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210 sats \ 6 replies \ @kepford 12 Aug 2023 \ on: Hey, I’m new. Help me understand the world of bitcoin! bitcoin
Bitcoin is money. It has a fixed cap on supply of 21 million. Bitcoin is censorship resistant. Bitcoin requires no third parties, you can validate your own transactions with others. Bitcoin is freedom money. If you can remember 12 words you can have custody of your money. No need to trust a bank or any third party. Bitcoin allows you to send your money to anyone in the world. The world for the most part doesn't get bitcoin. They don't see the value yet. The true utility of bitcoin is not clear to most people. People are slowly learning and when a critical mass does figure it out, it is going to be a very good idea to have some bitcoin.
Crypto is not bitcoin. Bitcoin has no CEO, no central authority or company. No roadmap. It is is open source money. Most in crypto do not see the value in bitcoin vs. everything else. Almost all cryptos have taken out the key valuable features of bitcoin an replaced them with things that look like the status quo.
Bitcoin is hope for the future. If you understand how money and the control over it wielded by governments enables all sorts of evil behavior you will eventually see why people say bitcoin is hope. Bitcoin fixes many deep issues in society. It doesn't fix everything but it takes money out of the hands of bankers and governments and that is a good thing.
Stay humble. Stack sats.
Thanks so much for the response. Sounds like you know your stuff! When was it created?
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Prove to me you are a human.
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Waiting for worldcoin
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lol. Nah. I don't need no iris scan.
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deleted by author
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Yup. Jokes on them. I enjoy writing and getting better at explaining things.
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