Bitcoin is inevitable. Electricity, computers, the internet—all of these had to be sufficiently developed for the first sound money of this era to emerge. Bitcoin could only have been born in a society where these technologies were advanced enough. Could it have been developed in a time without electricity? No. Without computers? The internet? No. Why was Bitcoin created? Because of the 2008 financial crisis? Due to the efforts of people who had been trying to create electronic money for decades? All of these are correct. However, the birth of Bitcoin was primarily because human society had advanced enough for it to be developed and expanded. It emerged at just the right time. In this modern era, which has seen significant technological advancements, a sound currency with properties like decentralization, censorship resistance, and the ability to transcend the limits of time and space could be developed. Even if it wasn't Bitcoin in 2009, such a monetary revolution was bound to happen at some point. As human civilization advances, the development of electronic money is a natural progression. Bitcoin, arriving in a very neat form at the right time, is gradually changing the nature of the monetary system and capital. submitted by /u/jsy111 |