Adorers or despisers of what he embodies, everyone nevertheless agrees to see in Bitcoin (BTC) (whether in terms of its protocol, its economic model or its consensus) a work immediately bordering on perfection, and this from the presentation of its White Paper in 2009. However, no more Satoshi Nakamoto that Leonardo da Vinci in his time, could not escape a phase of testing and drafting, before revealing to the world the “final” version of his model of ” Peer to peer version of electronic cash “. As such, the rediscovery in recent days of an intact and very old version of the Bitcoin model will fascinate budding crypto-historians as much as any fan of the queen of cryptocurrencies.
History of Bitcoin: In the footsteps of Satoshi Nakamato
Unless you discovered the crypto sector the day before yesterday, you are probably aware that the activities, the work, and the very existence of Satoshi Nakamotocreator of Bitcoin, are shrouded in mystery and unanswered questions.
From his fortunes supposedly held in bitcoins (he was for a long time the only producer), to the multiple theories surrounding his identity, what we know about Satoshi Nakamoto comes down to a list of unanswered questions, locked in a pseudonymous box, a form of cryptographic enigma in itself and a beautiful symbol by the way.
For these reasons, any new information or discovery related to the early ages of Bitcoin, the period 2009-2011 when Nakamoto was still notably active on the forum bitcointalk (created by him), is of the greatest interest.
As such, the discovery by the named Jim Blasko of an old version of Bitcoin (referred to as “Version 0.1”) sheds new light behind the scenes of the creation of Bitcoin, as much as it confirms what were the ambitions and ideals of its inventor.
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Satoshi from the block (Genesis)
In a post on Facebook dated October 7, 2022, Jim Blasko indicates that he managed through a “basic browser hack” to get his hands on an old version of the Bitcoin code, annotated by Satoshi Nakamoto himself.
This document would have, according to Blasko, been published on the site SourceForgebefore being definitively erased before 2012… until its recent recovery by the person concerned.
The document in question dates from January 8, 2009, i.e. 5 days after the production of the bitcoin genesis block, dated January 3. Also according to Blasko, even if a version 0.1 of Bitcoin is already known and documented, at least since 2016, its discovery would constitute nothing less than the oldest and intact iteration discovered to date, including original annotations by Nakamoto.
Signed Satoshi
The code notably includes digressions concerning the implementation of a base 58 rather than 64 in the Bitcoin encryption, but also questions concerning potential future errors.
Nakamoto also cites considerations regarding the amount of bitcoins that would be mined in the future. The mechanics of Halving is presented.
“The total circulation will be 21,000,000 bitcoins. They will be distributed to network nodes when they make blocks, with the amount being halved every 4 years.[…] When there are no more, the system may bear transaction fees if necessary. It’s based on open market competition, and there will likely always be nodes willing to process transactions for free. »
Satoshi Nakamoto, Comment on Bitcoin Version 0.1
A passage full of meaning, which shows that for Satoshi Nakamoto, the Bitcoin network was supposed to be able to function, even once the main incentives were exhausted. 13 years after its creation, while Bitcoin is trading at $20,000 and has become a speculative asset – almost – like the others, the question thus arises: is Satoshi Nakamoto’s vision for Bitcoin still present between the lines of his code?
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