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Most az jĂłl jelenik meg.(legalĂĄbb is nĂĄlam)(IOS-en)
#whitepaper #bitcoin #satoshi
Hereâs why I think Satoshi Nakamoto chose October 31, 2008, to release the Bitcoin white paper. In my bubbleâbecause thatâs what I have to call it, as I was living in the world of online poker back thenâI believe I know the answer. In short, because he promised it would be ready by November 1. đ And why this specific deadline? Because on May 9, 2008, Joshua Bolten, White House Chief of Staff under the Bush administration, issued a memorandum directing government agencies (e.g., Treasury Department, Federal Reserve) to finalize all significant regulationsâincluding the UIGEAâby November 1, 2008. This decision was made to avoid issuing controversial regulations before the November 4 presidential election and to prevent political scandals during the campaign period.
I think Satoshi loved online poker and believed his new financial system, which he had already conceptualized, should be tested in the poker community. The looming finalization of the UIGEA regulations, after it was announced that the rules would be set in November 2008, was a perfect opportunity for him. The UIGEA banned banking transactions for online gambling (e.g., poker sites), making deposits and withdrawals nearly impossible and putting immense pressure on both players and poker sites to find ways to bypass banking restrictions. The November 1 deadline set by the Bolten Memo was the moment the poker community realized this wasnât just a threat but the start of a real banking blockade.
I recall that in some private correspondence, Satoshi promised someone he was working on something and would try to finish it before the deadline. Iâm not sure, but someone else was supposed to complete something by the same deadlineâmaybe a poker lobby marketplace or something similar where chips, money, and, as I now know, Bitcoin could be exchanged peer-to-peer. I donât know if this was a standalone site or part of a major gambling groupâs platform. I think it was standalone, but Iâm not certain. I remember Satoshi hinting that heâd present a decentralized payment system bypassing banks by the deadline, something heâd been working on for a while.
The May 9 memo was crucial, in my opinion, because while the UIGEA had been looming since 2006, there wasnât a concrete deadline until then. Once Satoshi learned of it, I believe it directly influenced his decision to set November 1 as the target to complete and present what he was working on. I only saw later, by reading back, that some guys were already talking about this, eagerly awaiting what someone had hinted atâa solution to bypass banks. Iâm wondering if Satoshi said this between May and November 1, or if it was the other unknown person who was supposed to deliver something but didnât and, after falling out with everyone, leaked information early.
It doesnât matter, because the point is that Satoshi delivered on his part. On October 31, 2008, he released the white paper. He sent early code versions to the community for feedback, asking if theyâd use it for poker deposits and withdrawals in a peer-to-peer Bitcoin and stuck-funds exchange. The first code, if I recall correctly, was sent even before the UIGEA regulations appeared in the Federal Register. He proved twice that he kept his promise, while others didnât. Unfortunately, testers said the Bitcoin was too complex for online poker players to use peer-to-peer. I think no one saw the depth Satoshi was operating at, so the enthusiasm died within the first month. Yet the poker community was supposed to be the one to push the first domino in Satoshiâs vision. Thatâs why he finished by October 31 and had everything ready by December. By then, maybe a dozen test chains were already running. The poker thread died out by January, but fortunately, there was another narrative I ignored for a while due to my poker bubbleâthe 2008 financial crisis.
- The white paper was uploaded before November 1, as promised.
- The next milestone: the UIGEA Final Rule was published in the **Federal Register** on November 18, 2008.
- By the time the UIGEA Final Rule was published in the **Federal Register**, Satoshi had already sent the early code to a few interested parties for review a few days earlier, thereby proving that Bitcoin was ready for launch.
Happy Bitcoin Day!
Satoshiâs plan was that the poker players would push the first domino, as there was a huge demand for a payment solution at the time, with the UIGEA law being finalized. In late 2008, he showed an early version to a few interested guys and asked if they would use it to bypass banks for deposits and withdrawals on online poker sites. Unfortunately, the payment method was too complex for the community, so it didnât catch on, even though Satoshi delivered Bitcoin on the promised timeline.
What do you thinkâcould the 2008 financial crisis or the 2006 UIGEA regulation have inspired Satoshi?
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nostr:note1d94kan4cqqahx53cst80wkj6fmmxs634s76qh2pxrg95uplk2l2q5q99zt
ïżŒđłïžđ
The most powerful nation on earth has a Strategic Bitcoin Reserve and intends to accumulate more.
This is a new chapter for #Bitcoin. Nation-state adoption is here.
The whole world will compete to own as much of the 21M Bitcoin as they can.
In the wake of all this thrilling news, itâs worth a moment to reflect.
Consider this: you were right.
Remember when you first got interested in Bitcoin? You got more and more excited, thinking this could be big. This could change the world.
Your friends and family thought you were crazy. They pitied you. You had lost your mind; fallen for an internet scam, a Ponzi scheme. They lost respect for you.
But you trusted yourself. You defied the herd.
You put your financial future on your back. You risked your whole world. Your family's future. For this idea.
The road has been harder than you expected. The crashes, the emotional rollercoaster, but you stayed true to reason and kept stacking.
And now look whatâs unfolding.
You were right. And the herd is slowly realizing theyâve been on the wrong course. Theyâre coming to follow you.
You risked everything. But it wasnât a gamble. You just saw what they did not, could not.
Bitcoin is winning. You are winning. And your family is winning - because of you.
They may not appreciate it yet. But they will.
Until then, I know what you risked and what it took - and Iâm fucking proud of you.
You've earned a moment of victory. What will you do to enjoy this weekend?
I quoted from him: đđđ
The superposition of the singularity of intelligence
happy #bitcoin genesis day.
16th anniversary nostr:note1jp4mfz9a8c5fuzculzs6ld76m5xnmn4xkfdjafr0kdm9dd09c9csn6tp9m
Happy #bitcoin genesis day.
16th anniversary
Massive swords of đđșHungarianđđș origin dating back to the 14th century, now on display at the Topkapi Palace Museum in Istanbul. The one in the middle (the biggest) is 270 cm long 
