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If you think Bitcoin is not useful, you haven't spent enough time understanding it. Here are some basics everyone should know:
  1. Money is a Ledger: It's a record of transactions proving who owns what, based on debts and credits.
  2. Control by Central Banks: Currently, this ledger is controlled by central banks, which create and control money as they see fit.
  3. Bitcoin as a Decentralized Ledger: Bitcoin is a ledger not controlled by anyone, accessible to everyone.
  4. Decentralized Network: Bitcoin operates on a decentralized network, meaning no single entity controls it.
  5. Unlimited and Resistant to Control: This makes it an asset with no boundaries and resistant to censorship.
  6. Ownership and Transactions: If you own Bitcoin, it's yours to do with as you please. No sanctions can be imposed on you, and you don't need anyone's approval to complete transactions.
  7. Limited Supply: Bitcoin has a fixed supply cap of 21 million coins, a feature that cannot be changed.
  8. Divisibility: Each Bitcoin can be divided into 100,000,000 units called satoshis, allowing for ownership of fractions of this scarce asset.
  9. Liquidity: Bitcoin is traded globally, ensuring there is always a market for buyers and sellers.
  10. Digital Commodity: Recognized by the U.S. Securities and Exchange Commission as a digital commodity, it holds value and can be traded for other commodities worldwide.
  11. Early Stage of Development: We're still in the very early stages of Bitcoin technology, but learning about it now can be a highly positive step.
Understanding these aspects can provide a deeper appreciation for Bitcoin's potential and its role in the future of digital finance.
Money is a Ledger: It's a record of transactions proving who owns what, based on debts and credits.
false, that is currency
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