It may just be a coincidence that Satoshi released the paper on Halloween. He’d been writing the code for a few weeks before that point, and he was always going to send the paper when he was done with the Bitcoin code. That automatically means he couldn’t have sent it earlier than that date
Halloween – 2008 passes with nobody of any significance noticing the Bitcoin white paper. A fellow ‘Satoshi Nakamoto’ preferred to submit a Bitcoin whitepaper headed for a cryptography mailing list. Metzdowd.com, a well-liked messaging channel for Cypherpunks, is the owner of this list. Cypherpunks were a group of people of crypto enthusiasts who thought that encrypted messages were key to privacy.
At this moment, if you came here speculating if Satoshi Nakamoto did in reality release the Bitcoin whitepaper on Halloween, here is the reply: of course, he did.
Nakamoto submitted the paper to the mailing list exactly at 2:10 pm EST (October 31, 2008). So, that’s fine, the Bitcoin document was sent on Halloween.
The Bitcoin White Paper
The paper itself wasn’t big and had only twelve sections.
The first section revealed Satoshi’s grounds for creating Bitcoin. He alleged that the world depended more than on centralized authorities to execute transactions. He elucidated that this wasn’t just suboptimal but also unsafe.
In the second section, he explained the technological nature of the blockchain. He described it as a series of digital signatures and went on to enlighten hashing, keys (public and private), and timestamps.
In the third section, he put in writing at long last about the timestamp server, and in the fourth section, he explained the perception of proof-of-work.
In the fifth section, he explained the Bitcoin network and elucidated how it would assure precision.
The sixth section included mining and elucidated how miners would be rewarded by way of Bitcoin. He also elucidated how this would discourage hacking. The seventh section described disk space, and Satoshi alleged that owing to Moore’s law he didn’t look ahead to any potential problems with digital space.
The eighth section was concerning simplified payment authentication, and the ninth section included combining and splitting assessment. The general idea of the ninth section is that it’s well again to not divide Bitcoin before sending it. Sorry to say, very few individuals have taken that suggestion.
The tenth and eleventh sections took account of privacy and calculations, in that order. The last section was the winding up, and in it, Satoshi writes down that the Bitcoin system can on no account be defeated for the reason that it’s strong in its formless simplicity.
Bitcoin is thus far to be hacked 12 years afterward, so Satoshi was right. On the other hand, Satoshi has experienced a hack. Bitcoin.org, which was the foremost Bitcoin-edifying online source and was most probably registered by Satoshi himself, and in 2021, it got hacked.
At this instant that you know that the white paper went out on Halloween, you’re perhaps asking the main question: why?
A vast majority of 365 days in a year are ordinary. Why did Satoshi not prefer to send the paper on those days? Seeing as Satoshi was mixed up in the cryptography community, it would certainly not be the occasion to send the message that way.
