Why You Should Buy Bitcoin — And Why You Shouldn’t.

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If you asked this question among a group of cryptocurrency enthusiasts, they will all likely look at you and say. Plus this technology is considered possibly the most ground breaking since the internet. Satoshi Nakamoto is an anonymous individual or group of individuals that invented Bitcoin. He released an extremely technical white paper in late called "Bitcoin: Nakamoto mined the very first bitcoins and accumulated over a million coins in it's beginning stages.

No new Bitcoins 7 responses to bitcoin why i am stillinterested be created after it's supply reaches 21 million coins. In my opinion if Nakamoto really was some individual he would have come forward by now. That or someone would have figured out his true identity by now.

Plus, the technology behind Bitcoin is truly masterful and is an engineering marvel. We are supposed to believe this was all cooked up in somebody's basement? They were born out of the U. At the time, the Cold War had the United States searching for a communication network that could survive a nuclear attack.

Thus the need for creating a time-sharing network of computers was born. 7 responses to bitcoin why i am stillinterested network is widely considered the precursor of today's internet. 7 responses to bitcoin why i am stillinterested, you are telling me it took years and years of collaboration among computer scientists, researchers, and engineers to create the internet using the best tools the United States had to offer, and we are supposed to believe the next evolution to that was created by a single person in his basement?

In my opinion, the theory that fits the most facts and makes the most sense logically, is that Satoshi Nakamoto is basically the pen-name used for a group of people working for a government Governments have the incentive and the technological capabilities to create Bitcoin. Also, look at when Bitcoin was created. It was created in released in in response to a major financial meltdown that originated in the United States. When deciding which government is the 7 responses to bitcoin why i am stillinterested likely to have created "Web 3.

It makes absolutely no sense that a government would want to create a tool that leads to their own demise. Governments have 0 control over public blockchains and 0 understanding of how they work. They can't steal Bitcoin like they can dollars. They can't hire blockchain architects because they are all anarchists. They also can't control the supply and play with interest rates. Their only play is to take down the entire internet to try to destroy the decentralized ledgers.

I find it probable that Satoshi Nakamoto is not of this world and that the code is a gift to our species in an attempt to help us abolish governments. I can't prove this rather ridiculous theory but no human has come close to proving they had any part in the original creation of Bitcoin. LOL Craig Wright Also there is a surprising amount of information in the Wikileaks dumps about emails between astronauts who have been to the moon, Obama's highest ranking officials, people high up in the Vatican, and others talking about aliens and their supposed technologies and communication with us.

It is wild stuff that you are not supposed to know about. I suggest checking it out. That this Bitcoin idea was brought to us by aliens. Or some humans 7 responses to bitcoin why i am stillinterested the future,who came 7 responses to bitcoin why i am stillinterested in time-machine. I have never told my thoughts loud, because i know - all listeners would then only laugh at me What a great post!

I have been pondering on this wild theory for a while now and I'm glad I finally put it on 7 responses to bitcoin why i am stillinterested blockchain. But it makes a lot of sense that a government is doing something that makes absolutely no sense. Do I explain myself?

Good pints you have there. I like the extra terrestrial point of view. Maybe to save ourselves from ourselves. The internet is such a thing. But I can understand that they maybe couldn't predict the internet would get many people more informed than a corrupt government would like. But when you create Bitcoin you know from the very start that it will backfire on you.

Yes, I agree with you. 7 responses to bitcoin why i am stillinterested also don't think governments are behind this. It would make no sense at all. There are always power struggles within governments. Just food for thought. This is gonna make it hard for me to sleep. Gonna be reading wikileaks aaaaaall night. I think that governments play those games that random people will never understand so i think he is right Us is behind of BTC.

I can always appreciate a good theory! Though It doesn't really make sense to me given that decentralized technology literally screws them over.

Thanks for the interesting theory! It's anannomous nature is the reason why so many are Interested in it. And I don't think any govt would Wan to create something like bitcoin that will take away their monopoly power of generating money from thin air.

Yes, all the rules were forbidden bitcoin for a long time. Have not yet realized that it can not be stopped. Yea I just created an e-commerce shop that accepts crypto currency already hosted but not running yet need to fix some shits on it. Australian entrepreneur says he invented bitcoin. Australian entrepreneur Craig Wright says he's the inventor of the digital currency bitcoin.

What is the motivation for the western world to create Bitcoin? Perhaps to lure people into a new "safe haven" instead of investing in gold and silver. Precious metals are scarce and demand is higher than world production. So the western vaults are getting cleaned out to satisfy demand in the east.

It would certainly delay the process. Another motivation is to prepare the population for a cashless society in order to implement Negative interest so no one can take out the money from the bank anymore?

With negative interest the gigantic burden of world debt is manageable. Just to be clear: I do think everybody needs to be somewhat invested in crypto! They keep talking about a new world order, and if you believe the Bible, there will be 7 responses to bitcoin why i am stillinterested one world government with a one world currency.

