i dont know from where to start because everything* is connected to each other >> but i will do my best to help noobs to get the idea what going to happen and even pros will get great insight from this.
first bitcoin dont come from one person its anonymous team and they anonymous because for sure they involve in other things done over the web and on a global scale which involve huge risk ...
the nature of the human mind is to be famous and known and to be founders and other relative things...this is why the depression level in the sillicon valley is so huge around 80% , its because people over there want to be known and famous , founders and other things....and they dont give a damn shit about to make bright future for us and our kids the main point* of them is to be founder,famous,rich,connected, and so on...but ironically the anonymous path dont lead to this path and far away from be founder,famous,rich,connected...and why the team behind bitcoin is anonymous is because they anonymous in whatever they do on the web and some of the things involve in huge risk like wiki leaks'.
before bitcoin came to the world and hit the web there was already few people that say peer to peer file sharing going to make financial freedom,
one of them is edward snowden and other which i dont going to say the names...the other people behind bitcoin operation we will never get to them...never ever period.
bitcoin peer to peer money come from peer to peer file sharing with twist called block--chain,
but why peer to peer file sharing= decentralized tech lets look, before peer to peer file sharing tech like napster and torrnet and other there was
centralized tech which mean....computer a,b,c,d,f,g,t,e, all of them download softwares,music,videos,mp3 from few main servers(centralized) and dont depend on each other in order to get what they need...BUT* the governments pretty fast locate this servers and shut down them...
then the people became more smart and created peer to peer tech which mean there are no few main servers and the stuff is located on private computers(peer) and spread across them..which mean computer A download movie from computer Z while computer Z upload to computer D some movie....the info spread = decentrlized tech, and now the governments need to shut down more then 500 million private computers whic act as peer/server.
when your computer serve only you its called computer but when people download from you stuff you serve them and hence why you computer called server because you serve people...
the people that created peer to peer file sharing was know that it will explode and will be main stream without any speculation...its MUST** happen and the governments cannot do shit and no body...
now the team behind bitcoin peer to peer money was just mixing tech that is already outside there...its not new tech, and the same here it will eat all the system like nothing BUT ***
peer to peer file sharing scale much but much more easily in other less friction to grow, just download torrnet and start to download videos,movies,software and so on COMPARE
to peer to peer money which have huge friction to scale its take time until business accept it and until people get used to it and BANKS,GOVERNMENTS, AGENTS, OTHER ENTITIES WILL FIGHT IT... its industry more then 30 trillion market which is going to decentralized and not under control of others...like peer to peer file sharing....no more few main servers hold and control everything
but
it will eat the entire system without any problem like file sharing , some say its speculative market and they say it because they dont have knowledge from where it came and what it solve and other deep important things...
because their is huge friction for peer to peer money to scale compare/relative to peer to peer file sharing....
and there is nothing speculative about this as the smart minds in this game dismiss the market movements because they know its matter of time until its eat the entire system like peer to peer file sharing, just the huge friction exist until business accept it and people get used to it compare to peer to peer file sharing which easliy scale and there is small friction to grow.
market movements is important to traders from here they do all the money yet they will never make what holders, never period, when bitcoin falled to 3k usd from 8-9k usd almost 95% traders lost everything and its good for crypto!!
other important things to know:
1. ask any smart economist he will say you that in everything the most important thing is the max supply which mean how much and then relative to this we can know what demand can do,,,in other words and more simple
money paper is printed by governments
there are criminals all over the world which know to fake money paper one on one and basically have money from thin air
this is why some countires there money paper dont worth nothing
which all this lead us that there is NO MAX SUPPLY its infinity and hence smart economist will say forget about demand there is a hole in the system which is only grow...the value will go only down
in other words its like to fuel car with hole ,,,with crypto there is max supply like 21 million coins and no more and cannot faked and this is why the price will only grow...
dont forget that stable money is over time lose vale because the supply is infinity and the prices in supermarkets,houses,clothes,cars and so on only grow....
peer to peer money is going to eat the system is just there is huge friction for it to scale compare to peer to peer file sharing...but nothing is speculative its going to eat the entire system like peer to peer file sharing, its not about prediction is logical and very simple...
Our world is populated by all kinds of people with hugely varying levels of intelligence. Almost anyone would consider themselves to be intelligent, of course, and it can be very hard to get an accurate assessment of our own intelligence. After all, our thoughts always tend to sound smart in our own head, don’t they?
great explanation.
kevin mitnick is legend.
i know what you mean and great name
the real shook its all real.