Post
Topic
Board Economics
Re: What they mean whenever they say Bitcoin was born in the wake of 2008 recession?
by
yurgee
on 08/07/2020, 19:23:02 UTC



Quote
What then is the purpose of Bitcoin whenever they say "Bitcoin was born in the wake of the 2008 recession" or is it just a mere saying?

Does it have to have a purpose? It is not even a saying either.

It so happened that when Satoshi Nakamoto launched the Bitcoin network, it was around the time of The Great Recession. However, I think the timing is purely coincidental. I don't think Satoshi created or launched Bitcoin as a reaction to it.

[/quote]

When Bitcoin fanatics quote that line, they usually paint it to look like Bitcoin was born as a solution to future recessions. It's easy to spot this notions in most articles promoting Bitcoin.