History of Bitcoin, and Who is Satoshi Nakamoto?

Bitcoin is a digital currency created in 2009, but does not know who the founder of this currency. Satoshi Nakamoto is the one who allegedly invented the digital currency. The name has something to do with the open and Bitcoin-designed software.

Looking at the network is very different from other payment systems, using peer-to-peer networks. Where using this network is not centralized storage / main administrator, therefore Bitcoin is not controlled by the government because bitcoin embraces decentralization system.

Image: genesis-mining.com

Early on, Bitcoin released its first 50 Bitcoins in the world produced from a system later known as "Genesis Block". To get this Bitcoin required mining digitally, every 10 minutes or so after the new Bitcoin can be distributed. Bitcoin itself is one of the first implementations called Cryptocurrency.

The beginning of Bitcoin became popular because of the cryptographic group, the group that engaged in the research of encryption (cryptography). Satoshi Nakamoto is also active in this group, some report that he is diligent enough to reply to various questions in various forums. So do not be surprised, cryptography is the first major foundation where Bitcoin stand up to crowd like today that many hunted many people
But the inventor of Bitcoin is not yet known clearly. Nakamoto, who at the time along with Wikileaks plans to take advantage of this digital currency to receive donations from various donors, But Nakamoto protested the plan by singing a loud enough voice and angry, the reason that Bitcoin is not ready to receive the treatment.

Nakamoto revealed on December 5, 2010

"This project needs to grow slowly so that Software can be strengthened as we go. I submitted to Wikileaks, please do not use Bitcoin. Bitcoin is a toddler beta community. You will not get (donate via bitcoin) more than just the coins, but the impact you bring can destroy us, "more or less like that.
Bitcoin increasingly rises day the value of the price, it is caused by many factors. One of the main factors is the large number of Bitcoin enthusiasts around the world. This indicates that Bitcoin is a successful digital currency published.

Behind it all, Nakamoto apparently had another thought that is to leave the currency he had made. Precisely on December 12, 2010, about 7 days after the debate with Wikileaks. Many think that Nakamoto is not splitting in Bitcoin, because he has written the last message in the forum (not know the name of the forum). But he is still routine, although rarely reply to emails from Bitcoin plagiarism.

The emergence of Gavin Andresen, a developer who was originally famous for his site Bitcoin Faucet (looking for Bitcoin in a way like typing capcha, PTC, completing surveys, etc.) by distributing 10,000 Bitcoin rewards for free. Gavin Andresen is also the leader of Bitcoin development as well as the only person who still communicates with Satoshi Nakamoto via email. Andresen himself delivered a message from Nakamoto precisely on April 26, 2011.

"This morning Satoshi suggested that I, and we (the bitcoin group), should start not to exaggerate the existence of the (mysterious founder) when talking to the public about bitcoin," Gavin Andresen wrote.
The founder of Bitcoin sent a message addressed to his group that he had moved on to do other things. In April 2011, after sending the message, Nakamoto disappears and no more news. To the extent that Bitcoin activists contacted him but no results were obtained.

On the one hand there is a saying that Satoshi Nakamoto is a deliberately disguised name because it does not know the reason, the name is taken from the name of a large technology company such as Toshiba, Motorola, Nakamichi and Samsung.

The strange thing is that Satoshi Nakamoto has excellent English, no wonder if anyone speculates that Nakamoto is not from Japan. And there is also a saying that Nakamoto is not a person but a group / team. If you think deeper, to create a system with a very good design, it seems impossible if Bitcoin is made by 1 person only.

Image: bitcoin.com

Many researchers who until now do not know about, who is Satoshi Nakamoto actually. If you think about it more deeply, it seems you have to change your way of thinking. There is something more important, namely by looking at a work that is very influential on society in the world.

Bitcoin increasingly hit its hunters by doing a variety of ways to get it though hard-earned and disappointed due to investing the Scam-culminate you have to be careful when investing that lure big results.

Bitcoin has many advantages, it is not possible this digital currency does not have weaknesses. One of the disadvantages is the presence of Bitcoin users' scanning threats. One is the storage of Bitcoin.

To be able to accommodate Bitcoin, it takes a wallet Bitcoin (wallet Bitcoin), many of which provide this Bitcoin wallet, one of which is Bitcoin.co.id originating from Indonesia. To spend this digital currency required a special code called "private key" that can be stored locally or printed paper.

There is a problem that arises because the Private Key code can be stolen or lost, whether it is hackers, but no one knows. If the Private Key code is stolen connected in a Bitcoin wallet account, then the money and the corresponding Bitcoin will be sold out because it could be the money and the corresponding bitcoin may be sent to the perpetrator's container wallet or may be spent by the perpetrator.

For example, an online wallet provider experienced by Inputs.io hacked by hackers resulting in Bitcoin losing $ 1.2 million. Surely this will result in disappointment experienced by the Customer.
To anticipate this need Wallet Bitcoin protection. By giving a strong password, but that's all I think is not quite the fullest. Users should enable the Google Authenticator 2-factor authentication service (which may be an application on your smartphone) that almost all Bitcoin wallets have provided. Backup of Bitcoin wallet data is also strongly recommended to guard against the possibility of server computer problems or caused by damage to the hard disk.

In this case, CEO of Bitcoin.co.id (Oscar Darmawan) responded to the problem using an effective way by making Bitcoin print-out wallet in printed form, with the excuse to backup the data.

"Then, to be safe, we save the mold in the safety deposit box," said CEO of Bitcoin.co.id (Oscar Darmawan) when he met the gathering event of Indonesia Bitcoin Community in Jakarta on Saturday (1/18/2014)
Bitcoin is one of the cryptocurrency types that circulate in cyberspace, more than that many other types of Alcoin such as ETH, BCH, LTC, DASH, DOGE, etc .. for enthusiasts and the value of the price is very varied.