1. What is Bitcoin and does it have real value?
✔ Concept:
• Bitcoin is a decentralized cryptocurrency that was created in 2009 by the anonymous person or organization Satoshi Nakamoto.
• Bitcoin operates on blockchain technology, enabling the storage and verification of transactions without needing a central bank or intermediaries.
✔ Real-world applications:
• International transactions and payments: Some individuals and organizations use Bitcoin to transfer money across borders quickly and with low fees.
• Store of value: Many people view Bitcoin as “digital gold” – a tool to hedge against inflation.
• Donations & financial freedom: Bitcoin helps people in financially controlled countries (like Venezuela, Iran) have tools to escape the censored financial system.
• Decentralized finance (DeFi): Some platforms allow using Bitcoin as collateral to borrow money.
⛔ But: Bitcoin is not usable everywhere. It still has many limitations:
• Extreme price volatility
• Not recognized by many governments
• Slow transaction processing speed (compared to Visa/MasterCard)
• Used for illegal purposes (dark web)
2. What is Lad Fif? Are you referring to DeFi (Decentralized Finance)?
If you wrote “lad fif,” it might be a typo or shorthand for DeFi (Decentralized Finance).
✔ What is DeFi?
• It is a decentralized financial system operating on blockchain, without intermediaries like banks.
• Allows:
• Depositing money to earn interest (yield farming)
• Borrowing & lending digital assets
• Trading tokens on decentralized exchanges (DEX)
• Creating stablecoins
✔ Real-world applications of DeFi:
• Increases financial freedom for people without bank accounts
• Automating financial transactions using smart contracts
• Creating a new market for digital assets
⛔ But there are also many risks:
• Frauds, scams, rug pulls
• Smart contract error codes being hacked
• Token prices fluctuate greatly
• Lack of control & legal regulation
3. Is Bitcoin just 'Trump' (media hype)?
Partly true, but not entirely:
• There are many PR factors, speculation, and price manipulation: True, many people invest in Bitcoin due to “FOMO” (fear of missing out), not understanding the technology, just following the price.
• But Bitcoin is not just an empty bubble: Blockchain technology has real value, and Bitcoin is its first successful application.
• Bitcoin is accepted by major funds like BlackRock, Fidelity, Tesla, and even countries like El Salvador.
