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Very interesting name for a decimal. What an intricate community
by zghst 9y ago
Very interesting name for a decimal. What an intricate community
- ufo 9y ago(Satoshi is the inventor of bitcoin, in case you don't know)
- sillysaurus3 9y agoNot quite. The central ideas underpinning bitcoin are very old, tracing back to hashcash and bitgold. https://en.bitcoin.it/wiki/Hashcash#History https://en.bitcoin.it/wiki/Hashcash#History It's not really an important distinction, but maybe someone will find the history interesting.
- proofofstake 9y agoSee also this 1996 NSA paper "How to Make a Mint: The Cryptography of Anonymous Electronic Cash", predating both Hashcash and Bit gold. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm http://groups.csail.mit.edu/mac/classes/6.805/articles/money... (and OP seems factually correct: Satoshi was the inventor of Bitcoin).
- andrewla 9y agoThe idea of electronic money is old. What this describes is a Chaum blind-signature style centrally-cleared coin, which dates back to his 1983 paper. There is no protection against double-spends in this scheme (without the clearing agency taking an active role), and no protection against the central agency creating unlimited amounts of coin. Proof-of-work schemes like hashcash and bitgold are much closer to hitting on the central ideas that led to Bitcoin. It's like crediting Democritus with atomic theory -- yes, he's talking about the same thing, but in such a way that the final realization is so different as to be unrecognizable.
- toomim 9y agoLots of people try to take credit for the ideas in Bitcoin (especially Adam Back, who you linked to), but Satoshi was its clear inventor.
- oska 9y agoSatoshi Nakamoto referenced Adam Back in his Bitcoin white paper. I don't see that as Adam Back ‘trying to take credit’, rather the reverse.
- tylersmith 9y agoHashCash's contributions were fairly small. PoW was already invented and RPoW quickly improved upon it. I have no idea why Satoshi even referenced it.
- rmrfrmrf 9y agoIn that case, Ben Franklin is the inventor of the internet.
- derefr 9y agoIt's the name of the creator of Bitcoin, https://en.wikipedia.org/wiki/Satoshi_Nakamoto https://en.wikipedia.org/wiki/Satoshi_Nakamoto. You can imagine them as little pennies with Satoshi's head imprinted on them, if you like. And it's not really a decimal; it's more properly "1 bitcoin" in the technical sense. 1BTC was later defined to be equal to 10^8 Satoshis because that seemed like a useful amount of money to track exchange rates for (though now it's about 10^4 too high.)
- lstyls 9y ago"Name" is maybe not quite right, "Satoshi Nakomoto" is the creator's pseudonym. The actual author of the bitcoin whitepaper is unknown and the subject of much speculation. I'm sure OP knows this, I'm just being pedantic.
- knocte 9y agoStrictly speaking, it's not known if the name is a pseudonym either. There are people in the world that have that name and they haven't denied being the creator.
- lstyls 9y agoIf it is said author's name, why have they not publicly claimed to be this Satoshi? Name one such individual who has credibly been considered to have invented bitcoin.
- phaemon 9y agoYou want the name of the Satoshi Nakomoto who is most likely to be the Satoshi Nakomoto? The name? That's what you want? Are you sure you've thought this through?
- dragonwriter 9y agoA pseudonym is a kind of name, so “name” is entirely correct, if not entirely complete (though, AFAIK, it is as complete as is known to be correct, since it is only widely presumed, rather than known, that the name is a pseudonym.)
- mrb 9y agoWait until you see the nomenclature used for Ethereum units: Wei, Kwei, Szabo, etc https://etherconverter.online https://etherconverter.online Buterin couldn't possibly have made it more complicated.
- Ajedi32 9y agoThe US Dollar has the penny, nickle, dime, and quarter, and Bitcoin has the satoshi. It's not really that hard to understand.