Many people tell me here that bitcoin can change our lives and let us know what the rise of the Internet is.
But no one told me what Bitcoin means to us.
Can Bitcoin's technology really change the world?
Tell me, your point of view.
I will try to keep it in the simplest possible definition,
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people by using some complex algorithm which is called Mining Bitcoin.
Now, how its going to change the world?
Well, thats a big question, per my understanding, there is not a single entity that could change the world, however, Bitcoin has the potential to change the financial system that governs the world. As you see from my above definition, it cant be printed, and no one controls it. You get the power with your Holdings.
Hope it helps.