Finding a good name is often one of the hardest decisions to make when launching a new service or business. Historical domain name purchase data suggests that Satoshi Nakamoto, the creator of Bitcoin (BTC), had another naming option in mind that was not published in the white paper.
Bitcoin.org, the domain of the original Bitcoin-related website, was established on August 18, 2008 under AnonymousSpeech, a service in Japan that allowed users to purchase domain names anonymously. Domain purchases under AnonymousSpeech in similar time frames revealed the creation of Netcoin.org on August 17, 2008, just one day before the creation of Bitcoin.org.
Did you know? One day before the https://t.co/oDfOFzFVNi domain was first registered, someone purchased https://t.co/KLzoDxJjrz using the same registrar. Looks like Satoshi was considering between the two names and then gave up https://t.co/KLzoDxJjrz#Bitcoins pic.twitter.com/yqwZYRefvX
— Or Weinberger (@orweinberger) September 23, 2022
After further research, crypto locksmith Or Weinberger confirmed that no content was ever present on the Netcoin.org domain “except only after it was later taken over by another person.”
The decision to stick with Bitcoin may have been crucial to its success due to many in the crypto community pointing out their dislike of the Netcoin name, such as one declared:
“It’s interesting. I’m glad they stuck with bitcoin, it sounds a lot better.
This discovery further helps Bitcoin distance itself from people who have previously claimed to be Satoshi Nakamoto. The Netcoin.org domain was later removed and re-registered with a subsidiary of Web.com in 2010.
Related: El Salvador’s Bitcoin Ruling: Adoption Tracking One Year Later
Despite the mysteries behind Bitcoin’s creation, the asset continues to dominate the financial markets. BitPay backs up this notion as its data has shown Bitcoin to be a major payment tool despite enormous price volatility.
Speaking to Cointelegraph, BitPay VP of Marketing Merrick Theobald said Bitcoin-based payments sales volumes on BitPay were up 52% in the first quarter of 2022.