Welcome, thank you for visiting Keyois.com, if this is your first time hearing about Bitcoin you are probably very confused.

Bitcoin is a system of trustless bookkeeping, it lets people transact between each other with no other middleman. Things are verified in a decentralized way such that the users never need to fear their funds will be frozen or restricted. Beyond that, things get a little bit more complicated.

If the way that money is created and distributed by central or commercial banking institutions seems unjust to you then you may enjoy the possibilities that Bitcoin enables.

The Origin of Bitcoin

Bitcoin was released on a ‘cypherpunk’ mailing list and thus we consider the cypherpunk manifesto as influencing the origin of Bitcoin.

The Bitcoin whitepaper is often taken as the ‘specification’ of the Bitcoin concept. Some people want to better understand what Satoshi had in mind when ‘he’ created and designed Bitcoin, for those people I recommend: the pre-release of the bitcoin whitepaper which was sent out five months before the official whitepaper release; and a collection of all public e-mail, forum posts, and code from Satoshi, at satoshi.nakamotoinstitute.org.

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”,
was encoded in the first ‘block’ of the blockchain. It was hexadecimal within the coinbase-data of the ‘Genesis Block’ of Bitcoin. Mined by Satoshi on January 3rd in 2009 this could have simply been a proof of existence but it might have been a hint regarding the motives to create Bitcoin.