Maybe it’s just that winter is dragging on, but I find myself getting increasingly irritated with mainstream reports about Bitcoin that say it was a result of the financial crisis. 

It wasn’t, and that matters.

First, let’s look at why it wasn’t, and then I’ll explain why this misunderstanding bothers me.

Bitcoin’s pseudonymous creator Satoshi Nakamoto started working on the Bitcoin white paper in early 2007, over a year before the financial crisis hit mainstream markets.

In early…

… Continue Reading at: www.coindesk.com [source]