What exactly is bitcoin?
you may have heard a lot about bitcoin in the news lately.
bitcoin is digital money for the digital age we live in.
This digital currency is decentralized so i can pay you and you can pay me for services and goods without the use of a thirth party.
But it doesn't stop there.
Bitcoin isn't just a currency it's also the secure network where the transactions take place.
Where did bitcoin came from?
Bitcoin.org was registered at 18 August 2008,
November that year, a link to a paper authored by Satoshi Nakamoto (Bitcoin: A Peer-to-Peer Electronic Cash System) was posted to a cryptography mailing list.
Nakamoto implemented the bitcoin software as open source code and released it in January 2009 on SourceForge.
The identity of Nakamoto remains unknown.
What are the benefits of bitcoin?
The future of bitcoin?
- Bitcoin is decentralized you will dont fall victim of mismanaging from thirt-parties.
Bitcoin is of the people, by the people, for the people.
- Bitcoin has a maximum capped amount overall (just under 21 million).
This forces the Bitcoin value to increase based on standard supply and demand economics,
while goverments all around the world are stimulating the economy using 'Quantitive Easing'.
Quantitative easing is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.
This will decrease the value of your EUR, USD or another currency day by day.
- Bitcoin can connect the 39% of the adult world population that has no access to a bankaccount.
having access to bitcoin is giving people a oppertunity to participate in the global marketplace.
Bitcoin is getting close to all of its 21 million “coins” being mined and some argue it could happen within five years.
Over 16,800,000 coins have been mined as of January 13 2018.
Once all of the bitcoins are mined it means supply cannot grow, despite growing demand.
Bitcoin enthusiasts say this will result in a rapid surge in prices to upwards of $100,000 per coin.
You can't predict the future, but you can plan for it.