I Remember When Everyone In Bitcoin Was Shhhhhhhhh! - THE EVOLUTION OF CRYPTO CURRENCY Version 2.0

in #bitcoin7 years ago

Did you know that the internet was released in 1969 as a secret government project with the aim that people would build it? Made for a cheaper solution and would have been a bit hard having military people trying to put a router in every home!

Looking back at that time, technology in the digital sense was new. I guess flying to space in 1969 to land on our Moon was done with a lot of analogue technology!

The Internet evolved from its base which if you understand CCNA, you know the OSI model and its importance in producing an overall working technology right from connections all the way to user applications.

I Remember When Everyone In Bitcoin Was Shhhhhhhhh!

In 2009/2010 bitcoin was very secretive. I remember stumbling on the bitcoin talk forum and everyone was shhhhhhhh!

New technology, started from a white paper!

The initial steps was that initial network. It reminds me of our work in the LBTC project. Building that network from nothing.

In 2009/2010 when I had first found bitcoin, I tried mining and couldn't get it working. Needless to say mining in 2009/2010 like I done distributed computing for seti@home before 1999, I would have definitely challenged Satoshi Nakimoto to the cup cake!

I would have definitely challenged Satoshi Nakimoto to the cup cake!

Technologies evolution is important.

14-15 billion years ago the matter in the Universe started forming. As far as we know, it takes billions of years for life to form in a complex manner. Stars as first life, then plankton, and it gets more complex. This process of eating things was the best "mind" but now technology as life exists without having to consume in the old sense. Life is getting smart it is growing in complexity - just as you as a system are to plankton and is as technology to living creatures.

The Internet formed from those connections. Email, ftp and gopher allowed an evolution and in 1995 media started reporting on Tim Berners Lee's World Wide Web. Suddenly technology grew in complexity.

Services started to arrive. Web hosting, and then more complexity. If you have seen the Internet for some time, you understand this basic to complexity.

Now, the most important part of this piece - the evolution of crypto currency.


When I looked into bitcoin in 2009/2010, the systems was just forming and was well too early. We have to thank those pioneers for being shhhhhh! The misconceptions of government thinking a new Christ had come to Earth wasn't showing good signs and needed a lot of evangelists including me and others to say hey wait and look at the importance of this stuff! The media sensation of 2013 for bitcoin and subsequent work by everyone is helping to shape more than just I have a new coin out based on bitcoin or litecoin.

Today, the evolution of coins to provide that increased complexity is important, and yes we will have booms and crashes just like the Internet did with the tech bubble but now the services are coming out.

Look at these coins:

  • Bitcoin ~ Big purchases, investments, homes, buying businesses, banks, etc.
  • Litecoin ~ Every day purchases
  • Dogecoin ~ Tipping

Before getting into the next section, I want to cover experimental features which can't really say meets that end user need:

  • Diamond Coin ~ Interest

It's not exhaustive. Just a reminder about so many currencies where there were experiments in different features.

Now let us look at the most important of all evolution version 2.0

  • Namecoin ~ A new domain registration system based around a blockchain system. Shame the domains are not in firefox, google Chrome, Internet Explorer and Opera.
  • Florincoin ~ transactional messaging (though not fully developed in the user sense like we have on steemit, the base of it is there and is only a matter of action from the community).
  • Ethereum ~ smart contracts
  • Gamecoin & Digibyte coin ~ Ability to earn from playing games
  • Siacoin ~ distributed storage
  • Steem ~ The ability for content to be in the blockchain!

Side note: I really have to say a shout out to the founders of Steem. In the LBTC project been looking for a way to store information forever. Domains can go down, sites can go down and needed a technology where we could place data forever. I don't know if anyone from LBTC worked on this project or even was the one who said about bitcoin but it is inline with the new world that we believe in and hope to find for the betterment of everyone.

With the evolution, we are going to find new uses and new ways. Writing to the UK Treasury when they wanted to understand the benefits of bitcoin and crypto currencies better I remember covering topics such as being able to monitor birds in the wild and holding smart contracts for who owns real estate and being able to vote. This was before Ethereum. You see the principle of blockchain or more importantly having a double correlation of physical with spiritual, a database of everything is a big concept.

It is so important, just the same as Tim Burners Lee looking for a better way to access information. Information is blocky and hard to find. Think images! So much information can be a problem, but now let us take information and put it to its simplest blocks. Now bitcoin or more importantly blockchain has many uses.

I hearby announce just the same as I see Web 3.0 partly here, I see Version 2.0 here for blockchains because Steemit is here!

 

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Glad you enjoyed it @rashidckk :)

Create a great day,
@kozan

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