Nakamoto’s New Era
Terms like “mining” and “proof of work” are essential for cryptocurrency literacy. In his latest book, Anthony Scaramucci simplifies the complex and explains why his firm now wholly embraces bitcoin
On Oct. 31, 2008, a link to an eight-page white paper written by Satoshi Nakamoto titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was posted to a cryptography mailing list. No one had ever heard the name Satoshi Nakamoto before.
Who is Nakamoto? His paper contained only an email address and a link to a website called bitcoin.org, a domain registered without fanfare in August 2008. The author was a mystery, and no one at bitcoin.org would ever come forward.
“The ramifications of the creation of Bitcoin are so profound for...
