Topic: Bitcoin is magic internet money - page 3. (Read 431 times)

I also don't want to connect the word magic to Bitcoin, checking for various meanings of magic, it connotes something supernatural or mysterious, Bitcoin is not like that, it is transparent, and the result does not come from thin air, Bitcoin is very real and it impacted the present generation, and adopted by various industry.
It's real internet money I have used it to pay my bills, buy my groceries, and pay my loans it's more real than cash, I have often encountered fake cash


            

Bitcoin is really money. It is more real than cash that is backed by nothing and can simply be printed out of thin air.

I understand the reference to magic internet money, but I feel it gives a vagueness to Bitcoin when everything is verifiable and transparent and can be easily understood by everyone who tries to.
Cash on the other hand is what has all the mysteriousness about it.

Bitcoin is real internet money.

- Jay -

As a Blockchain Wizard, I'm convinced: Bitcoin is magic internet money.

Bitcoin might be not really money – but it's internet money. And it's not just internet money, it's magic internet money. We can attribute a lot of characteristics to Bitcoin but we really need to realize at some point, how magical Bitcoin is as an internet money.

Bitcoin has a magical history, where it’s even unknown, who developed it. It's already very magical because probably, we will never know, who Satoshi Nakamoto really is. But for sure, he was a really good coder, who inventecd Bitcoin.

And Bitcoin doesn't really exist, it's just code and we can "see" it in our wallet, we can't touch it like real cash, because it's only 0 or 1 (or hashs).
But still, we can own it, when we own our private key, where we can access it in Bitcoin's Blockchain, what's really magical and we can even send it to someone else in a completely different country to a different address, what’s even more magical.

A Blockchain is a very magical invention because such a product is still very new and unknown for many people.

Bitcoin is magic internet money because it can't be faked as well and Bitcoin follows defined rules. For example, Bitcoin's limited supply of 21 millions of BTC and how all Bitcoins are mined during several cycles until 2140, still more than 100 years away, when all Bitcoins will be mined.
So, Bitcoin is not only magic internet money, it’s also scarce internet money.

What's even better: everyone can join us.