On 18 August 2008, the domain name bitcoin.org was registered and later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list.
His paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust". In January 2009, the bitcoin network came into existence with the release of the first Bitcoin client and the issuance of the first bitcoins.
No one has heard from its inventor Satoshi Nakamoto since April 23rd of 2011 and now the world is in a frenzy to grab Bitcoins. At the time of event posting, Bitcoins were valued at over $17,000 USD for one coin.
We are no Bitcoin experts, but TheMobileBusinessSchool.com has been asked time and time again about its opinion on the subject of Cryptocurrencies.
It's an important subject for many different reasons. That is why we are holding a virtual town hall of sorts to answer questions as best we can and talk about the following:
- What makes a currency a currency?
- Where does money come from?
- What are cryptocurrencies and what is Bitcoin?
- Why does all this matter?
- Is Bitcoin a good investment?
- What is "Blockchain" Technology?
- How do you buy Bitcoin?
- Should I buy Bitcoin?
- What are Bitcoins used for?
- How do payment networks work?
Our conversation will be hosted by Walter Ward, founder of TheMobileBusinessSchool.com and former cash management banker and banking consultant. The conversation is 100% free and will be hosted right here on our facebook page @mobilebschool.
Register for all the free follow up gifts and materials. See you on the 20th!