Card VIII-7: SATOSHI NAKAMOTO – Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.

Series VIII · Card 7 of 21 · THE SCRIPTORIUM

Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.

SATOSHI NAKAMOTO · P2P FOUNDATION · 11.02.2009

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Source

P2P Foundation forum, “Bitcoin open source implementation of P2P currency”, 11 February 2009

Open source · satoshi.nakamotoinstitute.org ↗

About the author

Pseudonymous creator of Bitcoin. Published the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008 and launched the network in 2009. Their identity remains unknown.

About the source

P2P Foundation: a network founded by Michel Bauwens in 2005, where Satoshi introduced Bitcoin in February 2009.

The question on the back

How well do you know what your bank does with your money?