Click to download audio version Date: January to March 2020 Bitcoin can be
intimidating for beginners. The protocol is complicated, the community can be
unforgiving, silly mistakes can lose you money, and it is easy to succumb to
altcoin marketing. Bitcoin offers you the opportunity to hold a new type of
monetary asset, one which can't be seized by the government and is censorship
resistance, and it is changing the world. Bitcoin is multifaceted. Some treat
Bitcoin as a speculative tool for growing wealth, others as a way of avoiding
financial censorship from traditional payment channels, and some use it as a way
of claiming their monetary sovereignty and removing power from the banks and
state. On 31st October 2008, Bitcoin was introduced to the world by its
pseudonymous creator, Satoshi Nakamoto. Bitcoin brought with it an alternative
to the banking system, a way of truly controlling your finances and the
opportunity to 'be your own bank'. Being your own bank is incredibly powerful
but is often a confusing and misused term. There are currently 1.7 billion
people across the world who do not have access to proper banking services.
Bitcoin can fix this by allowing users to hold, send and receive value.
Governments have a history of putting pressure on payment systems and censoring
transactions. In 2010 Visa, Mastercard and PayPal all stopped allowing payments
to WikiLeaks. Bitcoin fixed this. Bitcoin's power is in its decentralised,
censorship-resistant, neutral, permissionless network that allows you to
transact globally without any intermediary or third party and with whoever you
want for whatever reason you want. Bitcoin doesn't care. We will soon be living
in a cashless society, government-issued 'fiat' currency will become entirely
digital, and we will wave goodbye to any remaining shreds of financial privacy
that still exist. Some governments will look to create a cryptocurrency
alternative; providing the perfect tool for increased financial surveillance and
oppression and represents the antithesis of Bitcoin. We may have to choose
whether we use Bitcoin or a state-run digital currency. So, why should we choose
Bitcoin? In this episode, I have compiled various clips from my 17-part
Beginner’s Guide to Bitcoin with some of the leading experts in the
space. As an introduction to Bitcoin, this guide covers essential Bitcoin topics
from how it works to its monetary policy.
intimidating for beginners. The protocol is complicated, the community can be
unforgiving, silly mistakes can lose you money, and it is easy to succumb to
altcoin marketing. Bitcoin offers you the opportunity to hold a new type of
monetary asset, one which can't be seized by the government and is censorship
resistance, and it is changing the world. Bitcoin is multifaceted. Some treat
Bitcoin as a speculative tool for growing wealth, others as a way of avoiding
financial censorship from traditional payment channels, and some use it as a way
of claiming their monetary sovereignty and removing power from the banks and
state. On 31st October 2008, Bitcoin was introduced to the world by its
pseudonymous creator, Satoshi Nakamoto. Bitcoin brought with it an alternative
to the banking system, a way of truly controlling your finances and the
opportunity to 'be your own bank'. Being your own bank is incredibly powerful
but is often a confusing and misused term. There are currently 1.7 billion
people across the world who do not have access to proper banking services.
Bitcoin can fix this by allowing users to hold, send and receive value.
Governments have a history of putting pressure on payment systems and censoring
transactions. In 2010 Visa, Mastercard and PayPal all stopped allowing payments
to WikiLeaks. Bitcoin fixed this. Bitcoin's power is in its decentralised,
censorship-resistant, neutral, permissionless network that allows you to
transact globally without any intermediary or third party and with whoever you
want for whatever reason you want. Bitcoin doesn't care. We will soon be living
in a cashless society, government-issued 'fiat' currency will become entirely
digital, and we will wave goodbye to any remaining shreds of financial privacy
that still exist. Some governments will look to create a cryptocurrency
alternative; providing the perfect tool for increased financial surveillance and
oppression and represents the antithesis of Bitcoin. We may have to choose
whether we use Bitcoin or a state-run digital currency. So, why should we choose
Bitcoin? In this episode, I have compiled various clips from my 17-part
Beginner’s Guide to Bitcoin with some of the leading experts in the
space. As an introduction to Bitcoin, this guide covers essential Bitcoin topics
from how it works to its monetary policy.
