On October 31st, 2008, Satoshi Nakamoto published the Bitcoin whitepaper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’.
Who would have thought that a whitepaper sent to a mailing list of cryptography enthusiasts would become a candidate to replace our central banks. In the middle of the 2008 financial crisis, Satoshi launched bitcoin, not only a payment system but a new concept of money that is decentralized, tamper-proof and censorship-free.
During its short lifespan bitcoin has become the best-performing assets making a lot of overnight millionaires during the 2017 and 2021 bull run.
Despite the price increase which is important, the most important thing is the philosophy that bitcoin transmits. People are becoming more informed about how the monetary system works and how the traditional financial system is unfair. Bankers that cause crisis get bailed out from the taxpayer money, or irresponsible governments that infinite print money cannibalizing the peoples’ savings. Venezuela is the biggest example with an increase of inflation by a 10 million percent increase. The centralization of Fiat money and the power of governments and bankers to control it is being used as a tool to suppress protests around the world against corrupt governments and an example of that is the situation in Lebanon.
Many argue that bitcoin is a get-rich-quick scheme, but it is definitely a get-free-quick scheme. A payment system that you do not need a third party to give you permission to use your money. The invention of bitcoin, this nerd money, has exposed how dishonest is our monetary system. Bitcoin is transparent because everything is stored on a public ledger still the privacy is preserved because no personal data is sored in some database that can be hacked or sold like the traditional systems.
The centralized traditional system is not transparent and personal details are frequently stolen or even sold from companies. Bitcoin is one of the greatest inventions of our century and would be cool to have the paper that started this revolution.
Searching for a decent poster of the Bitcoin whitepaper I came to the conclusion that there is not a free one. Since the Bitcoin 10th anniversary is only days away I thought to make a whitepaper poster so people can print and frame it in commemoration of the 10th year anniversary.
To celebrate the 10th anniversary of Bitcoin, we are offering this Free High-Quality Printable Poster of the Bitcoin Whitepaper. The poster is in PDF and the image below is a screenshot of the original file.
As the crypto bull market gains traction, the XRP price tests key resistance levels that…
In today’s fast-paced world, entrepreneurship is more accessible than ever, but turning a brilliant idea…
The TON blockchain ecosystem is rapidly gaining momentum, and this month marks the launch of…
It’s not just the Federal Reserve hinting at a shift towards looser monetary policy. Several…
The global monetary system is at a critical juncture, as new technologies like decentralized finance…
In a significant step toward modernizing its legal framework, the UK Parliament has introduced the…