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Bitcoin Derives Its Worth From Freedom

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An earlier model of this text was printed on Medium on September 25, 2019.

One thing particular occurred within the first yr or so after Satoshi gave us Bitcoin, one thing nobody anticipated and plenty of thought was unimaginable. Attempt to think about Bitcoin again then, earlier than you possibly can purchase issues with it, earlier than there was an alternate fee, earlier than anybody actually knew what, if something, would occur with it. Bitcoin didn’t begin out as cash. It turned cash, nevertheless it did so in contrast to any cash that got here earlier than it. For all of the issues Bitcoin has made potential, for all of the methods it’s altering about our world, we don’t totally recognize and even perceive what occurred in these early days, when it was only a plaything for geeks.

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