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14 years since the Bitcoin white paper: Why it matters

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Happy White Paper Day, Bitcoin. It’s been 14 years since Satoshi Nakamoto first sent an email with the subject “Bitcoin P2P e-cash Paper” to his Cypherpunk mailing list. The email contained a link to White’s paper. become a trillion dollar market.

The first sentence of the email has become iconic among the Bitcoin community.

“I have been working on a new electronic cash system that is completely peer-to-peer without the need for a trusted third party.”

For the past 14 years, Bitcoin (Bitcoin) has transformed from a hobby pastime into a globally recognized brand. Bitcoin has been adopted as legal tender in Southern Hemisphere regions such as El Salvador. Central African Republic. It is used by freedom fighters and campaigners while being financial liberation tools When economic empowerment World wide.

of The speculation fever that bitcoin became known for Bitcoin’s reputation as a tool for Illegal behavior clingsdespite the fact that the US dollar is still a much more effective tool, Hiding financial activity.

In 2022, Bitcoin has evolved further. At the Plan B Conference in Lugano, Switzerland, Cointelegraph spoke with his OGs, enthusiasts and newbies to Bitcoin to find out what the whitepaper means for the world.

that ₿ do it forever

For world-renowned charities such as Save the Children, the creation of the white paper and subsequent Bitcoin has benefited the organization. , said the organization recognizes “bitcoin’s potential to be a force for good and financial inclusion.”

“As we approach Bitcoin’s 14th anniversary and global financial inequality continues to grow, the phrase ‘Bitcoin is for everyone’ really resonates.”

Roupell explained that Save the Children US was the first iNGO to accept Bitcoin in 2013, stating: So are families affected by climate disasters like Florida’s Hurricane He Ian. “

in the crisis zone Emphasize resilience and effectiveness of Bitcoin.For example, in his first 48 hours of the Ukrainian War, the Ukrainian government $7.5 million in Bitcoin.

The speed at which Bitcoin hits government wallet addresses has prompted the United Nations International Computing Center (UNICC) to take cryptocurrency donations seriously, said UNICC Director Samir Chauhan. Explained in an interview with Cointelegraph at the World Economic Forum in Davos. US dollars, British pounds, euros, and government-issued currencies have been slower to trickle in to support Ukraine’s defenses than bitcoin.

Decentralization and empowerment

For Bitcoin Gandalf, marketer at Braiins (a Bitcoin mining tools company), the white paper and subsequent pseudonymous network guarantees a basic level of privacy. Gandalf, who chose to obfuscate his name and face on the internet, told his Cointelegraph:

“With the state controlling much of the flow of information and increased surveillance pervasive by giant centralized technology companies, it is more important than ever to have decentralized alternatives to guarantee fundamental freedoms. I have.”

Bitcoin is a permissionless network that anyone can use. We do not discriminate.Thanks Innovation in mobile network technology, Bitcoin can be sent like a text. Bitcoin’s mantra of being a “free technology” has blossomed during its 14-year history.

Freedom was a central theme at the Plan B conference in Lugano, Switzerland. Julian Assange’s family hosts talk about his imprisonment for exposing military secrets, speakers from Togo to Lebanon shed light on ‘Bitcoin is a tool for financial freedom’ . A drone show lit up the night sky with clichés to conclude the Bitcoin and Blockchain conference.

Several announcements at a conference in Switzerland underscored the Bitcoin community’s commitment to freedom.Paolo Ardoino, chief technology officer of Tether, said that the centralized institution that issues credits and tokens We introduced Pear Credit, a peer-to-peer credit software that could undermine the (or blockchain) adoption. Founded by Tether, Holepunch and Synonym, Pear Credit needs to “put control of the economy back into the hands of the people.”

In an exclusive interview with Cointelegraph, Ardoino explained the thinking behind Pear Credit, saying: Everything other than Bitcoin is inherently centralized. ” His team built a peer-to-peer service that provides the ability to issue credits.

In the spirit of the Bitcoin white paper, Ardoino comments that Pear Credit is “just an open source library.” Pear Credit is focused on ‘scalability and privacy’, prioritizing the freedom to build open source technology over the pursuit of profit.

Gandalf said Bitcoin’s whitepaper “marked the beginning of resistance to this trend” of centralizing power. Increasingly abuse customer data and online behavior. Bitcoin, by contrast, is the biggest demonstration of a peer-to-peer, privacy-centric network that continues to inspire projects that could undermine centralization.

Why stick with white papers?

Synonym CEO and Pear Credit contributor John Carvalho called for calm and self-reflection on the white paper’s anniversary. Carvalho, who also announced the creation of a new bitcoin wallet app, Bitkit, during the conference told Cointelegraph that even Satoshi Nakamoto’s biggest fans were left wondering “that he did a few things wrong, and what he thought would happen.” I’ll admit it’s too much. Even the code.”

As a possible nod to Bitcoin fanaticism and admiration for Nakamoto, sometimes across spaceCarvalho explained that Bitcoin continues to grow in importance due to increased adoption, users and volume. people trying to copy bitcoin“For me, and for most people, Bitcoin’s birthday is not the day it was invented, but the day it was discovered.”

“I like to associate it with when I first bought bitcoin or when I had my own ‘spark’. “

Ultimately, Nakamoto’s October 31, 2008 email marked the first brick in the foundations of the Bitcoin blockchain, but it was the developers, builders, node runners, and developers who kept the idea alive. Miners, and Bitcoin purchasers.

Bitcoin is certainly an effective form of money transfer. It’s a spark that could ignite the path to greater online freedom and a meaningful shift away from centralized power. It’s also a long line of code that you choose to follow and contribute to each day.

give satoshi a glassOf course, but also take some time to reflect on your Bitcoin journey. When is your Bitcoin birthday?