/biz/ - Business & Finance

This is where the idea for Cryptocurrency software originated in reality...

It was based on Online Poker software and the Person 2 Person cash transfer system in the cashier. THAT'S WHERE I GOT THE IDEA. A software program like Online Poker that was used to transfer cash Person 2 Person. Only I came up with the idea to make an independent digital currency and ENCRYPT the system. It was my idea to encrypt the software. It was my idea to use numbers and letters in the Addresses and call them "Addresses." I invented all of that in reality. It was all based on Online Poker software.

Legal issues surrounding Online Poker in 2006 are what sparked the invention of Cryptocurrency. The Unlawful Internet Gambling Enforcement Act of 2006 was the motivation for it. Poker sites were committing financial fraud by displaying debit card transactions as "Golf Balls" and "Wedding Photos." So, Online Poker players needed a new way to transfer money to Poker sites. Cryptocurrency was the solution I came up with to solve the problem. If we were using an independent currency and refraining from using our banks, then it would be legal to transfer money to Online Poker sites. That was the REAL motivation for the creation of Cryptocurrency.


That and I also purchased some Cannabis Seeds in 2006 with my debit card ILLEGALY. So, that transaction made me paranoid to the point where I wanted to HIDE digital financial transactions. Those 2 situations are the source of the motivation for Cryptocurrency. I figured people would use if for Drugs because guys were already openly talking about shipping Weed through the mail on Weed Grow forums to one another. So, I figured people would use Crypto for Drugs if it were invented.