The beautiful imperfections of Bitcoin
As Bitcoin evolves, it is crucial that we reflect on its initial vision—an open financial system where each participant has an equal opportunity to be a user and even to attempt to compete for blocks.
As Bitcoin evolves, it is crucial that we reflect on its initial vision—an open financial system where each participant has an equal opportunity to be a user and even to attempt to compete for blocks.
Fifteen years ago, the first Bitcoin transaction was recorded on chain, opening the world to the endless possibilities of an electronic peer-to-peer cash system that Satoshi Nakamoto has designed.
In Session 2 of The Bitcoin Masterclasses #7, Dr. Craig Wright details some of the reasons why we need blockchain, and this technology must be scalable and low-cost.
Contrary to popular belief, renowned cryptographer Hal Finney was not the inventor of Bitcoin but rather the person who helped Dr. Craig Wright fix the code for the peer-to-peer electronic cash system.
Hal Finney was a universally well-liked member of the Bitcoin community from week one, and he fit the profile of what the earliest bitcoiners assumed Satoshi Nakamoto should have looked like.
In honor of Bitcoin pioneer Hal Finney, the Running Bitcoin Challenge will return on January 10, 2023 to support ongoing treatments and cures for ALS.
Since that first transaction, Bitcoin has grown from strength to strength, overcoming every challenge along the way, and they have been many.