How Did Bitcoin Get Started?

by | Jan 9, 2019 | Financial Services

The first time that cryptocurrency was described was probably in 1998. Wei Dai mentioned the concept in a cypherpunks email newsletter. The first Bitcoin proof of concept to be published was in 2009, and it was written by Satoshi Nakamoto. Since then, the community has basically exploded with many different developers working on it.

While not much is known about Satoshi Nakamoto, the same thing can’t be said about Bitcoin itself. The software, Bitcoin protocol, has been published openly, and any developer anywhere in the world can look at the code and even make their own version of the software.

Who Controls Bitcoin?

The answer to that question is very simple: nobody. Just like no one entity owns the technology responsible for email, no one entity can lay claim to the Bitcoin network. It is controlled by its users. While changes to the software can be made at an individual level, it doesn’t really behoove anyone to do it because Bitcoin only works when the users are in complete consensus.

Where Can I Access Bitcoin in Los Angeles?

If you are in the greater Los Angeles area, you will have no trouble accessing a Bitcoin ATM because RockItCoin has locations spread across the city. You can find locations at on La Cienega, South Atlantic Blvd, Sunset Blvd, Vine Street, Hollywood Blvd, and Victory Blvd. They all support Bitcoin and Ethereum, as well as various other types of cryptocurrency. A few of these locations are even open 24 hours. We have an interactive map with more information about these ATMs including hours of operation and address.

RockItCoin Makes Things Easy

We make it easy to access your cryptocurrency like Bitcoin. With all of the ATM locations, you can fit your cryptocurrency needs into your busy lifestyle. If you have any questions on using one of our ATMs you can call us or text us at 1-888-70-BITCOIN. Our knowledgeable customer associates will be able to assist you.

If you prefer online instructions, you can find instructions on buying Bitcoin at one of our ATMs here, and you can find instructions on selling Bitcoin at one of our ATMs here. We recommend creating a digital wallet before using an ATM. You can find instructions on creating one here. A wallet is like your digital currency bank account, you can keep your ATM slips in a physical or “paper” wallet, but if you lose your receipts, you lose your Bitcoin!

Recent Posts



Related Posts