http://blog.agilephd.com/tags/satoshi/ Recent content in satoshi on AgilePhD Hugo -- gohugo.io en-us Mon, 01 Sep 2025 00:00:00 +0000 http://blog.agilephd.com/posts/bitcoin_whitepaper_novel/ Mon, 01 Sep 2025 00:00:00 +0000 http://blog.agilephd.com/posts/bitcoin_whitepaper_novel/ It’s tempting to treat the Bitcoin white paper as something that appeared out of nowhere in October 2008. It didn’t. Satoshi was explicit about standing on prior work, and the paper’s own reference list makes that clear. The Building Blocks The proof-of-work mechanism traces back to Adam Back’s Hashcash, a concept Back developed in the late 1990s as an anti-spam tool, with the paper Satoshi actually cites being Back’s 2002 write-up. http://blog.agilephd.com/posts/what_is_blockchain/ Wed, 14 Sep 2022 21:25:08 -0500 http://blog.agilephd.com/posts/what_is_blockchain/ Blockchain is a distributed ledger technology. That said, let’s first review what is a “ledger”. In accounting, a ledger is an on-going list of bookkeeping records. A written ledger is maintained using a bound book with transactions recorded as a line on the page. This is very similar to the small “check register” booklets that would come with a new box of personal checks. Before online banking, checking account owners would record the check number, recipient, and amount when writing a check.