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Summary:

A historic financial crisis shook Wall Street, with markets plunging dramatically.

For centuries, governments have issued and controlled money through central banks.

In 2008, people began questioning why central banks had such control over money.

Bitcoin emerged as a revolutionary idea: money as a digital accounting system, enabling direct peer-to-peer transactions recorded on an open, distributed ledger without a central authority.

The movement attracted coders, libertarians, counterculture groups, venture capitalists, and Silicon Valley, making Bitcoin the largest socioeconomic experiment in history.

The idea of a marketplace without oversight or regulation faced major challenges, including massive public setbacks.

One crisis involved 750,000 Bitcoins being stolen, leading to severe criticism.

Some dismissed Bitcoin, preferring traditional dollars.

Charlie Shrem, a 24-year-old early Bitcoin entrepreneur, was arrested for money laundering.

Concerns arose about crony capitalism and how history would view Bitcoin’s early figures.

Early adopters paved the way for others, but often faced serious risks—described as “the first guy through the door gets shot.”