I've read multiple times that Satoshi doesn't mention the word "cryptocurrency" in the white paper, and that's true. What wasn't known is that he suggested the word in emails exchanged with mmaldi.
Someone came up with the word "cryptocurrency"... maybe it's a word we
should use when describing Bitcoin, do you like it?
From: Satoshi Nakamoto <satoshin@gmx.com>
Subject: Re: Bitcoin
To: mmalmi@cc.hut.fi
The site layout is looking nicer. More impressive looking.
There are a lot of things you can say on the sourceforge site that I
can't say on my own site. Even so, I'm uncomfortable with explicitly
saying "consider it an investment". That's a dangerous thing to say and
you should delete that bullet point. It's OK if they come to that
conclusion on their own, but we can't pitch it as that.
A few details: the FAQ says "see section 2.3", but the sections aren't
numbered. Also, could you delete the last sentence on the FAQ "They are
planned to be hidden in v0.1.6, since they're just confusing and
annoying and there's no reason for users to have to see them." -- that's
not really something I meant to say publicly.
The links to sites to help set up 8333 port forwarding is great.
favicon is a nice touch.
Someone came up with the word "cryptocurrency"... maybe it's a word we
should use when describing Bitcoin, do you like it?
Sourceforge is so slow right now I can't even get the login page to
load. Maybe due to the site reorg they just did. I'll keep trying and
try to get you that logo stats thing.
mmalmi@cc.hut.fi wrote:
> Now that the project web is up and running, do you think that setting up
> a custom VHOST for the bitcoin.org domain would be a good idea?
> Instructions:
> http://apps.sourceforge.net/trac/sourceforge/wiki/Custom%20VHOSTs
>
> Also, could you please send me a link to a SF Logo for statistics, as
> instructed at:
> http://apps.sourceforge.net/trac/sourceforge/wiki/Use%20of%20sflogo%20for%20statistics%20tracking
>
>
It doesn't matter what name you want to give it, that's just another label, Bitcoin is Bitcoin, nothing more.
I mean, as a term, Bitcoin fits the actual definition. however, as it's colloquially used, Bitcoin is its own thing, distinct from other cryptocurrencies. saylor put it best when he said "there is no second best."
in general, who cares what satoshi -suggested_ it be called back then? bitcoin has evolved as a technology and as a movement beyond a single creator. satoshi was and still is very important as an icon. however let's also remember that they haven't been involved in the project in quite a while. I really don't think this is the slam dunk you think it is.
Bitcoin isn't flawless nor is it perfect. The refusal of the BTC blockchain to adapt and evolve by looking at other cryptocurrencies and their positive qualities that promote inclusivity is the issue. For instance, much lower or non existent fees, much speedier or instant confirmations, guaranteed transaction confirmations, ect come to mind. These are the things keeping people away and the Bitcoin maxi cult like followers can't grasp that for some reason.
the things you're mentioning aren't bugs or deficiencies. they're features. i'd suggest you look into the reasons behind things such as the block size cap, the ten minute block time average, the reasons for a cap on the maximum amount of bitcoin and how a healthy fee market plays into this, and how the fee markets are enabled by the competition for block space.
you sound really uninformed about why bitcoin was ever created and why other cryptocurrencies completely miss the mark. bitcoin is not another security used just for trading and inflating my fiat bank account. it's a return to a true free market where the system creates healthy competition by enforcing incentives that cause those transacting to operate on a fair playing field.
if you're interested in systems that can facilitate quicker, smaller transactions at scale, or maybe smart contract platforms that can do all kinds of cool stuff, but is all still backed by the bitcoin blockchain, those definitely exist in one form or another. i'd then recommend you check out the lightning network, statechains, drivechains, chaumian mints (fedimint/cashu), and very cool use-cases for this tech such as zaps on nostr and value-4-value (v4v) applications. an even younger project but super cool is BitVM, spearheaded by the amazing supertestnet.
us maxis are assholes, sure. but we mean well. approach us with genuine curiosity and not half-assed attacks and we will gladly try to help and point you in a good direction toward what you are wanting to explore without sending you to another bullshit chain.
You can kiss the maxis balls.
It's not productive to get angry or insulting when someone is being honest. You need to take a step back and assess your own behavior.
https://i.postimg.cc/BZHf61Tt/offensive-funny.jpg
Who got upset here was you, that's visible from the moon, and now you're behaving childishly. I'll stop here because otherwise, you'll drag me into stupidity, and in that case, you clearly win. Please provide more insults 😂
Bitcoin dgaf about your feelings. And if you're on SN talking 💩🪙, we don't either.
If you reread my post, you will notice that I only called attention to Satoshi's words. I never mentioned shitcoins. Do you think Darth's reaction was justified?
Yes, but your title speaks volumes!
Ok
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It doesn't matter what a word was once used to described. People abuse symbols and words all the time. It also doesn't matter what Satoshi's original thoughts/visions were absent his reasons.
I'm pretty sure this isn't a new bit of information. I can swear I heard this before
It's possible this has come up before.
Sirius:
LOVE IT. GET FUCKED DARTH
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You mean his awareness and fear about calling it an investment?