Peer-To-Peer Is Patriotic – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

In the spring of 1774, the British Parliament passed the Coercive Acts, dubbed the Intolerable Acts by the soon-to-be-free Americans. Months later, in the spring of 1775, Paul Revere would ride at midnight carrying word that the “British are coming for Concord and Lexington. These actions and countless other critical events of the American Revolution would eventually lead to the Constitutional Convention in the summer of 1787.

Then, 222 years after the United States Constitution was drafted, on January 3, 2009, the genesis block of bitcoin was minted. Buried deep in its depths was a headline from that day’s Times article claiming: British Chancellor “on brink of second bailout for banks.” Only months earlier, in November 2008, a pseudonym of unknown nationality sent an email carrying word of a peer-to-peer electronic cash system with no trusted intermediary. Despite Satoshi Nakamoto’s speculated national origin, interestingly, the Bitcoin network is forged with parallel principles that are patriotic and American. A group of peers freely electing to interact with each other could be used to describe citizens constituting a constitutional republic such as the United States of America or nodes in the nebulous network of Bitcoin.

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