History of Bitcoin

[Aztek]

Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities.[1] The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on and offline – from the mid 2010s, some businesses began accepting bitcoin in addition to traditional currencies.[2]

[Arkham Knight]

Ang galing naman. Masarap itong pag-aralan kapag nasa presyong $1M na ang bitcoin at nakasakay tayo sa mga kanya-kanya nating lambos. Pero bakit hanggang ngayon wala pa ring makapagsabi kung sino talaga si satoshi samantalang marami na rin akong nabasa na kung saan ay may mga kinontak o in-email siyang mga tao?

[nygell17]

Sobrang palalim na po ng palalim ang usapan dito sa cryptocurrency. And I know na marami pa din ang mga newbies dito na naguguluhan kung ano ba ang bitcoin at kung saan ba to nggaling.

First, let us tackle the history of bitcoin base po sa pagkakaaintindi at pagkakabasa ko para lahat po tayo ay merong idea at hindi agad agad nagjujump in sa kung paaan ba ang magparank up at kung paano ang kitaan.

As I am exploring bitcoin, nabasa ko po na hindi pala siya ang first ever digital currency.

Hashcash (1997) by Adam Black
-proof of work systems na ginamit para malimitahan ang email spam

https://en.wikipedia.org/wiki/Hashcash

B-money (1998) by Wei Dai (computer Engineer)
- Public Keys Identify Pseudonyms
-Broadcast solution to computational problem

https://en.wikipedia.org/wiki/Wei_Dai

BITGOLD by Nick Szabo (2001-2005) (Computer Scientist)
-Soved puzzle functions
-Public challenge String of Bits
- Distributed property title Registry

https://en.wikipedia.org/wiki/Nick_Szabo

*Hindi lang sila naging successful dahil hindi nila naisayos ang correct combination of technical ideas.

Napagalaman na sina Wei Dai and Adam Back ang dalawang tao na kinontak ni Satoshi Nakamoto sa pagdedevelop ng Bitcoin in the year 2008 and yong B-money paper ay nasa reference sa Bitcoin whitepaper.

Since, ang bitcoin ay similar sa Bitgold kaya nagkaroon ng speculation na si Szabo ang totoong Satoshi ngunit ito ay kaniyang itinanggi.

- If you have some history to share please feel free so that we do have all idea where it came from.

Matagal na talaga tech ng btc kaso wala talaga nakaka solve ng real problen ng digital currencies noon - solving yung double spending at Byzantine-Fault Tolerance(BFT) or Byzantene Consesnsus Alhorithm. Na syang an solve nung na develop ang Blockchain tech using proof-of-work protocol. Bitcoin is the first program or application sa blockchain platform.

After that, marami na na develop na BFT platforms na sinasabing mas convinient pa raw sa blockchain.

* Blockchain - 1st Gen. *2nd Gen, 3rd gen. 4th, 5th gen blockchains.
* Smart contract*(protocol on top of blockchain)- 2nd Gen. BFT
* Tangle(incomplete at may mga hidden bugs) - 3rd Gen. BFT
* Hashgraph - 4th Gen. BFT

[princejohn19]

Bitcoin is a crypto currency that made by satoshi nakamoto.Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on and offline – from the mid 2010s, some businesses began accepting bitcoin in addition to traditional currencies.

[cryp2poseidon]

Ang galing ng pagkakadiskubre ng bitcoin. Ika-nga, ito yung future of money kung saan digital currency na. Maganda sana kung naniwala na ako dati pa sa bitcoin kung kailan mura pa noon. Sobrang dami ko na sigurong pera ngayon. Nakapanghihinayang lang dahil isa ako sa mga tao na negative at iniisip na scam ang bitcoin.

[chrisnewsome]

“You can pay for access to a database, buy software or a newsletter by email, play a computer game over the net, receive $5 owed you by a friend, or just order a pizza. The possibilities are truly unlimited.”
- David Chaum

Digital money's specialized establishments go back to the mid 1980s, when an American cryptographer named David Chaum designed a "blinding" calculation that remaining parts fundamental to current electronic encryption. The calculation took into account secure, unalterable data trades between parties, laying the foundation for future electronic money exchanges. This was known as "blinded cash."

By the late 1980s, Chaum enrolled a bunch of other cryptographic money devotees trying to popularize the idea of blinded cash. Subsequent to moving to the Netherlands, he established DigiCash, a revenue driven organization that created units of cash in light of the blinding calculation. Dissimilar to Bitcoin and most other present day cryptocurrenncies, DigiCash's control wasn't decentralized. Chaum's organization had an imposing business model on supply control, like national banks' restraining infrastructure on fiat monetary standards.

