Topic: How long did it take for Satoshi to make the blockchain? (Read 3434 times)

Yes i believe the same will be with bitcoin maybe less than 10-15years and using ebay as an example someone will create a decentralized ebay but for crypto without the massive fee's that will have people piling threw the crypto doors.

Would love to see the forum where he first hinted on the idea i would screen short that and add it to the crypto memory bank.

So we are saying it took anywhere from 5-10 years what i have got from this..

The sad thing is that Paypal's earliest incarnation was an attempt at BTC esque idealism and look what it became.

From here - http://money.howstuffworks.com/paypal3.htm

"Peter Thiel and Max Levchin founded PayPal in December 1998 under the name Confinity. Operating out of Silicon Valley, the idealistic vision of the company was one of a borderless currency, free from governmental controls.

However, PayPal's success quickly drew the attention of hackers, scam artists and organized crime groups, who used the service for frauds and money laundering.

New security measures stemmed the tide of fraud and customer complaints, but government officials soon stepped in. Regulators and attorneys general in several states, including New York and California, fined PayPal for violations and investigated the company's business practices. Some states, such as Louisiana, banned PayPal from operating in their states altogether."

Kinda familiar, no? 

I often ponder about how long he actually developed the code. I mean, did it take him a couple of weeks? Months? Has he worked on this for 5-10 years already? I mean the Internet would only have been ready for this technology since maybe 2005 or so, I guess.

Very nice.

Wait.  When you say the "original paper" are you talking about the one he put up in November 2008?  He put a link to it on the crypto mailing lists, but the paper now at that link is a slightly later version?  That one?

'Cause I've got that one saved on my hard drive.  There's really not much difference from the one that's there now except a few sentences have been straightened out for clarity.

Send me your edress and I'll shoot you the file. 

Wowa, you just hit something home to me. PayPal, and eBay also for that matter, have only really been around since 2000, but today we consider them indispensable.  Theoretically that is where Bitcoin will be in 15 years.

Man, I'd be all over that if I could read it. One of these days I have to start making my own blog about everything I love about Bitcoin, it's History, it's Characters, The movement everything... wow.
I love Bitcoin.

LOLOLOL. So if it's on the Internet, it is truth. Gavin was the last guy to have the original paper. Maybe he's got it locked up in a safe someday for a museum.

I personally don't think it was him in that forum post. I think it is more likely that it was just someone throwing ideas around after PP was becoming a 'hit'

Bullshit. If there was another paper it would be downloadable

Yes. Ask Garzik and/or Gavin.

Satoshi was a boy? What do you mean? A child? When did this boy write that paper? When did you come across that original paper. Your response is intriguing.

Close:
His spaceship was not completely broken, just one very serious bug that was fixed within a few hours, and history reports no other serious failures. 

Would that even matter at this point? I don't think the word bitcoin will ever fade from our history at this point. Even when humanity finally dies out, bitcoin will live on forever in our written history.

I dunno about copyrights, but the bitcoin.com domain has been around for a lot longer than the system.

http://blogs.wsj.com/moneybeat/2014/04/22/bitbeat-the-men-who-owned-bitcoin-com/

Didn't Karpeles own the copyright to the word Bitcoin years before it existed? Sorry, I'm going by memory here.

Sigh... The guy who received the 10,000 BTC to buy two pizzas, assuming he didn't spend those coins, now has $2,856,100. It's a crazy, crazy world we live in. Well, who knows, maybe we'll think about 0.01BTC that way in the future

Nope. Actually way, way, way before that. What the public "knows" as the official story isn't the real story. The "public" whitepaper isn't by the real Satoshi, it's by what I'll call "team Satoshi". I think people would really enjoy reading the original paper, which was less technical and more abstract and way more fun to read, but alas, it's lost. Satoshi Nakamoto was a boy. Just believe me.

As Cryddit says, we don't know for sure.  Of all the possibilities though, I strongly favour the idea that Satoshi was simply telling the truth.


Given the design and code at the time I have no good reason to doubt this.

Also, I want to point out that Satoshi was not working ex nihilo.

HashCash - a proof-of-work to show that you have irreversibly invested resources into what you're trying to do or asking someone to accept - was Adam Back's invention.

David Chaum developed the idea of block chains using hashes to prove that each was descended from the last and had no modifications of history.

Dozens of people, including David Chaum, had published cryptographically sound digital-cash systems of various kinds - and it had been a sort of holy grail of the cypherpunk crew for decades, starting with James Bell IIRC.  But all digital cash protocols up to that point had required a trusted party, and to the extent they had been deployed, many had been deployed by untrustworthy parties.  There were a number of arrests and charges filed by everyone from the FBI to the SEC to outraged investors.  By the time Satoshi got there, the entire topic of digital cash had reached a sort of scorched-earth status among professional cryptographers;  we'd seen dozens of these systems and every last one had either been a cryptographically unsound construction, a snake-oil solution from a scamster who could abuse the 'trusted party' role to steal stuff, an entrepreneurial proposal which the market more or less ignored because it would involve making payments on pretty much the same order as existing payment networks, or, once in a while, a cryptographically sound proposal that wasn't a scam but which was also never meaningfully deployed.  

Heck, even I had come up with a digital cash system back in 2004, but it didn't achieve Bitcoin's decentralization; there was no proof-of-work involved, but the individual coins were tiny block chains where each block recorded one transfer of that coin between holders.  Holders could transfer coins between themselves offline without communicating with the rest of the system, but those coins eventually had to go back to an issuer (double spent coins had to wind up in the same place for a double spend to be detected and the double spender unmasked, and also otherwise they'd just get bigger and bigger as each one of them dragged its own little block chain around).  Everybody had to have an authenticated identity (which would be revealed for prosecution purposes via a cut-and-choose/split-secret protocol if anybody did a double spend).  And so it required a trusted party to assign and keep track of the authenticated identities.  I never even attempted to deploy it because the trusted parties who do that (CA's) are completely corrupt and useless, but it was at least fun to design.

The cut-and-choose/split-secret protocol I used there was not my own invention either.  Chaum's earlier digital cash system had used it first.  Bitcoin doesn't use it at all because Bitcoin doesn't need to "unmask" anyone to deal with double spends - the shared block chain allows simply ignoring them.