Seven Days of Bitcoin Creation
“And on the seventh day God finished his work that he had done, and he rested on the seventh day from all his work that he had done.” – Genesis bible 2:2
“And on the seventh day Satoshi finished his work that he had done, and he rested on the seventh day from all his work that he had done.” – Bitcoin Genesis
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- 03 Jan 2009 – Satoshi codes Bitcoin genesis block (Saturday)
- 09 Jan 2009 – Six days later block one is mined (Friday)
- 10 Jan 2010 – Satoshi rests. (Weekend)
- Original Bitcoin logo (BC)
Satoshi knew his creation would change the world; and he knew many false messengers would follow. Since 2009, the crypto markets have seen many interpretations of what Bitcoin is and what it is not. Many false messengers have falsely lead many followers astray. This article demonstrates that Satoshi coded the one and only vision in his writings; and any true follower can always reference and find the one true path. When in doubt, only trust the words of Satoshi Nakamoto. Beware of False Messengers!
Bitcoins Hidden 10 Commandments
When you ask, what is Bitcoin, people will direct you towards the Bitcoin whitepaper . What they won’t do is direct you to the original draft source code, key writings and messages left by Satoshi himself. The Bitcoin 10 commandments are a hidden message to what Satoshi was building and hence what Bitcoin truly is.
- Peer-to-Peer Electronic Cash
- Timechain (renamed by others to Blockchain). Looking back Timechain is a much better naming. Bad actors can easily modify one transaction or block, but its impossible to go back and edit the historical timeline.
- Proof-of-work . The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.
- Proof-of-work difficulty adjustment. To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they’re generated too fast, the difficulty increases.
- Distributed Network The steps to run the network are as follows:
- New transactions are broadcast to all nodes.
- Each node collects new transactions into a block
- Each node works on finding a difficult proof-of-work for its block
- When a node finds a proof-of-work, it broadcasts the block to all nodes
- Nodes accept the block only if all transactions in it are valid and not already spent
- Nodes express their acceptance of the block by working on creating the next block in the chain, using the hash of the accepted block as the previous hash.
- Incentive. Mining rewards to protect the network and keep nodes honest.
- Simplified Payment Verification. Verify payments without running a full network node
- Marketplace. Buy and sell physical and digital good and services. (from original source code)
- Reputation Mechanism. (from original source code)
- Privacy
Hidden Clues Within Bitcoin
It is well known that the Genesis block, the very first block of data in Bitcoin contained a “secret” message. This message was stored in the coinbase, a part of a Bitcoin block that is filled in by the miner who mines a Bitcoin block. Along with the standard data, the original transaction also contains the message: ‘The Times 03/Jan/2009 Chancellor on brink of second bailout for banks’.
Satoshi Nakamoto also included a second ‘encrypted’ version of the famous Times headline in the pseudocode for the coinbase transaction of Bitcoin’s genesis block. There is a variable that contains a hexadecimal string. After converting it to alpha-numeric text, it reads:
‘sknab rof tuoliab dnoces fo knirb no rollecnahC 9002/naJ/30 semiT ehT’
Now read that right to left! ‘The Times 03/Jan/2009 Chancellor on brink of second bailout for banks’
What Else is Hidden in Plain Sight?
Coming soon…
