The Bitcoin
paper was published on October 31 2008. The blockchain was
created on January 03, 2009. If there is a single pre-cursor then it was
B Money in 1998.
For those who are interested in blockchain I highly recommend reading both of the papers above. They're not too technical and they give considerable insight into the philosophy behind cryptocurrency.
It is practically impossible to prove a negative but if Satoshi's creation was a "bankers product" from "high ranked conferences" then they made a big mistake. While some people are Bitcoin maximalists, I would argue that the key benefit of Bitcoin (besides the establishment of immutable pubic ledgers that could bring considerable benefits to humanity), is that people can start to look past the hegemony of their nation's One True monopolistic single currency, debased at the whim of some politician, and embrace a new world where currencies are fluid and only real value is valued.
They made a big mistake ?ha ha funny.They are closer to their final goal than majority are thinking.
Bitcoin was created in 2006 with three main points.
1.Running a testnet
2.Advertising digital money
3.Watching for improvements
First of all you guys clearly have no knowledge about history and what governments did to ANY smallest alternative to their currency.It was jail time instanly.
If they wish they could destroy bitcoin instantly.They would need to make a 51% attack or make fiat gateways/exchanges ilegal and it would get no adoption.
However they instead accumulated bitcoins starting from 2009 with bing banks like JPM which you can read on their reports that they logged daily on average 50 times on crypto exchanges.
The fact that the FBI could already in 2011 98% of bitcoins transactions says everything.They planned for the other 2% to use 3rd parties which we can see today.
So bitcoin is for big banks nothing other than a marketing gag where they can make xxxx% profit.
Secondly without the big advertisement of crypto to the whole world the transformation and acceptance from fiat to virtual money would be way more difficult.
Improved blockchains have been invented where the one for CBCD's are already choosen.
The first change will fail on purpose which will kill the wealth of people.
The second change will be limited virtual money with a special feature based on CDR's which is a world currency.
Of course they will sell it to dumb people as a solution to make sure never again can money be made out of air and people will celebrate it as a success of the crypto community thinking it was their solution and from provided by bankers
Btw the big banks have so much BTC in their wallets they could tank bitcoin anytime they wish.
I think you never learned trading professionaly like Wyckoff etc.
First years there are accumulations for peanuts after that there is a distribution.If you accumulate enough you can dictate the price to hype it.
A good example with a way lower timeframe was the stock NKLA which distribiution was done by a big bank who created a big hype on that stock which quickly rose from $4 to $90 (distribution phase) and after the end of distribution the price fall back to $15
So you have actually exposed yourself as a poser who clearly haven't lived through the early days.
You mean the first new projects which were all a quick moneygrab and scam ?
Or do you mean i was not dumb enough to belive bitcoin is a decentralized monetary system which is controlled by its community.
Like i said you clearly have never read any reports from banks/fbi etc which already in the early days published their goals about bitcoin.
You clearly have also no understanding of history of past alternative monetary systems else you would know bitcoin would NEVER come so far without the approvement of governments and banks.....
But hey keep thinking like the majority that bitcoin was invented to fight the central banks and that it was just a coincidence that it also leads to the bankers wet dream of a centralized virtual CBCD.
Lets see how quickly you will realise that losing fiat is the worst that could happen
