The Bitcoin Ideology

“In a 500-word essay that accompanied the code, Nakamoto suggested that the motive for creating bitcoin was anger at the financial crisis: ‘The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.’   You know you’re talking to a true bitcoin believer if you hear the word ‘disruption.’ But that’s how bitcoin is seen within the broader movement: as an unruly tool with potentially transformative effects on entrenched businesses like retail payment and asset management.”

http://www.nytimes.com/2013/12/15/sunday-review/the-bitcoin-ideology.html?_r=0&pagewanted=all

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