No, Today Is Not Bitcoin’s Birthday

Credit : bitcoinmagazine.com

Some issues in Bitcoin are simply not up for debate.

The plural of bitcoin can also be bitcoin, not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a greater subdenomination than sats. (100 sats is definitely one bit, like 100 cents is one greenback; should you’re a Wholecoiner, you are the Bitcoin equal of a millionaire, as a result of that might imply you will have one million bits.) And October 31 is just not the birthday of Bitcoin.

Bitcoin’s birthday is January 3. That is what it says block 0: 03-01-2009 19:15:05 GMT +1. On that day, Bitcoin’s blockchain was launched, with 50 newly generated cash issued below Satoshi Nakamoto’s public key. (However which Bitcoin’s creator can’t spend based on protocol guidelines; since Satoshi was the one one who might have created the genesis block, that might have primarily been a 50 BTC pre-mine.)

Sure, Bitcoin was first proposed via Satoshi’s white paper on October 31, 2008. However you do not rejoice your birthday on the day your mom advised your father she wished to have a baby. You additionally do not rejoice it on the day your mother and father conceived you, or on the day they introduced you to the world via a gender reveal social gathering.

You rejoice your birthday on the day you had been born, and the identical goes for Bitcoin. January 3.

Pleased Bitcoin White Paper Day.

This text is a To take. The opinions expressed are solely these of the writer and don’t essentially mirror these of BTC Inc or Bitcoin Journal.