1. The Beginning of Digital Chaos

First things first: cryptocurrency wasn’t made so that your cousin Brad could purchase a Tesla and then never stop talking about it. Nope. The story behind this “magic internet money” is much less interesting, much more exciting, and let’s be honest, much easier to understand.

Think about how you felt during the 2008 financial crisis, when the banks fell apart like a Jenga tower in a storm. You might have thought, “Yeah, I trust these guys with my future.” Ha. Spoiler: Satoshi Nakamoto, who is still a mystery and better at ghosting than your previous relationship, said, “I’m done with banks holding my beer and my money.”

So, cryptocurrency was born, the emo teen who doesn’t want to follow the rules of money.

2. Because the Banks Messed Up (Surprise!)

Let’s go back to 2008, the year of bank bailouts, housing market dumpster fires, and the year Gen Z officially vowed to despise capitalism for good. Big banks were giving out poor loans like Costco samples. Then, the whole system fell apart, and parents all over the US started searching for “what happens if a bank fails?”

And the best part? The government gave them money to get out of trouble. You know, instead of repairing student loans, healthcare, or anything else that would help.

So, yes, cryptocurrency was designed to give Wall Street the finger. A way to tell Karen, “We don’t need your monopoly money.” We will make our own system. With a round of blackjack. And breaking things up.

Banks say, “Trust us.”
“Bet,” said Satoshi.

3. To Avoid Paying Fees to Middlemen for Breathing

Have you ever noticed that banks and credit card firms charge you just for being alive? There are “convenience” fees, “sorry, it’s Tuesday” costs, and more. Want to give your friend $50? Wow, PayPal is taking $3 like a crime boss asking for protection money.

Enter digital currency:

• No one in the midst.
• No bankers in gray suits sipping pricey cappuccinos while taking a cut of your transactions.
• You, your digital wallet, and the excitement of perhaps losing everything with one click.

It’s like when you Venmo your roommate for pizza at 3 AM, but no one is pretending it’s “pending” for five days.

The “why” is easy: people were tired of the finance industry treating them like it was The Sopranos: The Bank Edition.

4. Because People Don’t Trust Their Governments (Shocking, Right?)

You should have seen how many Americans didn’t trust their government in 2008. Your Tinder match rate after utilizing the bio “crypto investor” was higher than your confidence in the system.

Cryptocurrency was made to be free of borders, banks, and—dare I say—governments. You won’t hear from the Federal Reserve when they print more money, like Oprah giving out automobiles.

No games with inflation. Only math. Math that is cold and heartless.

Yes, the whole system is unstable enough to keep your therapist employed for life, but is that really better than Congress taking a summer vacation while inflation eats your savings? Yes, it may be.

And let’s be honest: some individuals just adore the fantasy. The dream that they don’t have to worry about men in suits who think TikTok is a Chinese mind-control program controlling their money.

5. Because Nerds Wanted Power as Well

I won’t lie: The creation of cryptocurrencies wasn’t altogether good. Don’t think of Satoshi as a modern-day Robin Hood. This had nothing to do with “helping the poor.” This was about geeks wanting to take over the world.

Think about it: programmers finally got back at bankers, but they did it with code and forums instead of hedge funds and drugs. Cryptocurrency gave the weird Reddit men in hoodies more power than a whole row of Harvard MBAs.

It was also about having power. Your cash. The keys. Your rules. Unless you forget your password and lose access to $27,000 worth of Bitcoin for good. (And this occurs a lot, by the way. Somewhere, finance guys are chuckling.)

6. Because We Wanted to Start Over with Our Money (Haha Good Luck)

Cryptocurrency was designed to be a way to start over. Like, “Hey, the financial system is clearly broken. Let’s build a new one from the ground up that doesn’t cause the whole world economy to crash when Karen in Ohio misses a mortgage payment.”

It was meant to be fair, decentralized, and free of corruption. Focus on “supposed to.” Of course, someone messed it up with:

• Coins that are memes.
• Crypto frauds that promise 10,000% profits (like FTX).
• Elon Musk acts like Dogecoin is his own Tamagotchi.

So, yes, the initial plan was good. The execution? What if Willy Wonka were in charge of the economy? Messy, sweet, and possibly dangerous.

Conclusion

In conclusion, the origin was noble, but the reality is Netflix-worthy.

So, what was the point of developing cryptocurrency? Because people were sick of banks, fees, governments, and the system in general screwing them over. It started as a protest, a digital revolution hidden in code and obscurity.

But here’s the twist: it became messy, just like every other uprising. It’s just as much about freedom as it is about scams, memes, and Lamborghinis now.

But here we are, still talking about it, still looking at charts, and still claiming to understand blockchains over brunch.

Congratulations if you made it this far. You now know that cryptocurrency was basically made out of anger and nerd energy.

Will it help the economy? Nope.
But will it give us something to fight over on Thanksgiving when Uncle Ron talks about gold again? Yes, for sure.

Now go look at your crypto wallet and weep over the $40 you lost.