Many have been watching Bitcoin grow in value over the past few years, and in particular, over the past year or so. More investors are being drawn to Bitcoin due to Geo-Political risk, failing economies and traditional investments which create fear and uncertainty. The high Return on Investment (ROI), strong fundamentals and a bullish outlook for the future of Bitcoin and blockchain technology is very appealing.
During the Global financial crisis of 2007–2008, which is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s, the World was given an incredible gift. This gift was the form in a white paper posted on the Cryptography Mailing list at metzdowd.com by Satoshi Nakamoto called Bitcoin: A Peer to Peer Electronic Cash System.
According to Wikipedia, “Nakamoto created a website with the domain name bitcoin.org and continued to collaborate with other developers on the bitcoin software until mid-2010. Around this time, he handed over control of the source code repository and network alert key to Gavin Andresen, transferred several related domains to various prominent members of the bitcoin community, and stopped his involvement in the project.”
To this day, the true identity of Satoshi Nakamoto is unknown, however, as Bitcoin is an open source project, there are many developers involved with maintaining and improving the software client.
Bitcoin Believers are gobbling up Satoshi’s Whitepaper, a “must read” document!
Get your copy of What is Bitcoin
This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.