Sheila F

Wednesday, January 15th 2014

Sheila F

Sumerian Sarko

Tuesday, January 14th 2014

Sumerian Sarko

Blayklotz

Monday, January 13th 2014

Blayklotz

Shildoreth

Saturday, January 11th 2014

Shildoreth

Coinmania! Bitcoin Is Historically Important, Isn't Crazy and May Already be Obsolete

Friday, January 10th 2014

The description of Bitcoin was released on the 1 November 2008 by a person calling himself Satoshi Nakomoto. You can read his post to the cryptography mailing list here.

The first version of the software was released on the cryptography mailing list on the 9 January 2009.

Here's Hal Finney, one the first people who responded to the release writing about what happened in March 2013:

For those who don't know me, I'm Hal Finney. I got my start in crypto working on an early version of PGP, working closely with Phil Zimmermann. When Phil decided to start PGP Corporation, I was one of the first hires. I would work on PGP until my retirement. At the same time, I got involved with the Cypherpunks. I ran the first cryptographically based anonymous remailer, among other activities.

Fast forward to late 2008 and the announcement of Bitcoin. I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it.

When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction.

I was more positive. I had long been interested in cryptographic payment schemes. Plus I was lucky enough to meet and extensively correspond with both Wei Dai and Nick Szabo, generally acknowledged to have created ideas that would be realized with Bitcoin. I had made an attempt to create my own proof of work based currency, called RPOW. So I found Bitcoin facinating.

When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them.

Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs.

After a few days, bitcoin was running pretty stably, so I left it running. Those were the days when difficulty was 1, and you could find blocks with a CPU, not even a GPU. I mined several blocks over the next days. But I turned it off because it made my computer run hot, and the fan noise bothered me. In retrospect, I wish I had kept it up longer, but on the other hand I was extraordinarily lucky to be there at the beginning. It's one of those glass half full half empty things.

(He goes on to reveal that he has been struck down by Lou Gehrig's disease and was using an eye-tracking system to type the post. A brave man indeed.)

Since 2009, Bitcoin has - obviously - taken off :-).

Kreekohammobak Moon

Friday, January 10th 2014

Kreekohammobak Moon

We're at the bottom of page 87.

Click a page number above to go to that page.