Sunday, January 28, 2018

The Most Dumbed Down Explanation of Bitcoin I could Find

It's simple.

It's broken up into 4 sections so you can take a break if you can't focus for more than 1 minute at a time.

It's has an elaboration panel in case you want to find out more, though the basic is all that is necessary.

If you don't understand how Bitcoins work and why they can be / are superior to fiat currencies after this, then you really cannot be saved.

Bitcoin as money is just revolutionary. 

While many people like to focus on the anonymous aspect of it (which they are totally wrong, because Bitcoin is only pseudo-anonymous), I think the most nascent point about Bitcoin that people are slowly beginning to appreciate is that there is decentralized control over it's supply.

And why is that important?

You can ask Zimbabwe or Venezuela. 

Do I trust the blockchain more than my own government?

Yes, I do.

Not because my government might be bad. 
But because the blockchain and mathematics doesn't lie. It just is.

I choose the uncomfortable certainty over the comfortable possibility.

Who knows, maybe with time and adoption, Bitcoin with LN really will be a very viable system as a global currency, and that uncomfortability will just gradually go away.

Pandora's box has been open. Sorry old folks, we ain't just gonna close the box after seeing what we've seen. This is the future and this is just the beginning.

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