Satoshi Nakamoto

Ten years ago today under the pseudonym Satoshi Nakamoto, a nine-page White Paper entitled "Bitcoin: A Peer-to-Peer Electronic Cash System" was issued. The Paper highlights a blockchain protocol leading to blockchain databases and the release of the Bitcoin cryptocurrency. Using proof-of-work to safeguard the system (dubbed as "mining"), time-stamped online transactions are virtually immutable, secure and trustworthy.

Satoshi Nakamoto's concept is to apply the peer-to-peer networks to create a public log of transaction history (a decentralized ledger), displacing third-party financial institutions and developing a new virtual market. Miners solving the computational hash puzzle and compiling recent transactions into blocks would get a newly released Bitcoin. The incentive motivates miners to devise computation methods to sustain blockchain's healthy development.

Bitcoin as an unit of account was worth US$1 in Feb 2011, US$100 in April 2012, and US$1000 in Nov 2013, and is worth around US$6000 today. Missing the right time to invest in cryptocurrencies with attributed values for exchanges, I hope to devise tokens having in-built security characteristics ie rights and revenue generating capabilities, in the emerging blockchain capital market. Valuable intangible property such as copyright works are what I have in mind.

Apart from our hopes and dreams, we have our unfulfilled or untapped potential. Although I have never been good in computing and managing finance, I have the desire to capture, create and deliver value by mining the creativity in me. Turning my ideas into my literary and audio-visual digital assets - I am hypothesizing a business case of trading them in the blockchain framework, releasing unique initially non-changeable tokens secured with copyright!

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