The innovation of bitcoin is perhaps the most intriguing development of the early 21st century. In a span of only 5 years, the digital currency has jumped from being traded at 4 tenths of a penny, to highs of over $1200. In that time, we’ve seen individuals, government organisations, and large corporations warm up to the idea that bitcoin may be a form of cyber money pundits have been predicting for years.
Outside the control of any centralised institution and owned by no one party in particular, bitcoin sets the stage for something bold and new. Operating by freely accessible technology, bitcoin is backed by mathematical cryptography experts describe as a breakthrough in computing science formulated upon decades of research.
Bitcoin is poised to disrupt an entire swath of industries, holding promises of disruptive, even chaotic scenarios that will endure in the coming years. More swiftly than ever, this transformation will elicit massive changes on the way we work, play, and live. The individuals who study this transformation will have the opportunity to realise financial independence unmatched by any previous time in history.
The market of monetary innovation is entering the private domain. Brought on by the invention of a peer-to-peer electronic payment system, bitcoin is a form of global currency economists have been predicting for decades. What lies ahead for political regimes who attempt with futility to regulate this ghost outside the machine?
When bitcoin reaches its fullest potential, we will have entered a new era of prosperity, one where the dimensions of intelligence, imagination, and possibility are boundless.
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The Bitcoin Revolution