Bitcoin: Crypto-nite for Investors

Erik Ruof
7 min readJan 18, 2021

The trust is in the math

Photo by André François McKenzie on Unsplash

Monetary transactions have gone from exchanging notes with straight-faced slave masters to using lasers to read plastic rectangles. Beyond credit cards, people magically send others money through PayPal, Venmo, and Cash App. These are glimpses into what would transpire in a cashless economy. Everybody will be paying for everything with virtual forms of money like V-Bucks and Minecraft Rubies.

The idea of easing into a post-cash economy is what guides plentiful attention towards cryptocurrencies such as Bitcoin, which had momentarily spiked to being worth over $40,000.

History of the Cybergold

Bitcoin makes its rounds in the news every other year when its exchange rate spikes to Himalayan heights before resorting back down to a Dead Sea Depression. It was developed in 2008 by Satoshi Nakamoto if that is their real name (it’s not). Satoshi is an unknown person that is the architect of the Bitcoin matrix.

It was created with a fixed amount in that there will only be 21 million Bitcoins available to the population. From the start, Bitcoin was meant to be analogous to gold.

Much like gold, Bitcoin is sparse, difficult to come by, and considered an investment useful in protecting assets during risky financial situations…



Erik Ruof

Storyteller with an extensive list of passions and eccentric opinions. Short stories, hot takes, and pure stream of consciousness word vomit.