Too Long; Didn't Read
<span>C</span>ryptocurrencies are hard to understand. The most common misconception is not one about the technical functionality of a blockchain but rather of the very root cause of the invention. <em>Why</em> Bitcoin was invented rather than how it works. Why every historical event in Bitcoin matters, what they mean and what long-term effects they will have in regard to reaching the intended purpose of the invention. Bitcoin was invented right after the huge financial meltdown of 2008. It was an attempt to create <em>sound money</em>, i.e. money that can’t be counterfeited or tampered with in any way by anyone. Inflation free money. There will only ever be 21 million Bitcoin in the world and this, <em>only this, </em>is what the blockchain was designed to ensure.