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Author Topic: The Root of bitcoin, 14 facts of bitcoin White Paper  (Read 162 times)
Accardo (OP)
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November 14, 2022, 08:32:49 PM
Merited by DdmrDdmr (3), pooya87 (2), SeeBiscuit (2)
 #1

The recent scandal on the bitcoin community is filling up the discussion section, I saw it thoughtful to flash our memory back to the root of bitcoin, the bitcoin white paper. He @RIzzo shared this thread on his page on the 14th anniversary of bitcoin whitepaper, 31 October 2022.

Below are the 14 facts of bitcoin White paper

1. Coming in at 2,736 words, the Bitcoin white paper is shorter than the Magna Carta (3,550 words), the U.S. Constitution (4,543 words) and the most recent U.S. Infrastructure Bill (2,700 pages)
The average book is 70,000 to 120,000 words.





2. The Bitcoin white paper generated a LOT of discussion when published.
Moderators of the cypherpunk mailing list would even later intervene, telling Satoshi to take his ideas and incessant talk elsewhere.





3. Bitcoin’s first public supporter was Hal Finney, but he wouldn’t respond to the email until over a week after the announcement on November 7.
Satoshi dealt with a lot of critics in between!





4. The word Bitcoin only appears twice in the whole paper and only in the title.
It’s widely believed Satoshi named Bitcoin fairly late in the process, and there is evidence he may have even wanted to call it “Electronic Cash” or “Netcoin.”





5.  Satoshi wrote the code for Bitcoin before he wrote the white paper.
In later posts, he’d mentioned he had been working on Bitcoin for two years by the time the white paper was finally released to the world.





6.  The paper doesn’t include the word "blockchain"
Rather, Satoshi calls the Bitcoin "blockchain" a “timestamp server,” noting its function (keeping time for the network) and what it sought to replace in prior digital cash systems (their central servers).





7. Satoshi saw Bitcoin as an alternative to the "mint based model" used by older digital cash systems.
This is a reference to prior work like David Chaum’s DigiCash, which was not peer-to-peer. Rather the network was divided into two tiers, banks and users.




8. The most common word in the Bitcoin white paper is “block,” which is used a total of 48 times.
Blocks are batches of transactions that have been timestamped on the Bitcoin blockchain.





9.  The Bitcoin white paper includes 8 citations to past works, including attempted digital cash projects like B-money by Wei Dei and Hashcash by Adam Back.
Back is the only cryptographer mentioned who still contributes to Bitcoin actively today.





10.  The white paper says that "CPU power" is used to generate Bitcoin blocks. Today, that wouldn’t be correct to say (but it's not wrong).
Most generation is performed by specialized computers called ASICs. Both provide the "computational power" the network needs for operation





11. Parts of the Bitcoin white paper are no longer being worked on by developers
In the paper, Satoshi makes the first “scaling proposal” for Bitcoin. Called Simple Payment Verification, it has since been abandoned as a viable solution.




12. Following legal attacks, the Bitcoin white paper is now hosted on websites around the world, including by the U.S. Government and the City of Miami.
The document is in the public domain and can be freely hosted.




13.   The Bitcoin developers keep an active list of the inconsistencies, changes, and inaccuracies in Satoshi Nakamoto's white paper.
Since its publication, we've learned more about how Bitcoin works in a live environment.

https://gist.github.com/harding/dabea3d83c695e6b937bf090eddf2bb3



14. The first website to host the Bitcoin white paper, http://Bitcoin.org, still hosts the document.
It is now available in over 40 languages, and you can read it at the link below

https://bitcoin.org/en/bitcoin-paper


Amongst these facts I'll say that number 4 and 6 got my interest; the word blockchain was not mentioned in the whitepaper rather it was called Timechain and the fact that bitcoin was only mentioned twice. What do you think about the simplified payment verification that got abandoned by developers? Also share the section that got your interest. Cheers.

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November 14, 2022, 10:39:27 PM
Merited by SeeBiscuit (1)
 #2

This was so fun to read, and very informative. Thank you, I'm sure the community needs facts more than dreams, opinions, and speculation now more than ever.  Cheesy

Following trends doesn't help in the end, as it won't stay for long before it fades off. People move on real quick. The Luna trend came and now its gone like nothing happened, even Kwon launched another project LUNC and the market bought the idea again, funny market, now he's not showing up again. Nevertheless, trends help promotions, but, those things that are here to stay like the bitcoin whitepaper will never fade off and that's what matters. That's why I made the thread as lots of information will be learnt through it.

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November 15, 2022, 01:53:25 AM
 #3

Bitcoin White Paper Release Day.  On October 31, 2008 , a pseudonym named Satoshi Nakamoto published the Bitcoin white paper on his own website.

At Glance

Bitcoin Whitepaper features

Creator: Satoshi Nakamoto
Published date: 31st October 2008
Former name: P2P electric Cash
Present name: Bitcoin
Whitepaper pages: Nine(9) pages
First bitcoin receiver: Hal Finney (12 Jan 2009)
Bitcoin Whitepaper publisher: Cryptography Mailing (Metzdowd)
First website: www.bitcoin.org, satoshin@gmx.com



Re

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November 15, 2022, 05:21:18 AM
Merited by NeuroticFish (4), DdmrDdmr (3), Accardo (2)
 #4

6.  The paper doesn’t include the word "blockchain"
It is actually using the shorthand version "chain" instead of "blockchain".

Quote
10.  The white paper says that "CPU power" is used to generate Bitcoin blocks. Today, that wouldn’t be correct to say (but it's not wrong).
Most generation is performed by specialized computers called ASICs. Both provide the "computational power" the network needs for operation
ASIC is not a computer, it is a "chip", just like a CPU it is designed to perform "computation".

Quote
11. Parts of the Bitcoin white paper are no longer being worked on by developers
In the paper, Satoshi makes the first “scaling proposal” for Bitcoin. Called Simple Payment Verification, it has since been abandoned as a viable solution.
Wrong.
SPV (Simplified Payment Verification) clients are one of the most popular clients today and dozens of developers are working on them. The biggest example is Electrum.

SPV is also not a "scaling proposal". It is a method to allow users to connect to the bitcoin network and use it on their own without needing a centralized party and without running a full node.

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