Dominic Frisby discusses his book Bitcoin: The Future of Money? In 2008, while the world was busy panicking about the global financial crisis, a computer programmer called Satoshi Nakamoto posted a message on an obscure mailing list. ‘I’ve been working on a new electronic cash system’, he said. ‘It might make sense to get some just in case it catches on.’ Nobody seemed to care. But what he had created would become the world’s most famous alternative currency: Bitcoin. Economists, anarchists, speculators, computer coders, libertarians, entrepreneurs and criminals worldwide were inspired. Early adopters would make a return two million times larger than their initial investment. Now it seems that Bitcoin will do to banking and finance what email did to the postal service and what the Internet did to publishing: destroy old monopolies and create opportunities for the masses. Some even suggest that the technology behind Bitcoin will usurp our Western systems of representative democracy. In Bitcoin: The Future of Money? Dominic Frisby sets out to solve the mystery surrounding the identity of Bitcoin’s secretive creator, explain in layman’s terms exactly how the system works, and show how Bitcoin will change the world forever.
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