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Source: Сointеlеgrаph

Coming up with a good name is often one of the hardest decisions to make when launching a new service or business. Historical data on domain name purchases suggests that Satoshi Nakamoto, the creator of Bitcoin (BTC), was referring to an alternative naming convention that did not make it into the whitepaper.

Bitcoin.org, the website domain associated with the original bitcoin, was created on August 18, 2008 under the AnonymousSpeech service in Japan, which allowed users to buy domain names anonymously. Domain purchases under AnonymousSpeech around the same time showed the creation of Netcoin.org on August 17, 2008 – just a day before the creation of Bitcoin.org.

After further research, crypto locksmith Or Weinberger confirmed that the Netcoin.org domain never contained content, “except when it was later bought by another person.”

The decision to stick with Bitcoin may have been critical to its success due to many members of the crypto community highlighting their dislike of the Netcoin name, as one of them stated:

“That’s interesting. I’m glad they’re stuck with bitcoin, sounds a lot better.”

This discovery also helps Bitcoin distance itself from people who previously called themselves Satoshi Nakamoto. The Netcoin.org domain was later removed and re-registered under the Web.com subsidiary in 2010.

Related: El Salvador Bitcoin Decision: Tracking Adoption One Year Later

Despite the secrets of Bitcoin’s creation, this asset continues to dominate the financial markets. BitPay confirms this sentiment as its data has shown that Bitcoin is the main payment instrument despite the huge price volatility.

Speaking to , BitPay VP of Marketing Merrick Theobald stated that BitPay’s bitcoin payment sales volumes were 52% in the first quarter of 2022.


Source: Сointеlеgrаph

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