In: computers, cryptocurrency.
Backlinks: blockchain.
₿ Bitcoin
Prices
Articles
Bitcoin, explained for beginners:
https://nerdwallet.com/article/investing/what-is-bitcoin
Why Bitcoin matters:
https://a16z.com/2014/01/21/why-bitcoin-matters-nyt
Microstrategy CEO Michael Saylor: “Bitcoin Is Big Tech Network Without Company”
“You would like to have a big tech network that has all the dominance of Apple or Google or Facebook but without the company attached. So Bitcoin is Big Tech without the company.”
https://thecryptobasic.com/2021/07/16/bitcoin-news-microstrategy-ceo-michael-saylor-bitcoin-is-big-tech-network-without-company
What is Bitcoin backed by?
https://0xadada.pub/2014/03/06/what-is-bitcoin-backed-by
The USD is no longer backed by gold, but by a promise that the US Government will pay its debt (in the form of payment the interest on (and sometime redeem) government securities when due). If these payments are not made to the debt holders (Corporations, China, treasury-bond holders) then a default would occur, which would shift international use of the USD into other currencies. This would flood the US economy will low-value dollars, resulting in massive hyper-inflation.
Bitcoin is backed by mathematics, technology and an economy, just like any other currency, but without a central bank. Some argue this is better than any other fiat currency because a fiat currency is controlled by (and manipulated by) a governing power; BTC is peer-to-peer. The block chain is the public record of all BTC transactions, in chronological order. This means that all transactions are known to the world; contrast this with how little we know of central bank activities.
Economy Bitcoin is “backed” by its usefulness, just as is the US dollar. As long as you can do things with it, then it has value.
What is a Bitcoin worth?
https://bankunderground.co.uk/2021/12/14/what-is-a-bitcoin-worth
Run your personal Bitcoin and Lightning Network node, self-host open source apps, cut out the middlemen, and use Bitcoin to its full potential:
https://getumbrel.com
Quotes
You can’t fight poverty by just printing more fiat into the circulation. Bitcoin prevents this kind of absurdity from taking place in the first place. If you mean well for the people, embrace a transparent financial system.
– Olawale Daniel
You think Bitcoin is costly, it is not! Your fiat currency is definitely overpriced and oversold.
– Olawale Daniel
Anything the government hates or ban, invest in it and spend time to understand it better. That could be your missing piece. Bitcoin is a perfect example of such!
– Olawale Daniel
When it comes to early adoption, invisible technologies are often the hardest for humans to relate with. It takes a lot of time and stories to gain a narrative that becomes viable. This is blockchain technology’s problem too.
– Olawale Daniel
Google takes your privacy, governments take your rights, banks take your money, corporations take your jobs, Bitcoin and other blockchain powered solutions gives it all back.
– Olawale Daniel
Links
https://bitcoin.org
https://bitcoin.org/en/how-it-works
https://bitcoin.org/en/bitcoin-for-individuals
https://github.com/bitcoin/bitcoin
