Saturday 4 October 2014

Who invented Bitcoin? Who is Satoshi Nakamoto?

As many knows, Bitcoin was invented by Satoshi Nakamoto. A name that no one know if it were a person or a organization.

Stated in Satoshi P2P Foundation Profile , he live Japan. However, many said that Satoshi live in Britain and not Japan due to his British formatting. However, sometime he also used American English. Some said that, he was trying to mask his writing style and some said that Satoshi might be a group of person.

It is known that the first release of Bitcoin is speculated to be of a collaborative effort. Thus, many people believe that Satoshi could be a group of person.

There is rumor saying that Satoshi Nakamoto could be Michael Clear, Shinichi Mochizuki, Dorian Nakamoto and many.. many.. more..

Well, there is lot of guesses here and there.. who could Satoshi Nakamoto be? When will his/her real identity be revealed.. could she/he already death? Or maybe she/he was an alien? Oh well..

Also, I find it weird that no one guess that 'she' could be a women. Well, who know.. Satoshi may be a girl living in Japan.

What do you think? What are you guess or theory? Also, what about the September case, whereas Satoshi Nakamoto email was 'hacked'?

Friday 3 October 2014

What is: Bitcoin

Introducing Bitcoin


Icon Instant peer-to-peer transactions Icon Worldwide payments Icon Zero or low processing fees
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. - Bitcoin.org
In short, Bitcoin is not controlled by any organization or anyone. It is controlled by the bitcoin community itself, which mean.. including.. You!

History

Bitcoin was started by Satoshi back in 2009. Satoshi left the Bitcoin network in late 2010 without revealing himself much. Thus, no one know who invented Bitcoin.

Why should I use Bitcoin?

Why should you use Bitcoin? Well, bitcoin allows you to make payment easier. It does not need you to register, swipe your card, type a password.. Well, not really. There is two step to make payment with mobile phone, very simple two step.. scan-and-pay. It uses NFC radio technology to make payment though smartphone.

Work anywhere any anytime!

Bitcoin work just like e-mail or phone. You can trade without needing the other party to use the same software or the same service providers. Why? Oh.. because Bitcoin is open technology!

As quick as lightning! 

Well, not really.. however, you can transfer Bitcoin from USA to China within ten minutes! It also mean that you can make international payment 'as fast as lighting'! - Just kidding but.. it is very fast!

Privacy

Do you want to be the next Satoshi? The person who invented Bitcoin without others knowing his real identity.. Well, with Bitcoin, you can make payment without revealing much about yourself. You could be a Bitcoin Santa on 25th of December..