Idelto

Cryptocurrency news website

birthday

Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3

by

Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3

Bitcoin’s 10th anniversary will fall on Jan. 3. As a decentralized currency that belongs to everyone and no one, there is no official way to commemorate its 10th birthday. From wallet manufacturers to developers, every ecosystem participant will have their own suggestions as to how bitcoiners should mark the historic occasion.

Also read: Support Grows for Bitcoin Proof of Keys on Jan. 3

Unofficial Ways to Celebrate Bitcoin’s Unofficial Birthday

Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3It’s human nature to see significance in numbers. That’s why the crypto community lost its mind over a block hash containing 18 consecutive zeros earlier this year, and it’s also why there will be great fanfare over Bitcoin’s 10th birthday, despite the fact that numerically speaking, 10 is no more significant than any other integer.

It’s fitting that the cryptosphere can’t even agree on the official date of Bitcoin’s birthday, which could fall on Jan. 3, when Satoshi mined the genesis block, or on Oct. 31, when he published his whitepaper. For those who believe it to be the former (or simply want an excuse to celebrate Bitcoin’s birthday twice a year), there’s no shortage of ways to mark Jan. 3. Here’s how various ecosystem participants will be celebrating the event.

Merchants and Manufacturers

Vendors would predictably like you to celebrate Bitcoin’s 10th by buying memorabilia. We’ve covered much of this stuff already, including an expensive watch, an expensive clock, and a reasonably priced hardware wallet. For those too penurious or too cynical to rinse $4,000 on a Bitcoin timepiece, there are more affordable souvenirs available; a t-shirt or framed print should suffice.

Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3

Mainstream Media

Mainstream media have gotten cryptocurrency wrong for a decade, and they’re not going to break the habit of Bitcoin’s lifetime on its 10th. Expect buttloads of verbose hit pieces masquerading as thought pieces pondering “What has Bitcoin actually achieved?” By the time they finally get it, it’ll be too late. Meanwhile, don’t give the media the rage clicks they crave. If you really want to read about Bitcoin’s decade in review, there’ll be plenty of cryptocurrency publications, news.Bitcoin.com included, on hand to do the honors.

Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3
Mainstream media: still struggling to understand Bitcoin

Bitcoin Users

On Jan. 3, a significant number of bitcoin users will be busy withdrawing their cryptocurrency from exchanges and storing it on non-custodial wallets. The move will be initiated as part of Proof of Keys, a scheme designed to return ownership of bitcoin from third parties to individuals, where the digital coins were always meant to reside.

Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3

Bitcoin Developers

Expect to see plenty of geeky tweets from prominent Bitcoin developers on Jan. 3 that draw upon the rich trove of data at their disposal. A handful of devs have been working on the cryptocurrency’s code since the early days, and thus Bitcoin’s 10th will also be an opportunity for self-reflection. There are no longer service medals to be earned for making code commits to Bitcoin Core or Bitcoin Cash — merely the satisfaction that comes from knowing you’ve played a small part in optimizing Satoshi’s creation for the next wave of users.

Bitcoin Businesses

Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3Exchanges, wallet developers, P2P platforms and other crypto businesses will be celebrating Bitcoin’s 10th in their own way; expect to see discounts, zero-fee trading and other offers to mark the occasion, plus a whole lot of Bitcoin trivia shared on social media.

While there’s no obligation to celebrate Bitcoin’s birthday (as a permissionless creation, that’s one of its charms), many of those who’ve come to know and love the cryptocurrency over the last 10 years will take a moment to toast this milestone. Whether that means raising a glass, buying bitcoin, or withdrawing coins to a non-custodial wallet, there are numerous ways to observe Bitcoin’s most symbolically significant birthday yet. The next time an anniversary as widely celebrated arrives will likely fall on Jan. 3, 2059, when Bitcoin turns 50. Here’s to the next 40 years.

How will you celebrate Bitcoin’s 10th birthday? Let us know in the comments section below.

Images courtesy of Shutterstock and Google Inc.

Need to calculate your bitcoin holdings? Check our tools section.

The post Here’s How the World Will Commemorate Bitcoin’s 10th Anniversary on Jan. 3 appeared first on Bitcoin News.

Bitcoin in Brief Friday: Satoshi’s Birthday and Tezos Turmoil

by

Bitcoin in Brief Friday: Satoshi’s Birthday and Tezos Turmoil

Welcome to the Friday edition of Bitcoin in Brief. The fourth instalment of this new feature from news.Bitcoin.com is the most eclectic yet, encompassing everything from Satoshi Nakamoto’s faux birthday to juicy snippets from the Tezos lawsuit. According to court documents, the project’s co-founder, Kathleen Breitman is a “one woman band”.

