Reflecting on Satoshi Nakamoto’s Final Message and Bitcoin’s Growth
Around thirteen years ago, Satoshi Nakamoto, the elusive creator of Bitcoin, concluded their engagement with the bitcointalk.org forum on December 12, 2010.
Nakamoto’s brief but impactful message highlighted the ongoing need for improvements in preventing denial of service (DoS) attacks. Notably, the message coincided with Bitcoin version 0.3.19, where Nakamoto addressed the implementation of DoS limits and the deactivation of safe mode alerts. On this day, Bitcoin’s value stood at a modest $0.23 per unit, with a circulating supply of 2,625,000 BTC and a market value of $603,750. Presently, the market capitalization has soared to an impressive $809 billion, marking a staggering increase of 134,160,733%.
However, the circulating supply has expanded to 19,568,312 BTC. The overall hashrate at Nakamoto’s departure was approximately 103.88 gigahash per second (GH/s), significantly lower than today’s leading mining devices capable of generating between 150 to 300 terahash per second (TH/s). Despite Nakamoto’s last post on December 12, 2010, their activity continued on December 13, the following day, to some extent, possibly involving checking replies or sending direct messages. The post prompted questions from users “davout” and “ribuck,” with the latter’s inquiry about a longer invalid blockchain remaining unanswered. This retrospective sheds light on Bitcoin’s state at that juncture and Nakamoto’s departure, encapsulating the cryptocurrency’s remarkable evolution over the years.
Clever Robot News Desk 15th December 2023
