Bitcoin is the biggest scam in the world.
But its price has broken through $100,000.
And now? Musk, Trump, Michael Sailer can't live without it.
Here's everything you need to know about Bitcoin (and why you must care about it): 🧵
Bitcoin is a decentralised digital currency.
There is no central bank, no government, just pure mathematics and code.
What is the total circulation? 21 million (of which 19 million have been excavated).
Born on the ruins of the 2008 financial crisis, Bitcoin symbolises a revolution in digital currency.
Satoshi Nakamoto – an anonymous individual or group that released Bitcoin on October 31, 2008.
The first block (the genesis block) was mined on January 3, 2009.
In 2010, Satoshi Nakamoto mysteriously disappeared, leaving the project to someone else.
Who is Satoshi Nakamoto? Even after years of speculation, no one knows about it.
Bitcoin introduces disruptive ideas:
- No trustless intermediaries are required for transactions
- Leverage "proof-of-work" for decentralised consensus
- The first truly successful blockchain system
Anyone can use a computer to mine Bitcoin.
In May 2010, a programmer completed the first real-world Bitcoin transaction.
He used 10,000 Bitcoins to buy two pizzas from Papa John's.
That amounts to nearly 1 billion dollars worth of pizza today.
For years, Bitcoin has been labeled a Ponzi scheme and a fraud.
But over the past 15 years, it has:
- Processed nearly $1 trillion in total transactions
- Been accepted by major mainstream companies
- Withstood countless challenges and remains standing
Not bad for a "scam."
Bitcoin is the most decentralized cryptocurrency:
- Over 18 million miners participate in validating transactions
- No individual or organization can control it
- Fixed supply of 21 million coins ensures scarcity
Even its creator has disappeared, ensuring that no one can control it.
In 2011, Namecoin became the first altcoin, proving that Bitcoin is not the only option.
The emergence of altcoins aims to:
- Increase transaction speed
- Fix Bitcoin's flaws
- Serve specific blockchain functions
- Experiment with new technologies
Today, the altcoin ecosystem includes thousands of tokens:
- Ethereum: Smart contract platform
- Stablecoins: Pegged to real-world assets
- Security tokens: Represent real-world assets
- Utility tokens: Provide specific services
Currently, there are over 9,000 altcoins available on the market.
The influence of Bitcoin far exceeds its own value:
- It is the "barometer" of the entire cryptocurrency market.
- The price fluctuations of Bitcoin determine the market trends of altcoins.
- Institutional investors often use Bitcoin as the first step into the crypto world.
Bitcoin is unique and irreplaceable.
Bitcoin is a tool that promotes financial inclusion, especially suitable for developing countries:
1) Entrepreneurs can access global markets
2) Peer-to-peer transactions can be made without banks
3) It helps combat inflation and economic instability
By 2030, experts predict that Bitcoin could rise to $1,000,000, driven by factors including:
- Continued market maturation
- Layer 2 technology making Bitcoin transactions faster and cheaper
- Trump's support for cryptocurrency policies and improved regulatory environment
- Institutional adoption (such as exchange-traded funds and corporate investments)
I like Bitcoin, not because it can make money. But because it brings freedom.
Bitcoin empowers ordinary people globally:
- In Venezuela, it fights hyperinflation
- In Kenya, cryptocurrency provides millions with access to financial services via mobile phones
- Cross-border transfers are cheaper and more efficient
Musk has also expressed similar beliefs.
Bitcoin may drive the realization of these future visions:
- Universal basic income
- Transparent supply chain systems
- Decentralized research funding mechanisms
- Promoting environmental protection through blockchain technology
I am very much looking forward to the future of Web 3.0.
Bitcoin is not just a currency, an investment, or an asset.
It is a movement.
About freedom, about inclusion, about innovation.
Are you ready to join this journey?
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