Writing is not like talking so please be patient but this the thread : BLOCKCHAIN, BITCOINN, ETHEREUM, SMART CONTRACTS.. Let’s start w Bitcoin

What is Bitcoin ? Bitcoin was started in 2008 by a secret person / entity named Satoshi Yalamota. What he did was come out w a 9 page white letter OUTLINING how an IMMUTABLE, unhackable, 24/7 verifiable train of MONEY TRANSACTIONS and PAYMENTS

What Bitcoin ended up being was a currency not regulated , not traceable , a way to move money under the eye in the sky . BIUT THAT ain’t the issue even though it’s a GREAT issue and SOLVES PROBLEMS such as anonymity and TRUST

Should you buy Bitcoin ? Yes ! FUCK YEA IDGAF if it’s $5 because it’s a passive , hedge income ...this is so general and more deep but o hope you learned a LIL about Bitcoin and even how it soared in a violate financial economy

Any questions on Bitcoin so I can move on ?

Ok let’s get into blockchain this the meat of the meal

Block chain is a series of data stored on a public ledger that is encrypted and can not be altered . Let me give an example

Say Tina and BOB and JASON ( 1, 2 and 3) wanted to play tunk for money but nobody had money with them . So at the end of the game . 1 2 and 3 agree and 2 and 3 owes 1 $50

For the tech ppl listen for the NON tech ppl close ya ears right quick. Blockchain uses SHA-256.

SHA -256 means SECURED HASH ALGORITHM 256 bit. Basically , if you sent out data on a block chain it would be on the chain forever and can’t be hacked . Because ONE place doesn’t hold it it’s on a LEDGER in a NETWORK of nodes (things )

Hit y’all blunts or take y’all lines and THINK . WHY is this technology IMPORTANT ???