WHAT IS BITCOIN....đ€đ€đ€đ€
Explaining Bitcoin in a way that is actually understandable to your after person is not a trivial thing, and likely not the most productive way to onboard new users eitherâŠ
So what is BitcoinâŠ.????
đ¶ïžBitcoin is digital gold.
đ¶ïžBitcoin is an inflation hedge.
đ¶ïžBitcoin is money.
đ¶ïžBitcoin is a technology.
đ¶ïžBitcoin is softwar.
đ¶ïžBitcoin is hope.
đ¶ïžBitcoin is an electrical system.
đ¶ïžBitcoin is a heating system.
The reality is that all of them can be Right or wrong, in the sense that all of them are just a partial description of what Satoshi Nakamoto started. That second word, âis,â is where the problem is. Even though Bitcoin is all of them, if you say only one of them, you are limiting your understanding of it. The only true answer: Bitcoin is Bitcoin.Â
We have to realize all the properties that Bitcoin has and describe it as such without putting a limit on it. Because the person who says Bitcoin is an inflation hedge has already experienced when it wasnât. The person who said it is digital gold is suffering from the argument of lacking metallic properties. The person who says it is money will miss the whole PoW aspect of harvesting the electrical and heating energy in the real world, and so on and so onâŠ..
Love to see readers input as well in the comments section ...
So Bitcoin is BitcoinâŠâŒïž