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Topic: The mystery called Bitcoin - page 2. (Read 169 times)

member
Activity: 302
Merit: 46
NO SHITCOIN INSIDE
January 07, 2025, 12:28:28 PM
#7
The only big mystery to me is...why do the shitcoins still exist?

Bitcoin is the only crypto that I can understand its value and reason for existence. It can be easily explained and understood as a digital gold and store of value.
If you understand the value of gold then you can realize bitcoin is simply a digital version of gold.

If you ask the average altcoin investor the purpose of their particular shitcoin they either don't know or can't give you a straight answer.
hero member
Activity: 1666
Merit: 709
January 07, 2025, 12:19:34 PM
#6
The urge to just beautify basic post about Bitcoin is now becoming very alarming and unnecessary. Really you made a post about something this basic and did not even pass any new information on it.
I will advice if you don't have anything to post yet you can go on carrying out research and understand more about Bitcoin to increase your knowledge before you post. And no I don't think Bitcoin is a mystery.
?
Activity: -
Merit: -
January 07, 2025, 11:19:46 AM
#5
Speaking from my own limited knowledge, the whole idea of btc is still a mystery to me till this day
why is it a mystery? i don’t think bitcoin is a mystery simply because it’s probably the most transparent system you will ever encounter in this world it operates under mathematics and codes and if you dedicate more of your time into understanding bitcoin it will not be a mystery anymore
Quote
Built on a Blockchain by a mysterious individual who isn't exactly doxed, today alot of us has acquired wealth from it, gained financial freedom and even retired thanks to it, BTC is really to me a wonder and a mystery.
if there is anything mysterious about bitcoin it is only on satoshi nakamoto you do not know if he “retired” in fact we know almost nothing to what happened to him but bitcoin? no mystery just smart technology that is changing the global financial landscape

Well, before the advent of Bitcoin, there have not been a technology similar or close to it, so, they way it was accepted and continued to grow is something of awe, I'm not trying to be religious here but, it reminds me of a bible story, where they tried to shut up the apostles of Christ and someone came up and said, if what they preach is false, it will naturally fade away with time, but seeing it's still something that exists till now, guess those words are right.

Same thing here, I mean, yeah fr the whitepaper, he is actually trying to solve a real life problem, but I'm just amused as to how this tech was easily accepted and grew the way it did, how people bought into the idea and it became something of this much value, like that's a mystery to me
legendary
Activity: 3080
Merit: 1500
January 07, 2025, 11:07:53 AM
#4
There's no mystery about Bitcoin at all. The mystery is only limited to the identity of its creator which should remain as a mystery. Bitcoin was created with very specific goals in mind to empower you to break free from the traditional financial institutions. Bitcoin has reached to a stage where even the countries like US can't ignore it anymore. It was one of the agendas for Trump to win the presidential battle.

Everything has a purpose and Bitcoin has been constantly deliverying on its purposes.
sr. member
Activity: 756
Merit: 353
January 07, 2025, 11:02:37 AM
#3
Speaking from my own limited knowledge, the whole idea of btc is still a mystery to me till this day, with it's first Blockchain mining in 2009, it's amusing how this journey has gone thus far. In 2008 when traditional financial institution have low trust, the founder (Nakamoto Satoshi) came up with a way to carry out financial transactions not based on trust, that is to say, eliminating a trusted third party, thus coming up with a per-to-per kind of transaction based on proof-of-work so as to create a safe and secure transaction without the involvement of a third party.
It all started like a joke and then it evolved to what we have today, I remember the pizza incident 2010, although, it marked the first significant use of BTC for commercial purposes but it also shows how far this wonderful gem has come.
Built on a Blockchain by a mysterious individual who isn't exactly doxed, today alot of us has acquired wealth from it, gained financial freedom and even retired thanks to it, BTC is really to me a wonder and a mystery.

Everything starts for a reason and in life, something must have a beginning before becoming very important and valuable to people when Bitcoin was introduced many people didn't understand what cryptocurrency was, some people didn't even have technology knowledge, even some of us know about cryptocurrency and Bitcoin never has a phone by then, those people that did not believe in bitcoin then are the one that is holding bitcoin these days.

Bitcoin has changed many people's lives because of the trust they have for it, many people don't depend on the government or hands-on work and still survive today because of Bitcoin, Bitcoin has made many people believe that patience is the best way to succeed in life because some people don't have patient but when it comes to crypto you have to be patient to achieve your goals.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
January 07, 2025, 09:49:24 AM
#2
Speaking from my own limited knowledge, the whole idea of btc is still a mystery to me till this day
why is it a mystery? i don’t think bitcoin is a mystery simply because it’s probably the most transparent system you will ever encounter in this world it operates under mathematics and codes and if you dedicate more of your time into understanding bitcoin it will not be a mystery anymore
Quote
Built on a Blockchain by a mysterious individual who isn't exactly doxed, today alot of us has acquired wealth from it, gained financial freedom and even retired thanks to it, BTC is really to me a wonder and a mystery.
if there is anything mysterious about bitcoin it is only on satoshi nakamoto you do not know if he “retired” in fact we know almost nothing to what happened to him but bitcoin? no mystery just smart technology that is changing the global financial landscape
?
Activity: -
Merit: -
January 07, 2025, 09:25:56 AM
#1
Speaking from my own limited knowledge, the whole idea of btc is still a mystery to me till this day, with it's first Blockchain mining in 2009, it's amusing how this journey has gone thus far. In 2008 when traditional financial institution have low trust, the founder (Nakamoto Satoshi) came up with a way to carry out financial transactions not based on trust, that is to say, eliminating a trusted third party, thus coming up with a per-to-per kind of transaction based on proof-of-work so as to create a safe and secure transaction without the involvement of a third party.
It all started like a joke and then it evolved to what we have today, I remember the pizza incident 2010, although, it marked the first significant use of BTC for commercial purposes but it also shows how far this wonderful gem has come.
Built on a Blockchain by a mysterious individual who isn't exactly doxed, today alot of us has acquired wealth from it, gained financial freedom and even retired thanks to it, BTC is really to me a wonder and a mystery.
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