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🗓️ 27 March 2025
⏱️ 57 minutes
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0:00.0 | LinkedIn Presents. |
0:05.5 | The first time journalist Ben Wallace heard the word Bitcoin was in the summer of 2011. |
0:12.8 | I got a call from an editor at Wired Magazine, which I had written for one time. |
0:18.6 | The editor was looking for someone to write about this newfangled digital currency. |
0:23.6 | But I was an unlikely person to call in that I was kind of a ludate former English major, |
0:29.6 | not a computer guy, didn't know how to code, |
0:32.6 | but it immediately got my attention. |
0:35.6 | Because it was totally new, a new kind of money. That doesn't |
0:40.1 | come along every day. The British pound is 1,200 years old, the dollar 230. And Bitcoin |
0:48.6 | wasn't just new. It was different. Unlike the pound or the dollar, it wasn't issued by a central bank. |
0:57.0 | Instead, Bitcoin relied on a network of volunteer computers spread all over the world. |
1:04.0 | Together, these computers maintained a public ledger, also known as the blockchain, to track every transaction. |
1:12.2 | Put another way, Bitcoin was independent and decentralized. |
1:16.4 | It was punk, countercultural, anarchist, libertarian. |
1:20.9 | It was unregulated and untested, risky and alluring. |
1:27.5 | And there was something else that got Ben's attention. |
1:31.4 | This invention that was already beginning to get some traction had an inventor and no one knew |
1:36.1 | who it was other than this pseudonym. |
1:38.3 | Satoshi Nakamoto. |
1:40.8 | Two and a half years earlier, on Halloween 2008, as children donned costumes, |
1:47.4 | Satoshi performed his own masquerade, |
1:50.4 | appearing out of nowhere on an obscure cryptography email list to outline his idea for Bitcoin. |
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