Bitcoin/ BlockChain/Cryptocurrency–no matter what you call it or which part you are discussing…it’s here to stay!
How many times have you kicked yourself for not investing in Google, Facebook, Microsoft or any other Internet company that went to the moon in price?
Let’s digress a bit to 1995–If your old enough, remember your first cell phone? Your first computer? Are you still using those antiquated systems? Chances are the answer is NO–Why not? Because times change, technology advances and we want and demand higher efficiency in our lives.
Cryptocurrency is no different–What should you do about the latest trend?–Get EDUCATED
The information available is immense and digesting it takes time. There is an old saying that to learn anything will cost you either Time or Money. The choice is yours on which you want to utilize in your education. Bottom line, get educated and don’t get left behind….again.
Let the Education Begin:
The blockchain is a public ledger that records bitcoin transactions. A novel solution accomplishes this without any trusted central authority: the maintenance of the blockchain is performed by a network of communicating nodes running bitcoin software. (Wikipedia)
Bitcoin is a cryptocurrency and worldwide payment system which is the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. (Wikipedia)
I am not a financial adviser and nothing on this blog should be construed as financial advice… I am simply sharing MY experiences and some of the knowledge I have gained in my quest for understanding… Do all the due diligence you can then make your own decisions… You OWN your results.
Where is this going? As of this writing 28 Nov 2017- Bitcoin Hit an all time high of 10K per 1 Bitcoin:
Who owns/invest in Bitcoin? This list grows daily!
Julian Assange – Wiki-Leaks
Al Gore – Vice President
Mark Cuban – Billionaire – Once a Skeptic Now Investing Millions into Crypto
Peter Theil – Billionaire Founder of Paypal
Nassim Nicholas Taleb – Author
David Friedman – Economist
Ashton Kutcher – Actor / Venture Capitalist
Kevin O’Leary – Shark Tank
Tim Draper – Billionaire
Michael Novogratz – Billionaire (Invested 10% of his Net Worth into Bitcoin & Ethereum)
Chamath Palihapitiya – Billionaire Venture Capitalist and owner of Golden State Warriors
Richard Branson – Billionaire
Lawrence Summers – 71st Secretary of Treasury and 27th President of Harvard University
Sean Parker – Napster/Facebook
The Winklevoss Twins (Cameron & Tyler) – Facebook
Subway (Testing in Various Markets)
D Land Hotel and Casino In Vegas accepts Bitcoin