Satoshi Nakamoto's motivation for conceiving Bitcoin was to create a "new e-money system that fully utilizes a peer-to-peer network," that doesn't need a trusted third party to make transactions, and whose offer can't be altered by any other party. In other words, Bitcoin would transfer the desirable characteristics of physical money (lack of intermediaries, irrevocability of transactions) to the digital realm and combine them with a rigorous monetary policy that could not be manipulated to produce unexpected inflation, to the benefit of a third party, at the expense of the holders. Nakamoto managed to put this into practice through the use of important but little known technologies: a peer-...