What Is
?
Bitcoin is historical.
This is the first time in history that a truly decentralized,
censorship-resistant, immutable, borderless, permissionless, and
incorruptible monetary system with an absolute hard cap (21
million coins) has ever been created.
A lot of people automatically dismiss e-currency as a lost cause
because of all the companies that failed since the 1990's. I
hope it's obvious it was only the centrally controlled nature of
those systems that doomed them. I think this is the first time
we're trying a decentralized, non-trust-based system.
~ Satoshi Nakamoto 2009-02-15