth Bootcamp (Ithaca, NY)

July 14-15 -- FEM governance meetings in Berlin

July 19-20 -- DappCon (Berlin)

July 24-26 — NIFTY hackathon and NFT conference (Hong Kong)

August 3-4 -- Discon (Boulder, CO)

August 10-12 -- EthIndia hackathon (Bangalore)

September 6 -- Security unconference (Berlin)

September 7-9 -- EthBerlin hackathon

September 7-9 -- WyoHackathon (Wyoming)

Oct 5-7 -- TruffleCon in Portland

Oct 5-7 -- EthSanFrancisco hackathon

Oct 22-24 -- Web3Summit (Berlin)

Oct 30 - Nov 2 -- Devcon4 (Prague)

December -- EthSingapore hackathon

If you appreciate this newsletter, thank ConsenSys

I'm thankful that ConsenSys has brought me on and given me time to do this newsletter.

Editorial control is 100% me.  If you're unhappy with editorial decisions, blame me.

Shameless self-promotion

Here’s the link to share:  http://www.weekinethereum.com/post/174893922173/june-14-2018

Most of what I link to I tweet first: @evan_van_ness

This newsletter is supported by ConsenSys, which is perpetually hiring if you’re interested.

Did someone forward this email to you?  Sign up to receive the weekly email (text box in the top blue header)