The Bitcoin white paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” was published 15 years ago by Satoshi Nakamoto. The paper presented a blueprint for a decentralized cryptocurrency that revolutionized the way we transfer and perceive value in the digital age. One of the main innovations of the white paper was the proposed proof-of-work system, which ensured the verification of transactions without relying on a central authority. Nakamoto compared the process of mining bitcoins to gold mining, where resources like CPU time and electricity are expended. The release date of the white paper, October 31st, has various interpretations, including connections to Martin Luther’s 95 theses, the concept of separating money from the state, and Nakamoto’s anonymous figure in the crypto world. The intentions and motives of Nakamoto remain a subject of speculation.
AI Sentiment: Positive