@MrBabaPoolQ123 @xrp_mami hard to believe people in crypto don’t understand bitcoin. It’s the economic operating system of the world. What makes it valuable are the game theoretical, rules of consensus whereby the miners provide security to a decentralized monetary network. XRP is just another fiat.
Bitcoin is a once and a thousand year opportunity and perhaps the greatest invention of human civilization. Saying that out loud anywhere, most with laugh. That tells me we’re still early. #Bitcoin
@michael_saylor @lopp The content on https://t.co/Nbhto65udn and your interviews have been helpful. Watched Andreas Andropolis a good amount and these guys destroy the China FUD and ripple’s brad garlinghouse who said bitcoin could be 51% attack by China. https://t.co/AATJu08zqc
#Bitcoin mining makes it the superior long-term store of value asset for institutions and a powerful force driving the use of sustainable energy & the recycling of stranded & wasted energy.
What is #bitcoin ?
Start with “what is money?”
It’s the internet of money. A consensus decentralized network based on blockchain technology and a proof of work algorithm, that allows a digital token to act as a reward system for game theoretical competition between miners.
If someone time traveled back to 2001 and dropped the iPhone we’re using today, how would we respond?
Answer. We wouldn’t know how to use it.
That’s #Bitcoin
Sha-256 is a set of instructions designed and written by the NSA, that tell a computer to follow a series of mathematical steps with any input in the form of a string of information of any size.
Law of conservation of energy states that the total energy of an isolated system remains constant, it is said to be conserved over time. Energy can neither be created or destroyed, rather it can only be transformed or transferred.
If you don’t understand the laws of thermodynamics, you don’t get bitcoin.
First law, when energy passes into or out of a system (as work, heat or matter) the systems internal energy changes in accord with the law of conservation of energy.