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Author: Admin | 2025-04-28
Who have been in this space far longer than I who say that Bitcoin is that same kind of invention or discovery. It’s a once-in-a-species invention. What I’ve come to learn from my thousands of hours of study is that there is only one Bitcoin. I’m not the first to arrive at this conclusion and I pray that there will be billions more who agree with me someday. The sooner, the better. That’s not to say that bitcoin is certain to last for thousands of years and eventually become the world’s reserve currency. I happen to believe it will, but that is not relevant to the point I’d like to challenge Bitcoiners on. Why don’t more Bitcoiners use the term “timechain” rather than “blockchain” when describing how Bitcoin works? In my early days of studying and learning about Bitcoin, I happened upon an article by Marty Bent that raised this very question. Here is an excerpt: What you’re looking at is a section of notes in a copy of the pre-release source code of Bitcoin that Satoshi shared with a few reviewers before mining the Genesis block in January 2009. This copy of the code Satoshi had reviewed by some cypherpunks before officially launching had[sic] was shared on Bitcointalk.org in 2013 and resurfaced by Francis Pouliot earlier this week on Twitter. As you can see from his notes in the code, Satoshi thought of Bitcoin as a “timechain” and not a “blockchain”, a misnomer applied to Bitcoin by us lowly
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