Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto

Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto

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Thank you for this informative post. I think cryptocurrencies in general are underrated and even looked down upon by some people. It's important to know the truth about cryptocurrencies like bitcoins and altcoins because they are here and they are the future of online transactions. They have a lot of potentials and more and more people should realise this as early as now.
 
There's something about crypto currency that makes me extremely nervous and while I know that the popularity is growing, I'm still not convinced it's just one big scam.

When you read the reviews of some people about it being linked to criminal gangs and the black market, then you find out that the creator of Bitcoin isn't actually a real person, it all starts to become a little too shady for me.
 
pwarbi said:
There's something about crypto currency that makes me extremely nervous and while I know that the popularity is growing, I'm still not convinced it's just one big scam.

When you read the reviews of some people about it being linked to criminal gangs and the black market, then you find out that the creator of Bitcoin isn't actually a real person, it all starts to become a little too shady for me.
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Since the dawn of time anything that could be traded would have been done so for illegal and/or immoral activities. It does not matter if it's gold, silver, diamonds, pounds, dollars or bitcoin & cryptocurrencies.

In fact unusual items such as favours sexual & non are even linked to criminal gangs and the black market. The fact is any note carried in your pocket has probably been through more criminals hands than any digital money you own. Your notes may even still have trace amounts of drugs on them.

Please do not be fooled into blindly trusting your government, they offer us some financial security but at what price. This paper is named and explains how the process works; most major religions had several creators who may or may not have existed and very much like religion you actually have people that believe in bitcoin.

I am not sure how the future will be but the concept of peer to peer trading (like it once was) with no middle man(the bank) forcing us to trade through them is interesting. Who the creator is matters not and in their defence (I'm not pro Bitcoin per-say but pro people being independent & free with free-will but that's by-the-by), if you were creating a system to challenge the major banks (the most powerful entities on the planet without doubt) would you not want to be anonymous?
 
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