Some things in bitcoin are simply not up for debate.
The plural of bitcoin is also bitcoin, not bitcoins. (One bitcoin, two bitcoins, three bitcoins…) Bits is a better subdenomination than sats. (100 sats is actually one bit, like 100 cents is a dollar; being a full user makes you the bitcoin equivalent of a millionaire, since that would mean you have a million bits.) And October 31 is not bitcoin's birthday.
bitcoin's birthday is January 3rd. It says it right there in block 0: 2009-01-03 19:15:05GMT +1. That day the bitcoin blockchain was launched, with 50 newly generated coins issued with Satoshi Nakamoto's public key. (But of which the bitcoin creator cannot spend according to the protocol's rules; since Satoshi was the only person who could have created the genesis block, that would have effectively constituted a 50 btc pre-mine.)
Yes, bitcoin was first proposed via Satoshi's white paper on October 31, 2008. But you don't celebrate your birthday on the day your mom told your dad she wanted to have a child. Nor do you celebrate the day your parents conceived you, or the day they announced you to the world through a gender reveal party.
You celebrate your birthday on the day you were born, and the same goes for bitcoin. January 3.
Happy bitcoin White Paper Day.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
