Some things in Bitcoin are just not up for debate.
The plural of bitcoin is also bitcoin— not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a better sub-denomination than sats. (100 sats is actually one bit, like a 100 cents is one dollar; being a wholecoiner makes you the Bitcoin-equivalent of a millionaire, as that would mean you have a million bits.) And October 31st is not Bitcoin’s birthday.
Bitcoin’s birthday is January 3rd. It says so right there in block 0: 2009-01-03 19:15:05 GMT +1. On that day Bitcoin’s blockchain launched, with 50 newly generated coins issued to Satoshi Nakamoto’s public key. (But from which Bitcoin’s creator cannot spend according to the protocol rules; since Satoshi was the only person who could have created the genesis block, that would have effectively constituted a 50 BTC pre-mine.)
Yes, Bitcoin was first proposed through Satoshi’s white paper on October 31, 2008. But you don’t celebrate your birthday on the day your mom told your dad she wanted to have a kid. Nor do you celebrate it on the day your parents conceived you, or on the day they announced you to the world via a gender reveal party.
You celebrate your birthday on the day you were born, and the same is true for Bitcoin. January 3rd.
Happy Bitcoin White Paper Day.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Read More[#item_full_content]Bitcoin Magazine – Bitcoin News, Articles and Expert Insights
Bitcoin’s price remains in a zone where it is seeing little upward momentum as it…
Bitcoin price is eyeing a fresh increase above the $118,000 resistance. BTC must clear the…
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing,…
In a fresh post to X on 21 July, long-time cryptoc sceptic and gold advocate…
As Bitcoin (BTC) consolidates near the $119,000 mark following a new all-time high (ATH) above…
As the crypto market gears up for what many expect to be a major bull…