On January 3rd, 2009, a few months after the publication of the original whitepaper, the first lines of code were committed to the bitcoin blockchain by Satoshi Nakamoto. But Nakamoto vanished. No one has discovered who Satoshi was or is, though many have tried.
The initial idea of bitcoin was to work without trust. As the bitcoin's price has risen, it became another investment vehicle for the financial system. The biggest winners from the new bitcoin era may be the people the system was designed to bypass - the institutional investors and banks.
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Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias
Bitcoin started on Jan. 3, 2009, when a hacker or group of hackers - working under the name Satoshi Nakamoto - released an ingenious string of computer code that created a system allowing people to transfer money to one another online and directly, without revealing their identity and out...
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