have purchased bitcoin. Citation needed Ideology Satoshi Nakamoto stated in his white paper that: "The root problem with conventional currencies is all the trust that's required to make it work. Archived from the original on Retrieved Rubin, Gabriel.; Michaels, Dave; Osipovich, Alexander. Archived from the original on Retrieved mpton, Nikolai (5 September 2016). 89 In other words, bitcoin's inventor Nakamoto set a monetary policy based on artificial scarcity at bitcoin's inception that there would only ever be 21 million bitcoins in total. "Bitcoin sinks after China restricts yuan exchanges". Beikverdi,.; Song,.
"Investor Alerts Don't Fall for Cryptocurrency-Related Stock Scams". Archived from the original on 19 February 2015. Archived from the original on Retrieved "Bitcoin biggest bubble in history, says economist who predicted 2008 crash". "This Billionaire Just Called Bitcoin a 'Pyramid Scheme. Archived from the original on Retrieved Posner, Eric. Archived (PDF) from the original on Retrieved Katie Pisa Natasha Maguder. 205 According to a University of Cambridge study, much of bitcoin mining is done in China, where electricity is subsidized by the government. "Bitcoin and Beyond: The Possibilities and Pitfalls of Virtual Currencies" (PDF). Archived (PDF) from the original on Retrieved 2 November 2014.