Published on September 17th, 2017 | by bitcoin0
What Was Bitcoin’s Original Purpose?
A Quick Reminder Why Bitcoin was Invented in the First PlaceBitcoin created decentralized trust.
Difficult to divide.Paper money was invented.
Easier to transport and divide.Banks gave out more paper money than they had gold in the vault.
But every now and then, banks collapsed because of runs on the bank.Central banking was invented.
That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”.