10 years of Bitcoin: All you need to know!
You heard that right, it’s been 10 years since the domain “Bitcoin.org” was registered by Bitcoin’s first developers, Satoshi Nakamoto, and Martti Malmi whose identities till date remain a mystery.
Bitcoin and its legacy
The idea of bitcoin evolved when Nakamoto lost faith in the conventional banking system and fiat currency after the 2008 collapse.
Satoshi Nakamoto himself wrote
“The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.”
Bitcoin’s decentralized system has been invented as a means of disrupting the corrupted banking system. At the time of writing, there are 9,602 Bitcoin nodes online.
