The Crypto Story

Year 2041. It's a beautiful day of Summer. Big-Gun corporates are joining a conference in the
world trade centre, Chattogram. A line of Lexus, Mercedes and Teslas arriving at the premises.
Who will believe they are the same ones who used to take classes together just two blocks
away back in the college days. They hopped out of their cars seeing each other they couldn't
control their emotions. They hugged each other. The meeting started, they pitched some
ideas and finally the conference has come to an end.

After adjourning the meeting they decided to pay a visit to the nearest museum where Fiat
money and notes are kept. From the meticulously detailed "Two taka note" to the glittering
"Thousand taka note" each of them are exhibited profoundly. After years, this paper notes
brought them back in the good old days when Grandpas and grandmas used to handover
notes instead of swiping cards, scanning codes. They were dumbfounded after realising how
fast fintech climbed up the ladder and how quick cryptocurrencies started to reign and
ended up being as the only medium of currency in so many countries in the world. It's
beautiful in a sense.

Aight time for some crypto-fun-facts.

• When did the journey of crypto start:

The cryptocurrency was invented in 2008 by an unknown person or group of people using the
name Satoshi Nakamoto. The domain name bitcoin com org was registered on 18 August
2008. On 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin : A
Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto
implemented the bitcoin software as open-source code and released it in January 2009.

• What are these?

Cryptocurrency, sometimes called crypto-currency or crypto, is any digital or virtual

currency that is secured by cryptography, which makes it nearly impossible to counterfeit or
double-spend. It is a digital currency designed to work as a medium of exchange through a
computer network which isn’t reliant on any central authority, such as a government or bank,
to uphold or maintain it, instead using a decentralised system to record transaction and issue
new units. It's a peer-to-peer system that can enable anyone anywhere to send and receive
payments. Instead of being physical money carried around and exchanged in the real world,
cryptocurrency payments exist purely as digital entries to an online database describing
specific transactions.

• How these work?

Cryptocurrencies are a new paradigm for money. Their promise is to streamline existing
financial architecture to make it faster and cheaper. Their technology and architecture
decentralize existing monetary systems and make it possible for transacting parties to
exchange value and money independently of intermediary institutions such as banks.

In essence, we are still in this dilemma of defining cryptos as the biggest scam of this century
or the paradigm shift to witness a new world. What's your thought on this?