Entropy
- In school I learned the laws of thermodynamics, and one of those laws was that Entropy, a force acting on all things at a subatomic level, and pulling all things apart, was the strongest force in the universe.
Chaos
- Chaos is a term more familiar to most people than Entropy, and it is I think of it as Entropy’s Earth bound twin. Chaos is a force attempting to create disorder, by disrupting order.
- Modern societies are built on rules and systems which are designed to create order.
- History teaches us that Chaos always wins.
History
- Civilizations rise and fall, and no matter how large or small, Chaos destroys them all. Entropy is after all the strongest force in the universe, and Chaos is its earthbound twin.
History of Money
- Currency, Money, Fiat, or whatever name the medium of exchange, and storage of value goes by these days, have a history which mirrors civilization.
- They are created to bring order to the Chaos of trade and commerce, literally rules and regulations regarding the exchange of goods and services.
- But they are imperfect systems, owned by Kings or other forms of government, and they are all subject to manipulation. Thus they provide advantage to some over others.
- This root problem of private or government ownership of money and financial infrastructure, has historically been blamed for the susceptibility to corruption and collapse.
- Bitcoin is a new currency, medium of exchange and store of value. It is not government or privately owned. It is not owned by anyone. It was a gift to humanity, from a person or persons known only as Satoshi Nakamoto.
- It is a better form of money than humanity has had before, as far as we know. It is a creation built not just to survive Chaos, but to Thrive on Chaos.
- Bitcoin is built to Survive the fall of our current money system and to provide a way for the collapse of money to be dealt with without war, death and destruction. It provides a way, for the first time in history, for a civilization to transition peacefully, from a monetary collapse to a new monetary system, without a civilization collapse, war and destruction.
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Bitcoin
https://hive.blog/hive-126009/@shortsegments/why-bitcoin-is-a-better-way-to-record-transactions-transfer-money-and-store-value-then-regular-money-2tx
#bitcoinforbeginners
#bitcoin
Define Bitcoin
Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity.
This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions.
This means Bitcoin isn't controlled by any country or group of countries. It is rewarded to blockchain miners who verify transactions and Bitcoin can be purchased on several exchanges.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto. It has since become the most well-known and largest cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies.
Related Article
https://hive.blog/hive-185702/@shortsegments/bitcoin-and-hive-money-are-a-global-financial-revolution-in-money-transfer-and-banking
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#leogrowth
#bitcoin
#bitcoinforbeginners
#bitcoin
#cryptocurrency
I think you have fallen into the Bitcoin Rabbit Hole and you can't get out!
JK JK just Kidding
I like the fact you are writing with passion about Bitcoin and I like the fact you are providing important clarity on what bitcoin is and what it does.
Thank you.
I must admit that I find the topic both deep and wide.
This is the first time I have read a Bitcoin Maxi say that Bitcoin is simple code, not a God nor a Super Hero.
This is the first time I have ever heard a Bitcoin Maxi say that Bitcoin's stringest attribute is that it is not a human.
This is the first time I have heard bitcoin described as not that which will rise from the ashes of our crumbling monetary system, but a tool we will use to rise from the ashes of our monetary system.
Your not a very good Bitcoin Maxi, but I really like the way you think. Thank you
LOL
I never thought of myself as a Bitcoin Maxi, because I love the decentralized finance opportunities on Ethereum, I love the beauty and technological achievements of Hive. BUt I really feel like the simplicity of Bitcoin and it's simple technological advantages of Bitcoin over Fiat are impressive to learn, and understand.
I enjoy each post more now then ever before, as each one peels back the layer of the Bitcoin/bitcoin onion more.
I truly feel that I get it more each time, the special thing that bitcoin is and the way it creates a first in class new technology, which is a public good. But this time, the ending really was good. Bitcoin doesn't have a super powers, we have superpowers, bitcoin just allows us to live up to our full potential.
Sweet.
I am glad you enjoyed it.
I am undergoing a public revelation as I understand the importance of Bitcoin.
What is Bitcoin
Bitcoin (BTC) is a cryptocurrency (a virtual currency) designed to act as money and a form of payment outside the control of any one person, group, or entity. This removes the need for trusted third-party involvement (e.g., a mint or bank) in financial transactions. This means Bitcoin isn't controlled by any country or group of countries. It is rewarded to blockchain miners who verify transactions and Bitcoin can be purchased on several exchanges.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto. It has since become the most well-known and largest cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies.
#hive #posh
Thank you.
https://inleo.io/@shortsegments/bitcoin-entropy-and-chaos-8iq
Thanks