qubit ⚡️🔑

#bitcoin

[qubit ⚡️🔑 @qubit_13]

#bitcoin

[qubit ⚡️🔑 @qubit_13]

@AaokMath @ComedyLond @Arthur_van_Pelt @bsvsimp Mind if I ask when you first got into Bitcoin?

[qubit ⚡️🔑 @qubit_13]

Laszlo’s pizza purchase may not have come from nowhere.
In 2006, at the State of Play / Terra Nova Symposium in New York, a main theme was when virtual currency would break the “fourth wall” into the real world. The concrete example was the pizza delivery guy.
Bitcoin was the first to punch through that wall with enough force.
Not stating this as fact. Just a parallel that is hard to ignore.

https://t.co/1n0HL5FOUX

[qubit ⚡️🔑 @qubit_13]

@robin_linus @giacomozucco Everything was completed by the promised time; he had to rush a bit to meet the deadline.. But the financial crisis was also hanging over us, which gave Bitcoin a new opportunity as a P2P currency to find a new path and catalyst after the poker failure…

[qubit ⚡️🔑 @qubit_13]

Yes, just like the Bolten memorandum threw a wrench into things in May 2008 and set the deadline (Nov 1, 2008). He had to scramble, which created tension, and there was also a promise that it would be ready by the deadline. Nobody believed he would pull it off, but at the last moment — one day before the door would have closed — he uploaded the WP. By the time the final regulation came out and was entered into the Federal Register, he had also presented the code.

https://t.co/4aQKSLVH51

[qubit ⚡️🔑 @qubit_13]

Yes, just like the Bolten memorandum threw a wrench into things in May 2008 and set the deadline (Nov 1, 2008). He had to scramble, which created tension, and there was also a promise that it would be ready by the deadline. Nobody believed he would pull it off, but at the last moment — one day before the door would have closed — he uploaded the WP. By the time the final regulation came out and was entered into the Federal Register, he had also presented the code. It was neither perfect nor elegant, but the promise was kept and the task was completed.

[qubit ⚡️🔑 @qubit_13]

@BitPaine Crypto AG

https://t.co/E903BCAMVG

[FRANCIS ⚜️ BULLBITCOIN.COM @francispouliot_]

Kimi K3 unleashed is... terrifying.

It's one thing to scan codebase for security issues (which Claude and OpenAI block). It's another entirely to launch a fleet of AI to actually hack your service.

The normies and fiaters truly have no idea what is about to happen.

[qubit ⚡️🔑 @qubit_13]

One of my childhood dreams, the other is that I easily do wheelies on my BMX.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

[qubit ⚡️🔑 @qubit_13]

@_Phil_Wilson_ Yes, around December, before the actual launch. It wasn’t the valid node code, but some kind of mock-up.

[qubit ⚡️🔑 @qubit_13]

BIPCoin → RIPCoin

[qubit ⚡️🔑 @qubit_13]

The original Bitcoin philosophy was the elimination of third parties from peer-to-peer payments. It all started when, in 2006, pressure began to be applied against online gambling users. This was achieved by forcing payment processors not to handle deposits and withdrawals to online gambling sites. When I first heard about Bitcoin (we didn’t even know its name yet), around the summer of 2008, someone promised they were working on a solution and that it would be ready soon. Then there was silence for a while, and we thought nothing would come of the promise. Then the whitepaper appeared, right on the day before the UIGEA deadline. The essence was the removal of the third party! The transaction should be peer-to-peer! It was designed for payment transactions where it’s not a problem if you have to wait a few minutes, and the fee doesn’t matter as long as the transaction settles 100% between the two parties. A win-win for everyone. The network should evolve, and its value should be priced according to how many people use Bitcoin and in what volume. We should strive for scalability, because the use cases will probably grow. There will always be cases where it’s worth using Bitcoin, and there will always be cases where traditional means of payment are better and you shouldn’t pay with Bitcoin. Satoshi’s message was that he built the system for the user, not for the speculator. You can hold Bitcoin, but be clear that in that case you are only speculating on the price. Don’t hold it — use it! If you use it frequently, then hold it, because that way you healthily contribute to the increase in its value. That was how it was at the very beginning, at least as I remember it.

[qubit ⚡️🔑 @qubit_13]

@MrHodl @francispouliot_ @raw_avocado @ZakkEasterbrook @adam3us UIGEA came first, that was the catalyst. Specifically online poker.

[qubit ⚡️🔑 @qubit_13]

Satoshi’s plan was that the poker players would push the first domino, as there was a huge demand for a payment solution at the time, with the UIGEA law being finalized. In late 2008, he showed an early version to a few interested guys and asked if they would use it to bypass banks for deposits and withdrawals on online poker sites. Unfortunately, the payment method was too complex for the community, so it didn’t catch on, even though Satoshi delivered Bitcoin on the promised timeline.

What do you think—could the 2008 financial crisis or the 2006 UIGEA regulation have inspired Satoshi?

[Hans @Hannsek21]

Ported DOOM to Trezor Safe 7.

[qubit ⚡️🔑 @qubit_13]

@Kleiman1933 I didn’t know there was yet another reason for the white paper to be released on October 31

[qubit ⚡️🔑 @qubit_13]

@RiqProposito Firefly

[qubit ⚡️🔑 @qubit_13]

I have no direct evidence. Only my own first-hand memories.
They differ from the narrative that the mainstream keeps pushing.
The guy I quoted got the test codes from his childhood friend who lived in Australia in 2008. He might still have what he received, but even that doesn’t prove anything.

[qubit ⚡️🔑 @qubit_13]

Yes, I was affected by the UIGEA as a victim — my money got stuck somewhere and I couldn’t withdraw it. I was registered on several Hungarian poker forums and actively followed them. That’s where my attention was caught by one of the dozens of topics dealing with this subject. In that thread, a guy wrote that he was corresponding with someone who had told him he knew about a bank-bypassing P2P payment solution and had shared some information. This was roughly the summer and fall of 2008. The discussion in the thread revolved around sharing opinions on how usable such a payment solution would be for poker players. I personally don’t understand anything about programming, but there were a few guys who could chime in, and they talked about the technical side of things.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ They were talking about something similar. This is a quote from another Hungarian guy:
(It was node code, full of wired-in test strings, not a final version)(It wasn’t valid node code, just some kind of clone or mock-up)