Topic: Bitcoin or Netcoin ? (Read 689 times)

It has emerged that Satoshi Nakamoto, the anonymous founder of Bitcoin, might have had a different idea regarding assigning the name to the flagship cryptocurrency.

In particular, historical domain registration data shows that Bitcoin.org, the website linked to the original Bitcoin, registered on August 18, 2008, could have been named Netcoin.org. Interestingly, Netcoin.org was registered a day before Bitcoin.org was created.
The two domains were registered under AnonymousSpeech, a service that allowed users to buy domain names anonymously. Further research indicated that no content was ever posted on the Netcoin.org domain before being repurchased by another user.
Furthermore, Netcoin.org domain was later deleted before being taken up by a subsidiary of Web.com in 2010.

The success of Bitcoin.

It is worth pointing out that the decision to retain the name Bitcoin might have been crucial to the success of the cryptocurrency, helping minimize the number of individuals claiming to be Satoshi Nakamoto.

For instance, Australian Computer scientist Craig Wright has long stressed that he is Nakamoto with the issue moving to court.

In this case, Wright’s claim as Satoshi Nakamoto was considered by a London court, allowing the computer scientist to serve publishers of the Bitcoin whitepaper with copyright lawsuits.

Bitcoin.org publisher served
One of the publishers included the publisher of Bitcoin.org, known by the pseudonym Cøbra. The publisher, a United Kingdom resident, noted that he was ready to give up his identity to protect “the most important paper of the 21st century.”

In the meantime, Wright continues to battle to prove that he is Nakamoto. As reported by Finbold, Wright recently insisted that there were people who know him and can confirm that he indeed is Satoshi.

Wright has been labeled a scammer by crypto sector players, including Ethereum (ETH) co-founder Vitalik Buterin. According to Buterin, Wright was ruled out as Satoshi after he began sharing technically wrong things about Bitcoin and the crypto sector.

I suggest you read this entire topic, you might find the information you are missing.

By the way, what did you even mean by this?


Do you even know what the term "node" means? This is pure bullshit in my opinion and you clearly have no idea what you are talking about. So I suggest you stop spreading false information and spamming the forum. Or better yet, stick to the Altcoins board where your crap might be better received.

Yes. In the article it is mentioned that the Netcoin.org domain was listed one day before Bitcoin.org. But in the article does not show proof of registration. And they said that the domain was deleted, then re-registered in 2010. While I provide information based on what is presented on the Whois site.
Whereas in other statements, I only said "assume", which means that it may be true or it may be false. What is said with the word assumption does not have to be true.

Bitcoin is not a comparable one,you can’t compare the King to any pieces in th chess board.All the pieces in the board defend the King,likewise the bitcoin was defended by all the trusted nee cryptocurrency.All the new crypto emerging with the help of the bitcoin was defending the bitcoin.Bitcoin was safeguarding the other crypto currency in the past.Now the price of bitcoin will reflected in other crypto currency.

I think Satoshi was contemplating on which name suits his goal and he did got it right using Bitcoin as it flows with the digital inclination. Come to talk of it, it's all about machine language which needs something of linking to the name and activities for which it is setup. Though the registration of both looks similar that and identities  were all the same.

What the hell are you talking about? There is no "Netcoin node" or Netcoin test network. Where did you get that from?


There is nothing about the netcoin.org domain listed in the code. You got something wrong there. The only connection between the netcoin.org and bitcoin.org domains, as stated in the article, is that both domains were registered at the same time and with the same registry from Japan.

If we look at the two nodes that were developed, then Netcoin was developed one day before Bitcoin. Netcoin on the 17th and Bitcoin on the 18th of August. I assume that the Netcoin nodes are only for testing the main Bitcoin Core network system. But Bitcoin is also developed in a testnet version so it does not require Netcoin as a test network. Another assumption is that someone is trying to imitate Bitcoin with the same node but a different name, namely Netcoin.
If we check the netcoin.org site registration, the site registration year does not match what is stated in the code. One year after the code was developed, the website was registered.
Unlike Bitcoin, the year of registration of the website is 2008, while the launch of Bitcoin is 2009. This is more real than Netcoin.

The authenticity of that report can't be affirmed, so it might be true or not. Notwithstanding, Bitcoin is a perfect name because it's unique as nothing of such has been coined (named) before it. Nonetheless, Netcoin is not bad as well but it might not be a perfect name since "Net" is an acronym for the internet, so it might look too general. General in the sense that all the altcoins and shitcoins could be arguably regarded as Netcoin since they are coins on the internet. Even faits might name some online wallets similarly to that, which will make it even less unique.

