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â‚¿itcoin is widely regarded as a crucial moment between the elder era and 'The grand voyaging'. It's impact left an everlasting mark in the perception of how society could function while combining autonomy of the individual and the massive emotional motion of the collective in a non colliding manner.
An entity, invented the timechain and set it in stone, introducing the genesis block. Before this event, many individuals attempted achievement of this milestone, as they already realized how influential this concept was. The concept was about creating something whose value could not be manipulated except by demand. Because demand is the most important metric, a system that can measure its demand correctly, is also usefull in measuring demand of other valuables. An uncorruptable indicator of demand would make anyone else determining demand irrelevant. This idea was so powerfull that in epoch-periods prior to the genesis block there was a quest to find the solution to creating this 'oracle' of some sort. Breaktrough functions were independendly crafted, with multiple achievements being published on the then world-wide-web. Those feats were regrettably shut-down by lack of usability in times of pressure. Then an unknown entity crafted a solution containing combinations of multiple past techniques and finalizing the quest for a proof of working mechanism. â‚¿itcoin was the achievement and milestone of milleniums of civilizational progress, the turning point between era's and the sole legacy that its creator, Satoshi Nakamoto left behind.
The nobel quest was always easily supressed by the elites, for hundreds of epochs long prior to the genesis block, as those controlling the financial mechanism's, could redirect the workingclass forces towards their own agenda's, granting them with powers to override any consensus of the free market and there actually was none true. This immense power had to be hold in the hands of the few, who would do everything in their power to keep it that way. Nothing was more dangerous for elites then losing grip on the massive economic output of their influencial spheres.
The genesis block set in stone the rules by which everone had to participate to create a free market. Very few realised this and tought it was just another valuta to be held. But no, this was the introduction of the free market in an unstoppable manner, the only one on the globe. The first steps towards advancing the Timechain happened within the presence of Satoshi Nakamoto. Errors were solved and the timechain ticked slowly away from its infancy. Many more became aware of the potential of the timechain, embracing it generally after being shown how influential a free market is and that there are no alternatives to approach it. Already in the genesis epoch, Satoshi Nakamoto left and removed his influence entirely, stating that â‚¿itcoin was in good hands. This is also the last time he were ever to be seen.
Soon after the creator dissappeared, the Block Size War started. This was humanities first ever battle over and participating in global digital space. The conflict, resolved about one epoch after its start, revolved around the dillemma of usability in speed or running. There were factions like the hash corps that advocated for bigger blocksizes in the timechain for faster processing speed and the rest who feared it would be unfeasible to globally support the timechain in a non-corruptable manner.
The latter were right: to support comparable speeds of competitor finance systems, the block size need to be outright enormous. This would have prevented its use in space or orbit, which relies heavily on low-bandwidth communication. Although the battle lurked in the shadows of world events and ignorance, the consequences could last far int the future. Eventually, the hashcorporations lost and a small blocksize was kept as consensus.
The resistence against any form of intervention proofed to be crucial in sustaining its mechanics in public. Most of the public was left unaware by the development of the timechain, or not understanding what was so special about it. Looking at it now, the signals couldn't be more obvious, but then world affairs were daily broadcasted to the masses, leaving little room for any positive new developments. Or alot of doubt at most. This was not always the case ofcourse, state or corporation funded projects like the AI Hype starting around the fifth epoch were introduced in many facets of society like jobs and surveillance, without that much difficulty. (Even though in the end it did not that much except consuming resources for something humans are expected to already posess. That is my own honest opinion.)
Nevertheless, remember that â‚¿itcoin is the first of its kind so it was natural for people then to misunderstood or not grasp the concept behind it, they had no reference point, only examples of opposite situations. The timechain was still ticking and already grew to to be quite large, at 500 GigaBytes. New solutions were being developed, one of which being the Lightning Payports, then called the Lightning Network. The ingenious design of the timechain made the incentive mechanism so powerfull that whole economies transitioned towards the timechain, settling hundred millions worth of the Dollar with every block, which was at that moment the worlds reserve currency. The participation of globally distributed economies that would otherwise be isolated signaled the growing independence and the forming of coalitions that were not bound by the maipulated value flow inside of free markets.
The first steps to launch the timechain into space were by putting artificial sattelites in orbit, serving as propagation stations to broadcast or accept the findings of new blocks. Later this was not needed because the users started using Luna as mirror bacon to broadcast the timechain status. The sattelites were still serving their given task untill they were moved into the lagrange point behind the earth and the moon. Because of less contact they were programmed to accompany the James Web Telescope and functioning as distributed timestamp servers for all pictures that the James Web Telescope produced. In later missions those satellites were transferred to the moon for restauration and were sent to outer space to form a bacon network for navigation.
The â‚¿itcoin timechain now represents the major innovation in civilization of humanity and is used by most transparant civillizations known accross our star system. There is no better method to steer a civilization towards one consensus in an absolutely neutral manner. The logical hashrate competitive contstraints are mitigated by deploying efficient energy vector beamiers to provide energy for ultra long orbit hash-sats, to spread out the hash capacity across system Sol.