Topic: Foundation of Bitcoin Market (Read 386 times)

The technicalities that comes with providing an answer that meets your questions satisfactorily is something that will literally not be common amongst those who will reply on this thread. The time I got to know about Bitcoin was mainly around the time the Blockchain was still very much the most available and trusted Bitcoin wallet a.d then we had to look for those who has I'm a way gotten Bitcoin and buying from them but for an official market known for the trade of Bitcoin as at then I may not have known if there were others but to the best of my knowledge was the above stated.

And even more clearly! Decentralised does not mean that an average of 15,000 full nodes in a maximum of 25 data centres are "mining" something. In terms of the idea of the #BitCoin network, decentralised means that 2 billion end devices distributed worldwide and installed as full nodes represent the entire #BitCoin network.

Today, Blackrock and Vandguard are invested in the main data centres, which clearly means that the #BitCoin network has been taken over cold. Of course, it is also possible that you are one of their co-operation partners! Is that you? Do you really think I was stupid enough not to observe this in recent years?

You are welcome to pass this on to Larry and Gary. You're free to do so, they know what's coming anyway.

That's exactly the basic idea behind the pseudonym Satoshi Nakamoto! It's very easy to understand the social and societal impact this has. Today it has a different pseudonym that seemed appropriate to the situation of the "next project".

So, make an effort to solve the puzzle?

Read again very carefully! It is not the #BitCoin network that is corrupt. The idea of the #Bitcoin network has been corrupted. So, repeat after me: The idea of the #BitCoin network has been corrupted by exploiting the idea by establishing it as a market platform for speculative financial transactions.

Does that make sense to you?

Proof of knowledge?

Gödel, Shannon, Wittgenstein!

Let's just say that it's not easy for a clever mind like yours to work out what that means in terms of computer science and was basically the "next project". It's really not difficult, you just have to be able to do the puzzle. Can you do that?

So you went from looking for the origins of the Bitcoin Market to lamenting on how Bitcoin network is corrupted? Wow.

There is nothing absurd here. The fact the one has to invest and mine coins in order to get rewarded is what makes the network more secure and decentralized. Ask yourself why it's currently so hard to pull off an attack such as the 51% attack on the network? It's super expensive and not worth it.

Go on, show us your “genius” proof of Knowledge consensus

The question for me is that no one - not even the core developers - realised that the entire #BitCoin network had been corrupted?

Were you asleep?

There is an overall misunderstanding here. #BitCoin is a use case for the BlockChain technology. Another use case would certainly have been possible. The idea of mapping services - hence the concept of the Proof of Work - directly between two counterparties, thus creating a value equalisation *without* monetary transactions, was the actual background to developing a coin as a transaction value, which then gives both counterparties the opportunity to trade *directly* with other counterparties. We do not need to discuss the basis of the technology and the fundamentals of eBusiness payment systems here. This is sufficiently well known today.

Of course, this idea also has a social and societal impact. Labour and services in general then belong to the person who provides them. He or she then sets the price with a counterpart. This is based on how valuable the corresponding service in return is deemed to be. In 2005, when the first ideas were developed, this was a novelty. In 1995, nobody would have believed that the Internet would become one of the biggest trading platforms and marketplaces of all time. From that point of view, sponge over it.

What we unfortunately didn't develop or underestimated in 2008 was the fact that peer-to-peer would be corrupted. In this case, this means that not everyone who wants to participate in the Bitcoin network will also provide a terminal device. Only then does the peer-to-peer infrastructure make sense. The #BitCoin itself is merely the reward for a person making a computer available to the entire infrastructure. The idea of building data centres in order to then run a business based on electricity and fossil energy suppliers, which supposedly mines this coin worth its weight in gold out of nothing, makes this idea absurd.
That is why we have decided to intervene! And to publish two still open fragments of the idea in a timely manner. Among other things, there will be a new consensus procedure "Proof of Knowledge" to give the one or other #SatoshiNakamoto fairy tale its rightful place.

Larry and Gerry, boys, get warm! It's time!

