Bitcoin was almost named Netcoin by Satoshi Nakamoto, hints domain data

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Com­ing up with a good name is often one of the most chal­leng­ing deci­sions one needs to make when launch­ing a new ser­vice or busi­ness. His­tor­i­cal data of domain name pur­chas­es sug­gest that Satoshi Nakamo­to, the cre­ator of Bit­coin (BTC), had an alter­nate nam­ing option in mind that did not make it to the whitepaper.

Bitcoin.org, the web­site domain linked to the orig­i­nal Bit­coin, was cre­at­ed on Aug. 18, 2008, under Anony­mousSpeech, a ser­vice in Japan that allowed users to buy domain names anony­mous­ly. Domain pur­chas­es under Anony­mousSpeech around sim­i­lar time­lines revealed the cre­ation of Netcoin.org on Aug. 17, 2008 — just a day pri­or to the cre­ation of Bitcoin.org.

After fur­ther research, cryp­to lock­smith Or Wein­berg­er con­firmed that no con­tent was ever present on the Netcoin.org domain “except only after it was repur­chased by anoth­er per­son lat­er on.”

The deci­sion to stick with Bit­coin may have been cru­cial to its suc­cess due to the fact that numer­ous mem­bers of the cryp­to com­mu­ni­ty high­light­ed their dis­like for the name Net­coin, as one stat­ed:

“That’s inter­est­ing. I’m glad they stuck with Bit­coin, sounds way better.”

The find­ing fur­ther helps Bit­coin dis­tance itself from the peo­ple that have pre­vi­ous­ly claimed to be Satoshi Nakamo­to. The Netcoin.org domain was lat­er delet­ed and re-reg­is­tered to a sub­sidiary of Web.com in 2010.

Relat­ed: El Sal­vador’s Bit­coin deci­sion: Track­ing adop­tion a year later

Despite the mys­ter­ies behind the cre­ation of Bit­coin, the asset con­tin­ues to dom­i­nate the finan­cial mar­kets. Bit­Pay con­firms this notion as its data showed Bit­coin to be a major pay­ment tool despite huge price volatility.

Speak­ing to Coin­tele­graph, BitPay’s vice pres­i­dent of mar­ket­ing Mer­rick Theobald stat­ed that the sales vol­umes of Bit­coin-based pay­ments on Bit­Pay account­ed for as much as 52% in the first quar­ter of 2022.



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