BTC Whitepaper Published This Day in 2008

Seventeen years after Satoshi Nakamoto published the Bitcoin whitepaper on October 31, 2008, Bitcoin has transformed into an asset valued over $2 trillion, gaining acceptance from Wall Street and political leaders. Designed to eliminate reliance on third-party intermediaries, the whitepaper introduced the concept of a decentralized financial system. Despite the success and significant net inflow into U.S. spot bitcoin ETFs, Bitcoin faces challenges, including declining transaction fees and internal disputes about its direction. Critics argue that its essence as a decentralized currency is at odds with institutional adoption. Some prominent figures, like former President Donald Trump and BlackRock CEO Larry Fink, have shifted their views, promoting Bitcoin as a strategic asset. However, skepticism remains among others, and questions about Bitcoin's long-term viability and its adaptation to looming threats like quantum computing persist. The anniversary signifies both a remarkable achievement for the crypto movement and the complexities of its evolution.

Source 🔗