TD₿: The Crypto-Currency: Bitcoin and its Mysterious Inventor by Joshua Davis
TL;DR An early article from 2011 that transports you back in time to when Bitcoin was first being discovered by the world.
Hey Bitcoiners,
I often find myself thinking about the timing of everything that we’re experiencing today. To say Bitcoin was built for these times is an understatement.
It seems like Bitcoin came to us just in the nick of time. It arrived as central banks began expanding their balance sheets at an unprecedented pace, as fiat currencies started depreciating at an increasingly rapid rate, and at a time when billions of people in the world are now suffering from double-digit inflation.
Major forces have been slowly coalescing for decades until, finally, it has all come together in spectacular fashion to create a pivotal moment in history that will shape future generations to come.
Bitcoin was born in the ashes of the Global Financial Crisis, and it is now maturing right as we enter the Fourth Turning and the end of the Long-Term Debt Cycle. Where it was once mocked, Bitcoin is now being discussed at the highest levels of government and finance.
Two thoughts come to my mind when I look around at the state of the global economy today:
1.) We are living in extraordinary times, and
2.) Thank God for Bitcoin.
Bitcoin’s arrival as things were falling apart for the traditional financial system is a bit poetic, and I tend to wonder what the general feeling on the ground was towards it back in those early years. Did people understand the magnitude of Bitcoin? Did people instinctively know then that Bitcoin was a potential solution to the profligacy of banks and governments?
This article, published in 2011, was a very entertaining read to better understand how people felt about Bitcoin in its infancy. (10/03/2011)
After reading the piece above, you can sense how people back then had a healthy skepticism towards this new technology but then were amazed by Bitcoin as they learned more and more about it.
It’s refreshing to see that some things in this world really don’t change!
As the world shifts around us chaotically, with Bitcoin, the song remains the same.
Tick tock next block,
Cory Klippsten
PS - Have you bought your ticket to Pacific Bitcoin yet!? ☀️ 🌴 If not, use the code “DAILY” for 20% off your ticket purchase today!
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Quote of the Day
“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” - Satoshi Nakamoto
Job of the Day
Rhodium Industries is looking for a Full Stack Software Engineer to design, develop, and maintain software to monitor and manage Bitcoin mining at scale. Working primarily in Go and Javascript, this individual should have a deep passion for computer science and a breadth of knowledge in OOP.
Not your particular skillset? Check out all the Bitcoin jobs at bitcoinerjobs.com.
Featured Event
Thursday — Another Socratic discussion on technical developments in Bitcoin at Austin Bitdevs from 7:00-9:00 pm.
*The Fiat Standard with Saifedean Ammous: Presentation and Book Signing (5:30-7:00 pm):*
BBQ after the meetup will be at Coopers; food tickets available via OpenNode ($35).
Not in town for this? Check out all the Bitcoin events at bitcoinerevents.com.
Meme of the Day
Josh is such a great writer. this piece is still one of the best, most enjoyable accounts of early bitcoin history. his work is worth reading across lots of media, including nyt, wired, tv, movies (Epic Magazine). nice guy too. glad to revisit that article. thanks!