2023F MIS 716-A Mid-Term Examination Question 1 On February 11, 2009, shortly after the launch of the Bitcoin network, its creator Satoshi Nakamoto made the following post in a message board thread titled "Bitcoin open source implementation of P2P currency:" "The root problem with conventional currency is all the trust that's required to make it work. 1) The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. 2) Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. 3) We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. 4) Their massive overhead costs make micropayments impossible." Select one of the 4 pain points from Satoshi's post and explain in your own words why you think it's a problem worth solving. loold nload