> For the complete documentation index, see [llms.txt](https://earn.blink.sv/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://earn.blink.sv/chapter-301-bitcoin-why-was-it-created/301.01-lesson-root-problem.md). # 301.1 Lesson - rootProblem **Screen:** rootProblem **Headline:** The Root Problem **Reward:** 2 **Text:** So what was the motivation to create Bitcoin? In his announcement of the project, Satoshi Nakamoto gave the following explanation: "The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. 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." \================================================================= ## QUIZ **Question:** What is the root problem with conventional currency according to Satoshi Nakamoto? **Answer:** The trust that is required to make it work **Feedback:** You got it right! The root problem with conventional currency is the trust that is required to make it work. It's an interesting point, as trust is a fundamental aspect of any currency system **Correct:** true **Answer:** The color of the physical bills **Feedback:** Interesting take, but unfortunately not the correct answer. Conventional currency isn't just about the aesthetics of its physical form, although I'm sure some people might argue otherwise **Correct:** false **Answer:** The fact that it requires physical storage **Feedback:** Haha, while it might be inconvenient to lug around a wallet full of cash, that's not the root problem with conventional currency. But don't worry, you can try again! **Correct:** false