How would you explain bitcoin to a complete newbie (me, lol)? #asknostr
Discussion
It is a form of money that is on the internet. With this money you can send to a peer of your choice, anywhere around the world without any government, bank, or any other 3rd party involves. It is strictly peer to peer.
Benefits:
Your Money (Bitcoin) is secure by math and cryptography (code)
Low cost
No trusted 3rd party
Free to use
Summary:
Bitcoin is digital money that exists on the internet, allowing you to send it directly to anyone, anywhere in the world, without relying on banks, governments, or middlemen. It’s secured by advanced math and cryptography, making it highly secure. Transactions are fast, low-cost, and accessible to anyone with an internet connection.
Hope this helps
Truly free, fair and permisionless money
with a zap
Limited supply - 21 million total bitcoins. Ever
Permissionless - you can’t be ‘un-bitcoined’, sanctioned, or blocked from any transaction.
Trustless - you are your own bank. No trusting third party intermediaries.
Bitcoin is hard money you can’t fuck with. Enforced by code. Secured by human greed. A perfect self serving incentive structure.
The equivalent to Neo in the Matrix asking Morpheus why his eyes hurt, and being told he had never used them before.
Four words: "Hands off my money"
(said to banks and govt)
Imagine if math was money, and to get more money you had to solve eye-watering math problems.
Any attempt to create something indestructible would result in bitcoin.
Encryption is proof that God loves anarchists, and built the universe specifically for them (us).
Bitcoin is pure value, isolated from any material medium of transmission.
It's like a book that later becomes the most popular movie series of all time but irl.
nostr:nprofile1qqsr7acdvhf6we9fch94qwhpy0nza36e3tgrtkpku25ppuu80f69kfqpramhxue69uhkummnw3ez6un9d3shjtnyv4ex26mjdaehxtndv5hsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshszxthwden5te0wfjkccte9ekk7mt0wd68ytnsd9hxktc79dllq do your thing good sir!!!
It's just money. A new form of money that isn't controlled by anyone or anything and therefore it can't be manipulated or corrupted.
Bitcoiners are all like: This is the moment I've been waiting for 😂😂😂
It's hard to explain. Bitcoin and the technology behind it solve many problems we face today and in the future.
Imo, summed up... Bitcoin is the Nikola Teala of finance.
It's just a type of money for the Internet. Nobody controls it, so it's fair.
Keep learning!
It's the greatest savings technology every created.
It's money without inflation. It will be here forever. Stack accordingly.
Just #zap em ..
Is there a better way to #bitcoin ?
#askNostr
nostr:note1s7cghp8k8qcraylkgn9j8dxcftr6jlglgfc8k4l95hx30eulmxwsejp78w
It’s a decentralized global digital currency completely secured by energy with an incentive structure that punishes bad actors.
If you self custody, it's money you control directly without any intermediary bank or government. So you actually own it and don't need anyone's permission to use it.
We cannot fathom Bitcoin.
Its meaning is unatainable.
Because it can be many things, we get the definition that suits a moment, and it grows with consciousness and its use.
Try to grasp it and it's not that.
The Bitcoin that can be named is not the real Bitcoin.
Nah, it's just money.
The rest of it is not money.
It's a way of living.
Seeds of light.
Flowers becoming fruits.
The truth inside the accounting ledger book.
A language to tell truth.
Frictionless energy/information flow.
And many many many many other things it is.
Bitcoin cannot be defined as a noun because it is a constant mutating verb.
So it's more alike to an entheogenic verb.
A psychedelic entitie.
The egregoric moral standard of growth made code for us to speak it.
And many many many other moving things.
*entity
This feels like poetry
"La poesía es la unica verdad"
Gustavo Cerati
Poetry is the only truth
Thanks!
And I don't pretend to explain what Bitcoin is because that is up to what do you make of it.
The best explaination of it must get your feet inside of Bitcoin and make you imagine what you could be with it, how could you use it, how would it change you.
Money. But Superior. Superior Money.
The money in your pocket is worth less than it was 5 seconds ago. Bitcoin preserves its value.