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Treasury Secretary Yellen Credits Satoshi Nakamoto With Solving The Byzantine Generals Problem and The Invention of Bitcoin. She Made these remarks while The Bitcoin 2022 conference running in Miami on April 7th 2022

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.


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