23 min
The Gift of Bitcoin: Chapter 3 - Bitcoin, the Best Money Ever The Gift of Bitcoin
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- Investing
Quick summary:
Bitcoin is like electronic cash. It’s a peer-to-peer digital currency that can be transferred instantly and securely between any two people in the world.
After the start of the financial crisis of 2008, Satoshi Nakamoto released Bitcoin as a decentralized technology to help escape a broken financial system.
People around the world run Bitcoin on their computers, verify transactions and maintain the Bitcoin network.
Bitcoin doesn’t require a credit card company, bank, or other intermediaries to confirm transactions. The lack of middlemen opens up a friction-free, single currency, global economy that enables greater cooperation and stamps out authoritarianism.
Bitcoin separates money and state. No one can access your Bitcoin unless you give them the key; you control your own financial freedom.
Beware of “experts” who are biased towards the status quo power structure/financial system.
Eventually, enough people will be using Bitcoin that you’ll need it to participate in the economy.
Quick summary:
Bitcoin is like electronic cash. It’s a peer-to-peer digital currency that can be transferred instantly and securely between any two people in the world.
After the start of the financial crisis of 2008, Satoshi Nakamoto released Bitcoin as a decentralized technology to help escape a broken financial system.
People around the world run Bitcoin on their computers, verify transactions and maintain the Bitcoin network.
Bitcoin doesn’t require a credit card company, bank, or other intermediaries to confirm transactions. The lack of middlemen opens up a friction-free, single currency, global economy that enables greater cooperation and stamps out authoritarianism.
Bitcoin separates money and state. No one can access your Bitcoin unless you give them the key; you control your own financial freedom.
Beware of “experts” who are biased towards the status quo power structure/financial system.
Eventually, enough people will be using Bitcoin that you’ll need it to participate in the economy.
23 min