When Was Bitcoin Created? Who Created It?

New to Bitcoin? Confused? Need help? You've come to the right place.

Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
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Finman

A community to talk about how we can use technology to make a new better society and have fun while doing it.
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Take your shoes off (and put them on your head)

Bitcoin's less serious side, a subreddit for the community of bitcoin users, not just speculatards. You will find no cultists here.
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Imagine how you would feel if Adam Back of Blockstream suddenly announced that he was going to take 8% of all new BTC created on the network to fund infrastructure for Bitcoin.

That is how you should also feel about Amaury of ABC's plan that he is going to take 8% of all new BCH created on the network to fund infrastructure for Bitcoin Cash.
submitted by MemoryDealers to btc [link] [comments]

Anyone remembers how ~much subscribers there were on r/Bitcoin at the time when r/btc was created?

How much subscribers moved to btc when it was created? Currently Bitcoin is 5/6 times larger than btc, I wonder what was the difference in the first year when btc was just created.
submitted by walerikus to btc [link] [comments]

08-17 08:44 - 'Literally how ripple was created.' (self.Bitcoin) by /u/popaskizba removed from /r/Bitcoin within 5-15min

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[SUPER MONEY! The REVOLUTION in Digital Currency has arrived! THIS is BITCOIN 2 0!]1
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Literally how ripple was created.
Go1dfish undelete link
unreddit undelete link
Author: popaskizba
1: *w**youtube.c*m/*a**h?v=*joYE*mexmU
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Everyone (particularly BTC fans) should read and reread this until they understand what problem Bitcoin was created to solve, and how it solved the problem. Even if you don't understand the technical details, every token owner should understand the basic value proposition of the token they hold.

This was spurred by a recent conversation with a BTC maximalist who obviously hasn't read the white paper and wasn't even aware it contained a description of the "problem statement" that Bitcoin was intended to solve.
I encourage someone who still has posting privileges in rbitcoin to post the following text there along with the emphasis so that it can reach more BTC holders.
emphasis mine

INTRODUCTION

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non- reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.

TRANSACTIONS

We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
The problem of course is the payee can't verify that one of the owners did not double-spend the coin. A common solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending. After each transaction, the coin must be returned to the mint to issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent. The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank.
We need a way for the payee to know that the previous owners did not sign any earlier transactions. For our purposes, the earliest transaction is the one that counts, so we don't care about later attempts to double-spend. The only way to confirm the absence of a transaction is to be aware of all transactions. In the mint based model, the mint was aware of all transactions and decided which arrived first. To accomplish this without a trusted party, transactions must be publicly announced [1], and we need a system for participants to agree on a single history of the order in which they were received. The payee needs proof that at the time of each transaction, the majority of nodes agreed it was the first received.
http://bitcoin.com/bitcoin.pdf
submitted by jessquit to btc [link] [comments]

What was Satoshi Nakamotos purpose for creating bitcoin. How can it replace other currencies and why does it inherently have value, once they’re all mined?

submitted by Aspanu24 to conspiracy [link] [comments]

Bitcoin was not created to be a store of value - why? Because this already exists, i.e., Gold, and like Bitcoin its market realized in 2009 that fiat is not worth the paper it’s printed on. Here is how people ran to the store of value in 2009. Why fix the store of value while fiats are the problem?

Bitcoin was not created to be a store of value - why? Because this already exists, i.e., Gold, and like Bitcoin its market realized in 2009 that fiat is not worth the paper it’s printed on. Here is how people ran to the store of value in 2009. Why fix the store of value while fiats are the problem? submitted by wisequote to btc [link] [comments]

Only 11 years since Bitcoin was created and we are right back where we started. How long can this go on for?

Only 11 years since Bitcoin was created and we are right back where we started. How long can this go on for? submitted by Empire_Building101 to Bitcoin [link] [comments]

@cz_binance: #Bitcoin was created after the last financial crisis. It has risen 9,000,000% in the last 10 years when fiat and stocks were strong. How do you think it will do in the next financial crisis?

