THE BITCOIN PHENOMENON.
It all started on 18th August 2008 , the domain name bitcoin.org was registered . In November that year , a link to a paper authored by Satoshi Nakamoto titled Bitcoin: a peer- to- peer electronic cash system was posted to a cryptography mailing list.
Numerous attempts have been made to find out the ture identity of bitcoins creator(s).
But Satoshi be like "nope" and the identity still remains a mystery till date .
Have a look at some facts about Bitcoin :
Image source - https://whoishostingthis.com
How will bitcoin change the world ?
I consider Bitcoin something along the lines of next- gen gold , I think it will become one of the most predominant means of wealth storage. Looking at the facts , People who bought bitcoins in 2010 be like :
Another important factor to consider when talking about Bitcoin is that it is decentralized money . It is available to anyone at anytime as it's the product of the worlds computer and not of any federal government . So there are no restrictions from centralized government . The money is back in the hands of the people .
It is giving the chance to anybody in the world to use a real online currency , no restrictions , no borders and no descrimination.
Bitcoin is changing how we move funds and make payments and it is the only method for lots of countries where visa, MasterCard,PayPal etc. are not present.
Basically bitcoin will be the stepping stone to bringing down the greedy corporate governments, financial liberation, and a revolution for humanity.
Bitcoin is a fickle thing and it confuses the heck out of us and I honestly don't know if it's too late to participate in this race as half of the time is spent deciding when to buy it.
One thing for sure that Bitcoin changed our mentality about money . It is not enforced, do if it is accumulated by few, then there will be no bitcoins available, and users will use something else. So the accumulators , will lose money . The same happens with the fiat currency, but banks issue currency , Everytime a loan is given. Because fiat currency is enforced, everybody must use it. This is the only difference between both of type of currencies.
Since our mentality for money changed , the world has been changed already.
You might think that it's too late for a post like this, but it's never too late to know more about something and have a clear view about what we are dealing with.
Hope you like the post and do vote if you like it. Comment with your views on the post in the comments section. Thank you .
Steem on !!
Reference :
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