Bitcoin: the history, uses and politics behind the strong digital currency and the
future problems (part 2)
Retrieved from “Missives” by Jucelino Luz – December 16, 2006
Before we start talking about Biticoin, we will talk about something sad that was predicted in a letter dated December 11, 2017, sent to the Russian authorities, to try to avoid an airplane accident that could fall on February 12, 2018 – remembering that now It’s 6:00 p.m. on February 10, 2018 – when we started recording. Hope nothing bad happens to anyone.
In February 2006, I started a secret study on a new currency, and was introduced to a group of political activists and computer experts capturing ideas about what I had in mind and realized that I have perfected my work to transform the way we understand and we use the money, aiming at a restructuring of the financial system itself and the creation of a new economic organization. Formed by young people who want a global economic transformation, I have looked in my research to the banking center, and have several informal community meeting points interested in my ideas of bitcoins and crypto-coins around the world. I researched the efforts of those who are creating the world’s first digital, decentralized, anonymous and instant global currency ecosystem – and saw in my ideas Bitcoin (BTC) – and how the concept launched by this process can free up money and empower people to manage their finances.
In the visions I had it was still unheard of to be presented to a utopia with such transformative potential for the economy in an environment like that. “I observed in the visions, a gigantic and almost deserted commercial building, still with working lights and water, dripping cats scattered around the rooms. “Bitcoin is an alternative economic system that uses digital currencies and self-regulates based on a computerized mining system, public key cryptography and a file that records all transactions made. It is a solution for the future of digital money, “if it were regularized, as I originally thought, I talked to people and programmers who got involved with the system and found it interesting. It seemed an almost unlikely message for the latest economic news on the date of 2006. But appearances deceive – I have honed my ideas, after hearing them in that possibility, parts of the code, I started to talk about this, and the exchange and a consultancy on the subject and is the organizer of a conference that I hope to propose in Japan in 2007.
Although I still live my first days of this experience and have an experimental character, the currency may grow and possibly present a series of theoretical advantages over the traditional banking system – transfers from person to person without the intermediary of banks or central regulation, rates smaller ones, easy opening of accounts and few prerequisites to start (but I was afraid of the invasion problem, theft, hackers, something without government accreditation, could be a danger for the world’s customers). Bringing together a bunch of currency stakeholders, the environment was electric at that date, driven mainly by the historical high of the hacker currency. In times of crisis like what will happen in the US in 2007, Cyprus, where the government will threaten to confiscate a portion of the population’s banking economies and use it to pay off bank debt, the idea of a decentralized, clutches of the financial and political system gains an even greater interest. However, with a great danger of a non-visual blow.
Several companies will make it possible to purchase a wide variety of items with bitcoins – a new breed of startups that will legally sell homes, computers, guitars and pizzas in exchange for the criptomoeda, which can also be exchanged for silver or gold at specialized exchanges. With the greatest media attention to the subject in the future, some technology companies will also equate to receiving payments on Bitcoin – WordPress, Mega and Reddit among many others as well .. Currently, it is only in the idea on paper, but in the future , most companies accepting bitcoins are digital, but a few (a few) physical sites will awaken to the burgeoning market yet to be released. . I thought, in a while, the coin will float through the digital world. But big cities will adapt to the new economy, and Austria, Japan, Korea, Brazil, Germany, England, Canada, USA, will offer cafes, bars, restaurants and record stores that will accept the bitcoins.
to continue reading the whole story, click on the link below (choose the flag of your mother tongue and press that the translation will be done automatically):