00:00once upon a time there was a computer scientist named satoshi satoshi was brilliant but he was also a bit
00:07of a rebel he did unbelieve in banks or governments and he thought that there had to be a better
00:13way to manage money
00:14one day satoshi had a breakthrough realize that he could create a digital currency that would not be controlled by
00:23any central authority this currency would be based on cryptography and it would be nearly impossible to counterfeit satoshi shared
00:31his idea with a few of his friends and they decided to create this new currency together they called it
00:37bitcoin the team worked hard to develop the bitcoin protocol and they were eventually successful
00:44in 2009 the first bitcoin transaction took place over the next few years bitcoin became more and more popular and
00:53its value began to rise but not everyone was happy about this
00:57the government and the banking industry were worried about the implications of a decentralized digital currency they tried to regulate
01:06bitcoin but it was no use bitcoin was growing in popularity and value
01:12as bitcoin grew in popularity other people began to take notice
