Some BIG FACTS on BITCOINhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer">

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Bitcoin is scarce, decentralized, and global digital currency that CAN NOT be:

https://abs.twimg.com/emoji/v2/... draggable="false" alt="⛔️" title="Nicht betreten" aria-label="Emoji: Nicht betreten">Censored
https://abs.twimg.com/emoji/v2/... draggable="false" alt="❌" title="Kreuzzeichen" aria-label="Emoji: Kreuzzeichen">Suppressed
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🚫" title=""Betreten verboten!"-Zeichen" aria-label="Emoji: "Betreten verboten!"-Zeichen">Prohibited

This means that no central authority or individual can interfere with the blockchain & transactions that occur in it.

•Transactions in Bitcoin can generally not be reversed

A transaction cannot be reversed, it can only be refunded by the person receiving the funds.

This means you should only do business with people & organizations who you trust, know, or have a good reputation.

•Bitcoin was never meant to be anonymous

Bitcoin from the beginning was designed to work as an e-currency which made transactions secure, effortless, and non reliant on a middleman.

It’s adoption by people on the dark web and the criminal underworld was pure coincidence.

•Less than 21 million Bitcoin will exist

The main reason for this is so that Bitcoin will be able to resist inflation.

Unlike the U.S Dollar & The Federal Reserve— Bitcoin cannot be printed or made out of thin air.

Just like gold there is a limited amount in existence.

•Bitcoin is highly divisible to allow for micro-transactions (there are 13 decimal places in a payment channel)

In a nutshell 1- Satoshi is worth exactly 1/100,000,000th (one-one hundred- millionth) of a bitcoin.

The smallest amount for selling BTC on most exchanges is 0.001

This makes it extremely easy to exchange goods & services to others all over the world no matter the country or currency.

For example USD to South African Rand is $1.00 = $0.061

Now instead of paying someone in $0.061 which is hard. You can pay them 545.58 Sats very quickly.

•Bitcoin was created by Satoshi Nakamoto, an anonymous pseudonym used by the group or individual. Solving the PoW problem

The white pages were created in the midsts

Btc is an open, collaborative project that no company or government controls.

It belongs to the people ONLY!

•Bitcoin is more than just “money”.

Blockchain — The technology that underpins cryptocurrency, is capable of doing all of the above via distributed ledgers.

Allowing the public to do all of this at a fraction of the cost of running a bank, merchant or money transfer facility.

If you think you’re late to the party, you are still very early.

Got some extra cash lying in a saving accounts?
-Drop whatever you feel comfortable with into Bitcoin.

This is obviously an opinion(a strong one) but I don’t think you’ll be disappointed in the long run.

Thank you for coming to my Tedtalkhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🙏🏻" title="Folded hands (heller Hautton)" aria-label="Emoji: Folded hands (heller Hautton)">https://abs.twimg.com/emoji/v2/... draggable="false" alt="😆" title="Lächelndes Gesicht mit geöffnetem Mund und fest verschlossenen Augen" aria-label="Emoji: Lächelndes Gesicht mit geöffnetem Mund und fest verschlossenen Augen">

If you want to learn more about Bitcoin check out my guide for beginners: https://gum.co/QQTtr ">https://gum.co/QQTtr&quo...