How a mail revolutionize the world's finance happy Halloween day
I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. Satoshi Nakanoto
Satoshi knew every great project need massive awareness in other to amass a wider user base on Oct 31 2008 Satoshi took a leap of faith and sent out mail to a group of mailing list of cryptograhpers this simple step gave birth to what the crypto space are celebrating it's been fifteen years since the significant event took place which has revolutionize and gave gave birth to what is called bitcoin a decentralized digital currency built on transparency for global use.
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It all started with centralized system
The world financial system is a complete hoax! Young Satoshi reiterated over and over as he calmly talk to himself, being an introvert and always curious about how world financial institutions operate their financial services Satoshi vows and made a decision to change how people use money for transactions.
He made research for years going deep into how the idea of fiat currency come about and how the system have been flawed for decades, he realized Double spending have been one of the biggest challenges the current fiat system have been facing and no one is doing anything about it, why not introduce a system that cannot be double spent or duplicated, ideas began to flow as he makes more research on how to solve world biggest problem in fiat currencies, Satoshi moved with the passion of fixing the world fiat system out of curiosity he dive into the world of cryptography to understand how security systems in cryptography and blockchain technology.
In his quest of study he met like minded friends that were also tired of the old centralized system of fiat double spending and wish they could change how these means of transaction will be more transparent for a balanced global global payment system together they form an anonymous team of Satoshi in fear of their identity not to be disclosed they make their work and research in close doors to give the world what is called Bitcoin a digital currency for all.
The stormy days
Days turn into weeks and weeks into years of undergoing rigorous sleepless night of making research to introducing a system that will change world financial system of fiat currency double spending problem using an electronic system call bitcoin.
One night a team member from the Satoshi group called Satoshi, after a long night research, out of frustration he said to Satoshi I believe we have done our best all this years to come up with an idea of decentralized system that will disrupt the so called centralized system but it all seem we are not making good progress with our research why not end it today let's just have good time with our families and friends we are completely lost in a world of fantasy if we think a small group like this can make any difference to change the world financial system.
These words from a group member did not deter the group but they kept doing what they know best stayed focused and kept on with their quest of bring up a better system that will be transparent and decentralized for global access for everyone, they believe the world can have an equall distributed system that's free from intermediary control.
The mail that changed everything
A mail changed the narrative, the revolutionary quest began with just a mail sent out on October 31 2008 the anonymous Satoshi group sent out their first mail to a mailing list of cryptograhpers which is now celebrated as Halloween, a day that marked a milestone for bitcoin whitepaper.
Well we can't tell how long it took Satoshi team to carry out their research but what we can correctly predict is their long term goal of unveiling a decentralized digital currency for the world was a success it's a calm after the storm story a happy ending for the team.
It's long fifteen years since the first mail was sent out from Satoshi team and no one has heard from the team till date some believe they are closely watching how things are unfolding and how developers have been working to improve on their work by introducing lightning network on bitcoin that will even make transaction on bitcoin blockchain more seamless fast and less transaction fee.
Ever given it a thought if Satoshi never hit that send button? What if that mail was never sent out? Maybe we wouldn't have bitcoin today
If Satoshi is here and reading this we did say a big thank you for bringing up idea of what is know as decentralized money Bitcoin