INTRODUCTION

The economy toppled; people lost their jobs, homes, and savings; this was how Bitcoin came into existence.

Money is changing. Cash was already becoming antiquated, but now it could all but disappear. Those numbers in your account will soon mean nothing. They have always been open to interpretation, which leads to recessions and inflation, relying on a central authority to manage the fiat supply. Governments print and burn money when the economy needs control. The past has seen some crises because of this system.

Tulip mania in Holland was the first example in history of market manipulation culminating in a crash. The Dutch were buying the flower at increasing prices, until the price of a single bulb went all the way up to the equivalent of tens of thousands of dollars in today’s money (thanks to our friend inflation). Speculators lost money and the Dutch economy suffered a massive recession.

The markets in America saw this on a grand scale in the late 1920’s. The Stock Market Crash ushered in the Great Depression, affecting the whole world. Government spending was cut, banks were forced to close, stock brokers committed suicide. It took our country decades to recovery.

During this time, Germany was recovering from its massive debt that it was forced to pay after the Great War. It printed millions of marks to feed its people, but this led to the largest rate of inflation ever recorded in history. A loaf of bread was worth ten-thousand marks. It was in this environment that fascists stomped into and took over.

Money is changing. Bitcoin is decentralized, the supply is set at twenty-one-million, and it is controlled by anyone who wants to plug their computing power into the system and record transactions. Satoshi Nakamoto created a potentially revolutionary technology. It will not only change currency, it will change the way we do business, run elections, and even govern the masses. The future will be blockchain.

One day, we will all be using Bitcoin. Imagine what it will be worth then and remember where it once was.