The lesser known forum that is the epicenter of the crypto world Bitcoin is about to turn 10 years old A decade later, Bitcoin has become a globally recognized name in the tech and finance world, along with it’s mysterious creator, . His lesser known creation is the forum he built that has grown into the . Satoshi Nakamoto epicenter of all things related to bitcoin and its altcoin offspring From his on November 22nd 2009, working on virtual currencies and the investors that saw it’s potential early on. were amongst the many influential active users in these early days that laid the groundwork for today’s crypto projects. Like a perfectly preserved time capsule, you can still see all of . first message BitcoinTalk quickly became the public communication tool for cypherpunks Hal Finney, Gregory Maxwell, and Erik Voorhees Satoshi’s conversations today With over 2.4 million users and close to 1.5 million page views a day, Bitcointalk is more than just a forum; it’s a . universe of crypto “buidlers”, “hodlers”, and “bounty hunters” The Crypto Collective At first glance, it is an . The barebones UI leaves new users (labeled “newbies” in the ranking system) to fend for themselves. When you first venture in, you quickly find out it’s the people, not the site, that makes this piece of the internet extremely unique. ugly website that reminds you of early Yahoo days Web 1.0 look for the bleeding-edge tech forum Like Reddit and its Karma system, users achieve levels through activity and something called merit, recognition points given out as a reward for great content contribution (or under the table black market exchanges). The . Legendary members, the sites highest rank, can offer postings for a fee and earn bounty rewards of a higher magnitude than other levels. Want to be a legendary member on day 1? You can pay a as a . ranking system might be one of the only forums in the world where your level has monetary value whopping 50 BTC donation Even signing up is a challenge for some, with anti-bot and anti-spam features built in. Some users might even have to that have been created by their IP address. pay a nominal BTC fee to “atone for the units of evil” You must atone for the evil done from that IP address The members have created a tight-knit community focused on promoting cryptocurrency and preserving trust in the ecosystem. . The trust system serves as a “Scarlet Letter” of criminal intent; if you have negative red trust, few people will work with you. In a world where most freelancers work together purely from online messaging and payments to anonymous wallet addresses, this is Bad actors cannot hide for long one of the only tools for keeping track of scammers. The magic that only happens here From the start of the famous “hodl” to the , milestone after milestone has taken place on BitcoinTalk. NEM’s initial distribution to 4000 people happened on the forum and today (referred to as an ANN) as its first move towards generating awareness. slogan infamous pizza order (yes the pizza that went for 10,000 bitcoins and is now valued at $65million was ordered through here) virtually every ICO issues an announcement thread The forum is segmented into different boards that focus on things ranging from mining and development, ICO announcements, bounties, services, and even real world politics ( ). like Supreme Court nominee Brett Kavanaugh In the mining threads, users can share advice on new mining rigs and the profitability of mining different coins. New ideas like consensus mechanisms are in the development forums. Discussions in the Economy thread will impress even the most academic of economists — with topics like debated Inflation and Deflation of Price and Money Supply and Fractional Reserve Lending IS NOT bad — its unavoidable . Services are growing faster everyday. but have no idea how to start? You can find hundreds of developers and platforms available at every level of talent and price. Gifted designers offer their services for logo and website creation, community operators pitch their Telegram management abilities, and even accountants share their details for helping solve the most complex of crypto tax situations. Want help building that coin idea you’ve had Bounties are a popular tool for generating awareness around a new project and distributing tokens/coins to a wide audience without relying on mining or an ICO. A quick glance at just the first page of the bounties thread shows . The tasks for each of these range from referrals and content production, all the way up to attending events and finding bugs in the code. over $16 million potential dollars up for grabs Over $16 million in potential dollars just on page 1 Skimming the surface . Each thread in its own right has enough material to support a long story, and the economy of services and bounties that the forum has created . It’s been one of crypto’s best kept secrets; protected by its user-unfriendly look and its secure anti-bot processes. A five minute read on BitcoinTalk doesn’t do it enough justice might resemble the GDP of a small nation I’m going to explore the following topics in more detail in subsequent articles: -How to use BitcoinTalk for the first time: A guide for “newbies” -Using BitcoinTalk for Evaluating ICOs -BitcoinTalk: A Crypto Marketer’s most essential tool -Services: What’s available and how to choose them -Bounties: How to make crypto millions without investing Thank you for reading and I hope you enjoyed this article Feel free to add me on Linkedin here , follow my twitter there → @xldean , and send me a Telegram . New article ideas are always appreciated!

Too Long; Didn't Read

Discover Saakuru: Web3 Mass-Adoption with 0-FEES

Satoshi’s 2nd Gift — BitcoinTalk

Too Long; Didn't Read

Dean Pappas

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

Satoshi’s 2nd Gift — BitcoinTalk

Too Long; Didn't Read

Dean Pappas

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES