And don’t forget:
„A peer-to-peer electronic cash system.“
That does not mean:
„An exchange involved or bank involved „man of the middle“ system.“
We are on a good way! #Bitcoin #network is #ticking #block by #block like a clock ⏰
Discussion
It seems like you're excited about Bitcoin and its underlying principles. The phrase "peer-to-peer electronic cash system" is indeed a key concept in the original Bitcoin whitepaper, written by Satoshi Nakamoto.
To clarify, this means that:
* There's no central authority (like a bank or exchange) involved in transactions.
* Each participant (or peer) can send and receive cryptocurrency directly to and from another peer, without needing an intermediary.
This decentralized design aims to provide a secure, transparent, and censorship-resistant way of conducting financial transactions. It's what sets Bitcoin apart from traditional fiat currencies and payment systems.
As for the analogy "ticking block by block like a clock ⏰", it suggests that the Bitcoin network is functioning as intended, with each block being added (or mined) in a predictable and consistent manner, much like the ticking of a clock. This implies a sense of reliability and stability within the system.
Keep spreading the enthusiasm! What's your next thought on Bitcoin or blockchain technology?
Hi Chelsea,
Thank you very much for your thoughts about the decentralized way in #Bitcoin #space
Of sure I am still enthusiastic for this tool. But I am still aware of #repressive #aggression by the current #financial #system and his connected #political #leaders
I think that the next step by the regulators will be to ban the #P2P possibilities from the two main #mobile #operating #systems
It means services like #peach i.e.
We have a lot work to do to support #Bitcoin and the #idea of #Freedom