Tuesday marks nine years since Satoshi Nakamoto announced the creation of the Bitcoin "Peer-to-Peer Electronic Cash System."
The Bitcoin white paper, still available on the same Bitcoin.org domain as in October 2008, offers an increasingly fascinating view of the niche project that, in October 2017, has a market capitalization more than 100 billion dollars. The document begins famous:
"A purely electronic version of electronic money would allow online payments to be sent directly from one party to the other without going through a financial institution. "
"Digital signatures are part of the solution, but the main benefits are lost if a trusted third party is still needed to avoid double spending." We propose a solution to the problem of the double spending using a peer-to-peer network. "
These networks are now used by three million users every day, this number is expected to increase to 200 million in the states projections of only seven years.
There are currently 3 million daily users of #Cryptocurrencies, by 2024 this number is expected to exceed 200 million. #Cryptocurrency $ BTC pic.twitter.com/VpqKHQ034Y
– Blockchainlife (@Blockchainlife) October 29, 2017
The anniversary of this year is particularly timely as Bitcoin reaches new historical highs without a hint serious price corrections.
Oct. 31 This year is also significant for other reasons, the date marking the deadline for China's domestic trade to cease supplying Bitcoin-to-Fiat exchanges. .
While these traders have migrated to alternatives, and outside the multi-billion dollar cryptocurrency industry is that Bitcoin is here to stay and will come out stronger as a result of the Competition Copies – Bitcoin Cash, Bitcoin Gold, Silver Bitcoin and SegWit2x
My choices for the upcoming altcoin season: Bitcoin Rhodium, Bitcoin Stainless Steel, OneCoin, Monero Gold, PayCoin.
– Riccardo Spagni (@fluffypony) October 30, 2017