2015 will be remembered as the year bitcoin and its blockchain entered the mainstream, penetrating the highest levels of the global financial system, the arts, and social media, even what at the moment is known as the internet itself, but at what cost will this be as we move forward to its core principle of decentralisation?
Bitcoin first appeared on the scene after the height of the global financial crisis in 2009 as an experimental alternative to the current system of central banking. This was the first time in history people could send value worldwide instantly, practically free without having to trust a third party and everything verifiable on its public blockchain all which is self-regulatory.
This was free from all governments control and no corporate entity was holding power, the new trust was not to pay the bearer but instead in mathematics.
Since my venture into the rabbit hole of the bitcoin world in 2012 I have been astounded to see that even the most intelligent of people believed paper money was still backed by gold and that the banks were here to provide us with a service and protect our savings and investments from thieves.
http://cointelegraph.uk/news/115859/bitcoin-blockchain-banks-and-the-future-of-decentralisation
Topic: [2015-12-14] CTUK: Bitcoin Blockchain, Banks and the Future of Decentralisation (Read 294 times)
December 14, 2015, 03:57:44 AM
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