What is bitcoin: the history of making money of the future

Twenty years ago, even the creators of the most incredible films with a fantastic storyline could not imagine that there will ever be virtual money, and even unmanageable absolutely nobody. In our material age, bitcoin and all the crypto-currency family can be considered a real phenomenon, because this is not even a step towards progress, but a real leap. In this article, let's talk about what bitcoin is and how it arose.

For those who have not heard of bitcoin

You can safely say that bitcoin went beyond the virtual world. This crypto currency has become not only an object of attention in the Internet environment, among a narrow circle of dedicated people - even grandmothers on the benches are discussing this phenomenon, although while linking it either with financial pyramids or with other varieties of divorce on the net. In fact, bitcoin is very far from such machinations, and any educated person knows it, and a financially educated person not only knows but also uses cue balls for a long time.

So, in simple words, virtual money does not have any material forms - these are not the usual pieces of paper that we used to pay in stores and not even plastic cards - these are information codes. If absolutely to designate them as elementary concepts, then each cue ball is a set of units and zeros in a unique sequence. Each such code is encrypted, it can not be faked or copied.

Where does the cue ball come from? There is no such organization, bank or person who lets out bitcoins and specifies how many they should be and at what rate - crypto-coins are extracted by efforts of computer facilities (the same PC), and the price for 1 MTC Directly depends on demand. From this it follows that there is no bitcoin-storage, where all these virtual money accumulate, they exist only on the purses of their owners - roughly speaking, there are no cue cards: everything that exists, someone belongs to.

We will not go into the subtleties of this colossal system, but we will summarize the above-described information by the fact that the Bitcoin network is extremely protected, and gives its clients complete anonymity.

Who and how to come up with an economic miracle?

It was 2008 year, the world stood on the threshold of uncertainty. Here and there financial crises broke out, humanity lost faith in money and sought new, more reliable and independent financial instruments. It was in the midst of this confusion that a certain Satoshi Nakamoto first talked about the crypto-currency, and he did not just speak-he published an entire article. Many people reacted to the idea skeptically, they say, the system will not work, it will not work, it's a utopia ... But the inventor did not stop these speeches, and a year later the Bitcoin network and the first purse were launched.

Since these events, a fair number of years have flown by, but the personality of this very Satoshi Nakamoto has remained unknown. There were different versions, whether it was a Japanese hermit friend, or a whole group of venerable scientists, but nobody really got to the truth. Satoshi was a very non-public person, he did not give out autographs and did not go to TV shows, so his face remained off-screen. The mystical person first supervised the project, anonymously distributed instructions to his remote subordinates, and not so long ago Satoshi simply disappeared. Although no, it's not easy - before Nakamoto managed to get 1 million And, since then, nothing is known about the scientist himself or the fabulous amount of crypto. From time to time in different parts of the world there are characters who want to get their piece of glory and therefore are represented by the name of the famous developer.

The most curious thing is that no one wants Nakamoto to suddenly find himself - imagine what happens with the bitcoin course, if Satoshi suddenly decides to put his cryptmonet for sale! Most likely, it will not just shake, but fall, and to the lowest marks.

The path from rejection to recognition

But back to the beginning of the story, when bitcoin arose, but nobody believed in it. Satoshi released the first software for mining and began sluggish cueing - at that time it was possible without super devices to extract crypto-moneys in packs, but except for Nakamoto himself, nobody practically used it. Individual IT specialists extracted coins, appeared those who were imbued with the idea and propagandized the mining, but even they did not know whether it would be useful from bitcoin.

An example of this was the most stupid waste of bitcoins in the whole history of their existence (although financiers call this an epoch-making day when two worlds came into contact and virtual money paid for real goods). In 2010, one of the miners from the United States, who was storing cue bottles, and thought that it was all candy wrappers, exchanged 10000 MTC For two pizzas. Fortunately, there was no limit to the American: he got a pizza literally from the air, without paying anything for his purse! Miner rejoiced and made a selfie with pizza, laid out the photo on the net and boasted of his luck to fellow IT people, without even thinking that he would become famous. Most likely, he himself and his offspring cursed that fateful day when they lost a whole fortune that today would have reached more 24 000 000 Dollars!

And this is only one of the real cases when the cue ball was not given due respect. It is known that another, less successful miner did not just spend a bunch of bitcoins, but threw them together with the burned-down computer into a dump. When, after a while, he realized that bitcoin was growing in price, he tried to find the lost hard drive with 7500 MTC, But nothing could be returned. And these are only cases that have been publicized - together with a million Nakamoto without being lost are considered From 1,5 to 4 million Bitcoins.

But, as soon as the bitcoin-coin began to grow, all of them immediately began to take an interest in them, extract, buy and save. By leaps, dashes and steep somersaults, the course of the beats exceeded the mark in 2500$ And, for today, fluctuates in this area.

What is waiting for bitcoin in the future?

Someone calls the cue ball the money of the future, someone is a soap bubble, and the truth, as always, is somewhere in between. Most likely, the crypto currency will not become new world money, but it still has a chance for a great future, but, again, everything depends on demand - if bitcoin does not lose relevance, something more convenient, innovative and fashionable will not be invented , Then we can expect even more of its distribution in offline. Otherwise, if the wave of cryptomania goes to a decline, then course and course will fall, and urgency, and therefore there will simply be no sense in spreading and development.

At the same time, it is not clear what will happen when the last cue ball is mined - and, according to forecasts, this should be expected in 2032 (the final generation is 21 million Beats, more 70% Already mined). In any case, we wish bitcoin long centuries of life and conquering the world, because it is not just a convenient and safe way of mutual settlements, but also an excellent investment tool.