Learn more about crypto with this collection
How to use storytelling to influence and persuade
How to create a compelling narrative
How to structure your story for maximum impact
The biggest winners of bitcoin
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.
60
290 reads
MORE IDEAS ON THIS
The structure of bitcoin
- Bitcoin is a peer-to-peer money network. You don't have to pay a fee to a bank when you send money to another party.
- Bitcoin is finite. There can only be 21 million bitcoin in the world. More than 17 million have already been mined while the rest w...
73
381 reads
Building a smarter coin
Despite Mt.Gox and the Silk Road, bitcoin continued to enter the mainstream. At the end of 2014, Microsoft began accepting bitcoin payments. In 2015, other cryptocurrencies such as Ethereum - also based on the blockchain - began to emerge.
Ethereum changed the focu...
67
250 reads
Mt. Gox
Magic: The Gathering Online eXchange (Mt.Gox) launched a bitcoin exchange in 2010. It let people buy bitcoin and sell using bank transfers.
The early years of Mt.Gox revealed that online currency m...
63
239 reads
Money is a value token
Bitcoin highlights how fundamentally bizarre money is. Money is a value token that makes exchange easier. It isn't real in a tangible way. But it's real enough that people fight and die for it.
Bitcoin's ideology is that of a specific distrust of financial institutions. I...
64
320 reads
Expanding blockchain technology
- Ethereum was the most meaningful of the ICOs (initial coin offering). Many other companies followed, such as NXT Neo, Spectrecoin that were often tied to specific businesses and products.
- In 2017, the US Securities and Exchange Commission (the money police) announced that financin...
68
322 reads
Bitcoin was born from a crisis
In the middle of the 2008 banking crisis, a group of anarchists, libertarians, and other tech-savvy true believers created digital cash.
In August 2008, bitcoin dot org was registered as a domain. On Halloween the same year, Satoshi Nakamoto put up a white...
70
560 reads
The early bitcoin community
In order to make your investment in bitcoin worthwhile, you have to convince others that the investment is valuable too.
The most significant community for early bitcoin was dark web marketplace Silk Road, founded by Dread Pirate Roberts (Ross Ulbricht). The idea was t...
66
353 reads
CURATED FROM
CURATED BY
Total food specialist. Friendly webaholic. Coffee fan. Proud analyst. Tv expert. Explorer. Travel nerd. Incurable beer advocate.
Related collections
More like this
What is Bitcoin (BTC)?
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias
The early history of bitcoin
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...
Bitcoin was born from a crisis
In the middle of the 2008 banking crisis, a group of anarchists, libertarians, and other tech-savvy true believers created digital cash.
In August 2008, bitcoin dot org was registered as a domain. On Halloween the same year, Satoshi Nakamoto put up a white...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates