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I’m almost 30 and I feel like I missed the #Bitcoin train. I felt like this for the last 5 years. Am I too late to the party? I’m aware of decentralization but if there’s someone willing to help me understand better what Bitcoin is I would be forever grateful ♥️

#asknostr #grownostr

cadayton 11mo ago

One has to understand first why the fiat system created by the rich and governments is failing us. Bitcoin is an attempt to fix the money system by having a system not controlled by the rich and the governments.

fiat - your purchasing power devalues over time.

BTC- your purchasing power increases over time.

This is the basic difference between fiat and BTC. Now do you want money to work for you or do you want to work for money?

Don't blame yourself for not understanding because we've all been lied to for so long we become blind to the risks of the fiat systems in place today.

Reading 'The Creature from Jekyll Island' in 2008, opened by eyes.

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Discussion

Kevin Cyber 11mo ago

I’m even a little bit afraid to ask about Bitcoin 😄 I know a lot of people are big advocates and I feel stupid for not knowing what this technology is after being around for so long. Thanks for your answer!

Zelaya 11mo ago

There so much wrong in this comment.

1. Banks are all working on blockchain money to deploy it as soon as possible, bitcoin is making that possible.

2. BTC increases in value because there are more people investing in it. Ponzi scheme and speculation can do the exact same think, just look at memecoins.

3. Money doesn't work for anybody, it is people that works. Money can change in value by working or through lies/speculation.

4. There also many lies about bitcoin. Starting with the mystery of Satoshi, which is likely Adam Back, CEO of Blockstream and by far the biggest influence controlling the code of bitcoin.

As for investing. The first miners are the new 1%. Then, those who invested when it was really cheap. By now that big banks and financial institutions are buying bitcoin, it's just a matter of time for the take over and transition into CBDC.