What Is BitcoinTalk.org Forum?
A forum with the quaint reputation of not promoting or explaining itself very well, Bitcointalk has traded mostly on an organic uptake by enthusiasts, which became entrenched with the last major spike in the Bitcoin price during 2017.
Catering for experienced users and newbies alike, most crypto enthusiasts have heard of the forum, although it seems the forum’s marketing approach is one of word of mouth and simply logical participation by interested users.
The name Bitcointalk is frequently shortened to Btctalk by users. The forum allows experienced users and enthusiastic new entrants to discuss all matters Bitcoin – and looking at the daily traffic on the site – there is always much to discuss. Part of the platform’s appeal is that while it is Bitcoin-centric, users can also discuss other forks or altcoins freely as the site is not a marketing tool for Bitcoin, but rather an exchange for information and learning.
Satoshi Nakamoto And BitcoinTalk
When detailing Satoshi Nakamoto’s contribution to Bitcointalk – the man allegedly behind the forum – the standard lore is that Nakamoto founded the forum around the time he kicked Bitcoin off.
Since Nakamoto himself remains unidentified in a real sense, it remains difficult to state this as a firm fact, however it does appear from subsequent Nakamoto posts that he is, indeed, the originator of the site.
Circa 2010, Satoshi Nakamoto posted some snippets on the site and it has been a self-perpetuating forum ever since. Core needs and valuable intel are addressed and shared on the platform, and although possibly intimidatingly detailed for new entrants, the site’s users swear by the copious and constant exchange on the site.
Very simple in construct (the home page is simply a list of current threads) and cutting straight to the chase, the forum really began in 2010. One of the best places for enthusiasts to glean current intel and stay abreast of cryptosphere developments, Bitcointalk also acts as a marketplace that lists promotions and enables trading and transacting within the community.
Far from an established exchange, the trading onsite is effected P2P and seen as a secondary market facilitated by the daily bustle on the forum. Originally tested in 2009 by Satoshi Nakamoto, Bitcoin’s creator, the forum is currently managed by Cyrus, BadBear and Theymos, while a committed team of moderators manage daily posts. More an NPO than a commercial entity, the forum’s finances are also managed by Theymos.
Prior to establishing Bitcointalk, Nakamoto employed a SourceForge forum – now lost – to engage the community around Bitcoin. With hosting by Sirius came a move to bitcoin.org/smf, with Nakamoto making several software and theme modifications in the transition. Satoshi Nakamoto's first posts on the newly hosted forum are now seen as valuable snippets from a mysterious hero, and now-rare interaction with the founder of a world movement.
Historical Nakamoto posts include him saying “I left the admin account set to the original SMF theme so if I somehow completely wedge the custom theme I can still get in to fix it.” Nakamoto also posted that “I've got a neat little 12×12 coin image to replace those pip stars with. Should look nice. Also some nice button images to try,” and “The registration page has ‘hide your e-mail address’ unchecked by default. I must fix that in php before we can open up.” All snapshots of an unsung genius at work in the forum dedicated to his creation.
Bitcoin Bitcoin Community & ICO Announcements
Bitcointalk is a website forum that hosts lively, free discussions about Bitcoin and Bitcoin-related issues. More a community service than commercial entity, most income gets plowed back into the forum or peripheral community projects.
The forum also has a ranking structure, based on donations. A user donating 10 BTC is awarded the title of “Donator” that comes with a green online indicator. Any user donating 50 BTC or more is rewarded with VIP status, the online indicator and the opportunity to generate a custom title.
At current values of BTC, these are hefty donations for trivial rewards, further proof of the forum’s NPO-style modus operandi. Administrator Theymos issues unique wallet addresses for each donation, and both VIPs and Donators enjoy access to the exclusive forum section, a kind of virtual VIP lounge.
A good place for newcomers to start learning about Bitcoin, news is current and the site is a definite BTC community node. The site also enables users to advertise their own crypto-centric websites through signature campaigns. Signature campaigns (where a user’s signature is displayed, depending on their rank) requires the user to have attained a certain rank.
Rank also depends on account activity and each member’s posts are counted. In order to qualify to move up in rank a minimum number of posts must be recorded, and the prime determinant is the number of fortnightly periods a user posted since joining.
A user’s account age is also an escalating attribute. As a user’s history and activity rises, so does their accompanying rank. A part of the motivation behind this structure is the desire to generate higher paid campaign rates by demonstrating credibility and not just numbers. It also affords users greater credibility when conducting P2P transactions.
The Btctalk Trustpage
Further to user credibility, the forum also has a trust system that tallies the trustworthiness of individual users. Reminiscent of eBay’s feedback protocols, when a user interacts with another on the network, they are able to leave a trust rating for others to view. This trust identity also increases with additional successful interactions.
Unfortunately, should a user be negatively rated, this can also increase until they are barred from participation in severe cases. A possibly poorly-anticipated aspect of signature campaigns on the forum is that there arise poor quality and sometimes even scamming posts by some users. Especially new users are advised to peruse the “sticky posts” attached to visited boards and exercise caution when engaging users new to the forum, or ranked as a low-trust member.
That said, the forum remains a premier destination for users to gather news and opinions from the cryptosphere, and news pertinent to Bitcoin especially. Far from a den of scammers, many valuable and legitimate offers abound on the site, as users often entice others with offers connected to their own sites, seeking traffic and commentary. Few Bitcoin-related topics go untouched on the site.
BitcoinTalk also acts as a message board for developers and interested parties to discuss progress on the technical aspects of the altcoin. Specialized niches onsite for miners, traders and even crypto-economics are hosted within the broader online community.
BitcoinTalk.org Forum Conclusion
A valuable contributor to the cryptosphere and one with the most impeccable credentials, having been the product of the Bitcoin creator himself, Bitcointalk is thriving. The millionth post on the forum happened on July 22, 2012, and membership currently sits at just over 2 million users who post thousands of daily comments and offers.
Further evidence of Bitcointalk’s hale origins is the fact that, during a previous transfer of the site to “forum.bitcoin.org,” the bitcoin.org domain name was also transferred from Satoshi Nakamoto to Sirius.
Although the site has given rise to numerous offshoots that have developed into alternative niche Bitcoin forums themselves, none of them have attained the membership and activity of Bitcointalk. As indicative of its traffic, credibility and broader value, a Google search on “Bitcoin talk” or a host of similar word constructs ranks the site at the top of a SRP.