Some things in Bitcoin are just not up for debate.
The plural of bitcoin is also bitcoin, not bitcoins. (One bitcoin, two bitcoin, three bitcoin…) Bits is a better subdenomination than sats. (100 sats is actually one bit, like 100 cents is one dollar; if you’re a Wholecoiner, you’re the Bitcoin equivalent of a millionaire, because that would mean you have a million bits.) And October 31 is not the birthday of Bitcoin.
Bitcoin’s birthday is January 3. That’s what it says block 0: 03-01-2009 19:15:05 GMT +1. On that day, Bitcoin’s blockchain was launched, with 50 newly generated coins issued under Satoshi Nakamoto’s public key. (But which Bitcoin’s creator cannot spend according to protocol rules; since Satoshi was the only person who could have created the genesis block, that would have essentially been a 50 BTC pre-mine.)
Yes, Bitcoin was first proposed through Satoshi’s white paper on October 31, 2008. But you don’t celebrate your birthday on the day your mother told your father she wanted to have a child. You also don’t celebrate it on the day your parents conceived you, or on 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 To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.