1/ The birth of Bitcoin: the mysterious origin of Satoshi Nakamoto 🧵
In 2008, the global financial crisis erupted, and the banking system was on the brink of collapse. In that year, a person using the pseudonym 'Satoshi Nakamoto' quietly published a white paper titled 'Bitcoin: A Peer-to-Peer Electronic Cash System'. This white paper forever changed the financial world. 👇
2/ Satoshi proposed a revolutionary concept in the white paper: a decentralized digital currency that does not rely on banks or governments, operating entirely on code and mathematical rules.
At the core of Bitcoin is blockchain technology—a public, transparent, and tamper-proof ledger that records every transaction. This is not only a technological breakthrough but also a challenge to the traditional financial system.
3/ On January 3, 2009, the Bitcoin network officially launched.
Satoshi mined the first block, known as the 'Genesis Block'. He left a message in the block:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
This phrase was the front-page headline of that day's (The Times) edition, mocking the fragility of the banking system. 👇
4/ The significance of this phrase in the genesis block is profound.
It not only records the time of Bitcoin's birth but also indicates Satoshi's original intention: to create a currency system that is not controlled by banks or governments. The birth of Bitcoin is a 'silent protest' against the traditional financial system.
5/ Who is Satoshi Nakamoto?
This question remains the biggest mystery in the cryptocurrency world.
Satoshi Nakamoto's true identity has never been confirmed, although many people claim to be Satoshi, none have provided conclusive evidence. It could be an individual or a team. Their anonymity has become a symbol of Bitcoin's decentralized spirit.
6/ Satoshi Nakamoto quietly retired in 2010.
After the Bitcoin network was running stably, they handed the codebase over to other developers and gradually faded from public view. Their last public communication was in 2011, where they said, 'I have moved on to other things.'
Since then, Satoshi Nakamoto has never appeared again.
7/ The birth of Bitcoin marks the beginning of the decentralized currency era.
It is not only a technological innovation but also a philosophy:
No need to trust third parties
Power returns to the individual
Transparency and fairness in the financial system
The spirit of Bitcoin has inspired countless successors and given rise to the entire cryptocurrency industry.
8/ Today, Bitcoin has become a part of the global financial system.
From its initial geek experiment to a trillion-dollar market cap, Bitcoin has come a long way. But regardless of price fluctuations, its core remains unchanged: a decentralized, censorship-resistant currency system.
9/ Satoshi's disappearance might be the final gift they left to the world.
They did not become the 'leader' of Bitcoin, nor did they attempt to control it. Their anonymity allows Bitcoin to truly belong to everyone. As they said in the white paper: 'The Bitcoin system is completely decentralized, and no single party can control it.'
10/ The story of Bitcoin is far from over.
It is not only a technological miracle but also humanity's pursuit of freedom and fairness. Regardless of what the future holds, Satoshi's vision will forever be etched in the history of blockchain.
"To the Moon." 🚀
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