Around a similar time, a refined programming engineer named Wei Dai distributed a white paper on b-cash, a virtual money design that included huge numbers of the essential segments of current digital forms of money, for example, complex obscurity insurances and decentralization. Notwithstanding, b-cash was never sent as a methods for trade.

Presently, a Chaum relate named Nick Szabo created and discharged a cryptographic money called Bit Gold, which was outstanding for utilizing the blockchain framework that supports most current digital forms of money. Like DigiCash, Bit Gold never increased well known footing and is never again utilized as a methods for trade.

In the United States, the most prominent virtual cash of the late 2000s was known as e-gold. e-gold was made and controlled by a Florida-based organization of a similar name. e-gold, the organization, essentially worked as an advanced gold purchaser. Its clients, or clients, sent their old gems, knickknacks, and coins to e-gold's distribution center, accepting computerized "e-gold" – units of money designated in ounces of gold. e-gold clients could then exchange their property with different clients, money out for physical gold, or trade their e-gold for U.S. dollars.

At its top in the mid-2000s, e-gold had a great many dynamic records and prepared billions of dollars in exchanges every year. Lamentably, e-gold's generally remiss security conventions made it a famous focus for programmers and phishing con artists, leaving its clients powerless against money related misfortune. Furthermore, by the mid-2000s, a lot of e-gold's exchange action was lawfully questionable – its laid-back lawful consistence strategies profited washing tasks and little scale Ponzi plans. The stage confronted developing legitimate weight amid the mid-and late-2000s, lastly stopped to work in 2009.

[jayco25]

Sa totoo lang hindi ako masyado familiar sa history ng bitcoin pero dahil nakita ko ang post na ito naging interesado ako na basahin at pagaaralan maiigi upang mas maintindihan lalo ang kahalagahan ng bitcoin. Sa nagpost ng Thread na ito maraming salamat marami ako matutuna dito at pati na rin ang mga baguhan sa mundo ng crypto

#Support Vanig

[nancyjewelmcdonie]

nice history at ngayon ko lang sya nalaman pero bitcoin ay isang bagay ubang magsilbing kabayan ng mga kriminal.

[JPCRYPTO2012]

Nakakamangha talaga ang pag kagawa kay bitcoin na di natin aakalain na posible ang ganitong systema ng payments. na kung saan sa tulong blockchain ay mapapa dali ang lahat..

[eugenefonts]

Napaka genius ng gumawa ng bitcoin at blockchain nakaka mangha at sobrang napaka complex kung iisipin. Salamat sa thread na ito at nadagdagan na naman ang kaalaman namin. Sa tingin ko ay magtatagal at kalaunan ay maa adopt ito ng mga tao dahil araw araw ay napapalaganap ang bitcoin at naipapakilala ito sa mga tao. Sana lang balang araw ay hindi ito magamit sa kasamaan at maging talagang useful sana para sa atin kaya hold lang ng hold at ipag patuloy ang pag aaral sa bitcoin.

[dobladonadouble]

Sobrang palalim na po ng palalim ang usapan dito sa cryptocurrency. And I know na marami pa din ang mga newbies dito na naguguluhan kung ano ba ang bitcoin at kung saan ba to nggaling.

First, let us tackle the history of bitcoin base po sa pagkakaaintindi at pagkakabasa ko para lahat po tayo ay merong idea at hindi agad agad nagjujump in sa kung paaan ba ang magparank up at kung paano ang kitaan.

As I am exploring bitcoin, nabasa ko po na hindi pala siya ang first ever digital currency.

Hashcash (1997) by Adam Black
-proof of work systems na ginamit para malimitahan ang email spam

https://en.wikipedia.org/wiki/Hashcash

B-money (1998) by Wei Dai (computer Engineer)
- Public Keys Identify Pseudonyms
-Broadcast solution to computational problem

https://en.wikipedia.org/wiki/Wei_Dai

BITGOLD by Nick Szabo (2001-2005) (Computer Scientist)
-Soved puzzle functions
-Public challenge String of Bits
- Distributed property title Registry

https://en.wikipedia.org/wiki/Nick_Szabo

*Hindi lang sila naging successful dahil hindi nila naisayos ang correct combination of technical ideas.

Napagalaman na sina Wei Dai and Adam Back ang dalawang tao na kinontak ni Satoshi Nakamoto sa pagdedevelop ng Bitcoin in the year 2008 and yong B-money paper ay nasa reference sa Bitcoin whitepaper.

