Nakamoto

Introduction
The identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin, has remained one of the most enduring mysteries in the world of technology. While countless theories and speculations have been put forth, a definitive answer has eluded us. In this article, we delve into a compelling hypothesis that positions David Braben, a renowned developer and the co-writer of the classic video game "Elite," as a potential candidate for the coveted title of Bitcoin's founder.
The Significance of January 3rd
The genesis block of Bitcoin was mined on January 3, 2009. This seemingly arbitrary date has intrigued researchers and enthusiasts alike. While the exact reason behind Nakamoto's choice remains unclear, it's worth noting that David Braben's birthday is on January 2nd. This temporal proximity might suggest a personal connection or significance for Braben, potentially linking him to the creation of Bitcoin.
A Developer of Extraordinary Skill
David Braben's credentials as a software developer are impeccable. His work on "Elite," a groundbreaking space trading simulator released in 1984, showcased his ability to create complex and innovative systems. The technical prowess required to develop Bitcoin, a decentralized digital currency, aligns with Braben's proven capabilities.
Resources and Team
While Satoshi Nakamoto operated anonymously, it's highly likely that he had access to significant resources and a team of collaborators. As a well-established figure in the gaming industry, Braben would have had the connections and influence to assemble a talented group of developers to assist in the creation of Bitcoin.
A New Path: From Bitcoin to Raspberry Pi
One of the most intriguing aspects of Braben's potential connection to Satoshi Nakamoto is his subsequent involvement in the Raspberry Pi project. In his final tweet as Satoshi, Nakamoto stated, "I have moved on to other things. It's been a fun ride." This statement could be interpreted as a hint that Nakamoto was transitioning to a new project, which aligns with Braben's involvement in the development of the Raspberry Pi.
Financial Incentives
The financial incentives associated with Bitcoin's success are undeniable. While it's challenging to quantify Braben's exact holdings, it's reasonable to assume that as one of the early pioneers of the cryptocurrency, he would have benefited significantly from its rise in value.
Conclusion
While definitive proof is elusive, the evidence presented in this article strongly suggests that David Braben is a credible candidate for the identity of Satoshi Nakamoto. His technical expertise, access to resources, and involvement in subsequent projects align with the characteristics of the mysterious Bitcoin creator. As further research and analysis are conducted, the truth behind Satoshi Nakamoto's identity may finally be revealed.
#bitcoin #satoshi #nakamoto #btccreator #btc

#bitcoin , the pioneer of #cryptocurrencies , emerged in the aftermath of the 2008 global financial crisis, introducing a revolutionary concept of decentralized digital currency. Its origin can be traced back to a pseudonymous individual or group known as Satoshi Nakamoto, who released the Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" in October 2008. #nakamoto 's true identity remains shrouded in mystery, adding an intriguing layer to Bitcoin's narrative.The whitepaper outlined a vision for a peer-to-peer electronic cash system that operated on a decentralized network using blockchain technology. The groundbreaking aspect of Bitcoin was its ability to enable trustless transactions without the need for intermediaries like banks. The underlying technology, blockchain, is a distributed ledger that records all transactions across a network of computers, ensuring transparency and immutability.THE CREATORIn January 2009, Nakamoto mined the first block of the Bitcoin blockchain, known as the "genesis block" or "Block 0." This marked the birth of the Bitcoin network, and Nakamoto embedded a message in the coinbase parameter of this block, referencing a headline from The Times newspaper: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." It was a poignant commentary on the instability of traditional financial systems and a hint at Bitcoin's potential as a decentralized alternative.HOW IT WORKSBitcoin mining, the process by which new bitcoins are created and transactions are added to the blockchain, became the backbone of the network. The finite supply of 21 million bitcoins ensured scarcity, drawing parallels to precious metals like gold.Over the years, Bitcoin has experienced significant price volatility, attracting attention from investors, speculators, and mainstream institutions. Its decentralized nature and the concept of "digital gold" have fueled debates about its role in the future of finance.In conclusion, Bitcoin's origin is rooted in a response to the flaws of traditional financial systems, offering a decentralized alternative with the potential to redefine the way we perceive and engage in transactions. Satoshi Nakamoto's vision has sparked a global movement, leaving an indelible mark on the evolution of digital currencies.#BTC #etf $BTC $BNB $USDC

Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years.
First 4 years: 10,500,000 coins
Next 4 years: 5,250,000 coins
Next 4 years: 2,625,000 coins
Next 4 years: 1,312,500 coins
etc...
When that runs out, the system can support transaction fees if needed. It's based on open market competition, and there will probably always be nodes willing to process transactions for free.
#Satoshi #Nakamoto
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This text is part of the Bitcoin whitepaper, written by Satoshi Nakamoto, and explains how Bitcoin’s issuance process works. Here’s what it means:
1. Total Supply of $BTC :
Bitcoin’s supply is capped at 21 million coins, meaning no more coins can ever be created. This makes Bitcoin a scarce and valuable asset, similar to gold.
2. #HALVİNG Process (Reward Reduction):
Bitcoin is mined by validating transactions through a decentralized network. Miners receive rewards in the form of new bitcoins, but this reward is cut in half approximately every 4 years (a process known as halving).
For example:
First 4 years (2009–2012): 10,500,000 bitcoins were mined.
Next 4 years (2012–2016): 5,250,000 bitcoins.
This process continues, with the reward decreasing every 4 years, until the total supply is mined.
3. When All Bitcoins Are Mined:
It’s estimated that all 21 million bitcoins will be mined by the year 2140. At that point, miners will no longer receive new bitcoins as rewards. Instead, they will earn transaction fees from users.
4. Why This Design?
The purpose of this system is to prevent inflation, unlike fiat currencies, which can lose value due to excessive printing. Bitcoin’s fixed supply and gradual reduction in rewards ensure its scarcity and growing value over time.
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Benefits of Bitcoin:
1. Protection Against #Inflation :
Bitcoin’s limited supply makes it resistant to inflation, unlike traditional currencies, whose value can decrease over time.
2. Financial Inclusion:
Bitcoin allows anyone with an internet connection to participate in the global economy, especially in regions where banking services are limited.
3. Fast and Low-Cost Transactions:
Bitcoin enables quick and cost-effective transfers worldwide, without relying on intermediaries like banks or remittance services.
4. Decentralization and Transparency:
Bitcoin operates on a decentralized blockchain, meaning no single entity controls it. Additionally, all transactions are publicly verifiable, ensuring trust and security.
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Bitcoin’s unique design ensures that it is scarce, secure, and resistant to inflation, making it a revolutionary financial tool for individuals, businesses, and even nations.
#USJoblessClaimsDrop

Imagine this: you’re building your dream—a decentralized app, a token, a vision. You pour in everything: time, money, hope. Then, in a flash, the network collapses. Someone rewrites transactions, steals assets, and your project sinks into chaos. How do you shield yourself from this nightmare? The answer lies in a mysterious metric—the Nakamoto Coefficient. It’s not just a number; it’s your compass in the wild world of blockchains, revealing how sturdy your foundation really is.
The Nakamoto Coefficient measures decentralization. It counts how many players—nodes, miners, validators—must band together to seize 51% of a network. A high coefficient means an attack is a Herculean task, with countless guardians standing watch. A low one? That’s a red flag: the network’s fragile, and your creation’s at risk.
Back in 2017, two brilliant minds - Balaji Srinivasan, ex-CTO of Coinbase, and Leland Lee—set out to give decentralization a face, a number. They were tired of vague claims: “This network’s free!” or “It’s got thousands of nodes!” They craved cold, hard truth. Inspired by Satoshi Nakamoto, they crafted the Nakamoto Coefficient. Before this, decentralization was a guessing game: How many miners? Who splits the hash rate? Answers drowned in fog. Srinivasan and Lee changed that, offering a way to count the hands needed to break a chain. It was a revolution, a new lens on a chaotic frontier.
The Nakamoto Coefficient is your armor. A low score signals danger—an attack 51% could rewrite your reality. A high one builds trust—no single puppet master pulls the strings. Most crucially: the more decentralized the network, the safer your ecosystem.
Let’s step into real worlds. Binance Smart Chain races ahead with a coefficient of 5 - 7. Just 21 validators, and 11 could seize it. It’s a castle with one key-fast, cheap, but brittle. Your product there? A sitting duck.
Ethereum, at 20 - 30, stands stronger. Thousands of validators, yet pools like Lido, holding 30% of the stake, weaken its walls. An attack could shake its ecosystem to the core.
Bitcoin, the pioneer, at 50–70. Its miners span the globe, a legion of power. But mining pools like Foundry and AntPool hoard chunks of hash rate. A handful could collude, dimming its decentralized crown.
Humanode - 515, backed by 1547 validators, each a person verified by biometrics. It’s a fortress. To crack it, you’d need 500+ minds in sync. Your creation here is untouchable.
Yet even this mighty tool has flaws. It can’t spot hidden alliances or code exploits. It shifts—solid today, shaky tomorrow. Still, it’s your sharpest guide through the blockchain maze.
The Nakamoto Coefficient is a clash of freedom and fragility. Building something? Stare at the NC. It’s not just picking a network—it’s crafting a future no one can shatter. In a realm where one slip costs billions, it dares you to choose wisely.
#blokchain #Humanode #bitcoin #Ethereum #Nakamoto

David Bailey, CEO of media group BTC Inc. and advisor to U.S. President Donald Trump on cryptocurrency during the 2024 election campaign, is preparing to launch a public investment company focused on Bitcoin. This was reported by The Information, citing related sources.