@cz_binance: #Bitcoin was created after the last financial crisis. It has risen 9,000,000% in the last 10 years when fiat and stocks were strong. How do you think it will do in the next financial crisis? submitted by rulesforrebels to BinanceTrading [link] [comments]

BTG was created to offer a fair option, even to small miners, by creating a truly decentralized network.The mining stats show how hashrate is distributed among 13 + different services. miningpoolstats.stream/bitcoingold #gpu #mining #cryptocurrency #bitcoin #decentralized @miningpoolstats

BTG was created to offer a fair option, even to small miners, by creating a truly decentralized network.The mining stats show how hashrate is distributed among 13 + different services. miningpoolstats.stream/bitcoingold #gpu #mining #cryptocurrency #bitcoin #decentralized @miningpoolstats submitted by Asabmoni to BitcoinGoldHQ [link] [comments]

How BitcoinSV Was Created - A Short Film Dedicated to All Fans of The Real Bitcoin - BSV!

How BitcoinSV Was Created - A Short Film Dedicated to All Fans of The Real Bitcoin - BSV! submitted by cryptorebel to bitcoincashSV [link] [comments]

A microcosm of manipulation. How half a billion was 'created' in 2 minutes with a volume of less than 1 bitcoin

A microcosm of manipulation. How half a billion was 'created' in 2 minutes with a volume of less than 1 bitcoin submitted by xcryptogurux to CryptoCurrency [link] [comments]

Bitcoin and Friends Episode 3 - How Bitcoin Threatens the Status Quo and Why It Was Created

Bitcoin and Friends Episode 3 - How Bitcoin Threatens the Status Quo and Why It Was Created submitted by SuperSiayuan to Bitcoin [link] [comments]

Can a country who's inflation rate is astronomically high like Vietnam just make a new currency, like how Bitcoin was just created out of nowhere, and use that as their standard instead?

Secondary question, could the US buy Bitcoins and use those to pay off the national debt?
Hows about using said purchased Bitcoin or other crypto currency for any future projects/endeavors?
submitted by Xiaxs to NoStupidQuestions [link] [comments]

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created submitted by scotty321 to btc [link] [comments]

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created.

From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
submitted by normal_rc to Bitcoincash [link] [comments]

Please audit my explanation of how Bitcoin BTC was hijacked, and why Bitcoin Cash was created.

How Bitcoin BTC Was Hijacked, and Why Bitcoin Cash Was Created.
From 2009-2015, Bitcoin BTC was run by programmers like Satoshi Nakamoto, Gavin Andresen, Mike Hearn, and promoted by people like Roger Ver. Most in this community tended to lean libertarian, and liked Bitcoin BTC's potential to take power away from governments & central banks.
Satoshi left the project. In the spirit of openness & freedom, Gavin & Mike naively made the mistake of letting too many bad actors (like Blockstream) gain access to the Bitcoin BTC project.
The Blockstream side had more money, and they had Theymos (who controls the #1 & #2 Bitcoin communities - rBitcoin & BitcoinTalk.org). As a result, they were able to push enough of the community into believing that small blocks were the way to go.
As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy.
From Mike Hearn:
"..After Blockstream successfully took over Bitcoin Core and expelled anyone who opposed them, Gavin and I forked Bitcoin Core to create Bitcoin XT, the first alternative node implementation to gain any serious usage. The creation of XT led to the imposition of censorship across all Bitcoin discussion forums and news outlets, resulted in the creation of this sub, and Core supporters paid a botnet operator to force XT nodes offline with DDoS attacks.."
Gavin & Mike were pushed out.
Even Brian Armstrong, the CEO of Coinbase, was censored by rBitcoin back in 2015:
"I just unsubscribed rBitcoin and subscribed /btc" - Brian Armstrong, CEO of Coinbase (largest fiat gateway for crypto), Nov 2015
Ethereum founder Vitalik Buterin talks about the absurd censorship on rBitcoin:
By 2016, the Bilderberg Group & AXA funded Blockstream, and the takeover was complete.
Any talk about "big blocks" and "low fees" was banned.
In August 2017, another attempt to create a "big block" fork happened, thus creating Bitcoin Cash (BCH). And learning from the defeat of Bitcoin XT, this time around, Bitcoin Cash made sure they had the support of big miners, so the Blockstream / Bitcoin Core side couldn't use a botnet to DDoS it to death in the cradle.
So that is where we are today.
https://www.yours.org/content/how-bitcoin-btc-was-hijacked--and-why-bitcoin-cash-was-created-24c7314b8b8f
submitted by normal_rc to btc [link] [comments]

