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Some things in Bitcoin are just not up for debate.
The plural of bitcoin is also bitcoinâ not bitcoins. (One bitcoin, two bitcoin, three bitcoinâŚ) Bits is a better sub-denomination than sats. (100 sats is actually one bit, like a 100 cents is one dollar; being a wholecoiner makes you the Bitcoin-equivalent of a millionaire, as that would mean you have a million bits.) And October 31st is not Bitcoinâs birthday.
Bitcoinâs birthday is January 3rd. It says so right there in block 0: 2009-01-03 19:15:05 GMT +1. On that day Bitcoinâs blockchain launched, with 50 newly generated coins issued to Satoshi Nakamoto's public key. (But from which Bitcoinâs creator cannot spend according to the protocol rules; since Satoshi was the only person who could have created the genesis block, that would have effectively constituted a 50 BTC pre-mine.)
Yes, Bitcoin was first proposed through Satoshiâs white paper on October 31, 2008. But you donât celebrate your birthday on the day your mom told your dad she wanted to have a kid. Nor do you celebrate it on the day your parents conceived you, or on the day they announced you to the world via a gender reveal party.
You celebrate your birthday on the day you were born, and the same is true for Bitcoin. January 3rd.
Happy Bitcoin White Paper Day.
This article is a Take. Opinions expressed are entirely the author's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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