Speaking from my own limited knowledge, the whole idea of btc is still a mystery to me till this day, with it's first Blockchain mining in 2009, it's amusing how this journey has gone thus far. In 2008 when traditional financial institution have low trust, the founder (Nakamoto Satoshi) came up with a way to carry out financial transactions not based on trust, that is to say, eliminating a trusted third party, thus coming up with a per-to-per kind of transaction based on proof-of-work so as to create a safe and secure transaction without the involvement of a third party.
It was initiated by many ideas, developments before 2008, with things called as "Bitcoin prehistory" that you need to learn about.
Cryptography, Elliptic Curve, and more technical developments as well as some failed projects before we had Bitcoin in 2009.
Previously there are Digicash (1989), CyberCash (1994), E-Gold (1996), BitGold (1998), B-Money (1998), BitTorrent (2001).
Bitcoin prehistory. (Saylor Academy).
It all started like a joke
It did not start as a joke, seriously man!
Whoa....OMG, this is rich, I never knew this sort of info, that's why before I started, I said , "Speaking from my own limited knowledge", anyways, this is good, nice, I'll go check more about it.
Make no mistake this was never a joke. This has been tried extemsively over the years but couldnt solve the double spend issue. Satoshi's theory on majority and good and bad actors have held true to date and now has gotten too large to flop really. Why do you say this started as a joke?
I know it took extensive research, but the joke phrase there, is a figure of speech.
Built on a Blockchain by a mysterious individual who isn't exactly doxed
What does this mean? Satoshi hasn't appeared publicly and it's unlikely they ever will.
So Satoshi is the exact opposite from "doxxed".
But that's exactly what I just said, he is not doxxed
