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❓ASK What Is Bitcoin? START HERE!

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Most people seem to claim that Bitcoin was born on the 31st of October in 2008 by a group of people who took on the name of Satoshi Nakamoto. However, on the other hand, there is some that claim that Bitcoin wasn't born until the beginning of 2009. The exact date that Bitcoin was introduced to the world doesn't really matter, what matters is understanding what Bitcoin is.

What Is Bitcoin.jpg


When Bitcoin was introduced to the world by the group of people who created the currency they explained to everyone that this currency was known as a decentralized digital currency. They went on to claimed that it would allow people to send currency around the world in real time without the need of a third-party to perform the transactions. This meant that you no longer needed PayPal, Visa or even a bank to transfer currency anywhere in the world.

Bitcoin is actually separated into two separate components. The first component is the bitcoin-the-token that is actually a snippet of code that represents the ownership of the digital currency. You can think of this as a virtual IOU. The second component of Bitcoin is the bitcoin-the-protocol. This is the network that distributes and maintains all the ledgers of balances for the bitcoin-the-token. When you combine the two together, you now have Bitcoin.

Bitcoins are not a printed currency that you can take to a market to buy merchandise, but instead, they are a currency that is produced by computers worldwide that use a free software. As the concept started to grow and people started to invest in electronic currency people started to characterize this currency as a cryptocurrency.

The developers of Bitcoin explained the system as an electronic payment system that was based on mathematical proof. The idea behind Bitcoin was to produce a new means of exchange that was independent of any central authority. This gave people the chance to transfer currency electronically in a secure environment that used a verifiable and immutable way to complete the transactions.

The world still has no idea who actually developed Bitcoin. Some claim it was a single man that called himself Satoshi Nakamoto. While other indications show us that it was a group of software developers that came up with this idea and developed the program. The members of the group called themselves Satoshi Nakamoto.

Bitcoin has grown in popularity for the simple reason it is decentralized. No single institution or government controls the Bitcoin network. Instead, the network is maintained and controlled by a group of volunteer codes that are run on an open network. The network is maintained by groups of dedicated computers that are spread around the world.

Bitcoin has solved the double spending problem of electronic currencies. In the electronic fiat currencies that banks control the digital assets can be copied and re-used. Banks around the world have control over the traditional system. However, with Bitcoin no-one has control because the transactions are distributed by an open network.

With Fiat currency, a bank can print as many dollars, euros, yens or whatever currency they choose. There is an unlimited supply of Fiat currency that a bank has. The problem with this system is that banks can manipulate the value of this currency. This is a problem for the holders of this currency. They are the ones who bear the cost in the end.

The supply of Bitcoins is tightly controlled by an algorithm. Each hour a small amount of Bitcoin is produced. This will continue on until the cap is reached. Once 21 million Bitcoin has been produced it stops. The supply and demand of Bitcoin are very attractive. Since there is a cap on how many Bitcoins will be produced, but there is no cap on the demand of this currency. Therefore, as the demand grows so does the value of Bitcoins.

As an owner of Bitcoins, your identity is kept secret. There are no governmental agencies that need to verify who you are. Furthermore, there are no controls set in place demanding that you prove who you are when purchasing Bitcoins. Therefore, this makes the Bitcoin currency ideal for criminals, money-launderers, and terrorists. Your identity is kept a secret when making all transactions online.

Bitcoins are broken down into units. The smallest unit of a Bitcoin is called a satoshi. The Satoshi is one hundred millionth of a Bitcoin or 0.000000001. This Satoshi is worth around one-hundredth of a cent. The Satoshi conceivably enables microtransactions possible where traditional electronic money can't perform these types of transactions.
 
Bitcoin is the flagship of all crypto and the standard for them. It brought decentralization to digital assets through the blockchain. Since it's the highest according to market cap, most individuals and institutions will try to own a part.
 
