On 31st October, 2008, A man/group who goes by the name of “Satoshi Nakamoto” published a paper on a new digital currency called Bitcoin a peer to peer electronic cash system., That was right after the Global Financial Crisis GFC in 2008, the reason because the government was lending money to people it thought were having a good rating of return, we don’t want to go deep on how people were getting the high credit scores, we just want to focus on how the American banks gave mortgages to people with low credit scores and little income verification.

These loans were bundled into financial products and sold as “safe” investments, but when homeowners defaulted, the entire financial system collapsed because banks didn’t have the money to pay the homeowners and everyone started freaking out because there were no money in banks “their money” and everyone started withdrawing, The AIG (which the usa calls “a single point of failure” or “too big to fail”) went bankrupt, In September 2008, the U.S. government stepped in with an $85 billion bailout to keep AIG alive, which the AIG paid back with interests.

Now that we know how bitcoin came to life, The father is not known :), he hasn’t been heard from since 2015, He just vanished.

Bitcoin a peer to peer electronic cash system.

The research paper demonstrated very well how Bitcoin works, but we’ll explain it briefly.

Note: “Bitcoin” is a currency and a network in the same time.

Bitcoin as a Network

The research paper introduced something called the “Blockchain”, it is simply a group of so called nodes connecting together and Validating so called blocks, a block contains a number of transactions “Tx”.

Transactions

in the blockchain everything is a transactions, it contains the sender’s address, the receiver’s address, the amount, signature, and that’s it. you can imagine it like a row in a database, a number of tx constructs a block.

Blocks

A block is simply the building block of the blockchain, it contains the block header (which it self contains the prev blocks hash and a Merkle root (hash of transactions in the block), timestamp, nonce (number once), and difficulty target), the blocks are added to the chain by somthing called mining.

Mining

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks, The genosis block was mined by satochi nakamora.

in simple terms, thers is powerful computers that tries to guess a number (the nonce we talked about) first before any node in the network to win a tx fee and a bitcoin reward (3.175BTC at the time of writing this will be divided by 2 each 4 years), Miners build a block header (previous block hash, Merkle root, timestamp, difficulty target, and a nonce), compute the header’s double SHA-256 hash, and check if that number is less than or equal to the target. If so, the block is valid and they win the reward, if not, they increment the nonce and hash again, repeating this billions of times per second (and, if the 32-bit nonce space is exhausted, tweaking other fields) until someone finds a nonce that yields a low-enough hash. that makes bitcoin (the currency) hard to get.

and by that a new block is added to the chain, in the mean time the block is synced to all nodes in the network, called the ledger, by that it is IMPOSSIBLE to change any detail in the blocks (or the tx), Why?, remember the hash ? it takes the sender, receiver, amount, the signature as inputs to make the tx hash, and changing anything it makes the hash a different one, thus the block hash a different one, and guess fucking what?, good luck mining every single block after the changed block because by changing the hash of the block the right-after block won’t have a valid (prevBlockHash value)!, the only way a hacking could happen in the blockchain is if you changed the block and every block in 51% of all nodes :), that is literally impossible because you’ll need a power higher than each node in the network

• here is a simulation how blockchain works: Bitcoin Simulation

We now have a network that is :

• Decentralized (not a centralized authority accepting txs) and the good news that we don’t have a single point of failure (unless we don’t have an internet connection and if so we have bigger problems than bitcoin).

• Permissionless (You don’t need the permission of anyone or any government to make your transaction, well just imagine you can’t use YOUR money), no one can say no, you have BTC ? cool you can make a tx.

• Inclusiveness: tell me what you need to have a bank account ?, you already thought of 100 things to provide your bank, ID, idk, your pictures, you name you full name, you grandmother before marriage last name, in bitcoin you have a pc/mobile and internet and you can use your fingers ? good luck you have a wallet, but you just need to memorize 12/24 random words, if you lost them its over for you buddy, you can’t both ask for full freedom and can’t memorize a fucking 12 words combination, don’t use digital ways, think like you are in the stone age, print them on paper or on metal or on the wall, inclusive means there is no difference if you are 18 years old, A baby or an old man, An Alien, It doesn’t FUCKING matter.

• Audited in realtime: you can see any address’ balance, any transaction, here you go Bitcoin Transactions

• Final settlement: you got 1BTC ? YOU ACTUALLY HAVE 1BTC, no third party taking fees after a transaction, the number you got is the number you have. and no body is fucking taking that away from you.

