Bitcoin could become irrelevant if any of the ideas put forth by MIT students become a reality. First though, let’s go back to 2008 when the US went through the worst recession in history; it was even considered to be greater than the “great depression”. The cause of it ultimately came down to the banks issuing money/mortgages to individuals that they didn’t have and the housing market burst as a result.
A year later, the still unknown Satoshi Nakamoto served the world an entirely new solution to the problem and Bitcoin was born. Nakamoto’s original whitepaper ...
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