5. Bitcoin is the World’s 1st
OpenSource Decentralized Digital Cryptographic Currency
6. CAN YOU SAY THAT AGAIN IN ENGLISH …?
Bitcoin is an OPEN SOURCE peer-to-peer protocol, server and client
Clients and servers are used to calculate CRYPTOGRAPHIC puzzles
With computing power, solving these puzzles provides DIGITAL proof
As a COMMODITY, this proof of work can then be anonymously traded
Chains of verified transactions are DECENTRALIZED by the network
Supply and demand provides VALUE and allows for SPECULATION
( please note the lack of currency in this explanation )
26. But it’s just a decentralized
pyramid scheme without products
-------------------------------------------------
Damn right! And thank-fuck
it’s decentralized too!!!
27. Some claim the real pyramids are
controlled by fiat currencies …
( they’re known as BTC legends – and look like this )
28. BTC LEGENDS PART 1 – JON MATONIS
@jonmatonis
Once the State is removed from
the monetary sphere and loses
the ability to define legal tender,
its power becomes relegated to
direct legislative and
enforcement measures that do
not immorally manipulate a
currency …
29. Government’s and banks continue
to debase our currency whilst
themselves investing in gold.
( some say BTC is the people’s gold )
30. BTC LEGENDS PART 2 – Max Keiser - @maxkeiser
“ Satoshi is the Cyber-Christ and he will rise in Easter ”