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Never in the history of the world had it been possible to transfer value between peoples without relying on a trusted intermediary, such as a bank. In 2008 Satoshi Nakamoto published a 9 page solution to a long-standing problem of computer science known as the Byzantine General’s Problem. Nakamoto’s solution and the system he built from it — Bitcoin — allowed, for the first time ever, value to be quickly transferred, at great distance, in a completely trustless way. #bitcoin #money #currency