Since, ang bitcoin ay similar sa Bitgold kaya nagkaroon ng speculation na si Szabo ang totoong Satoshi ngunit ito ay kaniyang itinanggi.

- If you have some history to share please feel free so that we do have all idea where it came from.

Ang pinaka-main point dito ay magpasalamat tayo sa mga tao sa likod ng paggawa ng bitcoin. Napakahirap ng task nila knowing bitcoin was created year 2008 na hindi pa masyadong boom ang technology and gadgets. It takes a lot of hardwork for them to come out with this. At nabasa ko nga somewhere in an article, dati mababa lang ang palitan, buti ngayon ay medyo okay na. All in all, salamat sa pagbahagi ng brief summary ng bitcoin. Malaking tulong ito!

[nygell17]

Sobrang palalim na po ng palalim ang usapan dito sa cryptocurrency. And I know na marami pa din ang mga newbies dito na naguguluhan kung ano ba ang bitcoin at kung saan ba to nggaling.

First, let us tackle the history of bitcoin base po sa pagkakaaintindi at pagkakabasa ko para lahat po tayo ay merong idea at hindi agad agad nagjujump in sa kung paaan ba ang magparank up at kung paano ang kitaan.

As I am exploring bitcoin, nabasa ko po na hindi pala siya ang first ever digital currency.

Hashcash (1997) by Adam Black
-proof of work systems na ginamit para malimitahan ang email spam

https://en.wikipedia.org/wiki/Hashcash

B-money (1998) by Wei Dai (computer Engineer)
- Public Keys Identify Pseudonyms
-Broadcast solution to computational problem

https://en.wikipedia.org/wiki/Wei_Dai

BITGOLD by Nick Szabo (2001-2005) (Computer Scientist)
-Soved puzzle functions
-Public challenge String of Bits
- Distributed property title Registry

https://en.wikipedia.org/wiki/Nick_Szabo

*Hindi lang sila naging successful dahil hindi nila naisayos ang correct combination of technical ideas.

Napagalaman na sina Wei Dai and Adam Back ang dalawang tao na kinontak ni Satoshi Nakamoto sa pagdedevelop ng Bitcoin in the year 2008 and yong B-money paper ay nasa reference sa Bitcoin whitepaper.

Since, ang bitcoin ay similar sa Bitgold kaya nagkaroon ng speculation na si Szabo ang totoong Satoshi ngunit ito ay kaniyang itinanggi.

- If you have some history to share please feel free so that we do have all idea where it came from.

Diba si Nick Szabo kasama sya sa  cypherpunk hackers and cryptographers noong 90's? Pinaniniwalaan din ibang  myembro ng Cypherpunks ay myembro din ng Cicada 3301. Very secretive na Grupo and cicada3301 -ang pinakasikat na gumagawa ng internet puzzles at greatest legend sa surface at deep web -  sa 100,000+ na participants na well-versed sa hacking or computer networking, coding, math, history, cryptography ang nakakasolve  ng series of puzzles hanngang huli ay 1 or 2 persons lang at ang maka solve ng puzzle sa huli, nirerecruit nila.
Parang Hunter x Hunter exam lang ang peg 😂

[Kambal2000]

Ang pinaka-main point dito ay magpasalamat tayo sa mga tao sa likod ng paggawa ng bitcoin. Napakahirap ng task nila knowing bitcoin was created year 2008 na hindi pa masyadong boom ang technology and gadgets. It takes a lot of hardwork for them to come out with this. At nabasa ko nga somewhere in an article, dati mababa lang ang palitan, buti ngayon ay medyo okay na. All in all, salamat sa pagbahagi ng brief summary ng bitcoin. Malaking tulong ito!

Hindi man natin sila kilala personaly pero nakakatuwa dahil alam natin ang hirap na ginawa nila at pinagdaanan nila para lang magkaroon tayo ng ganitong klase ng oportunidad sa buhay natin, sobrang nakakatuwa talaga dahil lahat pwedeng maging involved sa cryptocurrency at lahat ay tumatangkilik dito at lumalabas ang kanilang mga talento, sobrang blessed tayo sa oportunidad na to.

[Sedorikku]

Sobrang palalim na po ng palalim ang usapan dito sa cryptocurrency. And I know na marami pa din ang mga newbies dito na naguguluhan kung ano ba ang bitcoin at kung saan ba to nggaling.

First, let us tackle the history of bitcoin base po sa pagkakaaintindi at pagkakabasa ko para lahat po tayo ay merong idea at hindi agad agad nagjujump in sa kung paaan ba ang magparank up at kung paano ang kitaan.

