/biz/ - Business & Finance

>>11984549
Hang in there, anon! I believe in you!

>>11979671
Yes fren, many
>>11979675
Far right girl looks like she is from the far east

Asian women are social conformists and always side with those who are winning.

They’re bad news.

We're told that Satoshi Nakamoto invented cryptocurrency in 2008 when he published the Bitcoin whitepaper. But in 1996 the NSA published a paper titled 'How to Make a Mint: the Cryptography of Anonymous Electronic Cash' which describes the PoW consensus, public and private keys and how a cryptocurrency functions.

https://digitalcommons.wcl.american.edu/cgi/viewcontent.cgi?article=1389&context=aulr

So were the creators of Bitcoin simply inspired by the NSA, or did they work with them?

Russell rarely played the stock market and had little investing experience when he put around $120,000 into bitcoin in November 2017. He was stunned when that turned into $500,000 in just one month.

"I think there was one morning where I woke up, where I made about £12,000 ($15,600) in one morning on my investment and it just kept going," said Russell. "I was thinking, wow, that's mortgages paid, that's holidays that I've always dreamed of."

The dream didn't last for Russell, who works as a property developer in the United Kingdom, buying homes and fixing them up. The price of Bitcoin surpassed $20,000 in December before collapsing. It now trades at $6,300.

Russell attempted to mitigate his losses by shifting money from bitcoin (XBT) to an offshoot called Bitcoin Cash and other cryptocurrencies including Ethereum and Ripple. But that didn't work, and Russell says the paper losses on his initial investment have reached 96%.

"It was devastating, quite traumatic, really," Russell said. "I've seen stories on the news of billionaires going bankrupt, and you think how can that be? How on earth did you lose that amount of money? And yet, here I am in that position."

Plz no pink