[We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.]
- Nakamoto Satoshi[Bitcoin: A Peer-to-Peer Electronic Cash System]
In Jen 3rd. 2009.
Bitcoin: A Peer-to-Peer Electronic Cash System.
A short article of nine chapters puts its name on the world.
The paper is made up of complex programming terms. But the main content is to replace the centralized monetary system, which had been held by existing financial capital (some private enterprises and state power), with a decentralized, accessible, and publicly-funded monetary system.
Have many argued about cryptocurrency since this paper was published. cryptocurrency? can not will be real currency. just more similar like an imagine or fantasy. However the truth is merely a programming methodology, a neo-liberalism in a true sense based on Hayek economics and it is an opportunity to open up new material analysis bases and thinking horizons by shaking the roots of many social ideas that the early human beings have achieved in a little while.
The humanistic (social ideology) decentralization monetary policy will be the opportunity to call for criticism and revision of the new conceptualization work of 'production infrastructure' and to put it hardly, it is a solemn declaration to announce the beginning of the calm and fierce battle of the 21st century as the beginning of the revolution.
With a lot of economic analysis and economic views on virtual currency, and thoughts on them, steemit users has been posting very attractive and mature articles. (and sometimes with a deep respect for their insights). And I think that humanistic reflection is also necessary because the future that will soon be coming and the direction of the history will go beyond the scope of 'economy' and 'investment' to a new society, life, and new ideology.
The Fourth Industrial Revolution. A new era emerges after every industrial revolution. New ideology and new hegemony appear. If we are pioneers, we must always think, be alert and prepare. Let's think about the future from now on. From the nearest present to the past, and into the future.