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RE: Musing Posts

in #musing-threads6 years ago

In this sophisticated era, there are many things that develop about this question, why is there bitcoin in the world, it has often been heard in everyone. Bitcoin is a consensus network of new payment systems and money that is entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without any central authority or intermediary. Bitcoin is similar to cash in the internet world. Bitcoin can also be seen as a bookkeeping system of the three most prominent records that exist today.

Who created Bitcoin?
Bitcoin is the first implementation of a concept called "cryptocurrency", first described in 1998 by Wei Dai in the cypherpunks mailing list, suggesting the idea of ​​a new form of money that uses cryptography to control manufacture and transactions, rather than using centralized authority. Bitcoin specifications and proof of concept were first published in 2009 in a cryptographic mailing list by Satoshi Nakamoto. Satoshi left this project at the end of 2010 without revealing his true self. The Bitcoin community is growing rapidly as many developers are working on Bitcoin. Satoshi's anonymity often raises the wrong attention, mostly related to misunderstanding of the nature of open source-based Bitcoin. BItcoin protocols and software are published publicly and developers from all over the world can review the code or make their own Bitcoin software that has been modified. As with current developers, Satoshi's influence is limited to some of the changes he created and adopted by other developers, and he does not control Bitcoin. Thus, finding the identity of the inventor of Bitcoin is the same as finding the identity of the newspaper inventor.
Who controls the Bitcoin network, which has a Bitcoin network, is the same as no one has email operation technology. Bitcoin is controlled by all its users around the world. Developers can indeed improve Bitcoin software, but they cannot force changes in the Bitcoin protocol because all users are free to choose the software and version they want to use. In order to remain compatible with each other, all users need to use software that follows the same rules. Bitcoin can only work well if there is full consensus among all its users. Thus, all users and developers have strong incentives to protect this consensus.