Bitcoin, It’s almost a Decade
Bitcoin, Blockchain, Its Root and Its Way Ahead
By prepping to close this year, I think it’s interesting to look back on what happened then that we can leverage as a lesson to current situation. I like to invite to look our world to a decade ago, 2008. Everybody knows what happened in 2008, it’s somethings profound enough that we can still remember how the most powerful financial institution knocked down to its very foundation. It become the turmoil of people around the globe, no wonder it was called the global financial crisis.
Like any other crisis, it crushed people economically and socially, nonetheless what make the 2008 financial crisis became historical that it spilled over globally and it came from the most powerful state in the world. So we can understand that back then, the financial system was really crashed. The interesting thing about that moment was what happen next? It was the technology-geek that started to figure-out a way on solving public lack of trust to financial institution. It was the moment where things that sexy enough now was unknown back then, it was Bitcoin.
What amazed me was how does the ideas of one person could spread its influence and now we can see how it still exists. I learnt that it was started when group of people saw that there is a major flaw in existing financial system that is controlled by limited amount of people in power, the government. They tried to seek for alternatives and that’s when the paper of Satoshi Nakamoto got its traction. A new electronic cash system that is fully peer to peer, with no trusted third party. This invitation met its attention and who knows that it was become what now the sexiest asset if not financial asset that people talk about.
I take it as the idea that is rooted by the aspiration of people to take back control of their life in the midst of crisis. I take it as the solid prove of creativity of human being, their ideas could shape its way ahead. While it is stemmed from the aspiration of human being to make a better way on living in the transaction world, I am sure that Bitcoin and Blockchain are still in their beginning on enhancing their root to our social and economy.
