Thoughts on the Bitcoin Whitepaper's Impact

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benledgerSenior Member
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#1Jun 14, 2019, 11:58 AM
I was driving the other day and got to thinking... When the Bitcoin Whitepaper dropped back in late 2008, did any scientific experts outside the Cypherpunk mailing list actually check it out? I mean, we all know it got a lot of hate and criticism, but there's gotta be some mathematicians or scientists who looked at it and were like, "Wow, this is revolutionary! This could really change the financial scene down the line." The first solid piece I found praising Bitcoin’s brilliance is from 2011. It’s interesting to see the early reactions.
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dav3v1perSenior Member
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#2Jun 16, 2019, 02:16 AM
Most times, we are too engulfed with the price of Bitcoin, we don't really understand and appreciate the genius of it. I don't understand code, but I don't need to have a full understanding of code or programming language to appreciate the work that was done in Bitcoin Core. The mere fact that it is a system that is very transparent, yet enhances privacy, is genius. Before Bitcoin, every form of privacy meant being closed off. No one else could see or know anything about what you do, but with Bitcoin, every transaction is open in the blockchain, yet the person who made the transaction can still be private. And this is just one thing about it, and a lesser feature at that. It's so incredible. Even if it's a team of people, it is still genius.
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diamond365Full Member
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#3Jun 17, 2019, 04:30 PM
Bitcoin is not perfect and it was improved by Satoshi Nakamoto, Gavin Andresen and other Bitcoin developers but the project was launched in genius way which changed the world and laid solid foundation for blockchain industry as well as later application in societies. Satoshi Nakamoto - a person, a team of people or an institution - is/ are truly genius and the Bitcoin founder did not only think, but also actually put decent efforts on development of Bitcoin. Satoshi's lesson.
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HyperCipherFull Member
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#4Jun 17, 2019, 06:18 PM
OP, probably not. I believe that even most of the Cypherpunks sort of ignored/were full of skepticism towards the Bitcoin White-Paper because Satoshi was someone who wasn't known in that community. Although, there were three famous individuals, that you obviously already know, who has shown their interest - Hal Finney, Adam Back, Wei Dai.
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p1x3l365Senior Member
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#5Jun 17, 2019, 06:40 PM
Hal Finney is the person who run Bitcoin (likely first one after Satoshi Nakamoto) and received a first Bitcoin transaction from Satoshi Nakamoto. theymos felt like Hal Finney is a best candidate of Satoshi Nakamoto. Adam Back and Wei Dai created their projects before Bitcoin but failed. Bitcoin prehistory tree.
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raven1337Hero Member
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#6Jun 18, 2019, 12:46 AM
A team of people, along with code review and various roles (viz. a programmer, a communicator who ran the "Satoshi" alias, an infosec expert) always made a lot of sense to describe "Satoshi". More evidence, in my view, that Bitcoin was created by an agency of the US government like the CIA, NSA, or DARPA...
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im_oracleMember
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#7Jun 18, 2019, 05:07 AM
It's normal for people to be skeptical about something they don't fully trust, even most of us where a bit skeptical about Bitcoin before we got to understand/trust the process so it's understandable if some of Cypherpunks were skeptical about it too.  But i believe they later picked intrest along the line especially toward late 2010 or by 2011 as for Hal Finney, the was more futuristic about Bitcoin among others maybe that's why he's the most recognized of those names you mentioned.
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HyperCipherFull Member
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#8Jun 18, 2019, 10:09 AM
It's probably those developers - Hal Finney, Adam Back, Wei Dai - who might be the people behind "Team Satoshi", no? Although, I also have a personal belief that one of them could also include Peter Todd, the outsider of the the group who probably was the originator of using Proof Of Work as a mechanism to make it hard to append the ledger.
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defi_whaleFull Member
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#9Jun 20, 2019, 12:48 PM
The most likely way he tried to hack it was to double-spend, and other possible way was to redo the Proof of Work. A simple checks and balances by the nodes would have prevented doublespending, and it would be almost impossible for him to become the longest chain after changing the blocks contents
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r34l_bridgeFull Member
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#10Jun 21, 2019, 12:18 AM
I have never know that Hal Finney tried to do double-spend or attack the Bitcoin Proof of Work blockchain. It has been many years since 2009, Hal Finney passed away too, so it's unlikely to be able to find any traces now. The most possible is from addresses used by Hal Finney and transaction history. Payment No. 1: A Closer Look at the Very First Bitcoin Transfer.
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defi_whaleFull Member
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#11Jun 21, 2019, 02:53 AM
You may have confused this thread with this one about Hal Finney, assuming it's still available: https://bitcointalk.org/index.php?topic=5586653.0 That post of mine you quoted was about the hacker Dan Kaminsky not Hal Finney.
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paul.stakeHero Member
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#12Jun 21, 2019, 04:47 AM
It is true that Satoshi understood economics, programming and peer-to-peer networking, and it did take a glimpse of brilliance to make this work out. He was a brilliant person, in my opinion, but I think people overestimate what it was needed to create Bitcoin. Everything, except one thing, was already published and thoroughly discussed in the crypto community back then, from digital signatures to proof of work. What Satoshi thought, that nobody else did, was the difficulty adjustment. This is what distinguishes Bitcoin from other failed projects, in my opinion. And of course, the effort this man put into the project. Further proof that hard work beats all.
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benledgerSenior Member
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#13Jun 21, 2019, 06:53 AM
I can imagine some Cypherpunks being skeptical but I cannot imagine the majority. For mathematicians and cryptographers the math is there surely many many specialists ran the numbers, checked the code and realised it was a very viable project - and thats just the cypherpunk movement. When Bitcoin launched and was running there had to be many other skeptical people who checked the code purely out of curiosity to prove and discover weaknesses? Surely it didnt take someone over 2 years to publically prove in main stream media that the project was rock solid?
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shard_minerSenior Member
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#14Jun 21, 2019, 09:12 AM
It would interest you to know that Hal Finney also known as The "Graybeard" Genius was among the first, if not the first person to see the white paper and he was so captivated by it that he mined his own block and received the very first transaction from Satoshi. We also have Nick Szabo, Gavin Anderson, Michael Clear who were stunned by the brilliance of the white paper and even tried it out themselves. It was Dan Kaminsky that tried to hack into the Blockchain but discovered along with other brains in the tech community that it was a pure genius program that was the real deal. https://ec.europa.eu/newsroom/cef/items/663083/de-?hl=en-US#
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HyperCipherFull Member
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#15Jun 22, 2019, 12:44 AM
Actually, it probably was the majority. There were already a few attempts to build a digital currency system before the Bitcoin White-Paper was written - E-Gold/DigiCash, which failed and that probably made the Cypherpunk community very cynical with those newer proposals, including Bitcoin. What numbers? There was a mere White-Paper in 2008, which the majority of the Cypherpunk community probably ignored.
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