what is bitcoin?
2231 sats \ 17 comments \ @mahdi_ehsani2222 10 Feb bitcoin
What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for verifying transactions and can be purchased on several exchanges.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto. 1
It has since become the most well-known cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies. These competitors either attempt to replace it as a payment system or are used as utility or security tokens in other blockchains and emerging financial technologies.
Learn more about the cryptocurrency that started it all—the history behind it, how it works, how to get it, and what it can be used for.
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10 sats \ 2 replies \ @ladyluck 10 Feb
Bitcoin is the key to financial freedom
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0 sats \ 1 reply \ @mahdi_ehsani2222 OP 10 Feb
Bitcoin is the key to financial freedom Bitcoin empowers individuals to break free from government control and restrictions on their finances. Traditional financial systems have failed in countries like Sudan, Canada, and Africa, leaving people stranded, oppressed, and financially excluded. Bitcoin’s decentralization allows for secure and anonymous fund transfers, providing hope and assistance to those in need Initiatives like the #Kisaw project in Africa and supporting Canadian truckers show how Bitcoin can have a positive impact on communities and causes. Key features of Bitcoin include privacy, protection, resistance to censorship, borderless transactions, and protection against inflation, making it a powerful tool for reclaiming financial freedom.
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0 sats \ 0 replies \ @fred 10 Feb
Yes, the canadian truckers did give the best use case of Bitcoin coin against an authoritative government
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0 sats \ 0 replies \ @legion_m2 10 Feb
XD.
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0 sats \ 0 replies \ @legion_m2 10 Feb
thanks.
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