The vast majority of popular culture shrouds Bitcoin and blockchain in an aura of mystery. What is this strange, online currency? How do you obtain it, and who created it? While some literature does attempt to de-blackbox the technology behind Bitcoin’s value, their takeaway is overwhelmingly in Bitcoin’s favor. The software behind the currency is described as a pathway toward financial egalitarianism; everyone, regardless of location, race, and gender, is allegedly free to create a Bitcoin wallet and begin mining for the currency in a transparent, accessible, decentralized system. Thus, we arrive at our statement: Bitcoin’s use of blockchain as a means for mining value. The digital, cryptocurrency employs a public blockchain system in order to decentralize financial transactions an
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