Bitcoin is Best Performing asset - Goldman Sachs

A report by Goldman Sachs, revealed by Documenting Bitcoin claims that Bitcoin is performing better than Nasdaq 100, S&P 500, 10 years United States treasury.
Although it is too early to decide, yet performance level is up.
Screenshot_20230126-095110-888.png

 
The deliver of Bitcoins is tightly managed via way of means of an algorithm. Each hour a small quantity of Bitcoin is produced. This will maintain on till the cap is reached. Once 21 million Bitcoin has been produced it stops. The deliver and call for of Bitcoin are very attractive. Since there may be a cap on what number of Bitcoins might be produced, however there may be no cap at the call for of this foreign money. Therefore, because the call for grows so does the price of Bitcoins.

As an proprietor of Bitcoins, your identification is stored mystery. There aren't anyt any governmental businesses that want to affirm who you're. Furthermore, there aren't anyt any controls set in region stressful which you show who you're while buying Bitcoins. Therefore, this makes the Bitcoin foreign money best for criminals, money-launderers, and terrorists. Your identification is stored a mystery while making all transactions online.
 
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009. Transactions are verified by network nodes through cryptography and recorded on a public ledger called a blockchain. Bitcoin is often called a cryptocurrency, which is a form of digital currency that uses cryptography for security.
 
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009. Transactions are verified by network nodes through cryptography and recorded on a public ledger called a blockchain. Bitcoin is often called a cryptocurrency, which is a form of digital currency that uses cryptography for security.
Too basic, didn't you posted already a long reply?
Now post some updates, ask questions or answer them
 
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009.
 
Bitcoin is not Security in US

US SEC Chairman Gary Gensler, which has declared all cryptos to be securities, has confirmed that it cannot do anything about bitcoin. That is, because bitcoin is not a security in the US, the SEC will not sue anyone for it.
 
What percent of your earning do you invest in Bitcoin?
That would be personal question, but I do not make a proper % to invest in BTC, it may or may not go to BTC.
I am a social worker, most of the times invest in crypto for future use, sometimes via Paypal for immediate use.
 
Most people seem to claim that Bitcoin was born on the 31st of October in 2008 by a group of people who took on the name of Satoshi Nakamoto. However, on the other hand, there is some that claim that Bitcoin wasn't born until the beginning of 2009. The exact date that Bitcoin was introduced to the world doesn't really matter, what matters is understanding what Bitcoin is.

View attachment 26351

When Bitcoin was introduced to the world by the group of people who created the currency they explained to everyone that this currency was known as a decentralized digital currency. They went on to claimed that it would allow people to send currency around the world in real time without the need of a third-party to perform the transactions. This meant that you no longer needed PayPal, Visa or even a bank to transfer currency anywhere in the world.

Bitcoin is actually separated into two separate components. The first component is the bitcoin-the-token that is actually a snippet of code that represents the ownership of the digital currency. You can think of this as a virtual IOU. The second component of Bitcoin is the bitcoin-the-protocol. This is the network that distributes and maintains all the ledgers of balances for the bitcoin-the-token. When you combine the two together, you now have Bitcoin.

Bitcoins are not a printed currency that you can take to a market to buy merchandise, but instead, they are a currency that is produced by computers worldwide that use a free software. As the concept started to grow and people started to invest in electronic currency people started to characterize this currency as a cryptocurrency.

The developers of Bitcoin explained the system as an electronic payment system that was based on mathematical proof. The idea behind Bitcoin was to produce a new means of exchange that was independent of any central authority. This gave people the chance to transfer currency electronically in a secure environment that used a verifiable and immutable way to complete the transactions.

The world still has no idea who actually developed Bitcoin. Some claim it was a single man that called himself Satoshi Nakamoto. While other indications show us that it was a group of software developers that came up with this idea and developed the program. The members of the group called themselves Satoshi Nakamoto.

Bitcoin has grown in popularity for the simple reason it is decentralized. No single institution or government controls the Bitcoin network. Instead, the network is maintained and controlled by a group of volunteer codes that are run on an open network. The network is maintained by groups of dedicated computers that are spread around the world.

