The Bitcoin White paper just turned 13 years old
By Bob Garcia
The document that started the cryptocurrency phenomenon celebrates its 13th birthday
Amid growing institutional adoption of the cryptocurrency space, it has been announced that the thirteenth birthday of the Bitcoin (BTC) white paper has arrived. The world is still facing different challenges, but the crypto space continues to be a trend and the perseverance of the white paper for over a decade is a clear example that BTC and other cryptocurrencies are here to stay.
Satoshi Nakamoto published the BTC white paper on October 31, 2008, on a cryptocurrency mailing list hosted by Metzdow. This mailing list was renowned for being full of ideas aimed at creating a form of digital currency: some of them have even been cited in the BTC white paper.
Titled “Bitcoin P2P e-cash paper,” Nakamoto’s white paper was based on a detailed explanation of how his digital currency is fully peer-to-peer (P2P) and does not require a trusted third party for a transaction to occur. At the time, the white paper didn’t really receive the acceptance many might expect, but needless to say, that has changed over the years.
Leo Matchett, co-founder and executive director of Decentralized Pictures, a nonprofit organization that supports independent filmmakers, said in an interview that the BTC white paper “is the genesis of a new era in monetary sovereignty,” adding, “Satoshi stood on the shoulders of giants and solved problems that those who came before could not.” Matchett says the white paper could also be considered the beginning of a new era for the different monetary systems globally, especially because it pioneered the idea that decentralization is more valuable than centralization.