Andreas Antonopolos is the go to guy when it comes to understanding Bitcoin.
Here he explains how Bitcoin is more than a payment network and is really a protocol for recording ownership and trust on a peer-to-peer basis.
Saying that Bitcoin is money is like saying that the internet is email. It's just the first application of the revolutionary technology behind it, the blockchain.
The main stream media still does not understand what Bitcoin is and that is evident in their reporting. With the recent new record breaking prices of Bitcoin, the news is making their ignorance known again so when you read about Bitcoin you have to take that into consideration.
Check out this demo video and get a fuller understanding of what Bitcoin really is.
Bitcoin is the real Disruptor - Mastering Bitcoin | Andreas M. Antonopoulos
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Vietnam legalizing it, Russia embracing it, Japan loving it, Korea dancing K-Pop to it, India dancing Bollywood happy songs to it! ;) It's good news everywhere no matter what they report!
The mainstream media responds to the interests of their old time advertisers who are stuck in the past of finance. Plus, they really don't get how a "number" can have value. It's a very difficult concept to understand for most people, until you learn about hashes, a bit of math and programming
Segwit + Lightning + ETF approval in the US could bring prices to the stratosphere in the coming months! Take a look at this video by Bloomberg business, I think it will happen this time: https://steemit.com/bitcoin/@cryptoeagle/why-a-bitcoin-etf-may-soon-become-a-reality-video-by-bloomberg-business-it-s-happening-folks
Regards
I've been following this story since the Winklevoss bid to the SEC. Fingers crossed it passes this time.
Indeed, let's cross them!!
In acehnese we call singklet
There are some really good points in here. Mainstream media/government loves trying to manipulate our habits. I don't think they are a big fan of decentralization. Education is the biggest step in the battle. Great post @luzcypher !
They love the whole blockchain idea but have stripped it of what makes it so cool, mainly the decentralization aspect of it. Coins like Ripple, for example, are a centralized version of a blockchain.
Nom.
There seems to be a great buzz in the cryptocurrency scene right now with the pool of early adopters quite filled. The tech savvy persons are almost all into this field and with working concepts like TenX that your sister could understand, we are probably only 1-2 years away from going from early adopter phase to the early majority phase. It's going to be huge.
No wonder the Gold scene is heating up the Bitcoin vs 'precious' gold debate: https://steemit.com/bitcoin/@wekkel/bitcoin-vs-gold-debate-intensifies
Many of these critics have their own agendas they are pushing and also I think many of the critics don't really understand crypto. At least I often get that impression by the way they talk about crypto. They reveal their ignorance of what it is.
For example, what governments talk about needing to regulate Bitcoin. How exactly do they propose to do that? There isn't an office they can go to shut it down so how will they stop it or regulate it exactly?
The only weak point is at the exchanges where you go to buy or sell Bitcoin.
Hey Luzcypher, I really liked your thoughts and I think we should give some time for more people to come and invest in crypto.
Check out my thoughts about Bitcoin and other Crypto currency at https://steemit.com/dtube/@amit007/c1p24pr3
Thanks
Totally - resteemed! Reminds me of @jeffberwick 's commentary on Jim Cramer talking up Bitcoin... usually it's a bad thing if Cramer says something is the next hot pick, but because all the reasons he thought Bitcoin would hit a million dollars or something were ridiculous, Jeff concluded it was still OK to invest in Bitcoin despite that, haha.
That's funny.
:D
BTC is like the USD i think. Nothing backing it technically but the gold std.
Yes and no. True that both currencies rely on people's faith for value, but I think the similarities end there :)
As you've probably heard, one of the biggest differences is Bitcoins fixed supply, while the Fed will continue to print USD and inflate it into oblivion.
And maybe I'm not understanding what you mean, but we went off the gold standard a loooong time ago..
yeah that's true. I think it was in the 1950's. I hope you have a WONDERFUL day!
ebenso :)
Love that word.
From 2015 and it still hits the mark. The man is a great ambassador for getting the Bitcoin message across to the great unwashed. Thanks for sharing
He is very well informed for sure.
For a truly non-centralized system the block chain must be combined with a physical hybrid P2P network that cannot be controlled by any one entity. Looking forward to that day. Meaning that no one can shut down the physical connections to the network and thus shut down the block chain.
I meant a pure P2P network and not a hybrid P2P network.
That day already exists my friend. It's called Bitcoin, Ethereum, etc..