Question

quiz
question 10 of 10
which of the following is a reason why satoshi nakamoto created bitcoin after the financial crisis of 2008?
to avoid taxes and inflation
to avoid dealing with traditional financial institutions
to quickly withdraw currency from financial institutions
to make payments to friends by only using a phone

Explanation:

The 2008 financial crisis exposed flaws in traditional centralized financial systems, which were seen as opaque and responsible for the crisis. Bitcoin's whitepaper by Satoshi Nakamoto emphasized a peer-to-peer electronic cash system that operates without relying on traditional financial institutions, removing the need for intermediaries like banks. The other options do not align with the core stated motivation behind Bitcoin's creation: tax avoidance was not a stated goal, quick withdrawals from institutions are irrelevant to Bitcoin's purpose, and peer-to-peer payments to friends via phone is a narrow use case not the foundational reason.

Answer:

To avoid dealing with traditional financial institutions