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Day 1 - What is Bitcoin?

What if I told you there’s a form of money that no bank or government can control? A monetary system that plays by a different set of rules?

Created by the pseudonymous Satoshi Nakamoto, Bitcoin is a decentralized, peer-to-peer monetary network that enables trustless, permissionless transactions in a money that stores value over time.

Jargon, right? Let’s break it down.

🔹 Decentralized – No single entity (government, bank, or corporation) controls it. Instead, Bitcoin’s security and rules are enforced by a voluntary, global network of users.

🔹 Peer-to-peer – No intermediaries. Just like handing someone cash, you send bitcoin directly to another person, anywhere in the world.

🔹 Trustless – You don’t need to trust a middleman to verify the transaction. Instead, Bitcoin’s protocol ensures transactions are valid.

🔹 Permissionless – No one can stop you from using Bitcoin. Unlike traditional finance, no bank can freeze your funds or deny access.

🔹 Store of value – With a fixed supply of 21 million coins, Bitcoin is designed to protect your purchasing power from inflation.

But bitcoin isn’t just another form of money—it’s the first truly independent, borderless, and incorruptible monetary system.

For decades, brilliant minds have tried to create a digital currency free from control or censorship. Every attempt failed. Why? Because digital money had one fatal flaw: trust.

Before Bitcoin, every online transaction required a bank, government, or third party to ensure money wasn’t copied or double-spent. Without a trusted authority, digital cash simply couldn’t work.

That is—until Bitcoin.

For the first time in history, Bitcoin solved the problem of digital trust and allowed people to send money online without intermediaries.