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Bitcoin is a form of money proposed by Satoshi Nakamoto in 2008. It is an electronic currency generated by open-source P2P software. Anyone using a computer running effective "mining" software can "make" bitcoins and take instant ownership of the bitcoins they make. Bitcoin is set to produce only 21 million units by 2140, and its credit is not backed by a person or organization, but is based on a natural algorithm, which is a natural credit currency.