All this is very interesting, the truth is I did not know that I had handled the Netcoin option, it is strange and it would feel strange if they said Netcoin, by pure convection Bitcoin sounds cooler, but it is interesting because there are records of it, and everything that took place From there, it has meant the entire history of more than 10 years fighting against the opinions of third parties, of governments where they attack Bitcoin as if it were the worst thing created by man, but it is the only one that can save man from a global economic disaster, for me it is, however when I repeat it in my head, Netcoin is also cool, however it seems excellent to me.

I guess Satoshi wanted to name it netcoin as “net” refers to internet and he wanted to create a coin based on internet?
But he choose Bitcoin as the name maybes because of “bit” is something related to coding, and actually behind bitcoin there is actually many open source codes, so he finally named it after it.
These all are assumptions, and don’t have solid proof to back it. So yes if Satoshi someday comes back and reveal the actual truth, then it will be apple’s pie for everyone.

new and in-depth information about the origin of the name Bitcoin, it is interesting because if only the name NETCOIN became possible today people would refer to Bitcoin as an internet coin not digital money, although maybe the name itself makes more sense, but in the end satoshi should prefer Bitcoin , which we have known all along and will continue to be Bitcoin forever

We have already established that the domain was registered for the first time in 2008, and that it was subsequently re-registered after it expired the following year.

I think the crypto currency community would have a different kind of feeling or something that makes you think, otherwise if it was called Netcoin or something else. I would’ve still preferred bitcoin rather than anything else.

A lot of companies that have bitcoin in their name would be kind of funny if it is netcoin. That’s just my take on it.

I don't think there were two different projects at all. We don't know if satoshi had registered entcoin.org but assuming that he did, it's almost sure that both the domain was registered for this single project. Maybe he wanted to name the project netcoin. NET of netcoin is taken from the internet as bitcoin is the coin of the internet but later on he changed his decision for some reason. Netcoin doesn't sound good either, to be honest, it sounds like some money-making project lol.

Like pooya87 mentioned, i doubt whether Satoshi was having any confusion on the name especially when the domain was registered and i have read majority of his public post and i do not remember him talking about Netcoin anywhere.

There was a shady coin in 2013 by the same name which was run by Leroy Fodor and there was a battle by Bruno Kucinskas to expose them back in the day.

I checked their domain and it was registered on 2010-05-05 and not as mentioned in the tweet.

Yes i saw that but other than the Sept 1 registry details we cannot see the details like it is shown by the OP, how OP got those details showing state code and country code etc to be precise.

This is good info. Maybe he had a team cast a vote and there was a tie between bitcoin and netcoin. Well, we will never know.  In my estimation, netcoin would have sounded just as good as bitcoin. And would have been as successful too. Basically, my thoughts are that it seems the name was the last thing he choose after developing the idea into a formidable project.

I think NetCoin would have worked a bit better for me.... just because everyone refer to the Internet as the Net.... and we know that Bitcoin consist of a Network of nodes. There are not a lot of people that knows about "Bits and Bytes" ...when you look at the general public, so association with a Network when it comes to a new digital currency, would just be easier to explain.

In the end it just boils down to "education" and building a "Brand" or recognizable symbol.... and that is up to all of us to do that for Bitcoin.   

That's some really interesting info.
What about the other info on the domain registrar. Nobody is saying anything about the city of Nakano in the province of Tokyo.
Is this Anonymousspeech LLC a company that was registered by Satoshi Nakamoto? I don't believe that Satoshi is Japanese. Perhaps he did this to fool everyone about being Japanese.
Netcoins sounds OK as a name, but Bitcoin is what we got used to in the last 12 years, so almost all the Bitcoiners would think that Bitcoin is a better name. The name doesn't matter that much. What matters is the concept. Would you still use Bitcoin, if it's name was Netcoin, Blockcoin or even Satoshicoin? 

For sure if Netcoin was really the name of Bitcoin, people will also love it and say it is a better name.
If it was Netcoin, the "net" is came from Internet word for sure which that make sense also if Netcoin was successfully really the name instead of Bitcoin, Bitcoin, "bit" is more likely technical.
Overall, Bitcoin and Netcoin for me are all good.

You can do a limited domain history search at: https://whoisrequest.com/history/

According to this tool, the domain was first created on September 1, 2008, which I think is close enough to what is stated in the article.