| But I digress. Back to the Great Financial Crisis. There seems to be the belief that bitcoin was borne out of the events that transpired between late 2007 through 2009.
The Great Financial Crisis, or the Great Recession, was a series of events that began with easy credit, subprime mortgages and low interest rates, eventually leading to the collapse of the housing market, the loss of trillions of dollars of wealth and the demise of many storied financial institutions, most notably Lehman Brothers. But one thing the crisis was not responsible for was bitcoin.
The origins of a decentralized financial currency started way before November 17, 2008, the date the original bitcoin peer-to-peer white paper was released. While bitcoin is arguably the most famous and most successful, several other concepts were experimented with prior to bitcoin. In fact, cryptographer David Chaum, considered to be a pioneer in digital cash, introduced the concept of a “blind signature” in his 1983 white paper. There was also “Hashcash,” developed in the 1990s. | 