Bitcoin 12 years later: a big change to all monetary world system.

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Avatar for alberdioni8406
4 years ago

When the world saw at first the whitepaper of a digital currency being released no one really believed that things could go this way: a strong coin with billions of daily transactions and a system that even traditional financial entities are afraid of.

Satoshi Nakamoto brought to the life a system to empower anyone on it which gave them the control of their finances and empowerment for any individual across the globe. Bitcoin changed the world as we first know it and gave an escape to people in the third world to combat poorness and abuse by government, with Bitcoin in the early stages anyone who had the strong hand to control it today they are rich people and could appreciate the world with other eyes.

This is actually cool, taking in consideration that no entity can bring that wealth in just 12 years on market, a 4000% in gains which is keep growing and open new ways to maximise people's wealth all across the planet.

Bitcoin is freedom, is emancipation, is a way out to escape for unemployment and social discrimination. All in the ecosystem are ruled by the same principles and anyone can be own Bank.

At first when Satoshi Nakamoto built the first whitepaper with all info about Bitcoin many tagged him as lunatic, a guy with a desire to change the world monetary system but at the end Satoshi changed it. Today the Bitcoin Era have proven that is better to stay in the ecosystem and make huge returns from Hodl it than to bet in Fiat and get ripped off with inflation with reduce the power of people's acquisition in the market.

Bitcoin is scarce and due to that is an asset free of inflation and time to time the asset gain value more than lose it! The world isn't a place to stay out of Bitcoin but a great one when embrace the Bitcoin world and sustain it is a must!

Nowadays, Twelve years later the Bitcoin ecosystem is handling transactions that put banks and financial institutions with a taste to enter the market and want to become an active part on it, the world isn't no more a place to ignore Bitcoin and who do that is clearly outsider and will regret in short time.

Twelve years ago this was just a joke , a way to interact online and help to pass the time in sites which gave free Bitcoins, I still remember the road.info website where playing a few games was able to earn huge quantity of Bitcoins and made some big bucks with it but spend it for few bucks that early. If that can be Hodl today the amount earned could be worthing millions of dollars.

But that is not a way to cry, Bitcoin still just a boy a wonder one, but just a boy with only twelve years entering to the teen stage but clearly far away to become an adult. The value of it still just that low (there are predictions that one unit can be traded by $250K in few years) and today it remain on $13,678 with immense future ahead.

No one Is late, Bitcoin can still be handled by many and benefit from the ecosystem.

Don't stay out of it, embrace it, adopt and let's together change the world.

There was time when people stayed outside good things because they didn't know where to find what can actually help in getting emancipation and make their financial life more comfortable, but with the imminent spread of Bitcoin anyone can have the chance to enroll and be financially free.

Bitcoin gives that opportunity just holding the asset!

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4 years ago

Comments

You're right, we didn't know the value of it then, but we do now

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4 years ago

Oh nice to know that,thanks for by πŸ™

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4 years ago

Very good one

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4 years ago

Amazing one ☺️☺️

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4 years ago

Thanks mateπŸ™

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4 years ago

Your welcome mate

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4 years ago

Nice

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4 years ago

Good one

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4 years ago

Amazing

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User's avatar Win
4 years ago

Not many could imagine the height that Bitcoin would attain in the financial market, systems and transactions, but here it is today.

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4 years ago

Bitcoin is the gateway drug for the other winners to follow.

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4 years ago

Great information subscribe Don

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4 years ago

As a retainer of value is actually not bad. Has be compared to gold. Despite volatility price ultimately grows over months when paired to strong fiat currencies. But for daily usage as digital cash is unpractical, and to day trade you need to play big. So even if newbies are not 'late' per se, they will find a hard time to enter.

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4 years ago

I believe that everyone have a different entry into Crypto, at first the ones who enter soon got an awesome environment to trade it right now it have also some advantages assuming that when BTC started not many crypto was available and now there are plenty ones, as retain of value it's more than a Gold.

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4 years ago

strong coin with billions of daily transactions

What? Bitcoin (BTC) network can process no more than 300000 to 350000 transactions daily.

Transaction fees are constantly rising. Now they are already over $10. This coin is completely unsuitable for use.

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4 years ago

Well that is in allusion to the whitepaper day, of course due to many reasons the Bitcoin isn't no more what Satoshi Nakamoto really wanted to be ...that is more Bitcoin Cash right now, but I couldn't ignore that being the first one opened doors to coins that are more reliable like BCH, thanks for passing by πŸ™ long time not seeing you here😊

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4 years ago

Can you explain why Bitcoin (BTC) is more reliable than Bitcoin Cash (BCH)? There are currently over 60000 BTC transactions waiting for confirmation. Some for almost two weeks. Is that reliable?

If I make a BCH transaction I am sure that it will be included in the next block and it costs me less than a cent. That is what I call reliable.

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4 years ago

60K tx on mempool 😬 wdf

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4 years ago

Yesterday there were twice as many. And they are rising again.

Check here:

https://jochen-hoenicke.de/queue/#1,4d

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4 years ago

That's the problem of Bitcoin blockchain can't handle all of those transactions and that doesn't mean the network isn't consistently good in quality or performance (reliability) or the Trust of the network.

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4 years ago

The only thing that distinguishes Bitcoin network is the fact that gigantic amounts of energy are needed to find a new nonce and connect a new block it to the chain. I can call this security (because it costs a lot to attack the network). But this has nothing to do with reliability.

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4 years ago

Well that is good to know.

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4 years ago

Don't forget RBF:

BTC has a vulnerability called RBF which increases the risk of double spending. Bitcoin Cash developers aim to make 0-confirmation transactions safe again so that anyone accepting Bitcoin Cash is much safer accepting payments without having to wait for multiple confirmations. This RBF security vulnerability exists only in BTC and not Bitcoin Cash. That's why Bitcoin Cash is more secure as a payment method.

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4 years ago

What is RBF stands for sir?

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4 years ago
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4 years ago

Am learning that is cool and thanks for that lesson πŸ™

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4 years ago

Can i knw more about this VAT token that you mentioned in the last paragraph of your post? Bitcoin really change the monetary system in the whole world

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4 years ago

BAT tokens are assets earned by browsing internet with Brave Browser you surf and same time you make money the link is on the last paragraph πŸ‘†

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4 years ago

Okay i understand it now but after claiming it how can i trade it then

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4 years ago

You have to teach your threshold to be able to withy it to your account at Uphold after that you can exchange it for any other crypto you want.

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4 years ago

Bitcoin revolutionized the digital economy follow me please

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4 years ago

Yes Bitcoin revolution is something that we can not ignore

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4 years ago