1ď¸âŁ 2009: Bitcoin goes live
The genesis block is mined by Satoshi Nakamoto.
Core ideas:
â˘Decentralization
â˘Proof of Work
â˘Immutable ledger
đ The goal was never speed â it was independence from trust.
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2ď¸âŁ 2010â2014: Survival mode
â˘Critical bugs fixed (one nearly caused infinite BTC issuance)
â˘No roadmap, no VC funding, no marketing
đ At this stage: staying alive = success
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3ď¸âŁ 2015â2017: The scaling wars
â˘1MB blocks â congestion â high fees
â˘Community split:
â˘Bigger blocks
â˘Or preserve decentralization
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4ď¸âŁ 2017: SegWit
â˘Activated via soft fork
â˘Fixed transaction malleability
â˘Effective block size increase
â˘Enabled Layer-2 systems
đ Bitcoin chose slow + conservative
Those who disagreed forked â BCH
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5ď¸âŁ 2018â2020: Lightning Network
â˘Layer 1 = settlement
â˘Layer 2 = payments
â˘Fast, cheap, off-chain
đ Strategy shift:
Donât scale L1 like an app
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6ď¸âŁ 2021: Taproot
â˘Schnorr signatures
â˘MAST
â˘Better privacy & scripting
đ Single-sig, multi-sig, smart conditions
all look the same on-chain
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7ď¸âŁ 2023: Ordinals / Inscriptions
â˘Images, data, tokens written into sats
â˘Fees rise, miners earn more
â˘Highly controversial
đ Key truth:
If the protocol allows it, itâs not a bug
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8ď¸âŁ Bitcoinâs upgrade philosophy
â˘Extremely slow
â˘Extremely conservative
â˘Mostly soft forks
â˘No DeFi, no high TPS race
đ Bitcoin is not an app
đ Itâs a global value settlement consensus
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9ď¸âŁ One-line takeaway
Ethereum evolves like an operating system
Bitcoin evolves like a mathematical theorem
Once proven, you donât change it often.