The mystery called Bitcoin

[wheelz1200]

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?

[OsaiEmma]

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 was initiated by many ideas, developments before 2008, with things called as "Bitcoin prehistory" that you need to learn about.

Cryptography, Elliptic Curve, and more technical developments as well as some failed projects before we had Bitcoin in 2009.
Previously there are Digicash (1989), CyberCash (1994), E-Gold (1996), BitGold (1998), B-Money (1998), BitTorrent (2001).
Bitcoin prehistory. (Saylor Academy).

Whoa....OMG, this is rich, I never knew this sort of info, that's why before I started, I said , "Speaking from my own limited knowledge", anyways, this is good, nice, I'll go check more about it.

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?

I know it took extensive research, but the joke phrase there, is a figure of speech.

Built on a Blockchain by a mysterious individual who isn't exactly doxed

What does this mean? Satoshi hasn't appeared publicly and it's unlikely they ever will.
So Satoshi is the exact opposite from "doxxed".

But that's exactly what I just said, he is not doxxed

[Popkon6]

I can say for myself that there is no mystery in Bitcoin because if you can notice then you should definitely praise its founder. We call the person who created Bitcoin as Satoshi Nakamoto because at that time he created such thoughts in his head which are ruling the world till today.
But what I like about it is that it has everything in it, freedom, sovereignty, conservatism and the most important thing is security. The purpose for which Satoshi Nakamoto created Bitcoin must have been successful because he has made Bitcoin famous all over the world.

[davis196]

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.

The only thing about Bitcoin that's mysterious is Satoshi Nakamoto.
There's nothing mysterious about blockchain technology. There's nothing mysterious about the BTC price growth, which happened in the last 15 years. OP, it seems to me that you have missed on everything that's going on in the crypto world during the last decade. You remember stuff, that happened back in 2008-2010, but you don't mention anything that happened in the last 10 years. Were you sleeping under a rock?
I agree with the "gaining wealth and financial freedom", but I don't agree that people had retired by investing in BTC. Maybe a few early adopters have become millionaires, but they are an exception.

[$weetne$$]

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.

I do not think Bitcoin started as a joke, it was not a memecoin that we joke around with today. Bitcoin started on a strong business note but many people did not take it serious and only those who did benefits now. Some mined Bitcoin as a joke or game to pass time when they had nothing doing but some people took it serious and invest money into it. I have read about the twins that got a settlement from Mark the owner of Facebook and invested into Bitcoin and cryptocurrency exchanges and they are now benefiting from considering Bitcoin as a serious business. Bitcoin was not created for wealth purposes only but was created as a currency because of how bad the dollar was turning into and upto this date the dollar is still becoming worst every year.

[fikrett]

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.

The only thing about Bitcoin that's mysterious is Satoshi Nakamoto.
There's nothing mysterious about blockchain technology. There's nothing mysterious about the BTC price growth, which happened in the last 15 years. OP, it seems to me that you have missed on everything that's going on in the crypto world during the last decade. You remember stuff, that happened back in 2008-2010, but you don't mention anything that happened in the last 10 years. Were you sleeping under a rock?
I agree with the "gaining wealth and financial freedom", but I don't agree that people had retired by investing in BTC. Maybe a few early adopters have become millionaires, but they are an exception.

I agree there. All the technicalities were discussed there and in other places for so many times, it's not even funny. If there is a demand for knowledge - it can easily be satisfied.
And yeah, I don't think there are so many adopters that held till that moment from the old days straight.

[maydna]

Perhaps for some people that is a joke in the beginning. But then they see a change from Bitcoin especially from the price that start to rise higher. Even when the price is dump so hard and back to the lower price, that will not stop Bitcoin to rise and finally we see how high Bitcoin price can reached so far.

It is normal if people thinks like that but if they want to follow Bitcoin journey, they will realize that is not a joke but is real because many people proves it.

The big mystery will be Satoshi Nakamoto. Who is him, or her or them. But that will not be a problem because Bitcoin still running until now and that helps many people especially their financial.

[Proty]

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.

I do not think Bitcoin started as a joke, it was not a memecoin that we joke around with today. Bitcoin started on a strong business note but many people did not take it serious and only those who did benefits now. Some mined Bitcoin as a joke or game to pass time when they had nothing doing but some people took it serious and invest money into it. I have read about the twins that got a settlement from Mark the owner of Facebook and invested into Bitcoin and cryptocurrency exchanges and they are now benefiting from considering Bitcoin as a serious business. Bitcoin was not created for wealth purposes only but was created as a currency because of how bad the dollar was turning into and upto this date the dollar is still becoming worst every year.

it is indeed a wrong mindset to think that bitcoin started as joke ,it only those that don't really know or have about the nature of bitcoin will ever think or have such perceptions about bitcoin starting as a joke.bitcoin block chain is something that was well thought out by satoshi, if we also look at the decentralised nature of bitcoin, its halving and lots more none of this looks like a joke.