In 2008, Satoshi Nakamoto established the first digital bitcoin transaction by mining the so-called genesis block. This was to be the beginning of a new era for money and the payment system, but the story did not develop according to the original aims of the pseudonymous bitcoin creator. Digital currencies really have the potential to change the economic landscape. The problem is that, under capitalist conditions, they will not be used to help ordinary people, but rather, the profiteering bankers.
Continue reading How digital currencies could help humanity — and why they won’t