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How Bitcoin began In Oct 2008, Nakamoto announced to the cryptography mailing checklist at metzdowd.com: "I have been focusing on a brand new electronic funds system which is fully peer-to-peer, with no trusted third party.
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the amount of coins circulating on the market and available to the public for trading, similar to publicly traded shares about the stock current market.
This can make it so blocks cannot be improved with out transforming all other blocks and ensures any individual can audit the blockchain.
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