ADSactly on ADSACTLY - Part #12
An unknown person or group of people under the name Satoshi Nakamoto created the first "decentralized peer-to-peer blockchain" and released it as open-source software in 2009. Even today we are still unsure who is the real inventor of Bitcoin (BTC). The main features and advantages of this system were recognized early on only by a lucky few who are very well-off individuals today. ADSactly founders are among those who decided to trust their vision when the price of one Bitcoin was less than a piece of pizza. Subsequently, the entire society based its finances and investment strategies around Bitcoin and other crypto-currencies.
Why is Bitcoin important?
BTC carries significant social importance because it is not controlled by any government, any corporation or any religious movement. It is a true independent asset, fully based on the concept of a free market. Did you ever think that something so big can ever exist in our time? Welcome to what you thought was the future.
The source is here.
The speed of transactions, low fees, third party interactions, transparency and anonymity are the main elements of this crypto monetary system. Transparency and anonymity, as we know, seldom go together but Bitcoin managed to unite these seemingly opposing concepts and create a revolutionary leap forward.
The source is here.
The system proved to be a total success. It started the revolutionary crypto movement which gave many people hope and prosperity for them, their families and the world as a whole. Although there are many, technically more advanced, blockchain based monetary systems in use today, Bitcoin is still on the rise. Its value just surpassed the 7000USD mark.
Aren't we all lucky to be here in this day and age?
Please, read this series from the beginning if you are interested in joining ADSactly. Have all of your questions answered in advance.
ADSactly on ADSACTLY Part #1
ADSactly on ADSACTLY Part #2
ADSactly on ADSACTLY Part #3
ADSactly on ADSACTLY Part #4
ADSactly on ADSACTLY Part #5
ADSactly on ADSACTLY Part #6
ADSactly on ADSACTLY Part #7
ADSactly on ADSACTLY Part #8
ADSactly on ADSACTLY Part #9
ADSactly on ADSACTLY Part #10
ADSactly on ADSACTLY Part #11
Every honest individual with good intentions is invited to join and offer skills, knowledge, energy, time or resources for various ongoing projects within ADSactly society. The channel is here: ADSactly and you are welcome.
I do not believe Bitcoin is the future of currency. I believe that block chain is the future.
Wow! It is very coincidental that Adsactly is covering this very subject! I posted a deep dive on this Satoshi Nakamoto just 5 days ago! I really put a lot of work in researching the subject to best chronicle Satoshi Nakamoto's work, which took me a 40 hours to go through!
I have to say, by the end of it, my respect and appreciation of his work was more than ever before. I really did my very best to tell his story.
If anybody is interested in giving it a read, you can find it here :
I really love what Adsactly is about and have been following this series since the beginning and engaging with you guys, keep it coming!
God Speed Brethren.
BTC still needs to prove its reliability specially regarding transaction fees. For now, it doesn't do extremely well as expected.
Other coins, way less in the light of the show, have better fees, sometime nearly zero with fastest block times and better scalability.
But still, BTC is the king, as Apple and Facebook. It represents the brand, the window of our crypto world to the mass.
very pretty, my friend
Thank you for describing a bit more about this complicated system, @adsactly!
very pretty, my friend
BCH is the real bitcoin. People are starting the switch now. BTC will be stopping in 7 months.
i think that
BCH right now is having an uptrend in the market just because November 13th BCH is having a fork, after that we will see if the market continue that fluctuation.
Are u sure ?
This post was very informative thank you for sharing
you have my upvote plus a resteem
@mannyfig1956
good post
bitcoin is the future currency that all peoples will be used ..
bitcoin is the future currency that all peoples will be used ..
Bitcoin has CIA written all over it ..... we won’t complain :)
good way to earn money
Printing money without cover is the same with Bitcoin and other currencies.
If big players decide to tax Bitcoin, or to abolish it, then it will happen. It's just about exchanging paper money for software money. At the moment when full paper money is replaced, Bitcoin's value will stagnate, etc.
The revolution is a blockchain technology that brings us speed and storage of information. Now Bill Gates and Richard Branson have the main mines, it's the same thing again, decentralized centralization. For everyone to use crypts, there must be a story about anarchy, people, etc.
At one point, all data and currency users will have to work under the new laws. Then these same shadow rulers will have complete control over people. If there is no paper money, then you can not hide transactions, they can do what they want with you. As it says in the Bible, if they do not receive the mark of the beast, they will not be able to buy food.
My strategy is simple, I invest in crypts, I make money and buy land, real estate and tangible value. Great post, you inspired the best of me @adsactly
Bitcoin is the biggest coin in the actual market so nobody is going to take that away from.
BTC just need to continuously keep evolving and adapting to new things, structure, characteristics, privacy, anonymity, etc.
With all the coins that are out there ppl are demanding more upgrades and that is not easy, it takes time!
Very good @adsactly
I think btc was created by a drug lord trying to find an easy way to get paid while being hard to trace
I once thought to clear my country from various corruption cases BTC is a budget transparency solution. thank you information @adsactly
Ask permission for translate to my language Indonesian.
very pretty, my friend
yes its impressive. and can lead to good things.
Thank You @adsactly for your good describing a bit more about complicated system for all steemian.
viewed, voted, commented, and re-steemed ...
anyone follows me i'll follow back within a few days
Great
BTC is the best
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Bitcoin is the king of crptocurrencies, no doubt. It has moved from $700 to $7450 within a space of one year. With the right security being put in place, it is a good way to invest.
mind blowing bro......i just upvored you for your amazing post. i am totally impressed for your beautiful hard work.......i think one day you will be the top of the steemit blogger......go ahead bro.....
Cryotocurrency is truly like living in a Sci-Fi movie (in a good way).
I love how "Satoshi" just left it to the people to use his technology and take the charge.
Awesome for ADSactly to give everyone a quick rundown on Bitcoin incase some of us haven't read up yet 🤓
I just have a question. In the last paragraph it said the value of Bitcoin surpassed 7000K USD. Just clarification: When you say, 'bitcoin' you mean one bitcoin is equal or can be exchanged at the market for 7K+ USD at the time of this writing? How much would it cost to buy bitcoin? What would be the rate for this type of transaction? Is the price index based on the country's currency?