He is trying to say that investors should invest in Bitcoin through investment funds, which they can manage, track and monitor all their assets, instead of buying Bitcoin directly, and the government may not be able to prevent you from using your money or force you to spend it however they want, but I see that the approval is positive, so now institutional funds. It has access to something legal, while individuals can invest in the shares of these funds or buy Bitcoin directly.

Thank you very much for the detailed answers. I am very pleased about the interest. I've been reading the press over the last few days. Among other things, a clear statement by Gensler from the SEC. #BitCoin ETFs are legal financial instruments, but #BitCoin itself and especially the #BitCoin network is an unleaglised platform.

That's a paradox! Clearly, Satoshi Nakamoto is being portrayed as someone who implemented a platform by developing the Boclkchain with the use case of a platform for financial transactions within eBusiness - let's travel back to 2006 / 07 to see exactly what was offered there on the subject of payment - who is said to have acted criminally.

Tell Gensler he's crazy! Like all Romans! Stay tuned and enjoy!

What a shameful act done by those credit card companies. as OP said they nailing their own coffins by doing that. because no one would stop buying bitcoin. people simply switch from those credit cards or use other methods. I wonder, how far these Banks can go in the hatred of Bitcoin,?

Yeah, P2p is a good option. but I think some Exchanges which are regulated in countries provide purchase details to banks and govt. also some P2P traders who buy/sell bitcoins tells their banks that the money they are receiving comes from Crypto trading. so you still need to be careful when buying in p2p.

the one particular marketplace we are discussing here was Created by a Guy (user)named "dwdollar " in this forum. as Logfiles mentioned. if you bother to check the thread link mention in first reply of this post you'll learn pretty much everything about that. and No Satoshi Nakamot was not involved in that marketplace. btw everyone can create crypto exchanges or marketplaces.. speaking of that person's intentions. we can never know. and it is been almost 13 years and that marketplace is gone for good now.

Have you taken your time to check through the threads and links members shared to you, or you completely want to be spoon-fed? I don't see Satoshi getting involved in that Bitcoin Marketplace unless if I missed something, so I am wondering why you are obsessing about him being the creator.
Besides, it's not like you are going to find him and interview him about it.

And who created this first marketplace? Satoshi Nakamoto himself or a third party whose intentions are presumably concealed?

This forum is a time portal. You can use the search feature and refer back to topics until 2010, which was the early days of Bitcoin and most of the deals that were made were P2P, as it was easy to mine Bitcoin with computers and therefore there was no urgent need to buy. People started buying Bitcoin with the first HALVING and from 2011 The platforms began to appear until 2013 as the first Bitcoin exchange rates to take into account the average price from several platforms.

Just chekced that thread, I think it was the second exchange to actually do real trading, activated after almost 3 months in trading simulation mode. Check out this post, https://bitcointalksearch.org/topic/m.726
The first Bitcoin price determination on the exchange was based on the exchange owned by @NewLibertyStandart.

In case you wanna try searching for posts in the forum about this, I recommend ninjastic.space since you could try to filter posts by keywords more effectively. For instance, here's "bitcoinmarket.com", see: https://ninjastic.space/search?content=bitcoinmarket.com


Hmmm. probably join online communities for such? from what I have observed, I don't think people here are fond of it lol.


Nothing available publicly from what I can see...

The internet is your friend. You just need to do some small searching around... But the information regarding conspiracy theories might be limited

Start with this thread - https://bitcointalksearch.org/topic/new-exchange-bitcoin-market-20
Archive - http://web.archive.org/web/20110910173612/https://www.bitcoinmarket.com/

Some articles that briefly mention Bitcoin market
1. https://ramp.network/blog/evolution-of-crypto-onboarding
2. https://www.cryptohopper.com/blog/what-was-the-first-crypto-exchange-449
3. https://dyor-crypto.fandom.com/wiki/Bitcoinmarket.com
4. https://news.bitcoin.com/bitcoin-history-part-6-the-first-bitcoin-exchange/

I am looking for valid information about the first marketplace "Bitcoin Market" on which Bitcoin was traded as an investment. Is there any information on this, including absurd conspiracy theories or actual participants in the aforementioned marketplace? Who was the founder of the "Bitcoin Market" marketplace? When was "Bitcoin Market" founded? Is there any information that the FBI and / or SEC are searching for Satoshi Nakamoto?