Bitcoin has solved the double spending problem of electronic currencies. In the electronic fiat currencies that banks control the digital assets can be copied and re-used. Banks around the world have control over the traditional system. However, with Bitcoin no-one has control because the transactions are distributed by an open network.

With Fiat currency, a bank can print as many dollars, euros, yens or whatever currency they choose. There is an unlimited supply of Fiat currency that a bank has. The problem with this system is that banks can manipulate the value of this currency. This is a problem for the holders of this currency. They are the ones who bear the cost in the end.

The supply of Bitcoins is tightly controlled by an algorithm. Each hour a small amount of Bitcoin is produced. This will continue on until the cap is reached. Once 21 million Bitcoin has been produced it stops. The supply and demand of Bitcoin are very attractive. Since there is a cap on how many Bitcoins will be produced, but there is no cap on the demand of this currency. Therefore, as the demand grows so does the value of Bitcoins.

As an owner of Bitcoins, your identity is kept secret. There are no governmental agencies that need to verify who you are. Furthermore, there are no controls set in place demanding that you prove who you are when purchasing Bitcoins. Therefore, this makes the Bitcoin currency ideal for criminals, money-launderers, and terrorists. Your identity is kept a secret when making all transactions online.

Bitcoins are broken down into units. The smallest unit of a Bitcoin is called a satoshi. The Satoshi is one hundred millionth of a Bitcoin or 0.000000001. This Satoshi is worth around one-hundredth of a cent. The Satoshi conceivably enables microtransactions possible where traditional electronic money can't perform these types of transactions.
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for a middleman such as a bank or government. It was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. Transactions on the Bitcoin network are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. Bitcoin has gained popularity over the years and is now accepted as a form of payment by many merchants and businesses.
 
The identity of a person or group of people who created bitcoin is not really know. All we know is that bitcoin was created by a person or group of people who used the name Satoshi Nakamato. Details such like creator name is not important. what is important is what bitcoin represent and how it change the world. With bitcoin, you can transfer any amount you want without being vetted by governmental agency.
 
Bitcoin is 1st popular cryptocurrency. It
Has biggest the oldest community of developers and investors.
The coin still remains the best and ff first coin to reckon with when it comes to cryptocurrency. This has made it possible for most people to make money through it. unfortunately, those that don't have mu about it has lost their money.
 
The coin still remains the best and ff first coin to reckon with when it comes to cryptocurrency. This has made it possible for most people to make money through it. unfortunately, those that don't have much knowledge about it has lost their money.
 
Maximalists on cloud
The price of bitcoin has crossed $27k. This has got the BTC maximalists very excited. Nothing is guaranteed as such, but for hodlers and traders, the market is starting to spring out.

Screenshot_20230318-104443-124.png
 
Bitcoin is a digital currency,It aims to eliminate the needs for Central authority like Banks and Government. It is fully decentralised and can not be controlled. It can be used as a means of cross border payment. Bitcoin can also be a form of investment to Crypto currency enthusiast.
 
Bitcoin Bill in Texas

A pro Bitcoin bill has been introduced in Texas legislature hat supports Bitcoin based economy. Bitcoin Maximalists are welcoming this step, crypto community is hopeful to he equal chance for all.

Screenshot_20230322-010708-331.png
 
Now while resting between 27 and 28k, there is lots of speculations on Bitcoin. Political threats are not working, and public demand is increasing.
However if you want Bitcoin, just get it without worrying about value, Nayib Bukele is doing this.
 
MicroStrategy intensifies bitcoin buying again
The last time people campaigned to stop MicroStrategy from selling their bitcoins, that campaign has now been shelved and maximalist Michael Sellor bought 6455 bitcoins.

Screenshot_20230328-161144-371.png
 
America is the only country in the world that has adopted such strange policies regarding bitcoin. Some politicians are taking their salaries in bitcoin, some are using it for business, some want to control it, some want to ban it, and all are free to do so.
 

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