The cryptocurrency market is celebrating a landmark date today — the 16th anniversary of the most famous and uncompromising quote in the history of digital assets, addressed to doubters.
On July 29, 2010, Bitcoin's pseudonymous creator, Satoshi Nakamoto, was taking part in a discussion on the Bitcointalk forum in a thread titled "Scalability and transaction rate." One user argued that Bitcoin was too slow for real-life use: confirming a transfer required a 10-minute wait, while a regular bank card worked instantly in a store.
In response, Satoshi explained in detail how the network could process fast payments — literally within 10 seconds or less — through the integration of third-party processors.
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