A way to route around banks

in #bitcoin5 years ago (edited)

Ten years ago Satoshi Nakamoto created an automated peer-to-peer electronic cash system: Bitcoin

This is the technical document on how Bitcoin works: https://t.co/2cVdD5MFab .

Bitcoin was not meant to be a get rich scheme. It was meant to be a payment system. It's biggest selling point at the start of the paper was to have electronic transactions that cannot be reversed. A trusted third party, means transactions can be reversed. So, there is no trusted third party. And also in the white paper there is talk of lowering transaction fees because of the lack of a third party.

Bitcoin was the first cryptocurrency. Satoshi's vision was to keep transaction fees low. Now we have Bitcion Cash.

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