Virtual currency. (2010) ⚡ Threat to the dollar. (2020)

A how-it-started salute thread to the first #Bitcoin news article on its 10th anniversary.

🎂🎂🎂🎂🎂🎂🎂🎂🎂🎂

2/ The first MSM article on #Bitcoin appeared in @pcworld on December 10, 2010.

A few articles before it referenced BTC (in brief or in passing), but this article had a new narrative: Bitcoin for censorship-resistant payments.
3/ @wikileaks had been de-platformed by PayPal and the author was out to explore how #Bitcoin, an upstart digital money might come to its aid.

How about an entire currency based on peer-to-peer technology?
4/ The idea was weeks old – first suggested by @nardoism in November – but it proved polarizing.

@orionwl thought Wikileaks accepting #Bitcoin would be a “great moment.” @jgarzik argued it might encourage governments to attack the network.

https://t.co/X6vGklqrB0
5/ But if Bitcoiners were split on the idea. The author made it clear he thought #Bitcoin might be ready for primetime.

After all, he argued #BTC was then increasingly being used in trade.
6/ More people, he noted, were running the client and mining #Bitcoin for a chance to earn rewards.

At that time, someone running the software could expect to receive 50 BTC every 3 weeks.
7/ Back then, the article shows the idea that #Bitcoin was a “store of value” or that it had “intrinsic value” (as an alternative to state money) hadn’t yet been embraced.

The accepted thesis was bitcoins had value as it was payment “for services and goods.”
8) Other #Bitcoin descriptions are more familiar. You can tell the author was enamored with the idea Bitcoin could be an unstoppable software for value exchange.

Given the internet censorship, this censorship-resistance made Bitcoin a powerful tool.
9) Was the author fully convinced of #Bitcoin’s success?

No, but he speculated it could be a tool to inhibit government overreach on the internet.
10) Despite the positive review, one Bitcoiner wasn’t a fan. That would be Satoshi Nakamoto, who thought the attention could be catastrophic.

He left the BitcoinTalk forum, never to return, the next day.
https://t.co/UohOySrIV2
11) But since #Bitcoin is decentralized, the idea stuck. @wikileaks began accepting Bitcoin in June the next year.

https://t.co/fqArODRhmD
12) How far have we come?

The @Pcworld article, written by @KeirThomsBryant, can be read in full below.

https://t.co/1WFvi5APMm

More from Crypto

1/ @MIT discussing the need for blockchain gateways to achieve interoperability across different blockchain networks, and to support the cross-blockchain mobility of virtual assets

https://t.co/PbjQkSlTT3

@quant_network are collaborating with MIT in the creation of ODAP

$QNT

2/ "In order for blockchain-based services to scale globally, blockchain networks must be able to interoperate with one another following a standardized protocol and interfaces (APIs)"

Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces


3/ "We believe that a blockchain gateway is needed for blockchain networks to interoperate in a manner similar
to border gateway routers in IP networks. Just as border gateway routers use the BGPv4 protocol to interact with one another in a peered fashion we believe that a...

4/ blockchain gateway protocol will be needed to permit the movement of virtual assets and related information across blockchain networks in a secure and privacy-preserving manner"

You can read more about the gateway protocol ODAP in this 21 tweet


5/
"We motivate the need for blockchain gateways and blockchain gateway protocols in the following summary:

✅Enables blockchain interoperability:
Blockchain gateways provide an interface for the interoperability between blockchain/DLT systems that operate distinct consensus...
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THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called
https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.