Why was bitcoin created
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Ironically, rather than truly democratizing finance, some of these innovations may exacerbate inequality. Unequal financial literacy and digital access might result in sophisticated investors garnering the benefits while the less well off, dazzled by new technologies, take on risks they do not fully comprehend. Computer algorithms could worsen entrenched racial and other biases in credit scoring and financial decisions, rather than reducing them. The ubiquity of digital payments could also destroy any remaining vestiges of privacy in our day-to-day lives. Company Matches The year 2017 started off slowly enough, with Bitcoin wavering between $1,000 and $1,200. But by late April, the digital currency was clearly moving higher. The end of May saw Bitcoin at $2,300, but despite a move higher, it was back below $2,000 by mid-July. The decline didn’t last. By mid-August, Bitcoin had powered through $4,000 and then much higher. Retail traders were suddenly aware of the cryptocurrency and were driving volumes and prices higher.

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Where was bitcoin created
The concept of Bitcoin first came into creation in 2008, as a response to the Great Financial Crisis and the financial world’s reliance on banks as intermediaries of all financial transactions. Business & economics Ver is also one of the early adopters of Bitcoin and is often referred to as the “Bitcoin Jesus.” He believes that the original purpose of Bitcoin (providing a decentralized peer-to-peer transaction platform) is now being fulfilled by Bitcoin Cash.
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