Was Bitcoin real the first decentralized Crypto?

[teminalibug 309]

I juts found out that Ripple/XRP it's development trace back in 2004 even though it;s release was in 2012,

While Bitcoin was first released in 2009, makes me wonder is bitcoin the very first Idea of cryptocurrency, or there were other failed projects?!!

Edited December 15, 2019 by teminalibug

[duncun007 3577]

15 hours ago, teminalibug said:

I juts found out that Ripple/XRP it's development trace back in 2004 even though it;s release was in 2012,

While Bitcoin was first released in 2009, makes me wonder is bitcoin the very first Idea of cryptocurrency, or there were other failed projects?!!

the idea of crypto has always been there but nobody actually formed the math and put it in a very secure form like satoshi which is why those who had been working on creating crypto stopped and joined the vision of satoshi himself.

[teminalibug 309]

13 hours ago, duncun007 said:

the idea of crypto has always been there but nobody actually formed the math and put it in a very secure form like satoshi which is why those who had been working on creating crypto stopped and joined the vision of satoshi himself.

Oh, what do you mean by joining, who joined the Satoshis project, or do you mean the other cryptocurrencies?

[teminalibug 309]

14 hours ago, Digicoin said:

With what you said, you said ripple was launched in 2012 while bitcoin was launched in 2019. So, bitcoin is simply the first coin.

yes but ripple's development is traced back to 2004 before 2009 on the release of Bitcoin.

[Nakamoto 279]

On 12/13/2019 at 3:40 PM, teminalibug said:

I juts found out that Ripple/XRP it's development trace back in 2004 even though it;s release was in 2012,

While Bitcoin was first released in 2009, makes me wonder is bitcoin the very first Idea of cryptocurrency, or there were other failed projects?!!

Before bitcoin was born, several cryptocurrencies were the forerunner of bitcoin. The only difference is that bitcoin is decentralized. So you should fix your thread title.

 

[duncun007 3577]

14 hours ago, teminalibug said:

Oh, what do you mean by joining, who joined the Satoshis project, or do you mean the other cryptocurrencies?

no i meant they knew it was over because he made the ultimate coin which is bitcoin and they joined as in made their own crypto currencies projects based on bitcoin math and network.

[Hatred 1388]

On 12/13/2019 at 4:40 PM, teminalibug said:

I juts found out that Ripple/XRP it's development trace back in 2004 even though it;s release was in 2012,

While Bitcoin was first released in 2009, makes me wonder is bitcoin the very first Idea of cryptocurrency, or there were other failed projects?!!

Base on what you said, I think bitcoin is the first cryptocurrency to be release in public. Maybe that's the right term to say. But, we can change the fact that XRP is also depends it value on the value of Bitcoin, so, for me, btc is the main source of almost all the cryptocurrency.

[kyoukage01 3181]

16 hours ago, teminalibug said:

Oh, what do you mean by joining, who joined the Satoshis project, or do you mean the other cryptocurrencies?

I think it is more like the other similar projects ripped off Bitcoin's blockchain technology after seeing its potential. It is possible that they did. Whether or not they care to admit it is another matter, and as far as I know, they don't 🙂 .

 

Did Satoshi Nakamoto submitted his Bitcoin baby for a copyright? If he did, he'd be suing the altcoin developers by now LOL.

 

[teminalibug 309]

8 hours ago, kyoukage01 said:

I think it is more like the other similar projects ripped off Bitcoin's blockchain technology after seeing its potential. It is possible that they did. Whether or not they care to admit it is another matter, and as far as I know, they don't 🙂 .

 

Did Satoshi Nakamoto submitted his Bitcoin baby for a copyright? If he did, he'd be suing the altcoin developers by now LOL.

 

Yes bitcoin is open source and there is no copyright issues on forking it to make it your own.

10 hours ago, Hatred said:

Base on what you said, I think bitcoin is the first cryptocurrency to be release in public. Maybe that's the right term to say. But, we can change the fact that XRP is also depends it value on the value of Bitcoin, so, for me, btc is the main source of almost all the cryptocurrency.

If you follow the market so closely, Bitcoin only able to move those coins because it has the biggest maketcap, but also if you look closely, sometimes ripple refuses bitcoin and moves on it's own most of the times.

[teminalibug 309]

10 hours ago, duncun007 said:

no i meant they knew it was over because he made the ultimate coin which is bitcoin and they joined as in made their own crypto currencies projects based on bitcoin math and network.

Ah okay, that;s right, but what if there were other coins created before Bitcoin that failed, I mean this blockchain tech is traced far back. https://www.forbes.com/sites/oliversmith/2018/03/23/blockchains-secret-1000-year-history/#10e96e7718d2

[teminalibug 309]

17 hours ago, Nakamoto said:

Before bitcoin was born, several cryptocurrencies were the forerunner of bitcoin. The only difference is that bitcoin is decentralized. So you should fix your thread title.

 

Oh, right, I messed that up, bitcoin is decentralized, was a typo mistake, I'm going to fix it right now.

[Nakamoto 279]

53 minutes ago, teminalibug said:

Oh, right, I messed that up, bitcoin is decentralized, was a typo mistake, I'm going to fix it right now.

I saw you have not yet fixed the title. But it's ok maybe you busy chasing my first name. People make a mistake, and that is why the machine is better than human. However, the human can stick together and remind each other. If you combine machine decision and human confirmation, you will have a decentralization.

