: Bitcoin is an electronic cryptocurrency. It is based on blockchain payment technology, decentralized and global, and does not require third-party institutions or individuals. Bitcoin (pseudonym), based on borderless peer-to-peer network, was invented by consensus initiative open source software. It is the ancestor of cryptocurrency and blockchain and the most popular cryptocurrency at present. Everyone can participate in bitcoin activities and distribute it through computer operations called "mining". In order to avoid inflation, the maximum number of bitcoin protocols is 2 1 million. Using bitcoin as the private key of digital signature allows individuals to pay directly to others without going through third-party institutions such as banks, clearing centers and securities companies, thus avoiding high handling fees, cumbersome procedures and regulatory issues.
Over the years, people have repeatedly tried to reshape Satoshi Nakamoto into a person who is only interested in disrupting the banking or payment business. Most people have their own interpretation of the news printed on the first block of the bitcoin blockchain. However, even if we don't look at the code directly, some initial public information in Satoshi Nakamoto directly involves the issue of currency issuance.
In February 2009, he wrote at the P2P Foundation Forum: "The fundamental problem of traditional currency lies in all the trust needed to make it work. People must trust the central bank not to devalue the currency, but the history of legal tender is full of situations that violate this trust. We must trust banks to keep our money and transfer it electronically, but they lend in the tide of the credit bubble and have almost no reserves. "
In another earliest reply, he described it as follows: "Regarding the issue of secure electronic payment protocols, no one can really act as the central bank or the Federal Reserve, and can adjust the money supply with the increase of users."