Bitcoin’s White Paper Is Not a Bible – Stop Worshipping It – Samson Mow attempts to remind us the original post to the cypherpunk mail-list was to seed awareness among a intellectual group of hackers who might help improve an idea, not to provide a project scope or precise roadmap

https://www.coindesk.com/bitcoins-white-paper-is-not-a-bible-stop-worshipping-it/

Many people acknowledge October 31 2008 as the “birth” of Bitcoin by way of the white paper. These individuals are not recognizing the birth of the first block itself, but simply the birth of the idea being made by way of a public announcement to gain critical opinion and possibly further developmental support. A few clever people took his bait.

Mow writes a good summary as to why Satoshi's idea as described on 9 pages is not a technical scope document of a major software project and this difference is helpful by providing clarity and understanding.

The actual source code for the pre-release version came out November 16 2008, and version 0.1.0 on January 9th, 2009, after the Genisis Block was created. Satoshi himself stated his code began development at least 1.5 years prior.

submitted by /u/kaells
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Bitcoin – The Currency of the Internet

Every attempt to “improve” Bitcoin by creating another coin only serves to prove that Bitcoin’s value is as a secure store of value, thereby increasing its price as more people store their value in it.

If you peruse the various subreddits on the subject of crypto you'll see incredible frustration among the various communities behind other coins. Faster transactions, more transactions, larger blocks, faster blocks, turing completeness, confidential transactions – yet the price of bitcoin keeps going up without these.

Why?

Because bitcoin, at this stage in history, isn't about any of those things. Bitcoin is a system that can be used to reliably store value at no cost. Scarcity and security are the keys to value and you don't need any of those other features. And nobody has suggested any way at all to improve on these features of bitcoin.

So bitcoin keeps on winning on value and becomes the fastest growing way to store value. And of course, its value skyrockets as more value is crammed into it.

When the time comes to go from savings to spending, the competitive landscape will be very different. But you can't spend what you haven't earned and saved, and all of today's alternatives to bitcoin will have failed at earning the position of a savings vehicle.

submitted by /u/logical
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Bitcoin