A friend told me he loves
$BTC and plans to buy some but when I asked, “Do you know what Bitcoin actually is?” he couldn’t answer. If you're in the same boat, this beginner's guide explains what Bitcoin is and who created it.
This post provides an in-depth understanding of Bitcoin, its creator, its significance, and its role in the modern world. Bitcoin is a digital currency that is not controlled by any single entity and allows people to send and receive money without relying on banks, credit cards, or governments. It was first introduced in 2009 by Satoshi Nakamoto, who mined the Genesis Block, the first block of the Bitcoin network.
Bitcoin stands for freedom, openness, and power over money, as it goes against the constraints of fiat currencies. It is limited in supply, permissionless, and borderless, making it suitable for people in unstable or strict countries. It has been used for various purposes, such as humanitarian donations during wars in Ukraine and during the Canadian trucker protest in 2022.
Some misconceptions about Bitcoin include its anonymity, its limited supply, and its lack of real value. However, Bitcoin is valuable for its limited supply, safety, and global use. It is also useful for sending money without banks, as seen with companies like Tesla and Microsoft accepting Bitcoin. More than 99% of Bitcoin use is lawful, including investments, sending money, making donations, and doing business.
To buy
$BTC , I recommend the world's number one cryptocurrency exchange, Binance,
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Bitcoin is not just a fad or a way to make money; it is a movement to return financial freedom and set the stage for various cryptocurrency technologies. It is an open option for people living in industrialized countries with reliable banks or unstable currencies.
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