The World Is Waking Up to What Blockchain Is Doing to Money

It will take time, but cryptocurrencies are becoming the ‘trust machine’ of finance

Nicky Woolf
Mar 8, 2018 · 6 min read

Listen to this story

--:--

--:--


Cryptocurrency’s Early Days

Bitcoin was invented in 2008 by a mysterious figure known as Satoshi Nakamoto. Nakamoto’s proposal was “an experiment in monetary theory; a payment system and store of value,” says Joe Lubin, one of the founders of Ethereum.


Yet Another Wild West

Even when the Mt. Gox theft happened in 2014, cryptocurrency was booming and everyone seemed to be talking about it. That boom seemed to continue steadily, hitting a high of $17,000 in the middle of December 2017.

Nicky Woolf

Written by

Politics, science & the internet. @GuardianUS and @newstatesman alum. not really harry styles' dad. email me: nicholas.j.woolf@googlemail.com

Nicky Woolf

Written by

Politics, science & the internet. @GuardianUS and @newstatesman alum. not really harry styles' dad. email me: nicholas.j.woolf@googlemail.com

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store