yosats on Nostr: The first mention of “bit coin” was made on April, 2008 - 6 months before the ...
The first mention of “bit coin” was made on April, 2008 - 6 months before the Bitcoin whitepaper was published 😳
Nick Szabo had published an article on bit gold. A mysterious person “eddie” introduced a concept of time adjusted inflation to prevent the supply of rapid expansion due to faster CPUs.
Interestingly it sounds suspiciously similar to difficulty adjustment which is a cruical element in Nakamoto Consensus.
Funnily eddie misspelled bit gold as “bitgold” AND yet non-existant bitcoin as “bit coin”…
Could this eddie be Satoshi? 🧐
http://web.archive.org/web/20060329122942/http://unenumerated.blogspot.com/2005/12/bit-gold.html
Nick Szabo had published an article on bit gold. A mysterious person “eddie” introduced a concept of time adjusted inflation to prevent the supply of rapid expansion due to faster CPUs.
Interestingly it sounds suspiciously similar to difficulty adjustment which is a cruical element in Nakamoto Consensus.
Funnily eddie misspelled bit gold as “bitgold” AND yet non-existant bitcoin as “bit coin”…
Could this eddie be Satoshi? 🧐
http://web.archive.org/web/20060329122942/http://unenumerated.blogspot.com/2005/12/bit-gold.html