As I am exploring bitcoin, nabasa ko po na hindi pala siya ang first ever digital currency.

Hashcash (1997) by Adam Black
-proof of work systems na ginamit para malimitahan ang email spam

https://en.wikipedia.org/wiki/Hashcash

B-money (1998) by Wei Dai (computer Engineer)
- Public Keys Identify Pseudonyms
-Broadcast solution to computational problem

https://en.wikipedia.org/wiki/Wei_Dai

BITGOLD by Nick Szabo (2001-2005) (Computer Scientist)
-Soved puzzle functions
-Public challenge String of Bits
- Distributed property title Registry

https://en.wikipedia.org/wiki/Nick_Szabo

*Hindi lang sila naging successful dahil hindi nila naisayos ang correct combination of technical ideas.

Napagalaman na sina Wei Dai and Adam Back ang dalawang tao na kinontak ni Satoshi Nakamoto sa pagdedevelop ng Bitcoin in the year 2008 and yong B-money paper ay nasa reference sa Bitcoin whitepaper.

Since, ang bitcoin ay similar sa Bitgold kaya nagkaroon ng speculation na si Szabo ang totoong Satoshi ngunit ito ay kaniyang itinanggi.

- If you have some history to share please feel free so that we do have all idea where it came from.

Sa sobrang parami ng parami ang usapan dito sa bitcoin forun,  padami na rin ng padami ang mga user dito sa bitcoin. At dahil dyan,  di natin alam kung ano nga ba ang history or pinagmulan ng ating pinaguusapan,  ang bitcoin. Ang bitcoin daw ay nagmula sa pagdedevelop ni satoshi nakamoto na kinalaunan ay kumalat ng lubusan at ikinatuwa ng marami.

[nancyjewelmcdonie]

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator, though some researchers point at a trend towards centralization.

[james35]

grabi ngayon ko lang nalaman yan history ng bitcoin, medyo matagal tagal narin pala ang technology ng bitcoin. Well di rin natin masisi kung bakit di nag success yung mga na una, si bitcoin  dahil maraming nagsasabi na scam daw ito, dahil wala silang alam kung ano ito at isa pa May mga nauna pa pala na mga digital currencies kaysa sa bitcoin, kaso di lang pala nag successful. At patunay ito na magaling talaga dumiskarte si satoshi nakamoto para maging successful ang bitcoin thanks sa pag share ng history ng bitcoin

[ryanrius01]

Ang BITCOIN ay isang digital currency ( Gaya din ng US dollar, Yen, Euro, Singapore Dollar) na pwedeng ipalit din sa Peso at ma i-witdraw sa iba’t ibang banko. Pwd din itong gamitin pambayad ng bills at utilities. Pwede din ipadala sa ibang lugar at ipambayad sa mga online stores sa pamamagitan ng mga tinatawag na BITCOIN WALLET.

[kyleagaaaaam]

BRIEF HISTORY OF BITCOIN
1998 – 2009 The pre-Bitcoin years
 In spite of the fact that Bitcoin was the main set up cryptographic money, there had been past endeavors at making on the web monetary forms with records anchored by encryption. Two cases of these were B-Money and Bit Gold, which were detailed however never completely created.

2008 – The Mysterious Mr Nakamoto
 A paper called Bitcoin – A Peer to Peer Electronic Cash System was presented on a mailing list exchange on cryptography. It was posted by somebody calling themselves Satoshi Nakamoto, whose genuine personality remains a puzzle right up 'til today.
 
2009 – Bitcoin starts
 The Bitcoin programming is made accessible to the general population out of the blue and mining – the procedure through which new Bitcoins are made and exchanges are recorded and confirmed on the blockchain – starts.

2010 – Bitcoin is esteemed out of the blue
 As it had never been exchanged, just mined, it was difficult to dole out a financial incentive to the units of the rising cryptographic money. In 2010, somebody chose to offer theirs out of the blue – swapping 10,000 of them for two pizzas. In the event that the purchaser had clung to those Bitcoins, at the present costs they would be worth more than $100 million.

2011 – Rival digital forms of money develop
 As Bitcoin increments in notoriety and decentralized and encoded monetary forms get on, the primary elective digital currencies show up. These are now and again known as altcoin and by and large attempt to enhance the first Bitcoin configuration by offering more noteworthy speed, secrecy or some other favorable position. Among the first to rise were Namecoin and Litecoin. Presently there are more than 1,000 digital forms of money available for use with new ones every now and again showing up.