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Published in:
2014 | OriginalPaper | Chapter
Early Bitcoin
Author : P. Carl Mullan
Published in: The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations
Publisher: Palgrave Macmillan US
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The reasons for creating Bitcoin are only speculation because the actual person or persons which created the concept is unknown. Speculation surrounds the fact that Bitcoin emerged during the 2008 financial crisis and the original block of Bitcoin contained an embedded text referencing bank bailouts. No single person, company, or group can speak on behalf of the entire Bitcoin network.