Bitcoin born of disappointment Against Conventional Bank System

 Suprima credit crisis (subprime) that occurred in late 2007 shook the economy in the United States (US). At that time, housing prices fell and losses arising from the crisis is estimated at 35 trillion dollars.

Not only have an impact in the US, this crisis also impacted on other countries in the world. In 2009, Satoshi Nakamoto moved to create financial alternatives outside the conventional banking system that has been there all along. According to him, the main problem with conventional currency is so much confidence necessary to make this system work. 

Unfortunately, the position of the central bank which should be trusted to keep this confidence would indicate otherwise. Bank previously believed our store and transfer money electronically, it loaned to the credit bubble with almost no reserves.

Nakamoto distrust in conventional banking system was pushed childbirth Bitcoin.Bitcoin is a digital currency that is not regulated by the state and / or institutions. 

Some of the advantages Bitcoin them can be sent anywhere via the Internet without the sender's bank or institution. Every Bitcoin transactions also be unconditional and without limitation the transfer.

One of the advantages Bitcoin users are able to monitor all transactions. Currently, there are two ways to get Bitcoin. First, buy Bitcoin redeem directly with the official currency of the Bitcoin. Second, is to get Bitcoin by installing an application called Bitcoin miner or also known as Bitcoin mining.

The presence of this digital currency also experienced ups and downs. Since the security of transactions and the many enthusiasts, the currency is experiencing a significant growth in value. But, on the other hand, there is also considered Bitcoin difficult to use as a medium of exchange and payment because it was in a different ecosystem.

Attempts to bring Bitcoin to society is actually being conducted offline. Bitcoin exchange places physically present like Money Changer also had established.

When this is Satoshi Nakamoto vanished from circulation. One speculation terkencang of sudden departure, is due to the development of Bitcoin were no longer appropriate with the ideals of the beginning, when she gave birth.

Initial ideals he wants to wake up is to remove the 'middle man' who had been present in conventional banking, one of them in the form of the Central Bank.Although the identity of the Nakamoto until today is still a mystery, but the story of Bitcoin become one of the historical story in understanding the essence of technology.

Basically, the technology exists to make it easier. As collateral risk, it is often bring disruption technology, regulatory lag, until there was a possibility also of the industrial revolution.

Presence technology is also often inserted hopes for the emergence efficiency. So, when there is no technology that actually feels burdensome or forced, perhaps the essence of what one is actually obscured.

For example, can we see today is increasingly digalakkannya various transactions with electronic money. Hope initially, is that the time of payment at toll or Transjakarta bus is reduced, so people do not have to bother searching for exact change, or wait for change.

But, when each new card purchases charged quite burdensome and every top up existing administrative burdens are inserted, actually who is more need technology called electronic money? source: republika.co.id