[teminalibug 309]

11 minutes ago, Nakamoto said:

I saw you have not yet fixed the title. But it's ok maybe you busy chasing my first name. People make a mistake, and that is why the machine is better than human. However, the human can stick together and remind each other. If you combine machine decision and human confirmation, you will have a decentralization.

Actually i was chains those 30 post/day, lol.. I;m going to change it now, I promise. By the way I did not pay attention on your name, woah/1, Nakamoto!!

[duncun007 3577]

9 hours ago, teminalibug said:

Ah okay, that;s right, but what if there were other coins created before Bitcoin that failed, I mean this blockchain tech is traced far back. https://www.forbes.com/sites/oliversmith/2018/03/23/blockchains-secret-1000-year-history/#10e96e7718d2

i dont man i dont believe to articles and i have also seen videos of people trying to take credit for the blockchain technology after satoshi invented it, they might have the idea of it but they didnt do it so that dont qualify them to claim blockchain tho,

[duncun007 3577]

On 12/15/2019 at 1:31 AM, Nakamoto said:

Before bitcoin was born, several cryptocurrencies were the forerunner of bitcoin. The only difference is that bitcoin is decentralized. So you should fix your thread title.

 

but the fact is still that these projects didnt find any real platform to advertise for themselves even if they existed before bitcoin it self and they didnt have a market to contain them,

[Nakamoto 279]

17 minutes ago, duncun007 said:

but the fact is still that these projects didnt find any real platform to advertise for themselves even if they existed before bitcoin it self and they didnt have a market to contain them,

So? Why you talking about the old centralized project. The answer to this topic is yes, bitcoin is the first decentralized crypto.

[guatazoo 7150]

On 12/13/2019 at 11:40 AM, teminalibug said:

I juts found out that Ripple/XRP it's development trace back in 2004 even though it;s release was in 2012,

While Bitcoin was first released in 2009, makes me wonder is bitcoin the very first Idea of cryptocurrency, or there were other failed projects?!!

bitcoin was the first decentailed co , if those other projects failed, that means they never got a chabe to become the first decentralized crypto.

[Nakamoto 279]

11 hours ago, guatazoo said:

they never got a chabe to become the first decentralized crypto.

It's not that they don't have a chance. But the project was designed as a central cryptocurrency platform. Decentralization was applied by satoshi to bitcoin, making it the first decentralized cryptocurrency.

[teminalibug 309]

12 hours ago, guatazoo said:

bitcoin was the first decentailed co , if those other projects failed, that means they never got a chabe to become the first decentralized crypto.

That is a good point and it is true , but i was asking for you guys to verify with me that there were other projects before even if failed.

15 hours ago, duncun007 said:

i dont man i dont believe to articles and i have also seen videos of people trying to take credit for the blockchain technology after satoshi invented it, they might have the idea of it but they didnt do it so that dont qualify them to claim blockchain tho,

You know that blockchain is a technology that is separated from cryptocurrency at the first place right?

[Hatred 1388]

On 12/15/2019 at 10:31 PM, teminalibug said:

If you follow the market so closely, Bitcoin only able to move those coins because it has the biggest maketcap, but also if you look closely, sometimes ripple refuses bitcoin and moves on it's own most of the times.

That's true that ripple sometimes being independent. But we are just talking about who comes or who is the true first cryptocurrency that is been invented. But I agree to what you have said.

[guatazoo 7150]

22 hours ago, Nakamoto said:

It's not that they don't have a chance. But the project was designed as a central cryptocurrency platform. Decentralization was applied by satoshi to bitcoin, making it the first decentralized cryptocurrency.

I get that nakamoto, but I was thinking if there was creation of a coin even though centralized, then there might be other decentralized whose development or launch was failed.

[febriyana 934]

I think that is already clear Bitcoin is the first. You say Bitcoin launched at 2009 but XRP launched at 2012. 

There is the fact you must know, no matter how long you prepare or when you got the idea. If you not launch it you will still be the second not the first.

Also for Bitcoin is the first decentralized cryptocurrency. Where for xrp maybe can be the first centralized cryptocurrency.

Crypto thing is already known before Bitcoin several years ago, but to make crypto for solution payment never invented before.

[teminalibug 309]

5 minutes ago, guatazoo said:

I get that nakamoto, but I was thinking if there was creation of a coin even though centralized, then there might be other decentralized whose development or launch was failed.

That is very much likely, let me google if I can find nay results.

I find this article and there was many attempts, look them in this link https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

 

here is one of the attempts;

Quote

Bit Gold

Not to be confused with the contemporary gold-based exchange of a similar name, Bit Gold was another electronic currency system which dates back to the same period as B-money. Proposed by Nick Szabo, Bit Gold came with its own proof-of-work system that in some ways is mirrored by today's bitcoin mining process. Through this procedure, solutions were compiled cryptographically and then published for the public in much the same way a modern blockchain would function.

 

[guatazoo 7150]

2 hours ago, teminalibug said:

That is very much likely, let me google if I can find nay results.

I find this article and there was many attempts, look them in this link https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

Have checked the article and most of those pre digital currency development are not using the blockchain, So that concludes the perfect digital money creating success was with the blockchain.

[teminalibug 309]

28 minutes ago, guatazoo said:

Have checked the article and most of those pre digital currency development are not using the blockchain, So that concludes the perfect digital money creating success was with the blockchain.

Yes and it is said that blockchain was there before bitcoin, so satoshi might have seen the potential and so created the Bitcoin.