Truecurrency (OP)
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March 14, 2015, 10:31:22 PM |
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Hey how did did it take for satoshi to make the blockchain?
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picolo
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March 14, 2015, 11:49:28 PM |
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Hey how did did it take for satoshi to make the blockchain?
In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".[8][9][10][11] In January 2009, the bitcoin network came into existence with the release of the first open source bitcoin client and the issuance of the first bitcoins,[9][12][13][14] with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins. The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John’s.[9] On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or "block chain" which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.[15][16] On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol.[17][18] This was the only major security flaw found and exploited in Bitcoin's history.[15][16] http://en.wikipedia.org/wiki/History_of_Bitcoin
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Brontide
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March 14, 2015, 11:54:03 PM |
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pic very nice information you have there but no one truly knows how long he spent on this project hell for all we know he spent a lifetime planning and thats why it was near enogh perfect when released except the bug outlined above to only have one major bug in the software takes a genius especially on such a complex matter
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Hazir
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★Nitrogensports.eu★
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March 15, 2015, 12:03:12 AM |
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True genesis of bitcoin is not really well documented at all. Besides these facts taken from wikipedia we really don't know much. We do not know how long and since when 'Satoshi' was working on creation, then perfecting and finally implementation of whole concept known as blockchain. We don't even know if satoshi was a person or a group of scientists or maybe he worked for and was part of some organisation or government agency. Creation of bitcoin is shrouded in mystery and I am afraid it will be forever...
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crazyearner
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March 15, 2015, 12:13:25 AM |
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Not much is known as to how long it really took him to make but a lot of code sure has gone into making Bitcoin and made it completely open source so everyone in the future can also edit made copy's and make their own pretty amazing could of made closed and not done but so much has come since BTC and many brothers and sisters of Bitcoin and many clones some really good ones and too many scam or just pump dump BS. Would be Nice for satoshi to come back and give a nice chat and some statements and a massive update to what he did why he created it and left. Satoshi come back and give updates and make some more new coins.
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Truecurrency (OP)
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March 15, 2015, 12:27:17 AM |
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pic very nice information you have there but no one truly knows how long he spent on this project hell for all we know he spent a lifetime planning and thats why it was near enogh perfect when released except the bug outlined above to only have one major bug in the software takes a genius especially on such a complex matter
Yea was wondering how much time he spent before he published the bitcoin whitepaper.
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Eastfist
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March 15, 2015, 12:29:49 AM |
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Hey how did did it take for satoshi to make the blockchain?
Fast. It's a lot simpler than most people make it out to be.
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randy8777
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March 15, 2015, 01:19:44 AM |
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Not much is known as to how long it really took him to make but a lot of code sure has gone into making Bitcoin and made it completely open source so everyone in the future can also edit made copy's and make their own pretty amazing could of made closed and not done but so much has come since BTC and many brothers and sisters of Bitcoin and many clones some really good ones and too many scam or just pump dump BS. Would be Nice for satoshi to come back and give a nice chat and some statements and a massive update to what he did why he created it and left. Satoshi come back and give updates and make some more new coins.
talking about clone coins, most people know ltc, doge, drk, nmc and all others, but what was the second coin after bitcoin? can't find much about it. and was it a 1:1 clone or did it have improvements.
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Bit_Happy
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A Great Time to Start Something!
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March 15, 2015, 01:26:53 AM |
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Hey how did did it take for satoshi to make the blockchain?
He was able to create his masterpiece in under 10 days, but it took almost 18 years to fly here in his spaceship! In case you don't know, when Satoshi returns rides on his ship will cost only 10 BTC.
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gentlemand
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Welt Am Draht
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March 15, 2015, 01:35:32 AM |
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Hey how did did it take for satoshi to make the blockchain?
Fast. It's a lot simpler than most people make it out to be. Yup. I knocked one out in an hour or so in 1997 when I was stuck waiting for a bus. I was originally going to buy a bar of chocolate and pick my nose but then decided it would be less calorific to create a decentralised currency. I was just about to forge the genesis block when my bus arrived. I had some top boogers to deal with so I deleted everything. Hey ho.
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thew3apon
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March 15, 2015, 01:45:13 AM |
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I would think that the inception of it was a long process gaining all the knowledge for it.
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RoadStress
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March 15, 2015, 01:50:36 AM |
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True genesis of bitcoin is not really well documented at all. Besides these facts taken from wikipedia we really don't know much.
Just like the BigBang
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thew3apon
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March 15, 2015, 01:52:26 AM |
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True genesis of bitcoin is not really well documented at all. Besides these facts taken from wikipedia we really don't know much.
Just like the BigBang One day it will be remembered as one of the wonders of the world. Archive this post so I can be the first to say it.
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jdbtracker
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March 15, 2015, 02:46:13 AM |
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Years of study, meditation thought went into it... the history was well known on the cryptography forums; The powers that be were too powerful, every attempt had been thwarted. It was the amalgamation of decades of research from thousands of contributors, every attempt was studied and analyzed, all eventualities and paths had to be thought; there are originals from that work floating around. The First Blockchain existed before the official blockchain, if you look around this forum, you can find pieces of the original: From this we can see the bitcoin prototype. formed by collaborators from the cryptography forum.
I haven't checked the code myself but I can imagine that Bitcoin prototype was much different than the official Bitcoin client; Only pieces of the code are known. the one that I saw had only parts of the entire system working, available only for inspection nothing more without revealing anything of the main design.
The true History is out there, but there are many peoples accounts to consider, to put all the pieces together and truly see what a monumental achievement this was. It was the work of many people collaborating through space and time, hoping their words would be heard by someone who had a solution.
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If you think my efforts are worth something; I'll keep on keeping on. I don't believe in IQ, only in Determination.
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Bitcoinexp
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March 15, 2015, 06:37:18 AM |
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I think I read somewhere that Satoshi mined the genesis block for 7 days, mirroring God's creation of the world either directly or just a mere coincidence.
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Jamie_Boulder
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March 15, 2015, 07:25:18 AM |
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To add to this, does anyone know how long the idea of Bitcoin/blockchain was being brewed? have we carried out it's once planned vision?
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teukon
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March 15, 2015, 08:14:42 AM |
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The design and coding started in 2007.
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havecoch
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March 15, 2015, 09:06:50 AM |
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I remember seeing a reddit post about a while back when someone back in 2005-2006 posted an idea about a digital currency and it was speculated that it was satoshi who was working on the development then. But I would still say would have been close to 2-3 years for him to come up with the idea and develope it.
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Kprawn
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March 15, 2015, 10:07:06 AM |
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Well after the aliens abducted him, it went quickly.... I think when someone finds a GREAT disruptive technology like this, he/she would have had little sleep to get it done. If it was a group of people, it would have been quicker... The thing is, we will never know.... Gavin often talked to him, it's a pity he did not ask him, when he was still active. Good question b.t.w OP }
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Daniel91
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March 15, 2015, 10:11:12 AM |
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Well after the aliens abducted him, it went quickly.... I think when someone finds a GREAT disruptive technology like this, he/she would have had little sleep to get it done. If it was a group of people, it would have been quicker... The thing is, we will never know.... Gavin often talked to him, it's a pity he did not ask him, when he was still active. Good question b.t.w OP } LOL you are right It's not the most important question really How long did it take for Satoshi to make the blockchain? More important is quality and security of this service and if Satoshi have some future plans regarding BTC. Nobody can answer this questions (only Satoshi), so we can just wait and see what happen next.
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