Why couldn't it have been "cooked up in a basement" though? Apple and the modern PC for a recent example. And how about Steem? Yes I know Stan not Dan though to my knowledge used to work for NASA, but are you telling me you think all great new inventions started out as pet projects created by a nation state?

That clearly wasn't the case. It really made me wonder now as to how the btx was created. Honestly there are so much coins currently rolling out that in a few years the market will be overcrowded with randon currencies.

Cheers for the efforts you put in writing this and all the best from me. Bitcoin takes permission away from the banks and establishment and gives that permission to you and whomever you are doing business with. This changes the dynamics of the way people do business around the world. This is the power of Bitcoin and blockchain!! Never thought about this really deep but you are true it's very hard to imagine that only one person had design Bitcoin.

So it's likely that a group had made it. Also take in mind that it was one person who 7 responses to bitcoin why i am stillinterested quantum theory - Albert Einstein. Or look at Nikola Tesla what he made true.

So there is a possibility that one genius person invented Bitcoin. Looking forward for your next episode: I'm not buying it. It would be like saying that 1 man wasn't capable of creating Linux but that was in fact the case. Then more and more people started helping on the project and now we see a very developed operating system that is extremely scalable and continually improve upon.

Bitcoin is an accumulation of previously existing technologies and concepts assembled together. Hal Finney helped invent modern encryption, an essential part of Bitcoin. The actual idea is straightforward, but the code surely required borrowed talent.

I believe most of the code had a single mastermind, but was somewhat pieced together between people Remember the twin-primes conjecture was partly solved by a then basically unknown individual in the math world, and his paper was extremely technical. As for me I literally cannot even spell brilliant at this moment.

It is 7 responses to bitcoin why i am stillinterested possible that the creator was in fact a group.

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We hope you get the flowers we sent! All this Bitcoin jibber-jabber probably leaves you wondering whether you should be spending some of your physical coins on Bitcoins, or whether you should run away as fast as possible.

To give you some insight on that, we talked to even more people who are talking about Bitcoin. But the real answer is just a teensy bit more nuanced than that. As certified financial planner Billy Funderburk explained to us:. Bitcoin is just one of many so-called cryptocurrencies. Ultimately, the increasing value of Bitcoin comes from a belief that the demand for bitcoins will increase over time. This belief is rooted in the idea that it will replace many government-sponsored currencies for more and more transactions.

Bitcoin was created in by a person calling themselves Satoshi Nakamoto. Once someone owns Bitcoin, they are provided a password to access it on the blockchain. Lose the password, and you lose your Bitcoin. Unlike American dollars, Japanese Yen, or any other kind of traditional, country-based currency, Bitcoin has no government body controlling it. For some people, the lack of a regulating body means they see Bitcoin and other cryptocurrencies that have followed in its wake as the future of money.

For others, the lack of control means they see Bitcoin as, at best, a collective delusion, and, at worst, a total scam. Do you own a time machine capable of going back to ? Should a person invest, I would suggest investing only a small portion of your money and have an exit strategy.

But a currency that loses almost half its value in only a month? To say that bitcoins are speculative and volatile is an understatement. If cryptocurrencies are the money of the future, their value could theoretically increase by another 50x. Not only is there a chance the technology fails and the price falls to zero, but you are also subject to the risk of hacks, theft, and code exploits, which could wipe out your investment overnight.

Hear what people are saying, but formulate your own opinion. Get on an exchange—maybe they have a demo environment you can try out.

Learn the ins and outs of the exchange and markets. Cal Cook, the consumer finance investigator at ConsumerSafety. That way, everything left is profit. Both of these exchanges are U. There you have it. Sadly, you probably missed the big boat, but maybe there are some smaller boats you can still consider. If you want to know more about long-term financial planning, check out these related pages and articles from OppLoans:. Have you invested in Bitcoin?

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Should You Invest in Bitcoin? If you invested in Bitcoin back in , congratulations. For the rest of us, there are a lot of risks to consider. Everybody is talking about Bitcoin! As certified financial planner Billy Funderburk explained to us: So should you invest? So what do the experts say? If you want to know more about long-term financial planning, check out these related pages and articles from OppLoans: From Budget to Baller: His passion for digital technology, scams, and identity theft drive his research.

Max Galka is a data scientist and information designer based in New York City. Hyun Lee HyunLee is the Communications and Marketing Director at Mothership , a blockchain ventures platform and digital assets exchange. In June , Mothership held a successful token sale and since then, is changing how exchanges work. With his company Bitfountain, John Omar johnomarkid taught over , students how to code. After the company had run its course, he feared getting an office job and losing his freedom.

He took a year off to teach himself how to day trade cryptocurrency for profit. John has now built a large online community of traders that he teaches his trading strategies to through his course videos, private forum, and blog. Receive your money as soon as tomorrow!