Bitcoin: The Most Impressive Speculative Bubble In Modern History | The American Conservative

December 18, 2017 by · Leave a Comment 

In August of 2008, a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” was released on an academic listserve by somebody called “Satoshi Nakamoto.”  The paper described an electronic, public system for transferring “value” from one participant to another without a bank or other type of intermediary. The security for clearing these public transactions came from industrial strength cryptography, which effectively makes each bitcoin trade more costly to validate than the last.

Source: Bitcoin: The Most Impressive Speculative Bubble In Modern History | The American Conservative


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