Bitcoin history
History of Bitcoin - Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with open source software that he designed, and also uses peer-to-peer networks that connect all of them. Not some kind of currency in general, bitcoin is not dependent on trusting the main publisher. Bitcoin uses a database that is distributed and spreads to nodes from a P2P network to transaction journals, and uses cryptography to provide basic security uses, such as ensuring that bitcoin-bitcoin can only be spent by people owning it, and not allowed to do more from one time.
The appearance of Bitcoin allows for ownership without anonymous evidence and transfer of wealth. Bitcoin - bitcoin can be stored on a personal computer in a wallet file format alias saved by a third party wallet service, and regardless of all that Bitcoin - bitcoin can be sent via the internet to anyone who has a Bitcoin address. The peer-to-peer bitcoin topology and no more than a single administration make it impossible for any authority, government, to manipulate the quality of bitcoin - bitcoin or cause deflation by producing less bitcoin.
Bitcoin is also one of the first implementations of what is called cryptocurrency, first described by Wei Dai in 1998 in the cypherpunks mailing list.
What is Bitcoin? Who is the creator of Bitcoin? Advantages and regrets of using Bitcoin? A simple question is related to the booming digital currency originating from Japan. Beginning of bitcoin January 3, 2009, Satoshi Nakamoto launched 31,000 lines of programming code and announced via his internet exchange called Bitcoin.
The initial presence of Bitcoin was also marked by the 50 first Bitcoin in the world produced through the system, which later became known as "Genesis Block". Uniquely, Nakamoto himself mined the "Genesis Block" on January 3, 2009.
Bitcoin is not in the form of coins, paper money, silver, let alone gold. He was not impressed in the real way. It is only digital currency. Nakamoto is known as the creator of Bitcoin. Currency that is fully controlled by software. Every ten minutes or more, Bitcoin will be distributed to those who make "mining". Initially, Bitcoin was well-known among cryptographers, those who were involved in cryptography research. No wonder, cryptography is the foundation on which Bitcoin stands. In his early days, Nakamoto was active in the cryptographic community. He reportedly was quite diligent in replying to articles in several cryptographic forums.
Nakamoto had a loud voice, when Wikileaks wanted to use Bitcoin to accept donations. At that time, Nakamoto protested the plan. He thinks Bitcoin is not ready for that big attention.
"This project needs to grow slowly so that the software can be strengthened while on the road. I submit it to Wikileaks, please do not use bitcoin. Bitcoin is a beta community that is still a toddler. You will not get (donations through bitcoin) more than just coins, but the results you it can destroy us, "wrote Nakamoto on December 5, 2010.
But over time, Nakamoto's digital currency was increasingly not seen as a digital transaction. Its popularity is slowly rising to the attention of wider circles. Bitcoin quality also increased. When it was first launched, one Bitcoin was only quality not more than 1 US dollar. But in mid-December 2013, one Bitcoin was in the range of 710 US dollars.
Where's Nakamoto?
Behind the successful story of this digital currency, Nakamoto actually chose to leave Bitcoin. On December 12, 2010, about seven days after telling his opinion to Wikileaks, Nakamoto wrote the latest message in the forum. Certainly, at that time nobody thought that factor was Nakamoto's latest article. He still quite always, though continues to be rare, replying to Bitcoin activist emails.
At that time, the development of Bitcoin was held by Gavin Andresen. This developer was originally famous for the Bitcoin Faucet website (bitcoin tap) which serves to distribute 10,000 bitcoin in a free way. Andresen is the only one who can still communicate via email with Satoshi Nakamoto. On April 26, 2011, Andresen told the founder of the message.
"This morning Satoshi suggested that I, as well as us (the bitcoin community), must begin not to exaggerate the presence of the 'mysterious founder' when he said to the public about bitcoin," Andresen wrote. In April 2011, Nakamoto sent a message that he "had moved on to do other things".
Since then, Nakamoto's name has disappeared and has not been traced. Efforts to contact him made by Bitcoin activists did not reap the results. There has been speculation that Satoshi is actually a leading cryptographic researcher. Some names were also "nominated" as proof of the man's original self, but none claimed.
Some have stated, that Satoshi Nakamoto was just a pseudonym taken from the name of Samsung, Toshiba, Nakamichi and Motorola. Allegedly, because the English was very good, Satoshi wasn't even from Japan. In fact, he is called not just one person. One theory that is quite a bit accepted is that Satoshi Nakamoto actually represents a team. Bitcoin is said to have a very good design so it seems impossible to build just one person.
Who is Satoshi Nakamoto actually? Apparently, this factor is a question that does not need to be hunted for the answer. A more important factor is watching the results of his work, as well as how those factors can affect the society today.
Admittedly not, the Bitcoin fever is sweeping the world. Cryptocurrency that is decentralized and not regulated by the central authority is often used for transactions in several countries, classified as Indonesia. Despite having a number of advantages over "conventional" currencies, Bitcoin is not without risk. There are several threats that lurk these virtual money users. One of them relates to the problem of storing Bitcoin.
To be able to spend Bitcoin, the owner must have a special code called "private key". This line of code is stored in a "wallet" or digital wallet. When it will be used, the owner will access the code and use it for the transaction. The private key can be stored locally on the computer or printed with the printer. Problems arise because this line of code can be stolen or lost. If that happens, all Bitcoins associated with the private key will disappear forever from the owner's hand.
Some of these problems occur in recent months. For example the moment that overwrites Inputs.io. The online wallet provider last November was hacked so that it caused the "customers" to lose Bitcoin as high as 1.2 million US dollars.
The private key that is stored in "Cold Storage" (computer, aka storage media that is not connected to the internet) also has its own package. A man named James Howells stores 7,500 BTC in a wallet on his computer's hard disk. When the hard disk is lost, Howells is forced to give up millions of dollars in quality virtual money.