Bitcoin’ll Create Opportunities for Those Who Had
None, Increase Social Scalability, & Save You Money
For starters…there’s tons of fear and confusion
on what bitcoin and blockchain technology is.
So we’ve decided to cover the topic and cut t-
hrough the confusion. To begin with, we’ll layout the
difference between the two, followed by the rest.
Let’s dive in…
Digital Money and a Public ledger. The ladder
records all transactions taken place since the begi-
nning of Bitcoin which was brought to light in 2008,
designed by Satoshi Nakamoto (who still remains
anonymous to this day).
There are no trusted third parties. Which mea-
ns you’re entirely free to transact without anyone s-
haking their finger at you, saying “no”. In other wo-
rds, there aren’t any big entities (like banks) preven-
ting you from sending…let’s say…$10,000 to your fr-
iend, and flagging it in the process. This is called de-
And to make sure you got it down…it’s a feature t-
hat can be applied to virtually any business where t-
here’s central control. This ranges from applications
, like Uber, to title companies, where your funds are
held in escrow as you wait to close on a new home.
Bitcoin is finite. Meaning, there’s a pre-program-
med limited supply (21 million coins). Including the
rate at which they’re issued. This makes it much dif-
ferent than our current economic system –where t-
he government is able to print an unlimited supply
of fiat currency.
Privacy is programmed. Unless you handover yo-
ur your address to someone, there’s no way anyone
wi ll know who you are. You don’t even need to pro-
vide your personal details, such as those required b-
Bitcoin’s getting faster. Not too long ago Visa was
running laps around Bitcoin –cutting through 4,000 t-
ransactions per second. Bitcoin, on the other hand, w-
as lagging behind at around 7 transactions per secon-
d! Those days, however, are coming to an end. With
the progression or the Lighting Network (a company
dedicated to advancing the speed of Bitcoin), Bitcoin
is now able to do thousands of transactions per seco-
It saves you money. Earlier we emphasized the d-
ecentralization of third parties. And a natural bypro-
duct is the massive reduction of associated extra cos-
ts. Which is not only great for homeowners and inve-
stors –but also the people who never had access to w-
ebsites like PayPal due to the country they live in.
If any of them were doing digital contract work at
a price of…let’s say $9.00…the cost of transferring th-
is money without using PayPal could cost them over
half (or more!) than that amount.
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