The Final Post and Bitcoin’s Status in 2010
Thirteen years ago, Satoshi Nakamoto, the mysterious creator of Bitcoin, made their final post on the bitcointalk.org forum, highlighting the need for improvements in attack prevention. In December 2010, Nakamoto discussed Bitcoin version 0.3.19, mentioning the implementation of DoS limits and the turning off of safe mode alerts.
Nakamoto admitted that the software was still vulnerable to DoS attacks and acknowledged that there were various ways to exploit it. At that time, the price of bitcoin was only $0.23 per unit, with a total of 2,625,000 BTC in circulation. The market capitalization was just $603,750.
Bitcoin’s Growth and Development
Since Nakamoto’s departure, the cryptocurrency market has experienced exponential growth. The market capitalization of Bitcoin has reached a staggering $809 billion, marking a significant increase of 134,160,733%. However, the circulating supply has also grown to 19,568,312 BTC from the initial 2.625 million BTC.
Furthermore, the overall hashrate, which indicates the processing power of the Bitcoin network, was significantly lower during Nakamoto’s time. It stood at 103.88 GH/s compared to today’s mining devices that can generate up to 300 TH/s. The difficulty of mining has also increased from 12,251 to 67.31 trillion.
Nakamoto’s Last Activity on the Forum
Nakamoto’s final forum post was made on December 12, 2010, but they were still active on the forum the following day. It is unclear what their exact activity was, but it is possible they checked for replies or sent direct messages. Two users responded to Nakamoto’s last post, unaware that it would be their final communication.
One user asked for more details and documentation about the changes, but Nakamoto did not reply. Another user engaged in a discussion and asked an unanswered question about longer invalid blockchains and proof-of-work.
Hot Take: Satoshi Nakamoto’s Mysterious Exit and Bitcoin’s Growth
Satoshi Nakamoto’s final forum post highlights their dedication to addressing vulnerabilities in Bitcoin’s early days. Their sudden departure and continued anonymity have only added to the intrigue surrounding the mysterious creator. Despite Nakamoto’s absence, Bitcoin has flourished and become one of the most valuable cryptocurrencies in existence. The incredible growth in market capitalization and the increased mining difficulty demonstrate the resilience and strength of the network. Satoshi Nakamoto’s role in creating Bitcoin will forever be remembered, and their legacy lives on as the cryptocurrency continues to thrive.
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