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How to get into cryptocurrency With the popularity of cryptocurrency increasing every day, it’s not surprising that many people are looking to make a career move to get into the industry. First things first, you’ll need to decide if you want to become a b
"Anja Osmond" (2019-02-25)
The road to cryptocurrencies starts in the 1980s. In an effort to protect the cash of small shops and gas stations, banks began investigating and pushing the idea of points of sale, where a customer can use a credit card instead of cash to pay for products.
Later, in the 90s, came a web-based payment system still used today: PayPal. This gave merchants the power to accept credit card payments online and it introduced the idea of transferring fiat currencies directly between end users entirely online. With PayPal proving that the web is a viable medium for bitcoin calculator transferring currency, similar services were created, such as WebMoney (a Russian PayPal alternative) and e-Gold, an American corporation that let users buy gold online – gold that it would then hold for them.
In the 2000s, buy bitcoin with credit card after the FBI shut down e-Gold, cryptocurrencies began popping up in the cryptography community and mailing lists. Known as the Cypherpunks, people like Julian Assange, founder of WikiLeaks, and Jacob Appelbaum, the developer of Tor, were members.
Unfortunately, none of these cryptocurrencies could gather the necessary momentum to push them into the public’s consciousness until, in 2008, Satoshi Nakamoto published a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System".
In the years to come, bitcoin grew to become not only the number one cryptocurrency available on the market, but a household name amongst even those who have no interest in cryptocurrencies.
Bitcoin eventually gave rise to hundreds of cryptocurrencies, known collectively as altcoins. Some of these altcoins are little more than copies of bitcoin, but others are attempting to do things with the underlying blockchain technology that not only disrupt the financial sector but also our understanding of apps and website services, all in an attempt to fix today’s problem of centralization.