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Topic: Something newbies should know about Bitcoin - page 6. (Read 1175 times)

legendary
Activity: 2898
Merit: 1823
December 30, 2018, 02:22:10 AM
#1
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.

Do not sell, buy the dip, and HOLD.

https://twitter.com/vcorem/status/1076251118747959296?s=21

Quote

Wei Dai invented b-money (weidai.com/bmoney.txt) and published it in 1998, 10 years before Satoshi. Satoshi invented Bitcoin separately. He contacted @adam3us and Adam told him about Dai work. Satoshi wasn't aware of Dai's work before that.

Both b-money and Bitcoin uses Proof Of Work. Satoshi referenced Wei Dai's work (and @adam3us work on POW) in his Bitcoin whitepaper: bitcoin.org/bitcoin.pdf

Wei Dai captured the essence of the Cypherpunk movement in the following email: https://cypherpunks.venona.com/date/1995/02/msg00508.html

"There has never been a government that didn't sooner or later try to reduce the freedom of its subjects and gain more control over them, and there probably never will be one.  Therefore, instead of trying to convince our current government not to try, ..."

"we'll develop the technology (e.g., remailers and ecash) that will make it impossible for the government to succeed."


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