Nov 022021
 

Bitcoin in so many ways is congruent with “Holland’s Theory: Strengthening It” or otherwise known as “A Theory of Social Change” written by this Author in 1985. Please see previous related articles written in The Hygiology Post ®.

Satoshi Nakamoto (assuming it is one person but it could be more than one person) does appear to be a primarily I and A Holland Code Type or at least seems to have these heavily weighted based upon his seminal Bitcoin writing. He sought to propose a solution to the double spend problem per the Abstract included and quoted below:

“Bitcoin: A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
satoshin@gmx.com
www.bitcoin.org
Abstract. A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they’ll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.” (see https://bitcoin.org/en/bitcoin-paper and https://bitcoin.org/bitcoin.pdf; obtained on 11-2-2021)

The Satoshi Nakamoto paper is not dated but in the reference section one article is dated 2002. It is believed the paper was written in 2008. Fast forward to today. Bitcoin is widely seen as a store of value. El Salvador became the First Country to Adopt Bitcoin as National Currency in September 2021. About a month or so prior, “World’s 1st Credit Card To Crypto Payment Gateway – Allowing credit card and crypto payments on e-commerce” was launched (https://frenchconnection.finance/; obtained on 11-2-2021).

Mass adoption of electronic cash systems that bypass financial institutions will likely progress with French Connection Finance Crypto Payment Gateway helping push the boundaries worldwide.

I think you can Bitcoin on it.

As a matter of Disclosure: The Author of this article is an investor in cryptocurrencies including but not limited to the two mentioned in this article: Bitcoin and French Connection Finance Token.

Louis DeCola, Jr.  © 2021                                    The Hygiology Post ®

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