April 19, 2024

What is bitcoin? What is Bitcoin?

Bitcoin is ruthless, it's like when you're at a party... "Who's there?Oh my god, it's Bitcoin!Cool!".Okay, but why do we need Bitcoin? Why do we need Bitcoin?? I can't even believe you're asking this, but here's why - have you ever tried to send money, for example, to your friend with, say, 10 tok dollars? Well, if yes, then you’ve probably encountered a situation where, with the help of a bank, you spend all 50 on it!

Bro the bank doesn't like you, they only wantmoney. Bitcoin is not a bank. What is this? Well, it's like, one day, I'd give you a couple of chickens for that cool Lamborghini, except now this topic is computerized and better. You might be wondering who runs it. We all do it. It is a decentralized peer-to-peer system with no middlemen telling you what you can and cannot do. We set the rules, we control our wallets, we control the world! Okay, what should I do to get a Bitcoin wallet? No problem, anyone can create a Bitcoin wallet, no information required, no money required, no personal data required - that's how it works. “Bitcoin is not a trust system based on proof of unreliability, but without trust it sounds bad! I want to be able to trust things. No, bad!". Trust is not good. Do you believe that I didn’t spit in this sandwich? What proof do you want now that I spat at him? Proof is better than trust and Bitcoin will prove to you that you can see every transaction ever made. And there is no super hacker who can hack into your bitcoins or make new ones out of thin air, besides, they are too busy stealing money from your credit cards. So now Bitcoin really sounds cool, right? Well, here's how transactions work:

Kostyan wants to send Seryoga Bitcoin, hetakes out his 11 iPhone, looks for the earring in his contacts, and while his credit phone opens the Bitcoin application, with one click we do - “Send” and Boom! — Now Seryoga can afford a Lamborghini! Oh, never mind, the price just went up... Seryoga can now afford two Lambos! But people continue to mine there, which will cause problems with inflation. Why don't you take a step back, Mr. Smart Guy, because inflation is not the problem. There is a certain amount of bitcoins in the world and that's it. You can turn lead into gold faster than you can make a new Bitcoin. Wow, this Bitcoin is cool! But why is Bitcoin here? Oh, yeah, because I use that back room for a mining rig. It's a fun party. Next time on Token Tails, Bitcoin saves the orphanage when suddenly…