Bitcoin White Paper Turns 18 As Fed Balance Sheet Grows

Community Trust Score Verified 92 % Real Verified 37 votes Updated 5 minutes ago The Bitcoin white paper turns 18 on October 31, marking a milestone for the cryptocurrency originally introduced as an alternative to the traditional financial system. The document, published by Satoshi Nakamoto in 2008, outlined a peer-to-peer electronic cash system designed to operate without reliance on financial institutions or centralized intermediaries. The release of the white paper occurred weeks after the US government approved a $700 billion bailout package for struggling banks during the global financial crisis.