How To Explain Bitcoin To People Without Boring Them To Death

Written by nikhilsaraf | Published 2020/08/20
Tech Story Tags: bitcoin | finance | technology | business | entrepreneurship | investing | bitcoin-spotlight | hackernoon-top-story

TLDR Bitcoin confuses a lot of people because they get lost in the jargon (decentralized, validator, etc.) In this blog post, I break it down into a few fundamental questions with simple answers. The reputation of Bitcoin has shifted from “niche underground money used by drug dealers” to “banks will hold your Bitcoin and cryptocurrencies” This means we have reached critical mass and are moving towards mainstream adoption. Bitcoin will always have 21,000,000 units only[1]. This allows people to check for fraud payments which keeps the bitcoin network secure.via the TL;DR App

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Written by nikhilsaraf | Creator of Kelp trading bot (https://kelpbot.io) & SEP-0007 at Stellar
Published by HackerNoon on 2020/08/20