Two days ago i erased my time machine as it had backups going back at least a year including a computer no longer working and I wanted to streamline it.
Time Machine is software on your Mac that is used to back up the data on the computer to another hard drive. A Time Capsule is an AirPort Extreme wireless router with a built-in hard drive that is designed to store backups of your Mac(s) made with the Time Machine software.
So, when you say that you erased my time machine, I assume that you meant to say that you erased the Time Capsule hard drive. This would have wiped the drive clean, so at that point, there would be no backups and no data on the drive, as if it was new and had not been used before.
Now I am able to enter t/m but can't get to the first complete backup done
So, the drive is not blank, and you have performed a Time Machine backup.......that probably took at least a few hours depending on how much data that you had on your Mac......is that correct?
If yes, whenever you make the first complete backup of your Mac using Time Machine, it will take the Time Machine application at least a few hours, and sometimes a day or two....if you backed up your Mac using wireless.... to completely index the new backup so that it will be displayed correctly when you enter Time Machine.