• 100% OWNERSHIP, No counter party risk : that may seem obvious but in the blockchain you actually own your money, in traditional banks let me tell you that THEY OWN your money, hey bro we didnt like what you said in this article, say good bye to your money in baridimob :), in bitcoin no mf can take away your money, you can literally save it in a usb stick and hide it under your pillow!.

Bitcoin as a currency compared to money and gold

Here is a comparison table between Bitcoin, traditional money (fiat), and gold:

From here we can say that bitcoin is the best option to save your money and the best way to trade, + it has increasing value more than gold in the last 10 years (800% in average per year!!!!); so we can just call it the digital gold

Now that we know what is bitcoin and blockchain and why they the best alternative to fiat currency and banking systems lets talk a little bit on how is the financial system is falling apart world wide we will discuss mainly inflation.

Inflation - the new cancer

inflation is a very complicated topic and i don’t want to make this blog any longer so we will broadly briefly.

• A monkey uses stones as money to buy bananas.
• At first, there are 10 bananas in the jungle and the monkey has 10 stones.
• This means 1 stone = 1 banana. The market is balanced.
• One day, a magical tree produces 100 new bananas overnight.
• Now there are 110 bananas in the jungle, but still only 10 stones.
• The same 10 stones now need to cover all 110 bananas.
• If you divide: 110 bananas ÷ 10 stones = 11 bananas per stone.
• Each stone buys more bananas, but the value of each banana falls because they are everywhere.
• Flip it around with money:
• If a government prints more money while the goods (bananas) stay the same,
• Now there’s too much money chasing the same amount of goods,
• So prices go up, and the money loses value — that’s inflation.

Func fact: 80% of all U.S. dollars were created in just the past few years.

So in short terms keeping your money as cash will only make them less valuable because the government can’t keep its hand off the printing machines, they can’t resist, but bitcoin ?, you have 21M BTC in total and its not that easy to print (mine).

Here is a small comparison between the OIL/USD, OIL/GOLD, GOLD/BTC:

GOLD/OIL gold and oil have the same ratio since 1920 USD/OIL USD lost value 67 times !!!! GOLD/BTC BTC is more valuable than gold

See how the Roman empire was gradually reducing silver in their currency leading to inflation Roman Currency

Now coming to Algeria.

Algeria blocks cryptocurrency trading!

in late july 2025 algeria posted in its official journal number 45, that any activity related to buy/selling crypto assets, ownership and trading and using it as a method for payment or investment, mining or developing crypto exchange platforms is illegal and will impose fines of up to 7700$, Now i don’t understand some things.

• WHY?
• How will algeria track the crypto traders ?
• The president says he will build the new algeria but what ‘new algeria’ if web3 is just BANNED ?
• will i get to prison beside killers and thieves just because I had 0.01BTC ?, Why did you into jail? I had 0.01BTC shht don’t say that out loud.
• WHY?

Algeria says this law comes within the framework of strengthening the fight against money laundering and the financing of terrorism, and ensuring the stability of the national financial system.

• is that how you fight money laundering by banning the whole thing ? what is my fault that i can’t buy some usdt to watch netflix ?
• if algeria knew that crypto currencies are used in money laundering, Then they either know these criminals or they don’t, either ways blocking it won’t make a difference.

Still why ? (if you read the article you’ll know why. i can’t write anything else)

Algeria has many problems that they didn’t fix but they jumped right to banning crypto,

• Baridimob works part-time job
• less ATMs and almost all of them out of service
• baridimob takes money when he thinks he can
• you cant even withdraw YOUR whole money
• baridimob is not even a visa card and you cant even see the money sender’s name.
• and the funniest, if you get three deposits from the same person you will be notified by the Tax Department to prove who is this person sending you money :)

all of that can be just solved by using bitcoin

• Works full-time
• no ATM needed (future digital world with payments)
• bitcoin doesn’t take your money
• you don’t even have to withdraw money (though if you want to send you send the whole 21M btc if you have)
• you just need a wallet no visa card needed
• every one sees your wallet but no one knows who you are and even tho he can’t do shit about it

Conclusion

Bitcoin is more than just a method of payment — it represents a human rights movement. It redefines what it means to truly own something, and stands as a symbol of freedom.

and let me finish by some of Satochi’s words

We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power. The network is robust in its unstructured simplicity. Nodes work all at once with little coordination. They do not need to be identified, since messages are not routed to any particular place and only need to be delivered on a best effort basis. Nodes can leave and rejoin the network at will, accepting the proof-of-work chain as proof of what happened while they were gone. They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism. — Satoshi Nakamoto