NATHANIEL POPPER / New York TImes - 2 years ago
  • But disagreements within the Bitcoin community are being watched closely by central bankers and financial industry executives.
  • When Bitcoin was introduced in 2008, the title of the paper written by its creator, the mysterious Satoshi Nakamoto, called the currency an “electronic cash system.”
  • The Bitcoin software created a decentralized network of computers that anyone with internet access could join, making it easy to send Bitcoins between addresses.
  • But the number of people using Bitcoin to buy things was always small compared with the number of speculators buying it because of its scarcity.