Also read: Bitcoin in Brief Thursday: Busted in Bangkok

  • Happy Birthday Satoshi Wherever You Are

On Thursday, bitcoin’s pseudonymous creator was sent birthday greetings from all corners of the cryptosphere. The DOB Satoshi Nakamoto entered on his Bitcointalk forum profile is almost certainly not his true birthday. Nevertheless, April 5 now rivals January 3, when the genesis block was mined in 2009, as unofficial Satoshi Day.

Bitcoin in Brief Friday: Satoshi’s Birthday and Tezos Turmoil

It has been suggested that Satoshi chose this date because on April 5 1933 President Roosevelt signed an executive order “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States”. Saving gold was henceforth a crime punishable with a $10,000 fine ($200k today) and upto 10 years in jail. Then again, perhaps people are reading too much into all this. For what it’s worth, if his Bitcointalk DOB was correct, Satoshi would be 43.

  • Good News and Bad News for Tezos

EOS, Cardano and Tezos: Sleeping Giants Starting to StirThis week Tezos eased closer to launching its mainnet, which is scheduled for Q3 of this year. That’s the good news. Meanwhile, juicy details have been emerging about the class action complaint filed against Tezos. That’s the bad news as far as Kathleen Breitman and husband Arthur are concerned. The plaintiffs are seeking their bitcoin and ethereum back plus monetary damages to cover the shortfall in the assets’ subsequent appreciation.

In particular, the class action complaint, filed on April 3, outlines evidence that Tezos was offering U.S. investors tokens that constituted a security. Amusingly, the criminal complaint includes quotes from r/ethtrader and r/tezos from Arthur Breitman, serving as a reminder that anything an ICO writes – in its whitepaper, on its website, and on social media – can and will be used as evidence against it. The class action filing also cites a Reddit AMA Kathleen Breitman held, highlighting the fact that she referred to herself as a “one woman band”.

  • Binance Delists Centra, Bigs Up Malta

Binance has moved to delist centra (CTR), the token whose ICO founders were arrested on April 1 as one of them was trying to leave the U.S. As reported in Bitcoin in Brief on Tuesday, the CTR token subsequently plunged in price, while exchanges moved to distance themselves from a tainted asset that had been branded as a security. On a brighter note, Binance chairman CZ claims that over 20 crypto companies are looking to move to or invest in Malta, where his exchange is presently relocating.

Bitcoin in Brief Friday: Satoshi’s Birthday and Tezos Turmoil
Remarkably, people are still buying centra.

In other cryptocurrency exchange news, IDEX has just passed 100,000 users and claims to be accounting for over 50% off all ethereum DEX volume. Naturally it’s using this news to try and drum up interest in its ICO for a staking token that promises a profit share from future trading fees.

  • This Week in Weird ICOs

Bitcoin in Brief Friday: Satoshi’s Birthday and Tezos TurmoilOn the one hand, ridiculous ICOs don’t deserve the oxygen of publicity they so desperately crave. But on the other, the Royal Wedding ICO is so crazy it warrants a mention. Apparently, the crowdsale enables “the people of the world to feel a part of the Royal Wedding, whilst being able to provide an engaging outlet for interested parties to not only contribute to a decentralised wedding gift, but also appeal to their financial prowess in the creation of an investment mechanism such as the Royale Coin.” One can only hope that’s the last time the words “decentralised wedding gift” are ever used. In comparison, Eric Voorhees’ suggestion that Tesla holds an ICO seems pretty sensible.

  • IOTA Burns More Bridges

IOTA is going through a very messy public break-up with a team member. The project’s David Sønstebø has accused now-former employee Per Lind of all sorts of misdeeds. He’s also deleted a Medium post dating from 2016 in which IOTA welcomed Lind into the fold. Lind, for what it’s worth, has refuted the accusations that have been made against him. An unusually high proportion of the people David Sønstebø meets wind up betraying him, if the IOTA co-founder is to be believed. He really does have rotten luck.

  • Buy the Dip

Finally, a trailer has appeared for a forthcoming crypto comedy called Buy the Dip. A “biting satire on the world of cryptocurrency” it looks every bit as silly as it sounds.

What other bitcoin stories caught your attention today? Let us know in the comments section below.

Images courtesy of Shutterstock, and Coincodex.

Need to calculate your bitcoin holdings? Check our tools section.

The post Bitcoin in Brief Friday: Satoshi’s Birthday and Tezos Turmoil appeared first on Bitcoin News.