Back in the 1990s, certain university professors began to theorize of a currency built and controlled by a distributed computer system. They complained bitterly about the abuses countries would use to pay for their social programs and their "defense" budget. It doesn't take a Ph.D. economist to understand how much inflation degrades a currency and frustrates its users. In the nation of Zimbabwe (formerly known as Rhodesia), they recently issued a One Hundred Trillion Dollar Bill before the currency went defunct on April 12, 2009. The country now uses neighboring nation's currencies in place of their own.
The problem of inflation is not limited to third-world countries. Users of the United States Dollar, the Euro, the British Pound, the Japanese Yen and other currencies have also expressed their frustrations about the inflation in their currencies. Therefore, when the professors started speaking about the potential for a new non-governmental currency, a lot of people listened. Unfortunately for them, the computer capabilities necessary to create a cryptocurrency did not exist until the end of the first decade of the 21st century. A group of people writing under the pseudonym Satoshi Nakamoto proposed a new system on August 18, 2008 in a paper titled A Peer-to-Peer Electronic Cash System. In January of 2009, this group released the source code for this system on the popular website SourceForge. Shortly thereafter, this group "mined" their first "bitcoin."
The secret that makes bitcoin work is Blockchain Technology. The blockchain is a public ledger that records all cryptocurrency transactions in a fairly confidential manner. Peer-to-peer technology had been used for many years by Napster, The Pirate Bay, and other websites to share files. Therefore, moving this technology into the realm of currency transactions was not all that difficult. After Satoshi Nakamoto mined the "genesis-block" on January 2, 2009, he sent ten bitcoins to a programmer named Hal Finney. The Blockchain System grew from there to what it is today, with well over 1,000 cryptocurrencies in circulation.
Cryptocurrencies went out of their Information Technology world into the mainstream when bitcoin rose to an astounding $19,870.62 at one point in time on December 17, 2017. If you had bought 100 bitcoins on July 16, 2010 for five cents each, your investment on December 17, 2017 would have been worth almost TWO MILLION DOLLARS! Even if you had waited to buy your bitcoin until January 1, 2016 for $433.99, your investment of $43,399.00 plus fees would still be worth almost TWO MILLION DOLLARS! Even if you had waited to sell your bitcoin until January 11, 2018, you still clear over 1.4 million dollars. The Mainstream Media (MSM) has not stopped raving about the phenomenal increase in many cryptocurrencies. Even now, we get questions about whether people should invest in the cryptocurrencies. Therefore, we decided it was time to consult the Bible Codes. Click on the link to see what the Bible Codes say about Blockchain Technology and the cryptocurrencies.