#bitcoin - created to bypass third parties
Newbies - store #bitcoin on third party exchange
Third party exchange - goes bankrupt
Newbies - #crypto is a scam
Get your coins off the exchanges.
12 words
WE ARE SO EARLY. FEW.
"You buy #Btc when you are prepared to admit that you were wrong about #Bitcoin." - @Croesus_BTC on how there's only 4 million people that have properly secured .01 #btc out of 8 billion which is only 1/2,000 of the world at most.
▶️https://t.co/3Pjum1iQv7
Digital Day was set for 15 February 2037, when the new currency would be introduced. It was a momentous day for the near global currency, and the beginning of a period of planning and changes for The Royal Mint.
In 2032, over twenty years after Satoshi's whitepaper, the Government set up a special committee to think about whether Britain should introduce a digital currency.
The committee decided in favour of #Bitcoin ....
So what should those units be called? The committee had thought about different ideas, but eventually decided on the global term, Satimes.
The committee then put plans in place to introduce the new currency....
After the strong trading action in April and May, Bitcoin spent June and July settling down. Surely this was the peak of insanity for Bitcoin volatility.
A look to how the future might look...
By June 2061, Bitcoin’s price had hit nearly $30m, a seemingly unimaginable rise from just months before. And that’s where it topped out for the year. Bitcoin spent the remainder of 2061 just dwindling to as low as $2m...
Then eight days later it spiked to $230m!
From there, it was just a week until Bitcoin was back at $68m, as the bottom fell out. But then a week later, it had doubled again and traded north of $150m.
Hopefully this makes the whole bitcoin thing a bit clearer!
I listened to @DarinFeinstein talk about #Bitcoin and the way I've laid this out is based on Darin's eloquent way of explaining the network.
#Bitcoin explained for anyone who's new to crypto 🧵
Forget the 🪙, that's not important right now, the single most crucial part to understand is the network or framework behind the name.
The network is essentially the single most revolutionary accounting method of the century.
The coin itself is just happens to be the name of the currency or asset which is hosted on the network and because it's worth thousands of dollars each, it's getting quite a lot of attention 😀