Currency And Criticism Of Bitcoin On Money As The Background

Bitcoin emerged as a criticism against Fiat money (paper currency), especially when the financial crisis that occurred in 2008. With his character who centralized-distributed without any server, capable of achieving a shared consensus bitcoin using cryptographic branch of science to build the infrastructure of the system.

Satoshi Nakamoto, the name behind the pseudonym of author of the bitcoin deliberately inserting a message in block genesis, block first bitcoin bitcoin when first released. On the Genesis of this Block, there are indeed arbitrary data that can be filled with any message as its contents. On the block, Satoshi lists the message, "The Times 03/Jan/2009 Chancellor on the brink of a second bailout for banks".

*** The message is Satoshi Nakamoto in Block Genesis Bitcoin, was a New York Times headline.***

Of course it could also be interpreted as a background, especially indeed considering how capital currency system has many cause misery in the face of the Earth because of the Debt-based Monetary System. Bitcoin managed to break the deadlock, into the light of the economic freedom to its users. The allusion, the community has now has the choice of its economy on its own.

Bitcoin, has changed the way of looking how people can argue theoretically about the currency. As it turns out, the currency can be created without oligarchs, manipulation, and monopoly. The currency could be made more transparent, involving all mankind, more democratic, and, can be produced by all people. Everyone had the same position in the production of currency in Bitcoin.

*** One of the works at cryptograffiti, using the credit card pieces, molding, acrylic, raspberry pi, and wood as a medium for display.***

More specific viewpoints bitcoin as currency, certainly not apart as well with various pros and cons of how classical and ancient branch of theoretical economics, see currency characteristics according to the versions that have been diamini during this