22/NOV/2020, Block#658,247 — We the People, in Order to form a more perfect Money, establish Scarcity, insure Probabilistic Immutability, provide for common Value Defense, promote General Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Bitcoin Network — https://bitcoincore.org/en/download
United States Constitution Preamble
28/SEP/1787 — We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
01/NOV/2008–-221 years after the United States Constitution was drafted, a pseudonym of unknown nationality sent an email carrying word of a peer to peer electronic cash system with no trusted third party.
Bitcoin White Paper Abstract
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they’ll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.