Monero Time Profile picture
Apr 6 14 tweets 5 min read Twitter logo Read on Twitter
Thread - The history of #Bitcoin and how it was captured and nipped in the bud ? In this thread, you'll find out how bitcoin's capabilities were restricted to limit its technological power, so hang on! Image
In total, Bitcoin has had three lead developers. Wow, tell me you knew that Bitcoin's lead maintainers are no longer anonymous since satoshi left the project ? Image
But what happened ? Why did Satoshi jump ship and hand over the keys to the project to Gavin Andresen and disappear forever, prematurely ?
You can find his last post on bitcointalk here, as well as one of his last posts showing him worried on the bitcointalk forum, 7 days before he disappeared from the forum. Image
Indeed, he never wrote again on bitcointalk but he continued to help understand bitcoin and respond by email, in his reply to Mike Hearn on 23 April 2010, satoshi says he has moved on, that the project is in good hands with Gavin and everyone else. Image
Find here the email discussions between Mike and Satoshi, plan99.net/~mike/index.ht…
The last sign of life he gave before his untimely demise was an email to Gavin on 26 April 2011, a day before Gavin claimed to have been contacted by the CIA about Bitcoin. Image
Gavin Andresen, 15/06/2011 Image
Why has bitcoin never really evolved into a true P2P CASH SYSTEM since satoshi disappeared ?
Did you know that in 2009, Hall Finney was looking for ways to add privacy to Bitcoin? One of the first developers of Bitcoin alongside Satoshi. Privacy is the foundation of cash.
Did you know that in August 2010, Satoshi came up with the idea of stealth addresses and ring signatures for privacy, concepts used today in #Monero? Here are the sources : bitcointalk.org/index.php?topi… bitcointalk.org/index.php?topi… Image
Do you know about the block wars and why #BCH came into being ? Satoshi had restricted the block limit to avoid spam but before his final departure he had added a feature to bitcoin that would later allow it to gradually increase the block size to accommodate more users.
The rest of the discussion will continue tomorrow, so as to avoid having a huge topic of discussion in one go. Get your popcorn ready, because the rest of the discussion will be spicy. See you tomorrow!

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More from @MoneroTime

Apr 4
The article is full of errors. @coinbureau should contact a Monero dev to correct his article. @jtgrassie @hyc_symas
The only thing bitcoin does better is hype ImageImage
And bitcoin transaction fees are much higher than 39cent on average
Read 4 tweets
Jan 31
1/65 Thread comparing #Monero vs #Bitcoin-#Zcash-#Litecoin 🧵
2/65 It is 4 projects with one thing in common: they are intended to be used as an alternative to fiduciary money. They are also the highest ranked in terms of market capitalization for what they are intended for (digital money)
3/65 To begin I would like to clarify that the Monero codebase has nothing to do with the Bitcoin codebase, the anonymity provided by CryptoNote by design is not possible with the Bitcoin codebase. #ZEC #LTC we were launched with the #BTC code base
Read 66 tweets
Jan 23
🧵🔥A major update in the Monero protocol is coming and is called Seraphis & Jamtis and will require a fork and this will roll out in 2024.
1/32 Monero plans to adopt a new privacy-focused 4th generation transaction protocol for p2p electronic payment systems called Seraphis (designed specifically for Monero).
2/32 However, due to a different keyframe construction, Seraphis is not compatible with CryptoNote addresses. Thus the current CryptoNote addresses will be replaced at the same time by a new addressing scheme developed specifically for Seraphis which will be called Jamtis.
Read 34 tweets
Jan 7
1/8 🧵 Apparently of people are studying the possibility of creating a stablecoin collateralized by fiat and which respects the privacy of users (anonymous stable coin)
2/8 For this, they want to use ZK-proofs (Zero-Knowledge proofs): Zcash already uses ZKPs
3/8 The authors imagine several types of limits similar to those existing on cash in order to reassure regulators
Read 8 tweets

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