Bitcoin and Friends Episode 3 - How Bitcoin Threatens the Status Quo and Why It Was Created

Bitcoin and Friends Episode 3 - How Bitcoin Threatens the Status Quo and Why It Was Created submitted by SuperSiayuan to CryptoCurrency [link] [comments]

"How would Zcash be added to Bitcoin Cash?" -- "No, script and wallets http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf … ZCash came from Zerocoin. This was a Bitcoin project before Core/Blockstream divided it and created a scenario that divided Bitcoin and made an Alt (yet again)"~ Dr. Wright

submitted by Windowly to btc [link] [comments]

Data visualization of Charlie's recent reflection on how LTC has grown over time: "When I launched Litecoin, the market cap of Bitcoin was, I think, $50 million. Litecoin today has a $3 billion market cap, 10x what Bitcoin was when I first created Litecoin. That was totally unexpected."

Data visualization of Charlie's recent reflection on how LTC has grown over time: submitted by FiniteRegress to LitecoinMarkets [link] [comments]

/r/btc sidebar: "This sub was created to uphold and honor free speech and the spirit of Bitcoin"...LOL how can they live with themselves knowing they are such hypocrites.

/btc sidebar: submitted by satoshi_vision to bitcoincashSV [link] [comments]

/r/btc sidebar: "This sub was created to uphold and honor free speech and the spirit of Bitcoin"...LOL how can they live with themselves knowing they are such hypocrites.

/btc sidebar: submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Total nutter Bitcoin_forever explains how the Silk Road was created by the FBI and how thet manipulated Ross into running the site. When asked for evidence he says it's not needed. Just use common sense.

submitted by -Macro- to Buttcoin [link] [comments]

How Was Bitcoin Invented ? How Bitcoins Are Created? What is The History of Bitcoin: Super Easy Explanation ... How are Bitcoins created? How Are Bitcoins Created?

Bitcoin was created by Satoshi Nakamoto, (almost certainly) a pseudonym, that no one has been able to conclusively connect to an actual person or group of people to this day. Nakamoto vanished from the internet in 2011, leaving few clues as to who they might be. Over the years, many people have publicly claimed to be Satoshi, all failing to support the statement with indisputable facts. In an ... Who created Bitcoin? Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a ... Why was Bitcoin created? Mac. Follow. Oct 14, 2017 · 7 min read. To some, the fact that Satoshi, the “inventor of Bitcoin”, is an unidentified person or group of people, raises some red flags ... We created a Bitcoin Official wallet in accordance with the principles laid down by Satoshi Nakamoto, the creator of Bitcoin: The funds are safe and under your complete control. Light bitcoin wallet, download is not necessary. Open access to private keys and full control over the commission. Free anonymous Bitcoin Wallet without id verification. Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online payments on your computer. In any case, choosing a wallet is easy and can be done in minutes. Choose your wallet. Get Bitcoin. You can get Bitcoin by accepting it as a ...

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How Was Bitcoin Invented ?

What is The History of Bitcoin: Super Easy Explanation - https://blockgeeks.com/ We’ll start at the very beginning by understanding the history of blockchain... Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came... For the formation of this new virtual cash an open source program associates the companions along a system manufactured particularly for this reason. Not at all like most monetary forms, Bitcoin ... https://earncryptocurrencies.com. This video is unavailable. Watch Queue Queue #AllThingsBlockChain #LetsGoChangeTheWorld This Week we explore how we evolved from using Gold and Silver as a medium of exchange to the use of Bitcoin and other Crypto Currencies See links below ...

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