Understanding Satoshi Nakamoto's mindset will give you an edge, follow this page to better understand the Satoshi mindset - nostr:npub1qxk32g5yx4n92tcdyn6ken7nnqwl7v753zn3fyddmdupwemdhlnsfz8z0r
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Understanding Satoshi Nakamoto's mindset will give you an edge, follow this page to 'Think Like Satoshi' - nostr:npub1qxk32g5yx4n92tcdyn6ken7nnqwl7v753zn3fyddmdupwemdhlnsfz8z0r
In the context of Bitcoin, trustless refers to the fact that transactions can be performed without relying on trust between parties. This means that Bitcoin transactions can be executed without the need for a trusted third party to manage or validate the transaction.
This is monumental progress in money and business. Let's talk about examples of where this is beginning to emerge or is working right now in any business?
This is how you explain Bitcoin to a computer software engineer:
Satoshi Nakamoto created a finite, decentralised, trustless, transparent, immutable, incorruptible, ledger known as the Bitcoin Blockchain and Bitcoin currency, a finite currency which can be moved peer to peer globally on the Bitcoin Blockchain at the speed of light with minimal friction or cost.
This is how you explain the same thing to an entrepreneur / business person:
Satoshi Nakamoto invented a form of money that can never be devalued by inflation, is not controlled by banks or Government or anyone else, you don’t even need a bank or Western Union or even an ATM to legitimately send it to another person anywhere in the World. If you buy a property or a car or a business with it, every transaction that you make is issued with a legally binding receipt which can never be erased forever, no one can ever say that the money is not legally yours, no one can ever change the records to your disadvantage, because it is more safe than Fort Knox, it is known as the Bitcoin Blockchain and Bitcoin currency. Bitcoin is better than Gold it is a digital currency which can be transferred to anyone globally who has a mobile phone and an internet connection, at the speed of light and it takes you just seconds with very little cost.
Computer software engineers get Bitcoin already, it is time we started talking to entrepreneurs and business people in a language that they can get it too!
Satoshi Nakamoto created a finite, decentralised, trustless, transparent, immutable, incorruptible, ledger known as the Bitcoin Blockchain and Bitcoin currency, a finite currency which can be moved peer to peer globally on the Bitcoin Blockchain at the speed of light with minimal friction or cost.
Is there anything else to understand, really?
Yes, I got some at $16.5k and some more at $19k, I'll be getting some more ASAP hopefully still under $30k.
WOW, great answer, thanks Satoshi... Now we must just wait for the world to develop the infrastructure to allow individuals everywhere to fully embrace Bitcoin and adopt it into their day to day lives.
Why did Satoshi Nakamoto create Bitcoin?