INTELLECT_city - Bitcoin Whitepaper Day

Bitcoin Whitepaper Day is celebrated on October 31 each year, marking the anniversary of the publication of the Bitcoin whitepaper by Satoshi Nakamoto in 2008. Titled "Bitcoin: A Peer-to-Peer Electronic Cash System," the nine-page document introduced the concept of a decentralized digital currency that operates without intermediaries like banks, using a peer-to-peer network, blockchain technology, and proof-of-work to solve the double-spending problem.

Published on a cryptography mailing list during the 2008 financial crisis, the whitepaper laid the foundation for Bitcoin and the broader cryptocurrency ecosystem, influencing innovations like Ethereum, decentralized finance (DeFi), and NFTs. It’s a day celebrated by the crypto community to honor the revolutionary ideas that sparked a new era of financial sovereignty and technological innovation. Some note the symbolic connection to October 31, also Reformation Day, suggesting Nakamoto chose it to signify a break from centralized financial systems, though this is speculative.